Dave - Bitcoin Specialist
The Federal Reserve increased interest rates by the anticipated 75 basis points, which made the market pessimistic. The Federal Open Market Committee predicted that the Federal Funds Rate will reach 4.4% in 2022 as a result of rising inflation.
Additionally, Fed Chairman Powel reaffirmed the Fed's commitment to reducing inflation, supporting the worry of the cryptocurrency market.
The crypto market value increased to a high of $919.4 billion before falling to $859.2 billion in response to the rising rates, political choices, and economic initiatives. However, inflation also affects other markets, such as the NASDAQ 100, which fell by 1.79%. The Vasil Hard Fork countdown has also started as of today, diverting attention away from the Feds and onto Cardano, with the market anticipating a rise in ADA's price. However, despite encouraging news in the run-up to the hard fork today, ADA has suffered its third loss, falling 2.26% to $0.432 from its peak of $0.524 in September.
39 exchanges that have finished modifications and are ready for the hard fork are among the updates from the ADA Hard Fork Mass Indicators. Additionally, the Vasil node is currently producing 98% of the mainnet blocks. Top Cardano dapps by TLV have also said that they have tested and are prepared for the Vasil Hard Fork. Added updates The New York Court has this week ordered Tether (USDT) to provide balance sheets, income statements, ledgers, and other financial data in response to the Terra crash.
Finally, Sam Bankman-Alameda Fried intends to repay a $200 million loan in exchange for $160 million in collateral from Voyager Digital. Among the several businesses vying for Voyager's assets is Binance and the prosperous business of Bankman-Fried, FTX.
As the market is always ever-changing, people are always looking for tops or bottoms, but most people miss it, since they do not consider the option of investing in cryptocurrency on a regular basis. If you think now is the right time to invest your time and money in crypto, you should check out a trustworthy crypto broker – BCBitcoin. Here you can manage your funds with a team which is always ready to help you, buy and sell cryptocurrency, swap crypto, read articles about the newest crypto events, and find various guides for different wallets and cryptocurrencies.
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