The top ten cryptocurrencies are all in green boasting moderate gains. For example, Ethereum is up 2% and Bitcoin Cash up 4.38%. Leading coin by market value, Bitcoin, is 1.75% in the green, nearing $8,000 USD per coin—much to the excitement of the bulls. However, its hard to ignore the not-so-moderate gains that Bitcoin SV is sporting just outside the top ten.
In eleventh place in terms of market cap, the hard-fork of a hard-fork is up a whopping 79.57%.
The rise is attributed to Bitcoin SV’s founder, Craig Wright, and a poignant move he just made to “prove” he is Satoshi Nakamoto—the original Bitcoin creator.
Bitcoin SV Is Up 80%
Earlier today the controversial figure filed copyright registrations for the Bitcoin whitepaper and the early Bitcoin code with the US Copyright Office.
But his move has already been lambasted, with many in the community considering another fraudulent claim.
For example, Jerry Brito of CoinCenter, pointed out on Twitter, that anyone can register a copyright claim. Doing so still isn’t proof of ownership and neither is recognition by the US Copyright Office itself.
He goes on to say:
The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.
Wright has been claiming since 2015 that he is the creator of the world’s largest cryptocurrency. He has, however, been continuously unable to provide hard evidence that confirms it.
As such, he has been slammed across the industry with names such as “fraud” and “Faketoshi”. In response, he has launched a series of lawsuits against those who have doubted him or publicly denied his claims.
However, this caused further industry backlash and led Binance CEO Changpeng Zhao to delist Bitcoin SV from his exchange platform.
Industry Speculation
The debacle will continue and all the while, we still remain unsure who is the real person or persons behind the pseudonym, Satoshi Nakamoto.
>>Bitcoin Price Jumps Again, Now Above $8K Mark
Is he telling the truth? Who could possibly know?
What do you think about Wright’s filing? Do you believe him? Are you shocked to see Bitcoin SV up 80% in response?
Featured Image: Deposit Photos/Afotoeu
Hey, Yes this is very interesting. Thanks for the article on bitcoin. There is no way of saying that he is telling the truth or not. But this is interesting how the bitcoin price varies. the crypto world is evolving every second.
There is no real way to say that he is lying or not. In any case, The bitcoin market is growing rapidly and becoming popular among peoples. Now more peoples are investing in it. Crypto market surpasses the traditional banking system. But everything’s has pluses and minuses. Thanks for sharing.