By Ed D - Crypto Investor 07-07-2022
Can Cardano's (ADA) price rise above $1 again? As April approached, ADA's momentum broke after a significant spike on March 29, 2022, to about $2. This week, Cardano has been on a losing run for the third week in a row.
Furthermore, the downturn is a result of the crypto market structure, which is influenced by broader commercial issues such as China's COVID-19-related lockdowns, the low price of Bitcoin, and the war in Ukraine and the ensuing economic penalties; and even the US Federal Reserve's hawkish stance.
Despite the overall crypto market's performance, Cardano continues to acquire investor trust and retains its position in CoinMarketCap's top ten cryptocurrencies. Making it more attractive to trade crypto.
The Cardano ecosystem continues to flourish, according to Tim Harrison, IOG Marketing and Communications Director, with over 500 projects currently BuildingOnCardano — ranging from NFT collections to DeFi loans and new wallets. “Thanks to the whole IOG team for continuing to push the platform forward. It's been an amazing journey to get here. And congratulations to the creative, dedicated group of builders who have pushed our project this far. We're only getting started here, you know. The IOHK and Cardano development teams are working on the Vasil hard fork upgrade.” In terms of technical development, Cardano is one of the most active networks in space. Creating a safe place investing in cryptocurrency and crypto to crypto trading.
According to IOHK and Cardano Founder Charles Hoskinson, the Vasil hard fork will significantly enhance Cardano's performance making it one of the best cryptocurrency in the space. In addition, John Woods, the Director of Cardano Architecture, stated that the hard fork would take place on June 29, 2022. With the Vasil hard fork, Cardano's price is likely to rise beyond $1.
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