Oyster is launching its Mainnet

The Oyster team has delayed the release if the Mainnet due to the technical complications in April and the launch is scheduled on May 29
28 May 2018   1967

Back in April, the Oyster team has decided to postpone the Mainnet launch until May 29. The reason for the delay was due to the fact IOTA did not implement the Tangle features on time. The Tangle is supposed to be the backbone of the Internet-of-Things and provide Swarm Intelligence and sharding for the whole system.

Sharding is essential for the Oyster Mainnet because the Oyster protocol will serve large-scale redundant file storage. As the main Tangle lacked the sharding, the Oyster development moved to a private Tangle. This move resulted in re-architecting the backend already provided by the Oyster testnets.

Oyster is building a unique platform for anonymous decentralized storage and plans to revolutionize the way websites monetize their content. The Oyster Mainnet will involve the use of real funds. At the moment of publication, the Oyster market parameters are as follows:

Average price 0.547023 USD
Market cap 42,649,702 USD
Volume (24H) 548,263 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.