Markets
Bitcoin pulled back Wednesday, sliding toward $84,000 after touching a seven-month high near $87,250 earlier in the week. The retreat came as traders rotated into two unlikely winners: Bitcoin Cash and Bitcoin SV, forks that split off Bitcoin's main chain years apart. Both tokens posted some of their sharpest gains in months even as the broader market cooled. Myriad: How high will Bitcoin go? Click to make your prediction. Bitcoin Cash split from Bitcoin's main chain in August 2017 over a disput...
Law and Order
An appeal from Bitcoin Satoshi Vision (BSV) investors in a case seeking more than $13 billion in damages from prominent crypto exchanges was rejected by the UK Supreme Court last week. The appeal stems from losses that mounted in the BSV token following its delisting by major crypto exchanges like Binance and Kraken in 2019. The latest proceedings and permission to appeal fell to three court justices who ultimately refused the appeal, as spotted by Protos. “The application does not raise an a...
Law and Order
The UK Court of Appeal has dismissed the majority of a $13.3 billion (£10 billion) class action against crypto exchange Binance, dealing a major blow to Bitcoin SV (BSV) investors who said the company’s 2019 delisting of the token crushed its growth potential. The court rejected the investors’ “foregone growth effect” theory, which suggested BSV would have reached price levels similar to Bitcoin had it not been removed from major trading platforms, in a judgment handed down on Wednesday. The cla...
Law and Order
Bitcoin SV (BSV) investors have asked the UK Court of Appeal to readmit their claim that Binance’s delisting of BSV in April 2019 caused them to lose out on significant growth in the value of their holdings. In July 2024, the Competition Appeal Tribunal struck out a particular element of the group’s complaint, which argued that the Binance delisting resulted in a “forgone growth effect,” preventing BSV from developing into a “top tier” cryptocurrency. It’s this particular claim that would allow...
Markets
Binance’s native token (BNB) jumped to record highs on Wednesday amid a broader crypto market uplift that saw a resurgence in long-time altcoins affiliated with Ethereum and Bitcoin. BNB surged 8% to a new peak above $788, beating out its previous June all-time high of $710, CoinGecko data shows. The asset is used for trading fee discounts, transaction fees on the Binance Smart Chain, staking, participation in token sales, payments, borrowing, and lending. Meanwhile, Ethereum Classic (ETC) and...
Law and Order
Craig Wright launched a new legal battle claiming that Bitcoin developers have deviated from the original vision of the project and insisting that Bitcoin SV is the real Bitcoin. The claim is seeking from the defendants the difference in market valuation between the two coins, over $1.18 billion. If Wright’s name sounds familiar, that’s because he previously claimed to be the creator of Bitcoin, Satoshi Nakamoto himself, getting tied up into a legal battle that he ultimately lost. The recently...
Coins
Bitcoin SV (BSV) has plummeted 13% over the last day after a UK court ruled that Craig Wright is not pseudonymous Bitcoin creator Satoshi Nakamoto and did not write the leading cryptocurrency’s whitepaper. Coupled with a broader downturn in the cryptocurrency market, it's been a rough week for the Bitcoin variant. Also known as Bitcoin Satoshi’s Vision, BSV was trading for around $113 on Thursday as the court case between Wright and the Crypto Patent Alliance (COPA) concluded. BSV saw its larges...
Markets
Bitcoin has smashed through $65,000, continuing its race to the moon, and the fast-rising tide is lifting all boats: BTC offshoots like Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) are surging. Bitcoin Bitcoin is rapidly closing in on its all-time high of $69,000. The number one cryptocurrency is trading at $66,413 at time of writing, up 5.7% in the last 24 hours. Bitcoin Forks Several cryptocurrencies have forked from the Bitcoin blockchain, and two of the forks most closely associated...
Coins
Coinbase is completely removing support for Bitcoin SV (BSV). America’s biggest cryptocurrency exchange said in a letter to customers who store the asset on the platform that their holdings will be liquidated unless they remove their coins by January 9. Coinbase delisted Bitcoin spin-off BSV—also known as Satoshi’s Vision—back in 2021 after the blockchain behind the coin suffered what’s known as a “51% attack” and the network became unstable. Coinbase clients have been unable to buy and sell t...
Markets
Bitcoin forks Bitcoin SV and Bitcoin Cash have been hit hard by today's dip in crypto prices. Bitcoin SV (BSV) is down over 6% in the past day, currently changing hands at $32.66 per coin, data from CoinGecko shows. The normally obscure asset—the 56th biggest virtual currency by market cap—has also plunged by 15% in the past seven days. While Bitcoin Cash (BCH) is also suffering: It's currently trading for $216.53, a 5.4% dip over the past day. The biggest and most successful BTC fork has nosed...
