Ethereum Classic, Litecoin, and Bitcoin Cash experienced significant gains as XRP set a new all-time high after seven years, sparking speculation of an impending altcoin season. Akshat Vaidya, CIO of Maelstrom, noted early signals of altcoin momentum but cautioned that Bitcoin dominance remains above 60%. Ethereum Classic led the rally with a 20.3% surge, though it remains far below its 2021 peak. Litecoin and Bitcoin Cash also climbed, driven by historical liquidity and investor familiarity. The rally follows XRP’s legal progress with the SEC and the U.S. House passing the GENIUS Act, a pro-crypto stablecoin framework. Analysts attribute the market rebound to institutional engagement and favorable policy shifts.
about Old-School Altcoins Surge as Altseason LoomsBitcoin SV
0 posts last weekUK Court Dismisses $13.3B BSV Lawsuit Against Binance
The UK Court of Appeal dismissed the majority of a $13.3 billion class action lawsuit against Binance and other exchanges, rejecting the argument that Bitcoin SV (BSV) would have appreciated to Bitcoin’s level had it not been delisted in 2019. The court ruled the ‘foregone growth’ theory speculative and unsupported by legal precedent, aligning with a prior Competition Appeal Tribunal decision. The lawsuit, brought by BSV Claims Limited, alleged market harm from the delisting of BSV, a token tied to controversial figure Craig Wright. The court also rejected the ‘loss of chance’ argument, noting damages could not be based on hypothetical scenarios. While the ruling narrows the case significantly, smaller claims related to immediate losses post-delisting may still proceed. BSV’s price fell 13% amid ongoing legal and market challenges.
about UK Court Dismisses $13.3B BSV Lawsuit Against BinanceUK Court Rejects $11.9B BSV Investor Claim Against Exchanges
The United Kingdom’s Court of Appeal has partially dismissed an $11.9 billion lawsuit filed by Bitcoin SV (BSV) investors against major crypto exchanges, including Binance. The investors alleged that the exchanges conspired to delist BSV in 2019, depriving them of potential profits. However, the court ruled that ‘sub-class B’ investors—those holding BSV during the delisting—were not entitled to speculative damages based on hypothetical growth. The judgment emphasized that investors had opportunities to mitigate losses, rejecting claims that BSV could have rivaled Bitcoin or Bitcoin Cash. This ruling sets a precedent for future crypto-related litigation involving delistings and damages.
about UK Court Rejects $11.9B BSV Investor Claim Against ExchangesUK Court Dismisses $13.3B Binance Lawsuit Over BSV Delisting
The UK Court of Appeal dismissed the bulk of a $13.3 billion class action against Binance, rejecting BSV investors’ claims that the token would have reached Bitcoin-level prices if not delisted in 2019. The court ruled the ‘foregone growth effect’ theory was speculative and unsupported, emphasizing investors’ duty to mitigate losses by selling in an open market. While the largest claims were dismissed, smaller cases—such as those from investors who lost access to BSV or sold at a loss—may still proceed. The judgment upheld the Competition Appeal Tribunal’s earlier decision, applying the ‘market mitigation rule’ and narrowing the lawsuit, which also targets Kraken, ShapeShift, and Bittylicious. BSV, created by Craig Wright (whose claim to be Satoshi Nakamoto was recently dismissed), remains a contentious asset in crypto legal battles.
about UK Court Dismisses $13.3B Binance Lawsuit Over BSV DelistingBSV Investors Seek $13B in UK Binance Delisting Case
Bitcoin SV (BSV) investors are appealing to the UK Court of Appeal to revive a claim that Binance’s 2019 delisting caused long-term financial losses, potentially exceeding $13 billion. The plaintiffs argue that BSV was denied growth comparable to Bitcoin due to anti-competitive behavior. The Competition Appeal Tribunal previously dismissed the ‘loss of chance’ argument but left the broader case intact. If successful, this could become the UK’s first crypto collective action under competition law. Separately, Binance faces heightened US regulatory scrutiny, with senators questioning its political ties post-2023 guilty plea. The case’s revival briefly boosted BSV’s price by 15%, reflecting market optimism.
about BSV Investors Seek $13B in UK Binance Delisting CaseBSV Investors Revive Lawsuit Against Binance Over Delisting
BSV investors have revived a lawsuit against Binance after the UK Competition Appeal Tribunal initially rejected their claim. The plaintiffs argue that Binance, Kraken, and ShapeShift’s 2019 delisting of BSV caused up to £10 billion in losses, with a judge suggesting potential missed growth of 3,600x. While the legal battle continues, BSV is expanding its market presence, listing on Coinstore to target the Philippines and announcing Latin American expansion plans. However, BSV’s legal team faces challenges, including a lack of concrete evidence to support their claim that BSV is Bitcoin’s legitimate successor. Despite legal hurdles, some analysts remain optimistic about BSV’s price potential, forecasting $117 by 2025 and $163 by 2030.
about BSV Investors Revive Lawsuit Against Binance Over DelistingSecuring and Earning with Bitcoin SV Strategies and Best Practices
Bitcoin SV (BSV) offers users various ways to earn passive income, including lending, liquidity provision, and tokenized asset investments, despite not utilizing traditional staking. Security is paramount; users should store seed phrases offline, enable two-factor authentication, and choose appropriate wallets, such as hardware for long-term storage and software for accessibility. Engaging in BSV applications, DeFi, and NFTs requires careful research to mitigate risks and maximize returns in a rapidly evolving digital landscape.
about Securing and Earning with Bitcoin SV Strategies and Best PracticesJudge Questions Return of Seized Funds from Bitfinex Hack Case
A federal court is deliberating on the US government’s request to return funds seized from the 2016 Bitfinex hack to the exchange. Judge Colleen Kollar-Kotelly raised concerns that returning the 94,643 Bitcoin could improperly reduce the forfeiture order against the accused money launderers, Ilya Lichtenstein and Heather Morgan, who have pleaded guilty and are facing prison sentences. The judge has asked for clarification from prosecutors by February 4 before making a decision.
about Judge Questions Return of Seized Funds from Bitfinex Hack Case