Bitcoin SVBitcoin SV BSV news

Price, 24h
53.25 USD / 0.00991700
-1.94% / -1.96%
Volume, 24h
68,161,929 USD
89.48%
Marketcap
952,976,896 / 0.56%
Emission
85%
Chart price/vol/NIS 7d
Asset details

World latest news

Bitcoin Cash and Bitcoin SV fall prey to massive shorts

Poloniex released a short report on traders’ trend on the exchange for three cryptos namely, Bitcoin Cash [BCH], Bitcoin SV [BSV], and Ethereum Classic [ETC]. The blog released by Poloniex stated, “Now Poloniex customers can trade on margin (all with BTC as the base pair and at 2.5 times leverage) the following: EOS, ATOM, BCHABC, BCHSV, ETC, XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID, and CLAM.” The blog further stated that the recent surge in trading was ignited by the feud between Craig Wright and the crypto community, prompting many exchanges to follow Binance’s lead in delisting BSV. Additionally, the blog stated that users took the opportunity to overwhelmingly short BSV. Furthermore, the blog added, “It’s unclear what’s driving people to short Bitcoin Cash. See the results below, all with BTC as a base pair, for the percentage of long vs. short positions as of April 24, 2019.” Additionally, the blog posted a chart that showed the correlation between the short and long for Bitcoin Cash, Bitcoin SV, and Ethereum Classic. Source: Twitter | Poloniex The chart showed that ETC was largely longed, while the same didn’t apply to BCH and BSV. Bitcoin Cash was tremendously shorted in comparison to Bitcoin SV, the chart indicated. A Twitter user, @daudi_mitchell, commented, “Interesting that folks are shorting BCHABC, by all means short BCHSV to ground… Probably we can see some trading opportunities in BCHABC and BCHSV For some reason, I keep getting sign out everytime i log in to Poloniex, its annoying, probably you can look into it” The post Bitcoin Cash and Bitcoin SV fall prey to massive shorts appeared first on AMBCrypto.
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BITCOIN SV Price Prediction Today: Daily (BSV) Value Forecast – April 25

The short and medium outlook is in the downtrend. A minor pullback may occur but the bears remained in control. BSV/USD Medium-term Trend: Bearish Supply zones: $90, $100, $120 Demand zones: $50, $40, $30 BSVUSD is in a downtrend in its medium-term outlook. The strong bearish pressure broke through $54.00 in the lower demand area […]
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Bitcoin SV Partners with The Honest Men? Ayr United FC Sponsored by BSV

Bitcoin SV (BSV) is the new shirt sponsor of Scottish football team Ayr United FC, after Calvin Ayre’s CoinGeek announced a partnership with the club. Although the […] The post Bitcoin SV Partners with The Honest Men? Ayr United FC Sponsored by BSV appeared first on Hacked: Hacking Finance.
Hacked

Ayr United Announce Sponsorship With Bitcoin SV (BSV): the Original Bitcoin

LONDON, April 25, 2019 /PRNewswire/ -- Ayr United are having a season to remember and now look forward to a new branding and a new season with the Premier League now a genuine target. As the current season draws to a close and with the play-offs for the Premier League very much in their sights, it is an exciting time at the club. New sponsor, Bitcoin SV, are planning to help The Honest Men in the final push for the Holy Grail of Premier league football either via the play-offs over ...Full story available on Benzinga.com
Benzinga

Bitcoin SV [BSV]: Calvin Ayre-backed Coingeek article claims Binance is involved in ‘criminal operations’

