The price of Bitcoin SV (BSV) rose by around 50% over the past 24 hours. Trading activity is concentrated on Upbit, the largest South Korean exchange.
Supported by the “self-proclaimed Satoshi” Craig Wright, the asset sits at No. 54 on CoinGecko’s ranking. BSV is not listed on major trading venues such as Binance and Coinbase.
Bitcoin SV emerged in 2018 during the Bitcoin Cash (BCH) hard fork, which split the network into competing blockchains.
Despite widespread cancellation and fierce criticism from many in the crypto community, in early 2020 BSV climbed to fourth in the CoinMarketCap ranking. In February of that year, Bitcoin SV underwent a hard fork.
In August 2021, the Wright-supported project’s network was subjected to a 51% attack.
In May, the self-proclaimed creator of digital gold filed a suit against Coinbase and Kraken, accusing the cryptocurrency exchanges of trading “fake” Bitcoin.
In September, Upbit conducted operations with fake Aptos tokens.
For the first six months of 2023, the South Korean platform was subjected to 159,061 hacking attacks.