As Bitcoin celebrates the tenth anniversary of the Bitcoin genesis block, bComm [Bitcoin Commerce] Association revealed an updated logo for Bitcoin SV [BSV]. This new logo according to CoinGeek, was to mark Bitcoin SV, as a rebirth of Bitcoin. The Bitcoin commerce association undertook three rounds of Twitter polls to design the new logo that reflects the coin’s roots.
BSV, which was the result of a hard fork of Bitcoin Cash [BCH], has been claiming to be the true Bitcoin ever since. The proponents believe that Bitcoin SV works on the route of Satoshi’s Vision, a pseudonym used to identify the founder of Bitcoin. The publication talked about the vision of BSV, which is to restore the original Bitcoin protocol while keeping the coin stable and allowing it to scale.
Bitcoin SV proponents, Calvin Ayre, and Craig Wright have been propagating scaling of blocks for a long time and haven’t left any stone unturned in doing so. The community is aiming to make the coin a new currency used by people and make it a global public blockchain upon which major enterprises can build on.
The publication mentioned the following message conveyed by the new logo of BSV.
“• The B symbol is cleaner and stands upright rather than tilted forward or backward.
• “Bitcoin SV” characters also stand upright.
• “Bitcoin” begins with a capital B, rather than lower case.
• “SV” appears in superscript – reflecting Satoshi Vision as the way forward, while keeping emphasis on the name Bitcoin.
• The design color uses “dragon gold”, honouring the dragon logo of the Bitcoin SV full node implementation which birthed BSV.”
The bComm Association is a dedicated association for Bitcoin SV that brings developer, merchants, exchanges, miners, and others together. It supports SV “as the only stable, scalable blockchain”. The founding President of bComm Association and a part of nChain, Jimmy Nguyen said:
“Today marks 10 years since the birth of the Bitcoin blockchain, and this date has more importance now than ever. After too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan.”
“The new BSV logo represents this pivotal moment for Bitcoin to grow up. In the spirit of Satoshi Vision, we are especially thrilled that BSV supporters around the world chose this logo after multiple rounds of online polling in a new paradigm of decentralized marketing.”
The association urged the global Bitcoin ecosystem to adopt the new BSV logo, even though it is a decentralized cryptocurrency system. The founding President added:
“The Bitcoin SV Node is now the reference implementation for the BSV protocol. To differentiate the full node implementation from the BSV cryptocurrency, the Bitcoin SV Node team at nChain intends to keep its dragon logo for the time being.”
“Occupying the 5th position in the Chinese zodiac, the dragon is the mightiest of the signs. It symbolizes leadership, ambition, good fortune, energy, and independence – perfect qualities for a reference implementation to lead Bitcoin to its destined world-changing future.”
75916|Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted as payment options by global technology solutions provider
Avent, a leading global technology solutions provider, announced that they would be accepting Bitcoin [BTC] and Bitcoin Cash [BCH] for their goods and services, as a mode of payment on their platform. The news comes after Switzerland’s largest e-commerce company, Digitec-Galaxus AG, announced the acceptance of Bitcoin, Ethereum [ETH], XRP and a few other altcoins for payments.
Like most platforms, Avent is enabling Bitcoin payments via BitPay, the largest Bitcoin payments service provider. Sunny Trinh, the Vice President of Demand Creation at Avent said,
“We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it”
The blog post stated that developers were “looking for flexibility,” when launching products in the market. It added that this particular announcement would give their customers “more convenient” options to complete their transactions.
The announcement further stated that when a customer chooses to check-out with Bitcoin or Bitcoin Cash as their payment option, Avent and BitPay would collaborate on verifying the funds, processing their order and completing transactions. In the future, they will also be able to enable cryptocurrency payment requests outside of the United States, on a country to country basis.
Sonny Singh, COO of BitPay said,
“As one of the largest global technology solution providers on the Fortune 500 list, Avent is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments.”
He further stated,
“Not only is paying with bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avent will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”
75844|Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims
The Bitcoin Cash [BCH] hard fork that occurred on November 15, 2018, captured multiple headlines with many marking it a major event in the field of cryptocurrencies. The hard fork is the one that resulted in the split of the BCH blockchain to give birth to two different cryptocurrencies: Bitcoin Cash [BCH] and Bitcoin SV [BSV].
The fork was dominated by two camps, the Bitcoin ABC team led by Roger Ver and Bitmain’s Jihan Wu while the Bitcoin SV was led by nChain’s Craig Wright and Calvin Ayre. Post the fork, Ver and Wu were both sued by United Corp, an American management company who claimed that the ABC camp including popular cryptocurrency exchange Kraken, had flouted rules and regulations to benefit from the fork. The initial lawsuit said:
“The defendants [Bitmain, Bitcoin.com, Roger Ver and Kraken] collectively engaged in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders.”
The lawsuit was refuted by the alleged parties, citing lack of evidence and bogus claims. Following this, UnitedCorp has filed a new opposition to dismiss in its lawsuit. The company challenged the defendants to explain their actions under oath and stated that they will pursue discovery by way of deposition or under subpoena of the defendants.
The latest lawsuit made it the first antitrust action brought in the United States that involves the cryptocurrency industry. The new release from the company said:
“Miami‐based United American Corp announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant’s Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the “Defendants”). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019.”
UnitedCorp also specifically pointed out to Bitmain’s usage of the Overt ASICBoost as a method to enhance Bitcoin ABC’s version of the fork. The company further stated that the firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by the Roger Ver owned Bitcoin.com. The lawsuit also added:
“UnitedCorp alleges that these activities are evidence of not only a violation of the accepted standards and protocols associated with Bitcoin since its inception, but a violation of US antitrust laws including parts of the Sherman Act.”
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