Profiles
The cryptocurrency space is divided into dozens of niche subgroups. Every digital asset spawns its own devout community of investors, evangelists, and shills, all working to increase the value of their chosen token and pave the way for mass adoption. When it comes to the large-cap coins and tokens, like Bitcoin, Ethereum, and Chainlink (LINK), communities can grow to such a scale that they use their collective power to mobilize and influence the development and politics of the asset. In the pro...
Coins
Many prominent exchanges stopped paying attention to Bitcoin SV the moment they delisted the cryptocurrency. Bitmart, an international exchange registered in the Cayman Islands with offices in New York and across Asia, didn't. The exchange's owner has been fighting a court battle to prevent the transfer of BSV allegedly stolen in a July 9 hack. A U.S. District Court judge has granted a preliminary injunction to Bitmart owner, GBM Global Holding Co. Ltd., preventing the alleged hackers—whose na...
Business
You would think that of all the places on the internet, you’d be able to read the Bitcoin whitepaper on Bitcoin.org. For Brits, that won’t be possible for much longer. Dr. Craig Wright, the self-professed (and much-contested) creator of Bitcoin, today won a case in the High Court to force the Bitcoin education site to remove the Bitcoin whitepaper from its website. It is the first success in his string of attempts to control who displays the Bitcoin whitepaper. In a remote hearing today, a judg...
Coins
A federal court in Florida has dismissed an antitrust suit filed against Bitcoin.com founder Roger Ver and several other prominent figures in the crypto industry, accused of market manipulation during a contentious split of the Bitcoin Cash network in November 2018, Law360 reported. Other defendants in the case included Kraken CEO Jesse Powell, former CEO of Bitmain Technologies Jihan Wu, as well as Bitcoin Cash developers Shammah Chancellor and Jason Cox. First filed by United American Corp (UA...
Coins
San Francisco-based crypto exchange OKCoin announced on Friday that it will suspend trading of Bitcoin Cash (BCH) and Bitcoin SV (BSV)—two forks of Bitcoin (BTC)—starting March 1. 📢 Important announcement: we have made the decision to suspend $BSV and $BCH trading, effective March 1, 2021. Please take a moment to read more from our CEO @hfangca: https://t.co/9UoBS0qkAG — OKCoin (@OKCoin) February 19, 2021 OKCoin CEO Hong Fang said the suspensions aim to stop the “malicious misinformation war”...
Coins
San Francisco-based crypto exchange OKCoin today announced it will suspend trading of Bitcoin Cash and Bitcoin SV, two forks of Bitcoin, from March 1, 2021. CEO Hong Fang said that the suspensions are to protect Bitcoin against the “malicious misinformation war” waged by self-titled Bitcoin creator Craig Wright and “other high-profile members of these communities” (meaning those who promote Bitcoin Cash and Bitcoin SV). What are Bitcoin Cash and Bitcoin SV? In 2017, Bitcoin split into two majo...
Coins
The price of Bitcoin SV today surged by 30% as the altcoin market picks up the pace. Bitcoin SV is built on a blockchain that forked from Bitcoin Cash, which itself is a fork from Bitcoin, the grandaddy that’s currently setting new all-time-highs every week. Attention to the Bitcoin SV token has largely been sidelined in favour of its more famous progenitors and tokens like Ethereum and XRP, but BSV today trades at a price of over $230. That’s still some way off its all-time high of $441, set...
Coins
Sure, Bitcoin has had a good week. Today, traders pushed the coin to its highest price since June 2019. But ya know which coins performed even better this week? Bitcoin spinoffs, each touted as superior to Bitcoin in their own way, yet far less successful...until now! Childhood dreams came true this week for the creators of Litecoin, Bitcoin SV and Bitcoin Cash, the most popular Bitcoin spinoffs by market cap. According to data from metrics site CoinMarketCap, while Bitcoin’s price increased...
Business
Self-proclaimed Bitcoin inventor Craig Wright has lost an appeal against Bitcoin.com founder Roger Ver, according to court documents. Wright sued Ver on May 2, when the latter appeared at a Bitcoin Cash meetup in London. He claimed that Ver had libelled him by calling him a fraud. There's a long-running dispute in the crypto community over whether Wright really is Satoshi Nakamoto, the psuedonymous creator of Bitcoin. Critics say that he hasn't signed any of Satoshi's Bitcoin—which would count a...
Business
Craig Wright, the self-professed creator of Bitcoin, allegedly plagiarised the vast bulk of his 2017 doctoral thesis, according to a research article. At least 30 pages of Wright's thesis—including an entire chapter—constitutes "substantial, deliberate plagiarism," alleges a pseudonymous researcher dubbed "Paintedfrog." "Wright plagiarized huge swaths of content and reworded it to avoid automated detection tools. In most cases, he simply substituted synonyms every few words," he stated, in the...
