By Kenny S - Bitcoin Enthusiast - 06-09-2021
The popularity of Decentralised Finance (DeFi) initiatives are on the rise, and many DeFi cryptocurrencies are quickly moving up the ranks. Some of the best decentralised finance crypto includes PancakeSwap (CAKE) which allows blockchain developers to exchange crypto, launch projects, and more. Fantom (FTM) offers smart contracts to blockchain developers, and Polygon (MATIC) provides a platform to support multiple DeFi protocols.
On the Solana (SOL) network, a new DeFi application is a concentrated liquidity market maker. Cyclos enables larger yields with better rates for those that invest in cryptocurrency. Cyclos also helps to pair stablecoins to help create an algorithm-less market. The DeFi project also adds other features like range orders as well as stop-loss/limit orders.
In recent news, the DeFi project joined a funding round and raised a significant amount of $2.1 million this past Friday. The newly acquired funds are said to be used to develop the first official liquidity AMM on the Solana ecosystem. Reportedly, the investment to provide a focused liquidity service to Solana is also said to bring in and offer a variety of new features. According to Cyclos spokesperson Jason O'Brien, the new features that the DeFi provides on Solana were initially unavailable due to limitations on infrastructure within the network.
Joining Cyclos in the fundraising round were Hashkey, Huobi Ventures, CMS Holdings, Solana Capital, Coin98 Ventures, Gate.io, Petrock Capital, Cryptomeria Capital, Youbi Capital, MXC, Skyvision Capital, Illusionist Group, and DigiStrats; these were a portion of the noteworthy investors who supported the funding.
If you are looking to Buy and Sell cryptocurrency, but you’re not sure what is the best website buy Bitcoin (BTC), then you can head over to BC Bitcoin where you can safely start investing today.
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