By Mark - Cryptocurrency Professional - 04-01-2022
In recent news, crypto market investment Woo Network (WOO) had seen a 25% increase after a Binance Lab announcement. The price to buy WOO crypto token went from $0.92 to $1.15 on the same day. Reportedly, the sudden growth in buying Woo Network coins is due to Binance announcing that they had invested around $12 million into the crypto company. Binance Labs is the company's native investment sector and was the department that invested in Woo Network's series A+ funding round on behalf of the significant crypto exchange.
In the initial announcement, the cryptocurrency exchange platform, Binance, had invested during the Woo Network's funding round in November 2020 and has only recently finished. In total, the funding round had raised about $30 million from investors worldwide. Some investors to mention that participated in the fundraising event were BitTorrent, Crypto.com Capital, Avalanche, QCP Capital, PSP Soteira Ventures, Three Arrows Capital, and Gate Ventures.
According to the liquidity and trading platform Woo Network, the company will use the funds to further expand its network by hiring talented workers. Reportedly, the Woo Network also plans on producing new products, research, and development in the decentralised field.
Woo Network is a liquid crypto exchange developed by a cryptocurrency firm Kronos in 2019. The exchange provides a variety of services to a variety of customers. Woo Network's services include liquidity, trading, and yield generation. The platform serves a wide range of customers such as other exchanges, Decentralised Finance (DeFi) projects, traders, and institutions.
If you are looking to Buy and Sell WOO Crypto, then you can head over to BC Bitcoin where you can safely start trading 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