{"id":7854,"date":"2020-01-20T20:04:08","date_gmt":"2020-01-20T18:04:08","guid":{"rendered":"https:\/\/forklog.media\/?p=7854"},"modified":"2020-01-21T16:35:22","modified_gmt":"2020-01-21T14:35:22","slug":"opinion-bsv-may-look-more-like-joke-but-theres-more-to-it","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opinion-bsv-may-look-more-like-joke-but-theres-more-to-it\/","title":{"rendered":"Opinion: BSV May Look More Like Joke, but There\u2019s More to It"},"content":{"rendered":"

Craig Wright is undoubtedly a famous if not notorious figure in the crypto-industry. The entrepreneur has been involved in several notable controversies and is one of the most polarizing celebrities for the crypto-community.\u00a0<\/span><\/p>\n

Bitcoin SV, a Bitcoin fork headed by Craig Wright and Calvin Ayre, is a similarly polarizing phenomenon.<\/span><\/p>\n

The last few days were quite busy for Wright, as he was litigating over a case involving a stash of 1.1 million BTC they mined together with David Kleiman.\u00a0<\/span><\/p>\n

While the case is an important story in its own right, it might have also affected the recent BSV price surge that had been unexpected to many, considering the negative publicity.<\/span><\/p>\n

On January 14th, the price of BSV <\/span>started rising<\/span><\/a>, reaching the level of $450 per coin on some exchanges. For comparison, in December 2019, BSV was worth around $70.<\/span> Yet, as soon as Craig Wright has been proven to have no access to the stash, BSV <\/span>plunged<\/span><\/a> and is currently remaining below $300.<\/span><\/p>\n

forklog.media editorial board was sent an insightful article on the matter, providing certain unintuitive and potentially unpopular opinions. Below you will find the text with a few corrections concerning wording.<\/span><\/p>\n

Experts Say Price Run Is Caused by Calvin Ayre Buying His Own Coin<\/strong><\/h2>\n

Obviously, it\u2019s not the \u201cmass adoption\u201d we’ve been waiting for that was pumping BSV price. Classically, the prices are manipulated heavily by crypto-whales.<\/span><\/p>\n

Some experts even <\/span>advised<\/span><\/a> traders to ignore the price moves of BSV. It appears that the majority of the volume came from a few shady exchanges without strict KYC\/AML policies, presumably conducting wash trading.<\/span><\/p>\n

Next, there are visuals provided by @jronkain. A large portion of the BSV trading occurs on Bibox, Exx, and CoinTiger, as well as on Bithumb. Since BSV is listed on 17 exchanges, the trading activity presented by Bibox, Exx, and CoinTiger may be fake.<\/span><\/p>\n

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I just leave this here and anybody who can read and understand will get the message. pic.twitter.com\/pRrMfBL9Yv<\/a><\/p>\n

— jvr\u26a1\ufe0f (@jronkain) January 14, 2020<\/a><\/p><\/blockquote>\n