KuCoin have added Tronix (TRX) to their digital asset exchange platform. TRX is the native token to the Tron network, an open-source protocol for the global digital entertainment industry. Users of the KuCoin exchange will now be able to buy cryptocurrency to trade for TRX. Deposits for TRX are effective immediately as buying and selling orders became available at 19:30 and 20:00 on August 28th. Withdrawals were delayed and were not available till the 30th.
TRON has been developed for users to easily and freely publish, store and create data using blockchain. The primary function of the blockchain is to store data and information from anything the creator wishes. Text information, pictures, audios and videos can all be stored with the aim of creating a healthier entertainment ecosystem online. The decentralised protocol created by TRON provides a direct link between the creator and user without the need for an intermediary. The protocol does not censor the content and returns more of the profits back to the content creator.
Publishers of content on the Tron network may not need to buy Bitcoin or other crypto as they can get rewarded. This is because TRX is able to convert this to another crypto or fiat. TRX is an Ethereum based token. Investors initially needed to buy Ethereum or Bitcoin to make an investment in the project. The utility token is used as the means to facilitate data and information sharing on the blockchain. A publisher may choose to charge for access to their content, thus a user may be required to buy crypto to send TRX for access.
The TRON ecosystem is a step in the right direction for the next phase of content publishers and the team hopes the project will become an alternative to YouTube, Twitter or Facebook.
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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