NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Bitcoin SV (BSV) Held as Reserves, Miners Selling May Undermine Prices

Published 11/15/2019, 04:51 AM
Updated 11/15/2019, 06:21 AM
© Reuters.   Bitcoin SV (BSV) Held as Reserves, Miners Selling May Undermine Prices
BTC/USD
-
BCH/USD
-

Bitcoin SV (BSV) may be boosted by loyal miners, which hold onto the coins. According to reports, as much as 50% of the block rewards have been kept in storage.

https://twitter.com/alistairmilne/status/1195011811843686401

BSV, the asset that branched from Bitcoin Cash (BCH) almost a year ago, went on to split as a new type of coin. The network relies on the loyalty of miners, which are supposed to provide the hardware and readiness to propagate extremely large blocks.

BSV currently trades at $126.17, remaining relatively stable. The asset has reached above $532 million&rsq...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.