Naris – Cryptocurrency Enthusiast
In a surprising turn of events, FloorDAO, a crypto group dedicated to Crypto Portfolio Management and NFT finance, has undergone a major split due to discontent among its FLOOR token holders. The dissatisfaction stems from the group's inability to deliver on its promises, ultimately eroding trust within its investor community.
FloorDAO's primary objective was to pioneer the concept of "NFT-Fi," where NFTs could be utilised as collateral for financial products - an important aspect of Crypto Portfolio diversification. However, the group struggled to maintain the value of its FLOOR token, failing to meet the expectations of its supporters and, as a result, encountering challenges in Crypto Trading Strategies.
This, in turn, led to mounting opposition among investors before the anticipated V2 upgrade. Frustrated BTC broker and Cryptocurrency Broker customers holding Crypto Portfolio positions in FLOOR tokens demanded an exit strategy from the DAO, emphasising the significance of having Secure Cryptocurrency investments. FloorDAO made the pivotal decision to divide into two distinct entities: NFT Focus and FloorkDAO, aiming to safeguard investor interests and enable more flexibility in Crypto Buying.
At present, the FLOOR token is trading at $3.85, marking a slight 0.84% decline in the past 24 hours. However, it's worth noting that the trading volume remains unspecified - something that diligent Crypto Portfolio Management emphasises. Unfortunately, vital details such as the market cap and maximum supply of the FLOOR token are currently unavailable, which may raise questions among those interested in Bitcoin Investing.
As a significant development, FloorDAO also allocated $2.5 million of its treasury to the splinter group, FloorkDAO - an intriguing move for those looking for Over The Counter Bitcoin options. This step underscores the commitment to preserving the interests of its investor base amidst the turbulent transition.
The future remains uncertain for Crypto Portfolio Management, NFT Focus, and FloorkDAO, but this split signals a critical moment in the crypto space. It remains to be seen how these entities will navigate the challenges and regain the trust of their respective communities, making this a Latest Cryptocurrency News highlight worth following closely.
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