Cypherfunks is swapping to Soniq

Decentralized crowdfunding platform Cypherfunks will undergo a swap on June 1 and become The Soniq
22 May 2018   1652

A decentralized global band crowdfunding initiative The Cypherfunks that uses cryptocurrency and collaboration is going to swap to Soniq. Soniq is going to be the skills exchange platform with the world's largest pool of music creatives and experts. The swap will start on June 1 and end on August 1. During this period owners of FUNK are eligible for the conversion into SONIQ token.

After the swap begins, a special Swap Platform will be made available to users. After an email registration, the users will receive an address where they will send their FUNK funds. These funds will be marked as unusable, and as the swap ends the users will receive the corresponding amount of SONIQ token.

The SONIQ funds will be transferred to the Ethereum address provided by users. The swap ratio is as follows:

At the moment of publication, The Cypherfunks market characteristics are as follows:

Average price 0.000033 USD
Market cap 1,578,265 USD
Volume (24H) 673 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.