Contentious Bitcoin Cash hard fork Bitcoin SV (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrency’s significant price increase has led to a parabolic rally which may result in all-time highs for BSV.
However, many crypto community members believe that Bitcoin SV might be an “exit scam,” which may serve as a get rich quick scheme for its creators. Twitter user @thomcanterbury said:
“BSV genesis upgrade is a trojan horse for being able to move satoshi coins on that chain (they won’t and can’t move on Bitcoin (BTC) chain) in order to continue the narrative that CSW is satoshi. This is all being coordinated alongside the court case. Truly spectacular.”
Previous sanction ordering Wright to give up Bitcoin holdings will not stand
A US District Judge recently ruled that a previous sanction instructing Craig Wright the self-proclaimed Bitcoin inventor, to surrender half of his BTC holdings to Dave Kleiman’s estate will not stand.
US Magistrate Judge Bruce Reinhart had announced the sanction ruling in August 2019 in the long-running court battle concerning 1.1 million BTC, which were allegedly mined by Wright and Kleiman during Bitcoin’s early…
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Author: Omar Faridi