Bitcoin SV [BSV], the BCH hardfork, and Binance, the largest cryptocurrency exchange in the world, have been at loggerheads since the exchange delisted Satoshi’s Vision last week. It looks like their dispute isn’t over yet, with Coingeek, the BSV mouthpiece, reporting that Binance plays a part in “criminal operations,” citing several sources. Calvin Ayre, one of the spearheads of Satoshi’s Vision project and his acquired crypto-media house, Coingeek, recently released an article titled, “Binance ‘most likely involved in criminal operations’: report,” detailing the exchange’s misgivings in terms of exchange volumes, in light of recent reports that indicate the same. The main source credited by Coingeek was a recent video by Chico Crypto, spelling out fake volume and wash trades based on the groundbreaking Bitwise Asset Management report. According to the report, only ten exchanges reported “real volume,” with Binance being one of them. However, among the ten exchanges, Binance was the only exchange that was neither registered as a Money Services Business [MSB] under the Financial Crimes Enforcement Network [FinCEN], nor had a BitLicense, the regulatory license required to operate in the state of New York. The Bitwise report also highlighted [which Coingeek did not shed light on] the lack of market surveillance tools employed by Binance. It should be noted that such tools were not incorporated on bitFlyer, Bittrex, itBit and Kraken either. The report stated that this tool can “help detect market manipulations such as spoofing and wash trading through the real-time and historical analysis of trades, order books, and other market information.” Coingeek backed Tyler Swope, the host of Chico Crypto’s, who posed the critical question to the exchange, “If Binance has nothing to hide and their volume is real and they’re not doing anything illegal, why wouldn’t they get both of those?” Binance has had a prominent history of jumping through hoops to avoid regulation. Moving from China to Japan and now, to Malta in search of their regulatory paradise. Also, the exchange is pushing the boundaries to avoid working with banking institutions, even chiding fiat support. The exchange instead, opts for Tether [USDT] as a base pair, despite the top stablecoin reportedly not being backed one-for-one by US Dollar reserves. Another key issue highlighted by Binance’s critics was the lack of KYC and money laundering policies implemented by the exchange. In light of this, the exchange partnered with IdentityMind, a risk management firm to shore up its security policies. This indicated self-regulation over imposed regulation, to the larger cryptocurrency community. The other report cited by Coingeek was the “Market Surveillance Report” for April 2019 by Blockchain Transparency Institute [BTI]. The report suggested that Binance and Bitfinex had “over 10% wash trading.” However, BTI added, “Binance’s top volume pairs are also largely clean as we suspected, however, market makers and bots are taking advantage of around 30 pairs on the exchange. We have found Binance to be about 85-90% clean depending on the day.” The top crypto-exchange was “unverified” by BTI, at the time of writing the report and hence, presented no “major red flags.” Interestingly, what Coingeek failed to mention was BTI’s December 2018 “Exchange Volumes Report” that identified only two exchanges that were not “grossly wash trading their volumes,” Binance and Bitfinex. The two exchanges had 100 percent real volume, while exchanges like HitBTC and Huobi had under 27 percent. Source: BTI BTI’s Exchange Volumes Report stated, “Most of these pairs’ actual volume is under 1% of their reported volume on CMC. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex.” Additionally, a report from The Tie analyzed cryptocurrency exchanges’ expected volume with their reported volume and suggested that Binance’s volume was 78.82 percent, placing it in the category of “Low Potentially Fake Volume.” OKEx, which recently partnered with RelayX’s Jack Liu to launch FloatSV ,a “Bitcoin SV based exchange,” accounted for 5.94 percent of “Expected to Reported Volume,” suggesting “High Potentially Fake Volume.” Despite the above, Coingeek reiterated Swope’s concluding comments, stating, “Binance has many things to hide and will never get regulatory approval because they are most likely involved in criminal operations.” Further, going by Calvin Ayre’s comments, Bitcoin Cash [BCH] advocate and Bitcoin.com CEO Roger Ver is also a part of this Binance “scam.” Ayre stated the same, citing “industry rumor.” His tweet read, Source: Twitter This line of reporting from the Calvin Ayre-backed media house comes as no surprise, given the feud between the BSV camp and Binance over the past few weeks. Binance triggered a delisting landslide for BSV, following Ayre’s legal charge against those who disputed Craig S Wright’s “claim” of being the real Satoshi Nakamoto. The post Bitcoin SV [BSV]: Calvin Ayre-backed Coingeek article claims Binance is involved in ‘criminal operations’ appeared first on AMBCrypto.
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Bitcoin SV (BSV) news by Finrazor

