People are debating whether they should be investing in cryptocurrency now when the crypto market is going through a global massacre, which can be felt in all corners of the market. The Tomb (TOMB) and Tomb Shares (TSHARE) networks are two of the largest Fantom digital assets that have been heavily damaged by the negative market. To be more specific, TOMB, a cryptocurrency pegged to the price of Fantom (FTM), has been under peg for several days.
TSHARE, a digital asset in the TOMB network, has also seen its price drop by more than half. TSHARE is currently trading at a low of $7.5K, down from a high of $20K in recent weeks. Indeed, this is a price performance that has the potential to propagate FUD within the company's network, including its investors.
This prompted DeFi Signals, a Twitter user who posts market updates, to respond in a tweet.
The present state of the TOMB network was revealed by DeFi Signals' tweet. "$TSHARE is down by more than 50%. For several days, the price of $TOMB has been below the peg. Is $TOMB's end approaching?
TOMB and TSHARE, on the other hand, aren't the only crypto assets that have been hit by the bear market. When the market falls below $35k, Bitcoin, the king of crypto assets, also falls to its knees. This price performance of BTC shows a fall rate of more than -22 percent, a level that some investors dislike, but others see it as a good opportunity to buy bitcoin through trusted BTC broker that offers cheap cryptocurrency.
Tomb Finance is currently placed sixty-fourth in the Fantom network's TVL rankings at the time of writing.
If you are considering buying bitcoin and cash out crypto, 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