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Bitcoin SV News

Bitcoin SV’s New Logo Looks (A Lot) Like The Original BTC Logo: Coincidence?

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Cambridge Experts Diverge On The “Bіtсоіn Bubblе” Quеѕtіоn

The Bitcoin SV (Satoshi Vision) altcoin is in the latest digital currency news for unveiling its new identity with a logo on the 10th birthday of Bitcoin. Not surprisingly for many, the new logo for Bitcoin SV (BSV) looks suspiciously similar to the one of Bitcoin which is the original cryptocurrency.

The pro-BSV bComm Association proudly shared the announcement in an official statement which read:

“The BSV logo is revealed on the 10th anniversary of the Bitcoin genesis block, to mark Bitcoin SV as rebirth of the original Bitcoin.”

NChain’s Jimmy Nguyen who is the president of the bComm Association said that the BSV logo was selected after conducting three Twitter polls. As he said:

“After too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan.”

The logo was promptly mocked by many on social media, and some called it a “cheap imitation knockoff” of the original Bitcoin.

According to some users, however, the new logo looks a lot like Bitcoin and some even said that it is “identical” to Bitcoin’s.

Some Bitcoin SV (BSV) proponents including Calvin Ayre think that Bitcoin SV “is the real Bitcoin” where the original cryptocurrency (which was established before Bitcoin SV) is an impostor.

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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
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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Bitcoin SV News

50 Percent Of All Bitcoin SV (BSV) Is Never Moved: Report

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NEW Bitcoin SV headquarters
A new report by the British entrepreneur and investor Alistair Milne shows that even 50 percent of all the Bitcoin SV (BSV) supply is never moved, signalling a lack of demand for the cryptocurrency.The Bitcoin SV news today also show that as the CIO of Atlanta Digital Currency Fund, Milne has rubbed a lot of salt into the wounds of Bitcoin SV (BSV) investors right on the so-called "Bitcoin Independence Day" which marks one year since the controversial fork stormed the cryptocurrency space.The fact that around 50 percent of all Bitcoin SV has never been moved signifies a lack of demand for the Bitcoin offspring. According to Milne, miners are currently in a serious predicament since them selling their dragon coins would inevitably tank the BSV price.
"Around 50% of all $BSV mined is never moved. Hoarded by miners who can't sell as it would collapse the price due to lack of any organic demand. How long can they sustain this for?," he wrote.
https://twitter.com/alistairmilne/status/1195011811843686401Meanwhile, we can see that Bitcoin SV has a flair for such price moves. While the current value of the cryptocurrency is stable, it bleed throughout the whole delisting debacle and suddenly pumped by 90% on May 21 on the news that the self-proclaimed Satoshi Craig Wright was recognized as the author of the Bitcoin white paper by the US Copyright office.Still, Milne's comments about 50 percent of all Bitcoin SV (BSV) never been moved spread like wildfire in the latest cryptocurrency news and are seen as a possible indicator of a weak momentum for the price of the altcoin.After such "organic" growth like the one the coin demonstrated this summer, Bitcoin SV remains a tickling bomb which might blow in the face of its investors any minute now. However, what's visible is that the coin does not have a use case.Back in June, for instance, news showed that a single weather app is responsible for 98% of all the BSV transactions. One thing is certain at this point - if 50 percent of the total BSV supply is never moved and if all indicators are a lie, we could see the balloon popping very soon and the price of Bitcoin SV (BSV) going lower than our expectations. 
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Bitcoin SV News

Bitcoin SV Added 12% As Bitcoin Starts Recovery Journey

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NEW Bitcoin SV headquarters
Bitcoin SV added 12 percent at a very unusual moment right when Bitcoin as one of the major competitors crashed to below $7,500 after a few weeks of stability. In today’s Bitcoin SV news, we take a closer look at the price analysis.Bitcoin SV added more than 29 percent in a single week while the rest of the market was in the red. Over the past week, BSV also posted extremely successful days bouncing off the $90 range and once again reaching triple-digit prices. The previous BSV rally above $100 happened around the birthday of Craig Wright who is one of the most vocal Bitcoin SV proponents and claimants to the identity of Satoshi Nakamoto. Whether this increase in price was a gift to Wright or a stung, the rally continued on Thursday and Friday.The Bitcoin SV network has added an interesting feature that surfaced today showing a 2.5 BSV bounty for uploading worldwide air quality data. The inclusion of data in BSV blocks is a novelty and the bounty can help build up the community. BSV also rallied in BTC terms increasing to 0.013 BTC in a growing trend. The blockchain of BSV which was basically the fork of BTC, still claims to be the real Bitcoin. Wright also threatened to wipe out BTC in just a matter of moments dumping his BTC holdings while boosting BSV.Was this rally a part of the threat? It is too early to say and BSV trades on multiple small exchanges so there is the possibility of trading manipulation. Also, it is quite possible that the fast gains will be erased in the next few days as BSV takes its turn to flash-crash. The altcoin already gathered some strength for a few days before the rally on Thursday and the reason for the jump is still uncertain.The coin dropped to a low of $81 a few weeks ago and the current gains are looking better. The Bitcoin SV mining also increased since mid-October expanding from 800 quadrillion hashes per second to 1.3 quintillion hashes which are still around 12 percent of the BTC hashrate. BSV remains one of the most successful coins that emerged from a fork keeping its presence among the top 10 assets.
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Bitcoin SV News

Bitcoin SV Retraces Below $100, BSV Is Still ‘Weekly Positive’

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NEW Bitcoin SV headquarters
The latest Bitcoin SV news show that the fork of the Bitcoin Cash (BCH) network and token created by Craig Wright has suffered a 4% drop which took it below $100. Even though the entire market dropped and lost more than $20 billion in less than 48 hours, the fact that Bitcoin SV retraces does not change much when it comes to the weekly gains.Last week, the price of the cryptocurrency BSV exploded and showed marvelous gains which weren't seen for months. BSV practically went shooting and in a range between $110 and $115, ascending to highs of $113.24 at the very close of the session. Now that Bitcoin SV retraces below $100, analysts are worried and asking themselves if the price of BSV will be dragged further below.The price action saw a ripple effect on the trading volume which saw a 44% rise in just 24 hours from $303 million to $541 million. The market cap of the digital asset also ballooned from $1.6 billion to $2 billion in the same period.At the time of writing, Bitcoin SV retraces - but is still up 17% from the same time on Monday against both the US dollar and Bitcoin (BTC). The latest cryptocurrency news also show that the trading volume is holding at $581 million in the last 24 hours while the market cap is now standing at $2 billion.When looking at the one-hour chart, we can see that Bitcoin SV retraces above the Simple Moving Averages (SMAs) was key to the tremendous gains. The 50 SMA on the one-hour chart and the 100 SMA are still playing catch up. However, they are inline to offer support in case an extended reversal occurs.We can see that Bitcoin SV has broken below the short-term accelerated trend line and is trading at $112.67. The short-term support, on the other hand, is formed at $110 while the upside is limited at $115.On the one hour chart, Bitcoin SV retraces and is still in a bearish condition. The overall market cap is still weak and is near the $200 billion mark - something we haven't seen in weeks. If the drop continues led by Bitcoin (BTC), we can expect further losses for all altcoins and the key players - the top 20 coins.
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