The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin SV Blasts Ahead of Litecoin, Tether and Bitcoin Cash to Become Fourth-Largest Cryptocurrency

by Daily Hodl Staff
January 15, 2020
in Bitcoin

Bitcoin SV (BSV) is now the fourth-largest cryptocurrency by market capitalization, after a turbulent day sent its value skyrocketing against the US dollar, up more than 100% at its peak on Tuesday. Its price, which hit an 24-hour high of $441.20 on Tuesday, subsequently plunged by nearly $100.

The massive surge in value comes amid new developments in the lawsuit against Craig Wright. The Australian computer scientist and self-proclaimed creator of Bitcoin is one of the biggest supporters of BSV, and he now says he can access a massive trove of Bitcoin holdings.

Wright is being sued by Ira Kleiman, brother of Wright’s deceased business partner David Kleiman, for the alleged misappropriation of more than one million BTC that was once held jointly by the two business partners. Wright responded that the cryptographically locked Bitcoin, which requires a private key to unlock, was inaccessible.

US judge Beth Bloom gave Wright until February 3rd to access about $9.2 billion worth of Bitcoin which Wright said was locked in a “Tulip Trust,” an encrypted document that holds the keys to the BTC that Wright and Kleiman mined together.

Wright claimed a “bonded courier” who possessed the keys that could unlock the encrypted Tulip Trust would arrive this month, and on Tuesday, he filed a notice of compliance stating that the third party had indeed provided him with the information he needed to unlock the file. Wright also claims he has provided Kleiman’s side with a list of his Bitcoin holdings.

In a counter filing, the plaintiffs expressed their lack of satisfaction with Wright’s list.

Say Kleiman’s lawyers,

“The document produced by Craig is simply a list of 16,404 addresses. Craig, however, did not provide any information on the bounded [sic] courier, the company he/she worked for, when he/she came, or the message delivered. 

Plaintiffs request they be provided with seven (7) interrogatories about the courier that Craig must respond to in ten (10) days. Plaintiffs will then use those responses to seek discovery from the bonded courier and his company. In the interim, Plaintiffs are having their experts review and analyze the list.

Plaintiffs expect that they will be ready to depose Craig after this discovery occurs, in early March.”

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Smelov

Submit a Press Release

Industry Announcements

  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
  • Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App
    November 22, 2023
  • De.Fi Sold Out $5 Million Round, OKX, Binance and Coinbase Directors Among Investors – The Sale Is Still Open
    November 20, 2023
  • Sleek, the Web 3.0 Social Network, Raises $5 Million To Power the Ownership Economy
    November 17, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,145.22
$38,145.22
2.95%
Ethereum
$2,060.44
$2,060.44
2.54%
Cardano
$0.38613
$0.38613
3.69%
XRP
$0.612355
$0.612355
2.02%
Dogecoin
$0.080857
$0.080857
4.71%

Spotlight

  • Bloomberg Analyst Says Crypto at the Start of Upswing Which Will Last ‘Many Years’ – Here’s Why
    November 21, 2023
  • Macro Indicators Suggesting Bitcoin Rallies Just Getting Started, According to Ex-Goldman Sachs Executive
    November 21, 2023
  • Billionaire Ray Dalio Warns US at Inflection Point Where Enormous Debt Could Witness Acceleration – Here’s Why
    November 21, 2023
  • Crypto Analyst Calls for Ethereum To Massively Underperform Against Bitcoin, Says Now Is Not the Time for ETH
    November 21, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl