By Kenny - Bitcoin Expert - 29-05-2021
Red Kite, a PolkaFoundry-based Decentralised Finance (DeFi) platform, has recently partnered with UniLend (UFT). Red Kite is a multi-chain Initial DEX Offering (IDO) platform. Red Kite currently runs on Binance Smart Chain and Ethereum (ETH) and supports both of the platforms projects. Red Kite is a DeFi platform where users can access IDO tokens across multiple chains. According to Red Kite, there are possibilities of moving into Polkadot (DOT) and supporting the network's projects.
Recently, Red Kite has joined forces with UniLend to access the protocol's pooling resources which will help UniLend while also enhancing Red Kite's system. According to UniLend, Red Kite will be improving UniLend's Flash Loan feature as part of the collaboration agreement. In return, Red Kite, including all of the company's IDO projects, will be able to access all lending and loans services on the UniLend platform. The inclusiveness of Red Kite utilising UniLend's services also extends to any future IDO projects that Red Kite launches.
Reportedly, Red Kite will also further improve the liquidity on UniLend so the platform's lending pools will have more tokens with more liquidity. UniLend users who lend their crypto tokens through the pools will receive better incentives from the Flash Loans protocol. Users can buy UFT tokens, the protocol's native crypto market investment, to use for lending, governance, and voting on the platform. The two companies have stated that there will be more projects for the collaboration that is currently in progression. Investors can buy UniLend UFT on popular cryptocurrency exchange platforms like Binance and BC Bitcoin.
If you are looking to Buy and Sell UFT tokens, then you can head over to BC Bitcoin where you can safely trade 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