By Mark L - Cryptocurrency Professional
In recent news, on social platform Twitter one particular account, known as "Whale_Alert", has spotted an unusual statistic. The account noticed that there has been an overwhelming number of transactions for one altcoin across three major platforms that allow users to exchange crypto. The crypto asset in the spotlight is none other than XRP and it has seen nearly $157.7 million tokens transacted across multiple platforms. The crypto asset has become popular as many investors trade, buy, and sell XRP.
According to the Whale Alert team, the transactions occurred over the last 9 hours. At the time of writing, the total amount of XRP transacted is equivalent to $147,334,103, divided amongst the three exchanges. More information was provided by Whale Alert and another on-chain analytics tool known as Bithomp, showing further statistics regarding the transactions. As of this moment, three separate transactions have been revealed to the public. The three transactions were for 20,215,222 XRP, 60,000,000 XRP, and 77,516,150 XRP.
Reportedly, it was Binance that made the 77.5 million XRP transaction from Bybit exchange. Binance then transferred 60 million XRP to the Huobi exchange. In addition, 20.2 million XRP that was left were sent straight from Bitstamp to be transferred to BitGo.
Ripple has sent a staggering 100 million XRP to its own wallets, in addition to the other transactions previously mentioned. As reported by the Whale Alert team, the firm has since delivered 3 million XRP tokens out of the 100 million to one of China's largest cryptocurrency exchange platforms. Furthermore, alongside the recent transaction, the Huobi exchange has also received an additional 1,542,780 XRP.
If you are looking to Buy and Sell XRP, then you can head over to BC Bitcoin where you can safely trade crypto 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