According to the latest rumors in the market, there are 2 Bitcoin forks about to get launched, Bitcoin Uranium and Super Bitcoin
Bitcoin forks have been one of the biggest controversies of crypto market, on 1st August when Bitcoin cash was launched, there were some rumors and misconceptions about the first ever fork of Bitcoin, after all the efforts Bitcoin cash launched with focus on easier and faster transactions, launch was successful and community accepted the fork
But after the launch of first Bitcoin fork, there were rumors in the market there are many forks about to get launch, Bitcoin gold has been one of them, many exchanges were skeptical about adding Bitcoin gold in their product offerings but at the end major exchanges accepted this fork as well, According to the latest news in the market Bitfinex, one of the major exchanges has listed Bitcoin Gold.
Failure of Segwit2x Fork
According to the New York agreement, Bitcoin community agreed to launch Bitcoin Fork segwit2x in November but later on they decided again it, making price of Bitcoin to pump and then crash in few hours.
According to the latest rumors in the market by the programmer community is that there are 2 forks waiting for Bitcoin, one of them is Bitcoin Uranium and the other one is Super Bitcoin, their names sound’s comical, although there is absolutely no official thing about both of them but we can’t rule out the possibilities as programmers are talking about it on major Bitcoin discussion platforms like Bitcointalk.org , If this happens, it would be interesting to see how market reacts to both of these.
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share