The Cryptocurrency Markets Receive An Injection Of Almost $15bn In Two Days
By Tyler Smith – Cryptocurrency Broker
The cryptocurrency markets have seen a sizeable amount of investment recently from the 17th February to the 19th as almost $15bn has entered this burgeoning market. This is an increase from $120bn to almost $135bn of 12.5% suggesting an appetite for crypto buying. Though the markets have increased, Bitcoin has only an 8.22% increase in this same period, suggesting more willingness to buy altcoins.
Throughout 2019, most of the major cryptocurrencies have gained momentum despite the markets currently sitting at a decline of 85% from the all-time high. Bitcoin rallied from around $3,650 to around $3,950 in this 2-day period but has struggled since breaking past $4,000 temporarily. The daily trading volumes for Bitcoin also increased from an average of $6bn to almost $10bn in the same period meaning more are buying and selling Bitcoin.
The cryptocurrency markets have gained positive momentum and interest so far during 2019 furthering their legitimacy. Big financial institutions have started to build infrastructure to support the assets. JP Morgan are reportedly developing a cryptocurrency called the JPM coin for international settlement and potential use in securities transactions. Regular users won’t benefit from buying crypto with this coin as the Blockchain is to be private. Fidelity investments and NASDAQ are other financial institutions building on the industry as fidelity are to introduce their Bitcoin custody services and NASDAQ to release indices tracking the assets.
Technology companies are also getting involved in the space and building infrastructure. Samsung are developing a blockchain-enabled S10 phone and a new comer to the smartphone market, Sirin Labs with the blockchain-enabled Finney phone. Both able to buy crypto and subsequently store on the device.
With so much development unfolding in the crypto industry we are sure to see more incentive to buy crypto UK for further adoption. Don’t miss out if you are looking to buy BTC by heading over to our platform!
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