HIGHLIGHT

Binance Launches Testnet of Decentralized Exchange

The world’s largest cryptocurrency exchange, Binance announced the launch of Binance DEX testnet. Binance DEX is said to be secure and scalable – with a block interval of one second. User account registration is now open. Testnet went live on Wednesday morning, 20 February 2019

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DIGEST

If you think that the passion after the ВСH fork has evaporated — you are greatly mistaken, because now we are dealing with consequences. Reddit community is actively talking about the benefits/harms of the fork, so you have two options: watching or becoming an active commentator

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Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.
AMBCrypto

Bitfinex: $850M Lost Tether ‘False Assertion’

Following the New York Attorney General’s accusations of a $850M cover-up by Bitfinex, the company has issued its response. Binfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.  The Cover-Up Claims According to the NY Attorney General’s claim, Bitfinex lost $850 million of customer money. This had been sent to, and seized by payment processing firm, Crypto Capital Corp. The allegation goes on to say that Bitfinex used cash reserves from affiliated stablecoin, Tether, to cover the shortfall. The AG, Letitia James, claims this ‘loss of funds’ and movement of reserves was not disclosed by operator of both Bitfinex and Tether, iFinex. Therefore, it had “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.” At press time, the price of USD Tether 00 has fallen bellow its $1 peg. Meanwhile, its stablecoin competitors such as USD-Coin 00  and TrueUSD 00 are now trading at a slight premium. This suggests that investors are likely swapping their tethers  to avoid any further surprises. Worth noting, Bitcoinist reported yesterday that the supply of tethers has reachd an all-time high. ‘Bitfinex and Tether are Financially Strong’ Bitfinex responded today by claiming that the AG’s filings: …were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. It claimed that these funds were not lost, but had “been, in fact, seized and safeguarded,” and it was actively working to get those funds released. It went on to chastise the AG for not doing more to aid and support its recovery efforts. Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office. The Double Standards Caitlin Long pointed out on Twitter, that even if the allegations were true, the NY AG was guilty of double standards. From 2009-12, Merrill Lynch, according to the SEC: commingled customer funds, used them to cover its own obligations, & had it failed its customers would have been exposed to a “massive shortfall in the reserve account.” Which is essentially what the AG is accusing iFinex of. But whilst the SEC dealt with the Merrill Lynch case without causing panic and customer withdrawals, the move by the AG has sparked just that for iFinex. 7/ So…#NewYork did good investigative work here but needs to be called to task on why the double standard, and why the "gotcha" approach? Why not do the same to #WallSt firms when they play similar shell games??? — Caitlin Long (@CaitlinLong_) April 26, 2019 She also urged exchanges to clean up their acts regarding transparency and proof of solvency, to avoid such situations. The Problem? The Attorney General’s filing, asserts that the Tether funds were extended as a line of credit, over three years, with a 6.5% interest rate. An iFinex share charge, of 60,000,000 shares, secured the loan. Entrepreneur and commentator, Alistair Milne, Tweeted the situation rather succinctly, concluding that, as long as “Bitfinex trades profitably, no problem.” TL:DR the Tether/Bitfinex news:Bitfinex have borrowed ~700mil from TetherBitfinex pay a 'fair' interest rate on this loan60million shares in Bitfinex were pledged as collateralIf CryptoCapital release the USD, no problemIf Bitfinex trades profitably, no problem — Alistair Milne (@alistairmilne) April 25, 2019 Which brings us back to transparency and disclosure. If iFinex told customers and investors about this alleged ‘seizure’ and ‘loan’, then would they now have a problem? And is the AG’s ‘gotcha’ approach really warranted in any case? Is the NY Generaly Attorney acting in ‘bad faith’? Share your thoughts below! Images via Shutterstock The post Bitfinex: $850M Lost Tether ‘False Assertion’ appeared first on Bitcoinist.com.
Bitcoinist

New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
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