Ed D - Crypto Investor 09-07-2022
The crypto market is gradually regaining its footing after a 48-hour period of deep red. Following Russia's invasion of Ukraine, the globe and the whole crypto assets market were rocked yesterday. The price decline in Bitcoin (BTC) sparked fear and conjecture that the market would never recover.
Surprisingly, Bitcoin and other cryptocurrencies have made considerable gains in recent hours.
Cryptocurrencies' current market capitalization is $1.71 trillion, down almost $200 billion in the previous 24 hours.
Ripple (XRP) is one of the cryptos that has made a strong comeback to profitability. At the time of writing, XRP was up 8.78 percent and was trading at $0.693. Despite this, the XRP market is down 12.25 percent and continues to push for a $1 price, which may come sooner rather than later.
Avalanche (AVAX) is another coin that has piqued our interest, since it just climbed the CoinMarketCap rankings to reach the top 10 most valuable cryptocurrency. While the Ripple family was still relishing the moment, it all came crashing down to the eleventh. Despite this, AVAX has risen 11.94 percent in the previous 24 hours and might be on the verge of a major spike following its price adjustment.
It's still up for debate whether the global crypto to crypto market will survive the storm of several political events. Most of the best cryptocurrencies, according to some expert cryptocurrency review, says it may continue to struggle to break even in 2022. One even predicted that the next major surge for Bitcoin and other digital currencies would occur in 2023.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards