• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoin SV pump was Craig Wright birthday gift
Nexo

Bitcoin SV Adds 12% – Craig Wright Birthday Gift?

Christine Vasileva by Christine Vasileva
3 years ago
in Altcoins, News, News teaser
0

Bitcoin SV (BSV) chose a rather unusual moment to rally – just as Bitcoin (BTC), one of its competitors, crashed to below $7,500 after weeks of stability.


BSV Added Nearly 30% a Week

Bitcoin SV jumped by more than 29% in a single week, while the rest of the market was in the red. And in that past week, BSV also posted significantly successful days, bouncing off the $90 range and once again to triple-digit prices.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The earlier BSV rally above $100 happened around the birthday of Craig Wright, one of the most vocal – and reviled – Bitcoin SV proponents, and claimants to the personhood of Satoshi Nakamoto. Whether this was a birthday gift for Wright, or a stunt, the rally continued on Thursday and Friday.

The Bitcoin SV network has added an interesting feature, which surfaced on Friday. There is a 2.5 BSV bounty for uploading worldwide air quality data.

FYI. The totally fee is around 2.5 BSV every 24 hours(~3500 sat per tx), if upload the aqi of all the 3000+ cities. https://t.co/iulsGYbDLV

— Aaron Zhou (@dailyzhou) October 23, 2019

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The inclusion of data in BSV blocks is a new feature, and the bounty may help build up the community.

BSV also rallies in BTC terms, up from 0.010 BTC to 0.013 BTC in a growing trend. The blockchain of BSV, which was the fork-of-a-fork of BTC, is still having claims to being “the real Bitcoin”. Craig Wright has also threatened to wipe out BTC in just a few months, dumping his vast BTC holdings, while boosting BSV.

Could the current rally be a part of this threat? It is still too early to say. BSV trades on multiple small exchanges, and there is the possibility of trading manipulation. Also, it is quite possible the fast gains will be erased just as fast, as BSV takes its turn to flash-crash.

Moving Up But Why?

BSV already gathered strength for a few days before Thursday’s rally, and the reason for the jump may be inertia taking over.

the most bullish coin? easy, it's $bsv pic.twitter.com/ewvZ8H2PTY

— balage, bruv 💣 (@ruffiian) October 20, 2019

The coin burrowed to as low as $81 a few weeks ago, and the current gains are looking rather significant. The Bitcoin SV mining also picked up since mid-October, expanding from 800 quadrillion hashes per second, to 1.3 quintillion hashes – which is still around 12% of the Bitcoin hashrate, and just half of the Bitcoin Cash hashrate.

BSV remains one of the more successful forked coins, keeping its presence among top 10 assets. The network detached from Bitcoin Cash on November 26 last year, and for that time managed to establish itself, despite a scandal and delistings from Binance and Kraken.

What do you think about the BSV pump? Share your thoughts in the comments section below!


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Related Posts

Phishing

Phishing Criminals Steal $70,000 Using Beeple’s Hacked Twitter Account

6 hours ago
Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

22 hours ago
DAI

DAI Emerges Strong Despite Terra’s Downfall

24 hours ago
Crypto

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

1 day ago
Crypto

Crypto Disaster: Ethereum Co-Founder Vitalik Buterin Claims He’s Not A Billionaire Anymore

1 day ago
A16z

A16z Rolls Out $600 Million Gaming, Web3 And Metaverse Dedicated Fund

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.