Crypto Tidbits: Bitcoin SV Delisting, Binance Chain Launch, HTC Backs Blockchain Fund

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Another week, another round of Crypto Tidbits. The movement in the value of Bitcoin (BTC) has slowed, with volume and volatility falling across the board, but underlying industry developments have been absolutely monumental.Bitcoin Satoshi’s Vision (BSV) was delisted on an array of exchange; Binance launched its own blockchain, sparking a BNB price surge; a report revealed that endowments are piling into this industry en-masse; technology giant HTC backed a blockchain fund, and a prominent U.S. presidential candidate called for the correct regulation of digital assets to promote their growth.Related Reading: Crypto Tidbits: Bitcoin Passes $5,000, SEC Doubles-Down On Crypto, Binance DEX NearsCrypto TidbitsBitcoin SV Delisted On An Array Of Exchanges: Over the past two or three weeks, a whole hubbub has erupted about Craig Wright and his claim that he is Bitcoin creator Satoshi Nakamoto. Wright claims that he is Satoshi, as others have rebuked him. The debate reached a point where Wright, Calvin Ayre, and the rest of their camp, all supporters of Bitcoin Satoshi’s Vision (BSV), sent legal letters to an array of industry leaders: podcaster Peter McCormack, Lightning Network proponent Hodlonaut, and Ethereum’s Vitalik Buterin. And with that, the community fought back, urging exchanges listing BSV to delist the asset. Eventually, Binance agreed, as did ShapeShift, Blockchain.com, and Kraken, leading to a collapse in the price of the cryptocurrency.Binance Chain Finally Launches, BNB Surge: After months, potentially even a year of waiting, Binance Chain, the native blockchain of prominent industry upstart Binance, has launched for a public audience. The launch of a decentralized exchange (DEX) based on the platform is expected to soon follow. As a result of this move, which one or two pundits have called one of the biggest crypto-related news items of the year, Ethereum-based projects have begun to prepare to move to this sleeker option, BNB has surged to new all-time highs (even in this bear market), and the broader market has started to tick higher.HTC Backs Proof of Capital, New $50 Million Fund Funding Crypto Firms: The Taiwan-headquartered HTC earlier this week was revealed to be participating in a $50 million blockchain-centric fund, Proof of Capital. Not only will Phil Chen, the Decentralized Chief Officer at the firm who heads the Exodus division, be leading the venture capital fund, but HTC is reported to play a key role in the portfolio of Proof of Capital.ConsenSys Seeks Funding As “Crypto Winter” Wraps Up: According to a recent report from The Information, New York-headquartered blockchain group, ConsenSys, headed by Ethereum co-founder Joseph Lubin, is currently searching for a large sum of venture capital funding. Citing “several people with knowledge of the plans,” the outlet explains that ConsenSys, which houses MetaMask, Infura, and countless other key pieces of Ethereum infrastructure, is actively seeking $200 million from “outside investors,” after operating off Lubin’s Ether stash for years on end. While this nine-figure sum is ludicrous in and of itself, the $200 million seems even crazier when you factor in the mere $21 million the firm dragged in for fiscal 2018, and that ConsenSys is seeking a valuation of “at least $1 billion.”

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