BurstCoin to undergo a Hard fork

The second hard fork by BurstCoin is scheduled for block 500,000 and will take place on June 14
29 May 2018   1087

BurstCoin's second hard fork will be executed on June 14. The first one took place in March. The activation block is set at 500,000 block. Official name of the upcoming hard fork is Pre-Dymaxion Hard Fork. Earlier, a FluxCapacitor was added to the code base to manage the activation of the features.

The hard fork is going to enable:

  • PoC2;
  • dynamic fees;
  • more transactions per block;
  • multi-out transactions

These changes will ensure the increase of on-chain transaction capacity and improve the overall scalability of the coin. In perspective, the new coin will be able to serve a market at least one order of magnitude bigger that it could before. At the moment of publication, BurstCoin parameters are as follows:

Average price 0.022740 USD
Market cap 44,185,524 USD
Volume (24H) 312,885 USD

Authorities to Study Bankrupt QuadrigaCX

Canada Revenue Agency sent a request for access to the tax info from Oct. 1 2015 to Sep. 30, 2018
18 September 2019   43

The Canadian Revenue Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports.

CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

At the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.