Craig Wright-Founded Bitcoin SV Loses Ground To Apex Crypto As It Hits Record Low

Bitcoin SV (CRYPTO: BSV), a spinoff of Bitcoin (CRYPTO: BTC), known as Satoshi's Vision, has witnessed a massive drop in its value against Bitcoin.  What Happened: According to data from LunarCrush , BSV is currently trading at 0.0011 BTC per BSV, its lowest-ever level.

Timeline of Bitcoin-sv

Craig Wright, who calls himself the inventor of Bitcoin, was unsuccessful in defending his Bitcoin copyright suit in a court in the United Kingdom. According to the report, Wright had asserted that variations on the Bitcoin concept, such as Bitcoin Cash, violate his intellectual property rights.

Bitcoin Satoshi Vision [BSV] has gone through what can be considered an unexpected downward trend in price recently. Investors' assets had over 5% of their worth erased within 24 hours due to the occurrence.

One miner on the Bitcoin Satoshi Vision (CRYPTO: BSV) network is in total control of the hard fork, mining empty transaction blocks to capture over 80% of the BSV hashrate. The developer of the BSV network is an Australian computer scientist named Craig Wright who claims to be Satoshi Nakamoto , the pseudonym used by the creator of Bitcoin (CRYPTO: BTC).

Bitcoin SV has launched “Blacklist Manager,” enabling miners to freeze lost or stolen tokens “to comply with court orders” and assist in asset recovery. The post Despite Tornado Cash fiasco, Bitcoin SV launches ‘Blacklist Manager' tool appeared first on CryptoSlate.