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Bitcoin Cash SV: Illegal Content and ‘Criminal Coins’ Will Get Zero Tolerance

  • Yuri Molchan
    📰 News

    The BCHSV ecosystem publicly announces its resentment towards illegal content and dishonest players, promising no tolerance to both


Bitcoin Cash SV: Illegal Content and ‘Criminal Coins’ Will Get Zero Tolerance
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The Bitcoin Cash SV ecosystem has declared war on illegal content on blockchain and bad players wishing to upload it.

Earlier this week, there were several reports in the media about some illegal content uploaded onto the BCHSV network after its developers made the size of the uploadable data larger.


Allegedly, a piece of that illegal content had to do with child exploitation. BCHSV developers believe that this was done in order to harm the network and its reputation, and put pressure on the crypto market.

Major news editions began calling Bitcoin Cash SV a blockchain that verifies the fact that child exploitation exists, saying the blockchain even supports it.

Early fear of publishing illegal content on blockchain

This started back in 2015, when cybersecurity experts from Interpol assumed there could be a threat of building illegal data into blockchain through transactions. Later, in 2018, researchers from Germany reported that they had found some content with child abuse on the Bitcoin Core chain. This is pretty much similar to the current case with BCHSV. However, the platform’s team has quickly responded to the problem by publishing a statement.

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BCHSV’s response

The team at once got down to work to resolve the issue. The transaction with illegal content was made at Money Button and then found by authorities on the BitcoinFiles.org website. The content was put on the black list right away, and now other portals have no access to it.

Both sites have changed their Terms and Conditions agreements, which now say that the platforms cannot be operated for writing illegal materials onto blockchains or for accessing them.

The president of the bComm Association, Jimmy Nguyen, also publicly stated that the platform will not tolerate bad players toying with illegal materials on its network.

The leader of the Bitcoin Cash SV fork, Craig Wright, has also openly spoken against all things illegal, including WikiLeaks, Julian Assange and ZCash, calling it a crime-coin, saying that all of that helps no one but criminals.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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