Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday's bitcoin sv price surge.
Wan posted about the fake news in a tweet on May 29.
According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin creator Craig Wright having transferred 50,000 bitcoin from the biggest bitcoin wallet in existence to cryptocurrency exchange Binance.
According to the report, the transfer would be proof that Wright is Satoshi Nakamoto and created bitcoin.
The fake report posted by Wan also claims that Binance CEO Changpeng Zhao reacted to the development by promising to re-list BSV and publicly apologize.
As Cointelegraph reported in April, Binance had previously delisted the altcoin in question, apparently because of Wright's behavior in claiming to be Satoshi.
Another Twitter user contradicted this last idea, stating that many retail investors know that some news - even when fake - can lead to a price surge and see it as a trading opportunity.
Bitcoin sv is currently the eighth-largest cryptocurrency by market cap, worth a little over $3.9 billion in total with growth of over 30% in the 24 hours to press time, according to CoinMarketCap data.
As Cointelegraph recently reported, Craig Wright has filed United States copyright registrations for the bitcoin white paper authored by Satoshi Nakamoto.
An analysis released by Cointelegraph earlier this month notes that the legal validity of Wright's copyright filings are an object of dispute.
Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge
gepubliceerd op May 30, 2019
by Cointele | gepubliceerd op Coinage
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