Musicoin to Upgrade With Hard Fork

The Musicoin hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March
28 February 2018   4229

Musicoin is created for both musicians and listeners. Its musical economy empowers listeners to freely participate via various value-added services that it has built and is actively building on top of the platform. Moreover, the Musicoin Blockchain ensures each musician receives the most competitive industry compensation, instantly and automatically, for each stream of music.

On February 27, Musicoin has announced that it plans to upgrade with blockchain hard fork, aiming to support enhanced security and more efficient transactions. The hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March.

Once enabled, the hard fork should both reduce risks of replay attacks and enable users to securely store their assets with the Ledger Nano S and Trezor hard wallets and MyEtherWallet.

Our blockchain team has developed a perfect plan for this hard fork to enhance the infrastructure of the whole MUSIC economy. Following our 1.0 and 2.0 releases, this upgrade would mark a new start to wider adoption of this currency and MUSIC economy.

Isaac Mao

Founder, Musicoin

Musicoin’s blockchain team reported that it has completed all of the necessary tests, and is ready to release the upgrade of the software toward this hardfork. As for the moment of press, 2053684 blocks of Musicoin have already been generated.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   82

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.