Recap | Bitcoin SV pumps after fake Craig Wright Satoshi news tricks Chinese investors | Bitcoin price predictions from top crypto influencers | US dollar has lost 99.99% of its value against Bitcoin
|CryptoSlate||May 29, 2019|| 5|
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Bitcoin SV surged more than 60 percent over the last few hours following a fake report that Craig S. Wright sent funds from Satoshi Nakamoto’s wallet. Fake news surrounding Bitcoin SV What appeared to be a news alert coming from Coinbull, a Chinese media outlet, had the market rush into buying Bitcoin SV.
Bitcoin, the world’s most dominant cryptocurrency, surged over 10 percent earlier this week to over $8,800. This is after the BTC price hit a low of $3,130 in December 2018.
The price of the world’s largest cryptocurrency increased by almost 170,000 percent in the past seven years, which caused the United States dollar to lose nearly 99.99 percent of its value against BTC. The trend is surprisingly similar to the behavior of Germany’s Papermark during 1920s hyperinflation.
AP Stylebook has added “cryptocurrency” to its style guide.
Top cryptocurrencies are still down a lot since all-time high.
Calvin Ayre thinks that all cryptocurrencies will be “absorbed into Bitcoin SV” at some point.
Binance announced new use cases for Binance Coin.
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