By Luke F - Cryptocurrency Broker - 15-09-2021
A popular digital asset trading platform has joined the latest fundraising round run by a smart contract company. AscendEX, a worldwide crypto exchange platform that offers staking, margin, and derivatives trading, has entered a new investment round. While AscendEX is large in its own right, as it collaborates with various industry-leading investment partners, it sees plenty of potential in Sovryn.
Sovryn is a decentralized finance (DeFi) project known as the first Bitcoin (BTC) native application. It was initially built for Bitcoin DeFi protocols; the platform has no transaction limits and offers an extensive range of trading assets. Sovryn is a smart contract-based system that allows for permissionless Bitcoin lending, margin trading and borrowing.
Sovryn is a large DeFi Project designed to integrate decentralized finance to the most significant crypto coin giant in the investment market, Bitcoin. The integration of the DeFi smart contract onto the Bitcoin platform has proven to be a significant step forward for the first cryptocurrency. The DeFi application has agreed to a $9 million investment proposal from a group of partners, including the global company to exchange crypto, AscendEX.
The AscendEX team is devoted to assisting Sovryn in serving the ever-expanding digital asset ecosystem and is more than happy to join Sovryns latest funding round. AscendEX is also listing Sovryn (SOV) to its cryptocurrency trading platform. Aside from being the first Bitcoin application, it's notably also known for being one the fastest growing ecosystems in the Bitcoin network.
If you are looking to Buy and Sell cryptocurrency, but you’re not sure where to buy Bitcoin (BTC), then you can head over to BC Bitcoin where you can safely start investing 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