By Tyler Smith – Cryptocurrency Investor
The Litecoin Pool is one of the most important mining pools for the Litecoin cryptocurrency. Users have always been able to buy Litecoin and donate to the foundation behind the project, but now The Litecoin Pool is incorporating a new setting that makes it easy for miners to show some help through donations too.
It was detailed in a tweet that the founder and managing director of the Litecoin Foundation, Charlie Lee, announced that there is now another part of the mining pool that will allow miners to send a gift that is directly linked to the Litecoin Foundation.
The reason for the gifts is to help the creation of the Litecoin Development Fund and, as Lee suggests, some miners are already donating part of their block rewards though this feature. This is automated as opposed to needing to buy Litecoin to donate to the foundation.
The Litecoin Pool is the second largest mining pool at this time. By drawing on the miners to provide for the company, the Litecoin Foundation seeks significantly more assets to advance new work and assist existing customers with greater functionality. However, it is not yet clear whether a similar utility will be offered for mining at different facilities and could be one of the only pools to offer the service at first.
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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