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SBI Holdings Removes BSV But Not As A Part Of The Delisting Campaign

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SBI Holdings the Japanese Financial giant, removed Bitcoin Cash from its exchange last week but claims it was not a part of the delisting campaign against BSV. In today’s coming altcoin news, we read more on this misunderstanding.

According to the Cointelegraph Japan reports from April 19, the SBI holdings giant never actually offered Bitcoin Satoshi Vision trading. The company only allowed Bitcoin Cash trading and this has always been seen as a controversial move. Removing Bitcoin cash from the platform happened during the most controversial times since many crypto exchanges delisted the BSV cryptocurrency as an overall industry boycott.

As DC Forecasts previously reported in the altcoin news, exchanges such as Kraken and Binance stopped providing support for Bitcoin Satoshi Vision after Craig Wright made multiple legal threats towards Twitter user Hodlonaut but also against podcaster Peter McCormack for accusing him of being a fraud. SBI Holdings has nothing to do with the accusations and the delisting campaign that started on Twitter.

Bitcoin Satoshi Vision (BSV) is a hard fork of Bitcoin Cash after Craig Wright and Ayre claimed that the altcoin is the original bitcoin. Wright also made claims that he is the real creator of the number one cryptocurrency. During his statements, the value of both altcoins fell dramatically. The move by SBI holdings removing BCH comes at a time when other companies choose to delist BSV in a time of criticism.

However, the SBI Holdings giant was also criticized for the decision since the company has made a lot of partnerships with Wright’s businesses and especially with nChain which is also under Wright’s ownership. In a statement, the executives denied conflict of interest:

 “It is true that we do have a business relationship with Mr. Craig Wright through our partnership with nChain. However, our decision to delist Bitcoin Cash (ABC) is unrelated to the delisting of Bitcoin SV by several non-Japanese exchanges.”

SBI Holdings made clear that the BCH delisting was premeditated and a decision was brought after a long consultation with the Japanese Virtual Currencies Exchange Association. The decision comes at a time when BSV is reaching almost all headlines in every best cryptocurrency news sites but the company states it is a coincidence.

As of press time, Bitcoin Cash is trading at 3.2 percent lower at $299 while Bitcoin Satoshi Vision is trading around $59 despite the massive delistings.

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Altcoin News

Epic Surge Adds 10% ($25bn.) To Crypto Market Overnight

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An epic surge is in the headlines of many best cryptocurrency news sites, adding more than $25 billion to the crypto market overnight as more traders and investors are active and going in again. Bitcoin is in the pole position after nearly touching the $9,000 mark, but other coins are also participating in the massive increase. All of this managed to send BTC to 12 months high and the total market capitalization has also reached a new 2019 and ten month peak. The epic surge was well accepted in the altcoin news too, especially because altcoins were triggered by BTC's correction. Currently trading at above $8,700, it is clear that Bitcoin is on a roll and the main coin which is leading the epic surge. The analysts are now predicting a move to the mid $9,000 because of the strong momentum - and a potential bullish rally to $10,000 which is going to be greatly appreciated by many. Ethereum, on the other hand, enjoyed the epic surge with a 7% added to its price, making it reach $270 before slightly dropping back. However, the daily ETH volume is back over $10 billion which is definitely good for sending the second largest crypto asset in the world up to $300 in no time. The latest cryptocurrency news show that the top ten is a wall of green as the altcoins are making moves and recording big gains today. Litecoin is the altcoin that leads the epic surge in this space, adding 11% to its price and reaching $114 which is its highest price since June 2018. As the stats show, Bitcoin Cash and EOS are also strong with over 9% each, reaching $439 and $6.92 respectively. Justin Sun was also featured in the coming altcoin news, sharing his excitement for TRON and BitTorrent. As the founder of TRON stated:
Something huge and amazing going about and . I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed!
The FOMO (fear of missing out) is high after the epic surge which resulted in a lot of gains. When markets are on fire like they are now, it is very possible that the rally will continue, analysts claim.
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BSV Price Surges By 33% Due To A Copyright Application

