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Blockchain is one of the traditional toilet tanks believes many Brits

Srijana Dey

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Blockchain one of the traditional toilet tanks - majority of the Brits believe
Source: Commons Wikimedia

Inty, an award-winning pioneer in the distribution of Cloud services, conducted a survey in Britain where they asked a bunch of people about terms related to cryptocurrencies such as blockchain or cryptography. According to the survey, Britain’s knowledge of cryptocurrency or any other related technical terms is very poor.

When asked about cryptocurrency, about 38% thought that it was related to funeral finance. In addition, a strong 41% believe that blockchain is one of those traditional toilet tanks with a pull chain.

Due to this, Inty published a dictionary called ‘Techionary’ for an easier understanding of technological terms. The dictionary even has a dedicated page that says that the reason behind this is the speed at which the technology is growing, along with its ever-growing names and acronyms.

Henry Cowell, a crypto-currency investor says:

“This is totally false. Every other person I’ve encountered so far knows what cryptocurrency is. How can a majority portion of the kingdom be ignorant of the word cryptocurrency espically when Bitcoin is booming across the globe.”

Dave McCallen, a crypto-trader by night and a software engineer by day says:

“No wonder Britian is going down the drain. Their golden era is done. First the news of Brixit and now this poll. This is an evidence that the country no longer has a clue about what’s happening in the world and the revolution we are stepping into.”

Kenneth Sebastian, a Bitcoin trader says:

“Couldn’t they have thought of anything apart from toilet tanks and funeral finance? I mean funeral finance is the best they could get.”

Josephine Taylor, a crypto-evangelist says:

“I find it hard to belive this. There must be more to this. I mean Britian can’t be lagging this behind in terms of technology. They should probably question more 2000 people and then we can talk”





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Altcoins

Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump

Biraajmaan Tamuly

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Source: Pixabay

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%.

Source: CoinmarketCap

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.

Source: Trading View

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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