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Will the Real Nakamoto Please Stand Up?

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Bitcoin SV

Bitcoin SV

One of the most interesting events in the crypto sphere in the New Year has been the strong gains that have been generated by cryptocurrencies like Bitcoin SV (BSV). One pattern that can be discerned from the recent gains in BSV is the fact that it followed one of the two conscientious Bitcoin hard forks.

While most of the other cryptocurrencies traded flat, BSV managed to gain as much as 45% over the course of the past 24 hours. It goes without saying that it has given rise to a lot of speculation with regards to the price action.

Key Drivers

One of the most popular theories that have been put forward by market watchers is that Craig Wright may have gotten hold of the final set of documents that could prove that he was indeed the founder of Bitcoin, Satoshi Nakamoto. The documents in question are known as the Tulip Trust documents, and it has been claimed that Wright is going to submit those documents next week at a court hearing. The court hearing is related to the case between Wright and the late David Kleiman’s estate. Kleiman used to be Wright’s business partner, and this speculation has resulted in a major rally in Bitcoin SV.

This is a crucial development in the case and is particularly important since the judge gave Wright until February 3 to produce the documents. In a court order on January 10, the judge explained, “Given the Defendant’s many inconsistencies and misstatements, the Court questions whether it is remotely plausible that the mysterious ‘bonded courier’ is going to arrive.”

>> Telegram Hit By New SEC Evidence Showing Token Trading After ICO

The possibility of Wright getting his hands on these documents has created a lot of speculation, and much of it is being played out in the Bitcoin SV price action. It remains to be seen what goes on during the court proceedings next week.

Bitcoin SV has soared over 145% since the beginning of the new year.

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Bitcoin SV Delisted from Binance Amid Craig Wright Controversy

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Bitcoin SV

Bitcoin SV

One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright.

Bitcoin SV

Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on April 22nd. It will continue to support BSV withdrawals, however, until July 22nd.

Binance CEO, Changpeng Zhao (CZ), first threatened the move last week. It came after Wright attacked several Twitter users who said he is not the person behind the pseudonym Satoshi Nakamoto.

Nakamoto

Wright has claimed for many years that he is Nakamoto; however, his claim has been challenged many times over and is widely disputed.

For those who don’t know, Satoshi Nakamoto is considered the creator of Bitcoin. However, exactly who this person or persons is/are remains a mystery. Over the years, several prominent names have been suggested including Elon Musk—who denied the claim.

Twitter Attacks

In recent weeks, Wright has been attacking Twitter users. Amongst these is hodlonaut—the creator of the Lightning Network ‘Torch’. Specifically, Wright placed a bounty on hodlonaut’s identity after he claimed that Wright is not Satoshi.

Binance’s announcement earlier today said that the exchange “periodically review[s] each digital asset we list to ensure that it continues to meet the high level of standard we expect.”

Standards include a team committed to the project, developmental activity, network and smart contract stability, and public communication, among other things.

>> Bitcoin Remains Stable: Crypto Market Capitalization Hits New High

While the exchange alludes that delisting Bitcoin SV is a responsive decision for not meeting Binance’s standards, it is believed that this is only partially the reason. Many assume the coin is being delisted mainly due to Wright’s Twitter attacks.

Following the news, CZ has cemented the latter belief with a series of Tweets in which he refers to Wright as “a fraud.”

Hodlonaut has not been the only victim of Wright’s wrath. The latter has sent legal cease-and-desist letters to other individuals such as Peter McCormack for saying that he is not Satoshi.

Bitcoin SV: Price Plunges

The news has rocked BSV price, which has plunged only hours after the announcement was made. The coin has already shed almost $100 million from its market, with the price below $65 now, down from over $70 earlier today.

Whoever said the cryptocurrency sphere wasn’t a drama-fest?

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Bitcoin SV Soars 80% | Wright Files “Proof” That He’s Nakamoto

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Bitcoin SV

Bitcoin SV

The top ten cryptocurrencies are all in green boasting moderate gains. For example, Ethereum is up 2% and Bitcoin Cash up 4.38%. Leading coin by market value, Bitcoin, is 1.75% in the green, nearing $8,000 USD per coin—much to the excitement of the bulls. However, its hard to ignore the not-so-moderate gains that Bitcoin SV is sporting just outside the top ten.

In eleventh place in terms of market cap, the hard-fork of a hard-fork is up a whopping 79.57%.

The rise is attributed to Bitcoin SV’s founder, Craig Wright, and a poignant move he just made to “prove” he is Satoshi Nakamoto—the original Bitcoin creator.

Bitcoin SV Is Up 80%

Earlier today the controversial figure filed copyright registrations for the Bitcoin whitepaper and the early Bitcoin code with the US Copyright Office.

But his move has already been lambasted, with many in the community considering another fraudulent claim.

For example, Jerry Brito of CoinCenter, pointed out on Twitter, that anyone can register a copyright claim. Doing so still isn’t proof of ownership and neither is recognition by the US Copyright Office itself.

He goes on to say:

The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.

Wright has been claiming since 2015 that he is the creator of the world’s largest cryptocurrency. He has, however, been continuously unable to provide hard evidence that confirms it.

As such, he has been slammed across the industry with names such as “fraud” and “Faketoshi”. In response, he has launched a series of lawsuits against those who have doubted him or publicly denied his claims.

However, this caused further industry backlash and led Binance CEO Changpeng Zhao to delist Bitcoin SV from his exchange platform.

Industry Speculation

The debacle will continue and all the while, we still remain unsure who is the real person or persons behind the pseudonym, Satoshi Nakamoto.

>>Bitcoin Price Jumps Again, Now Above $8K Mark

Is he telling the truth? Who could possibly know?

What do you think about Wright’s filing? Do you believe him? Are you shocked to see Bitcoin SV up 80% in response?

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