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Bitcoin SV Flips BNB As Feud With Binance Continues

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Bitcoin SV flips

Bitcoin SV flips the Binance Coin as the feud with the popular crypto exchange Binance continues as we are reading further in the Bitcoin SV news.

BSV rallied in January and expanded its price by 50 percent and the proponents of the project even saw the project delivering something big for the coin in the upcoming months. So far, Calvin Ayre as the largest proponent of the altcoin announced the news that resulted in a pump in the price but nothing unusual happened according to the standards in the crypto space. The altcoin moved up the charts right after the pump and now Bitcoin SV flips the Binance Coin (BNB) after a busy weekend price action.

The recent developments added a lot of heat to the already heated up feud between BSV supporters and Binance after the popular crypto exchange delisted BSV in 2019 because of Craig Wright’s lawsuit campaign against the prominent crypto Twitter figures. BSV is now standing at $162 and a volume of $1.1 billion with a lot of room for growth if the traders FOMO comes back with a pump. BSV also used the low-volume trick during the weekend to pull off the work on the regaining value. During the pump, the project continued to boost the claims that Craig Wright is the only, true inventor of Bitcoin despite the many pieces of evidence that claim the contrary and who choose to support the ‘’true vision’’ of the real inventor of Bitcoin in the form of Bitcoin SV.

The asset didn’t manage to do a flippening with EOS as well that is now stagnated at around $2.62 so right now it seems that BSV stabilized over BNB which also slumped despite the charismatic effect of CZ. Bitcoin SV transactions have hosted twice as many transactions as Bitcoin in the past few months but the transactions have no guarantee of real adoption so they can be generated artificially. There are a few problems that BSV is facing that could have a huge impact on the asset’s price over the course of the year and the first one is the ongoing lawsuit against Craig Wright.

Right now, the latest court rulings have stated that the judges are giving Wright up to February because of his ‘’bonded courier’’ to deliver the final key to access bitcoins that are held in trust. If it doesn’t arrive, it could have serious ramifications on Wright’s case and the claim that he is the real inventor of Bitcoin.

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Bitcoin SV News

The Tulip Trust By Craig Wright Boosts The BSV Price By 25%

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The development of the ongoing legal dispute that involves Craig Wright has led to him submitting 428 documents to the plaintiffs and the legal counselors marked the paper ‘’Tulip Trust III’’ as confidential. The developments led the BSV price to skyrocket by 25% as we are reading further in the bitcoin cash news.The price of the altcoin surged on Friday when the self-proclaimed Bitcoin creator provided the plaintiffs the documents with details about the trust that holds billions of dollars worth of bitcoin. The legal counselors marked the Tulip Trust documents as confidential and their decision raised suspicions that Wright was involved in the mining of the first batch of bitcoin along with Dave Kleiman. The BSV-to-dollar exchange rate established a new intraday high of $150.68 and the gains happened despite the low performance across the top ten cryptocurrencies:
“I’ll probably get sh** for this, but wow, BSV kicking a$$. Up considerably from where it was just a short while ago.”
The district court in Florida last year ordered Wright to pay more than 500K in bitcoin to the Ira Kleiman, the brother of the late Dave Kleiman after they found Wright guilty of stealing the funds through forgery. The controversial Craig Wright said that he and Dave locked all of the funds in a Tulip Trust that was digitally encrypted and added further that he had no access to the Trust since all of the information about it he will obtain on January 1, 2020:
 “As I’ve explained in court proceedings, I believe I will receive information in January 2020 that will enable us to identify coins I mined into my companies in 2009 and 2010, but cannot be certain that all of that information will in fact arrive.’’
A few days before the date, Wright told Bloomberg in an interview that the bond courier was supposed to deliver him the details of the Trust, never arrived. His comments sparked criticism from the crypto users and many called him a liar and a scammer. By filing the document in the court with the Tulip Trust name, the Bitcoin SV founder raised the possibility of having information about the lost coins. If they exist, he can prove that he was indeed a part of the team that invented bitcoin.
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Bitcoin SV News

