BitcoinSV Investors Eye BSV's 'Rising Trend' as Binance Lawsuit Resumes

# Bitcoin SV (BSV) Sees Modest Price Increase Amid Revival of $13 Billion Lawsuit Against Binance Bitcoin SV (BSV) investors have reignited a $13 billion lawsuit against Binance, claiming long-term financial harm from the exchange’s 2019 delisting of the token. This legal development has triggered a modest rally in BSV's price. As of 11:20 a.m. on the 12th, Bitcoin SV was trading at $41.69, up 4.54% over the last 24 hours, according to CoinMarketCap. The token has increased by roughly 13% since news of the lawsuit resurfaced on October 8, indicating a positive market reaction despite its prolonged downward trend in the broader cryptocurrency market. # Legal Battle Over Delisting Resurfaces On October 8, investors filed a claim with the UK’s Competition Appeals Tribunal, alleging significant financial losses from Binance’s 2019 decision to delist BSV. The plaintiffs argue that the lower court erred in dismissing claims of "loss of chance," a legal principle involving lost potential earnings due to the delisting. The plaintiffs’ legal team asserts that Binance’s actions reduced market liquidity for BSV and diminished investor interest. Consequently, investors are seeking compensation of £10 billion (approximately $13 billion) for their alleged losses. Since the announcement of the legal action, BSV’s price surged past $41, gaining nearly 13%. However, these short-term gains do little to reverse the long-term decline in the token’s value, as well as its reduced network activity and computing power. # From Bitcoin Cash Hard Fork to Legal Headwinds Bitcoin SV emerged as a hard fork of Bitcoin Cash, aiming to restore Bitcoin’s original vision as purported by its supposed creator, Satoshi Nakamoto. However, the token has faced significant challenges, including repeated 51% attacks, where a malicious miner gains majority control of the network's hash power to manipulate transactions. These attacks have compromised the blockchain’s security and stability, eroding user trust and impeding network scalability. BSV’s struggles extend beyond technical vulnerabilities. The token has failed to attract new developers and users, and its market capitalization has been surpassed by more prominent digital assets. Both institutional and retail investors have shown limited interest, raising doubts about its long-term viability. # Controversies Surrounding Craig Wright and Exchange Delistings The controversy around Bitcoin SV intensified in April 2019 when Binance announced the delisting of BSV, citing concerns over its founder, Craig Wright. Wright, who claims to be Satoshi Nakamoto, Bitcoin's pseudonymous creator, has not provided verifiable cryptographic evidence to support his claims. Changpeng Zhao, Binance’s CEO at the time, publicly warned that BSV could face delisting if Wright did not substantiate his claims. Following Binance’s lead, several major exchanges also delisted BSV, significantly reducing its market visibility and increasing barriers to trading for investors. The ongoing disputes involving Wright have further tarnished BSV’s reputation within the digital asset community and among institutional players. As skepticism mounts, so do concerns about the token’s long-term viability in the competitive cryptocurrency space. The revival of the lawsuit marks another chapter in the tumultuous history of Bitcoin SV. While the short-term price gains reflect investor optimism, BSV continues to grapple with fundamental challenges that cast doubt on its survival in the volatile world of digital assets.