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Bitcoin SV [BSV] supporters should learn how private keys work, tweets CZ; Twitterati call out ‘hypocrisy’

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Bitcoin SV supporters should learn how private keys work, tweets CZ; Twitterati call out 'hypocrisy'
Source: Pixabay

Community support continues to mount for Hodlonaut and Peter McCormack after notable luminaries from the cryptospace took a stance against Craig Wright, the allegedly self-proclaimed Satoshi Nakamoto, and Calvin Ayre. Binance CEO, Changpeng Zhao aka CZ, also extended his support to Peter McCormack, after the latter responded to the notices issued by Wright and Ayre’s lawyers.

Calling Wright a fraud, CZ tweeted,

“The real Satoshi can digitally sign any message to prove it. This is as simple as breathing for him/her. And we have the pub key. Until then, everyone is Satoshi, except Craig Wright!”

According to the CEO, supporters of BSV’s technology should oppose Craig Wright as he is “poisoning” the community. He also stated that Wright’s supporters should “learn” how cryptocurrency and private key work.

While many on the platform applauded CZ for his stance, a few users criticized him. He had previously declared that he did not “choose sides” with respect to technology and instead, let the market do that. CZ’s latest tweets and his threat to delist BSV appeared to contradict his previous statement. Expressing a similar sentiment, John Carvalho, Bitrefill’s CCO, commented,

“Why do you list is fraud coin then?”

CZ’s reaction came after Peter McCormack tweeted his reply to the letter issued by the BSV proponents. McCormack declined to apologize for his remarks, claiming that he had 15 lawyers who were willing to represent him. He maintained that he solely intended to protect investors from investing in BSV tokens, which, in his opinion, was “not Satoshi’s Vision”.

Support also poured in from cryptocurrency maximalist and Morgan Creek’s Anthony Pompliano, who called him McCormack a “legend”.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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