Poloniex to credit users with BCH balance

Poloniex exchange announces its plans on crediting users with BCH balance
04 August 2017   2277
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the leading cryptocurrency exchanges, Poloniex, announces its plans concerning crediting the users of the trading platform who had BTC in their account balance with matching BCH.

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

As Poloniex team reports, they've received several inquiries about Bitcoin Cash since the fork. According to the company, their hesitation to immediately support BCH or any other Bitcoin derivative "was and is born out of the desire to ensure the security of network operations and the safety of the users' tokens".

Now the Poloniex exchange announces its plans on crediting users with BCH balance:

We will be crediting users who had BTC in their account balance at the time of the fork with matching BCH. We expect this to occur on or before August 14th.
 

The Poloniex Team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

However, the company details that they have not yet determined if they will be listing BCH as a market on Poloniex nor can they commit to supporting BCH withdrawals right away.

The ability to withdraw BCH will depend on network stability which is completely outside of the Poloniex exchange control, the team adds. 

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   12

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.