The co-founder and former Chief Technology Officer [CTO] of Blockstream Bitcoin Core [BTC], Gregory Maxwell is seeking legal relief against Bitcoin Cash proponent and the Chief Executive Officer [CEO] of Bitcoin.com, Roger Ver, over a libel.
The said legal relief will be sought by Maxwell on the grounds of the libelous accusation made by Roger Ver on Reddit, reported Coingeek. In the subreddit r/Bitcoin, Ver claimed that Maxwell “may have been involved with the hacking and vote manipulation false flag ‘attack’”. Ver went ahead and called Maxwell “a crook.”
Maxwell did not take Ver’s statement lightly, and sent a response to Ver stating,
“As I previously warned, if you or your staff continued to post untruthful malicious defamation about me I would take legal action against you and your companies.”
“I see you have again posted an outrageously untrue claim that I engaged in unlawful and unethical behavior, relying on your privileged position as moderator of the subreddit to fraudulently convince others of the truthfulness of these untrue claims.”
Maxwell did not stop at that and warned the CEO of Bitcoin.com to retain all records and communication related to him. Maxwell concluded the note by saying:
“I regret that [it] has come to this, but your continued violence against me offers me no alternative.”
According to the publication, Maxwell offered assistance to Dr. Craig Wright and nchain. In a mail, Maxwell wrote that he understands how Roger Ver, Rick Falkvinge, Olivier Janssens, and Jihan Wu have been “attacking you in public and trying to distance BCH from you.” Maxwell further added that all of them previously believed in Wright as per his knowledge. Maxwell continued in the mail stating:
“The cracks created by Peter Rizun and his staff seem to be widening at an exponential pace and are now starting to encompass people (such as the above) that previously couldn’t be convinced by any argument to align against you. It seems to me that it is simply a matter of time before a forceful public denunciation by someone previously cited as proof of your merit, such as Gavin, brings things crashing down around you.”
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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