CJ - Cryptocurrency Enthusiast
The introduction of Ordinals NFT has divided the Bitcoin community, but a new layer-2 solution is seeking to bring unity to the network as it faces new horizons.
Bitcoin has emerged as a leading contender for a global currency, with a market capitalization, liquidity pool and infrastructure that are unrivalled. Its long-term benefits have made it a staple in the portfolios of industry giants and some small nation-states, regardless of market conditions. The DeFi space is eager to tap into Bitcoin's liquidity pool, but the lack of native compatibility with other blockchains has made it difficult.
Several projects have tried to work around this issue, but most rely on token bridges that are too vulnerable to serve as a gateway to Bitcoin liquidity. As DeFi struggles to find a solution to this problem, Bitcoin holders want their Bitcoin investment to reach their full potential without adding vulnerabilities or relying on a centralized third party. Using the base layer of the Bitcoin blockchain for anything other than P2P fund transfers has triggered mixed reactions from the Bitcoin community.
Despite these concerns, some users have published contracts with Bitcoin script and even created non-fungible tokens and retro computer games using the Ordinals protocol. However, not all Bitcoin OGs are on board with using the blockchain in this way. They argue that the base layer is not optimized for anything other than P2P fund transfers.
A potential solution that addresses the Bitcoin community's concerns about blockchain congestion without introducing new vulnerabilities or relying on third-party custody is needed. Mintlayer, a layer-2 solution rooted in the established network of the Bitcoin blockchain, aims to provide a credible answer for all parties.
Buy Bitcoin No Limit by visiting a BTC broker called BC Bitcoin.
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