Incoming Cryptocurrency Trends for 2020
By Harry Biswell – Cryptocurrency Specialist
After a steady 2019, Cryptocurrency in 2020 is developing and reinventing a new community of participants. The speed at which acceptance and interest in cryptocurrency is increasing exponentially, leading many to expect this year in 2020 to be more defining for the digital currency space. In 2019, many companies, including Coinipop, entered the market. We also saw giant leaps in the blockchain technology itself, such as larger data management and encryption protocols. In 2020, many are expecting a tight focus on decentralization appreciation and overall, a positive impact on the cryptocurrency market.
Decentralized Finance
A contributing factor for many is certainly the expanding interest in Decentralized Finance (DeFi). DeFi projects now represent a value of over $650 million. It enables those investing in cryptocurrency to migrate many options that are not accessible on centralized trading platforms.
Ethereum 2.0
The Ethereum network is leading the front for decentralized blockchain projects. Ethereum 2.0 has passed its preliminary testing and we are likely to see it launch in 2020. Ethereum 2.0 will provide stability, protection for users and increase innovation possibilities.
Lightening Network
Lightening network is used on cryptocurrency networks. It has proved itself to be the most efficient and cost friendly tool for traders. It has enabled platforms such as Coinipop to deliver instant payments at low rates.
Regulatory Development
Digital assets have received much media and legislative attention in recent years. Recently, an American state passed 13 new laws permitting cryptocurrency trading and blockchain technologies.
Bitcoin investing and buying crypto are becoming more popular and a greater industry to reckon with. The year 2020 is predicted to be a pivotal year for the community and ecosystem.
Here at BC Bitcoin, we make Buying and Selling cryptocurrency user-friendly with a bespoke team of experts on hand. Visit our platform today, with your trusted Bitcoin broker.
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