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Today's altcoin news show that the holders of Bitcoin SV tokens are finally optimistic following a new BSV price surge which took the altcoin to new heights. After correcting as much as 56% to the downside last week, the Bitcoin SV cryptocurrency rallied and produced gains up to 35% in a new pump ignited by Bitcoin on Sunday at 13000 UTC. The recovery of Bitcoin Sv has brought the market capitalization on the high too, growing close to $2.08 billion and noting almost a 100% growth in a week. Meanwhile, the BSV price and its to-dollar exchange rate has also established a fresh intraday high at $121 on Huobi, growing up by 28.2% on a 24-hour adjusted timeframe. Right now, the Bitcoin SV market is calm, after hosting more than $500 million worth of volume in the past 24 hours. The altcoin traded maximally against the South Korean Won, the USDT stablecoin and Bitcoin (BTC). A lot of exchanges and many best cryptocurrency news sites featured the surge in their headlines. The BSV price rally joined a similar sentiment across the cryptocurrency board and the top ten index. The world's leading cryptocurrency, Bitcoin, broke above a strict resistance zone near $8,000 to establish a fresh 2019 Bitcoin price high, going near $8,950. Aside from the BSV price, the coming altcoin news show that Litecoin (which is the fifth largest altcoin now) has climbed 12.55% at the same time, settling its yearly peak. Other influential cryptocurrencies noted winnings between 7% and 10%, including Ethereum, XRP, EOS and Bitcoin Cash. The only altcoin which was weak was Binance Coin (BNB) which had a gain of only 1.24%. What's also interesting is the fact that the BSV price rally followed Dr. Craig S Wright's anti-Bitcoin rant where the Bitcoin SV founder said that Bitcoin will disappear in moments because of its criminal tendencies.
“If Bitcoin or any other monetary system seeks to act outside the rules, it becomes an outlaw system, and once it does, it is easy to stop,” he stated.
However, one of the most realistic theories behind the BSV price pump in the latest cryptocurrency news is the one in which Calvin Ayre (Dr. Wright's close associate) claimed that the US copyright office had accepted the scholar's claim of being Satoshi Nakamoto - the mysterious Bitcoin creator. Nonetheless, the authorities later clarified that anybody could claim the same, stating that they do not recognize “anyone for anything.”  
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BitTorrent Token Surges 20% After Justin Sun Tweets Latest Announcement

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BitTorrent token (BTT) surged in value by 20 percent after the TRON founder Justin Sun and the owner of BitTorrent once again proved how big of an influence he can be on social media. In the latest cryptocurrency news today we read more about his tweet that influenced the price of the token. Most recently, Sun tweeted that there is a huge announcement coming up and this is when the price of the BitTorrent token increased by 16 percent on the day. Sun didn’t even give us a hint of the announcement. Sun is extremely popular for his Twitter activity and he is constantly getting the number of his followers increasing. He updates the community about what is going on and what is next for his projects. However, he did something different this time after he announced that there is a new announcement coming up. What is more interesting, he says that there is a 70 percent chance of whatever is coming up to take place. Despite the fact that he didn’t hint what the announcement can be, the price for the BitTorrent token surged right after he posted. The price was even up by more than 16 percent which only shows how big the influence of the TRON founder is. It has now become a popular trend to hype and notify the crypto community about blockchain-based projects. It’s perfectly normal for companies to state facts about the developments with their products and this is what Sun has been doing. However, as we mentioned in the altcoin news previously, there is a fine line between keeping the community posted and misleading the community since some developments might not come true in the future. The last tweet from Sun doesn’t provide any concise information and it says that there is only a 70 percent chance of happening. If you take a look at traditional companies, you can see that their activities are carefully monitored by regulating authorities since last year Elon Musk got sued for tweeting his plan to take Tesla private and that he has the funds for it. Being careful with information has to become a practice especially if the community can be misled, in danger or simply to avoid speculation.
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BitMex Research Shows BCH Experienced Two-Block Chain Reorganization

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BitMex research that was issued on May 24, explains that after the hard fork on May 15, Bitcoin cash has reportedly experienced a two-block chain reorganization which resulted in 3,392 BCH double spend. Per the coming altcoin news, we read more on that research. The report released by the BitMex research branch, the recent BCH hard fork experienced three connected issues. First, there was a bug that evidently exploited by an attacker right when the hard fork happened. The attacker was also able to ‘’broadcast transactions which met the mempool validity conditions but failed the consensus checks.’’ Also, the miners who attempted to produce blocks with the transactions were not able to do so. The empty blocks resulted in concerns among the miners who tried to mine on the original chain causing a consensus chainsplit. The third problem was that the said chainsplit prevented a system that aimed to recover funds that were accidentally sent to SegWit addresses. According to the BitMex research, the failure could have resulted in a coordinated 2 block chain re-organization. The report states:
 “Based on our calculations, around 3,392 BCH may have been successfully double spent in an orchestrated transaction reversal. However, the only victim with respect to these double spent coins could have been the original ‘thief.’”
As the BitMex research explains, the three interrelated issues during the hard fork brought up 25 transactions (moving 3,392 BCH) not being into the reorganized chain which led to the double spend effect. As reported in the latest cryptocurrency news, at that time, Bitcoin Satoshi Vision (BSV) blockchain which is a result of the previous BCH hard fork struggled with the large block size and then a series of block reorganizations happened back in April. At the start of this year, In January, a deep reorganization of the Ethereum classic (ETC) blockchain happened as well which also included double spending and $1.1 million worth of crypto was involved. The report states further:
‘’The largest concern from all of this, in our view, is the deliberate and coordinated re-organisation. From one side of the argument, the funds were stolen, therefore the actions were justified in returning the funds to their “rightful owners”, even if it caused some short term disruption. However, the cash like transaction finality is seen by many, or perhaps by some, as the only unique characteristic of these blockchain systems.’’
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