BitGo Urged Clients To Sell Their Bitcoin SV Coins, Ayre Is Not Happy

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BitGo urged its clients to sell their Bitcoin SV coins, which was not well received by Calvin Ayre the loudest supporter of the cryptocurrency. Following our bitcoin SV news today, we take a closer look at the company’s demands.The founder of CoinGeek.com, a crypto news portal, Calvin Ayre accused BitGo that they demanded $15 million to support Bitcoin SV (BSV) wallets on their platform. The 58-year old entrepreneur from Canada stated that he refused the offer made by the company and that he told them to “go f*** themselves.”Calvin Ayre also threatened BitGo in an unpolite manner if the firm refuses to support Bitcoin SV (BSV). He declared that he would make investments in some of the major competitors of BitGo in order to secure the death of the company in the long run. However, bitGo urged their clients to sell their coins shortly after they announced that it would discontinue its Bitcoin SV wallet services in effect from February the 4th of 2020. The company informed that its existing Bitcoin SV (BSV) wallets use Pay-to-Script-Hash-based (P2SH) multi-signature addresses. However, the Pay-to-Script-Hash (P2SH) outputs will be invalid after Bitcoin SV (BSV) moves through its Genesis Hard Fork on the 4th of February.BitGo stated that its Bitcoin SV (BSV) wallet users will lose the ability to receive funds. Thus the clients could either move their Bitcoin SV (SV) coins to external wallets or exchange them for Bitcoin (BTC) the biggest rival of Bitcoin SV (BSV).
 “If you continue holding BSV in your BitGo wallet after February 4th, you will only be able to sweep the wallet and most functionality will be disabled,” the company stated on its blog post.
The CEO of BitGo Mike Belshe confirmed on Twitter that Calvin Ayre was indeed asked for $15 million in order to implement the needed technical changes on their Bitcoin SV (BSV) wallets. The offer was favor according to Mike Belshe, to the team of Bitcoin SV (BSV) because the digital asset lacks business demand.
 “My biggest fear was that you might have said yes. To the contrary, it was a favor to offer to implement it at all, because there is certainly no business demand for BSV support. Team is happy to be working on more important things.”
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Bitcoin SV News

BitGo Tells Users To Swap BSV To BTC Before Hard Fork Stuns Wallet

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The digital currency management company BitGo tells users to move or convert their Bitcoin SV (BSV) funds to Bitcoin (BTC) due to a compatibility problem which was discovered recently. As the latest Bitcoin SV news show, users are somehow forced to move their BSV holdings due to a hard fork issue.A blog post published on December 18 explains this in detail, where BitGo tells users that the upcoming BSV hard fork - known as Genesis - contained a protocol change that would mean its wallets will be unable to receive transactions.The hard fork is right now set to occur in February 2020, and after this time, BitGo users will only be able to spend remaining BSV tokens and not accept incoming transactions. This event is described as "depreciation" and the company advised users to move their BSV to another wallet or sell it altogether, converting it to Bitcoin (BTC). The post summarized:
“Clients will need to take one of two actions before February 4:
  1. Contact BitGo via sales@bitgo.com to convert your BSV holdings to Bitcoin

  2. Move BSV funds to an external wallet

If you continue holding BSV in your BitGo wallet after February 4th, you will only be able to sweep the wallet and most functionality will be disabled.”
The issue with BSV right now stems from Genesis removing support for wallets that use a specific protocol which is known as Pay-to-Script-Hash (P2SH). As BitGo tells users that it uses a P2SH-based multi-signature (or MultiSig) addresses, it means that this upgrade will instantly paralyze its entire client base.BSV continues facing controversies as its price tumbles and its major proponent, Craig Wright, faces an ongoing multibillion-dollar legal battle. Launched in December 2018, the token saw an all-time high of just under $240 in June this year. Since that point, it managed to lose around 66% of its value and right now trades at a price of around $80.In the wake of a new bloodbath, we can see that Bitcoin SV (BSV) is at $80.69 with a 7% drop on the day and a market cap of $1.46 billion at press time. Almost every coin in the top 20 is dropping today, led by Bitcoin  and its recent correction to $6,700.
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Bitcoin SV News

New Bitcoin SV Headquarters Revealed In The Caribbean By Calvin Ayre

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New bitcoin SV headquarters are revealed in the Caribbean by the gambling business mogul Calvin Ayre as we are reading further in the Bitcoin SV news today.Ayre describes the new Bitcoin SV headquarters are the new home of the platform exactly there in the Caribbean. The new home for Bitcoin SV appears to have pleased Antigua and Barbuda’s government according to Prime Minister Gaston Browne describe it as the most impressive building on the island.According to the latest report in the Antigua Observer, Calvin Ayre has just opened the new headquarters in a five-story building named the Canada Place which will become a home for multiple pioneering technologies. The iGaming entrepreneurs said that the opening of the building will be on Friday. In a post to Twitter earlier today, Ayre stated that one of the pioneering technologies will be exactly Bitcoin SV.The new building is very impressive and it also has a game room, library, gym, employee lounge, and a daycare center. Calving Ayre Group media relations representative Anika Potter explained that the whole building can be run on solar energy so the employees can also park their cars on a roof parking place that will be a solar farm capable of transmitting 500 kilowatts. The Prime Minister of Antigua and Barbuda called it the most impressive building on the island for this reason and sees Ayre as a true partner of the island.Ayre described the building as a ‘’$40 million investment into the Antiguan economy.’’ The Bitcoin SV proponent says that his company plans to employ a lot of the locals during the next year and he added:
 “[I] fully endorse the government’s policy of seeking to transition from the use of fossil fuels to green energy. This magnificent complex is a symbol of this commitment to a pollution-free Antigua.”
it is a little strange why Ayre made the island of Antigua his headquarters since the nation has long offered favorable legislation for online gambling companies and Ayre had his business interests there for many years. However, it is not clear how Bitcoin SV fits into the story. Ayre described the headquarters as the ‘’new home of Original Bitcoin, BSV, in that part of the world.’’
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