By Mark L - Cryptocurrency Investor - 01-09-2021
Cardano (ADA) recently released a new scheme designed for ethical hackers. The new program is a bug hunting plan that reaches out to white and grey hat hackers who can freely hack the Cardano system. The reason for the latest bug-hunting launch is for Cardano to test its security system and to patch any holes within the network. By utilising hackers, Cardano will be able to discover any technical flaws that they were unable to find internally.
Cardano is a public decentralised blockchain platform with a Proof-of-Stake (PoS) consensus. The platform is able to facilitate peer-to-peer transactions by utilising its native crypto coin ADA. Users can buy Cardano ADA to use it as a secure exchange of value without a third party. Crypto investors can buy ADA at popular cryptocurrency trading platforms.
The Cardano Foundation published a blog post to say that they are teaming up with HackerOne, a security firm for hackers to set the bug hunting plan in motion. The company is asking for hackers to help the Cardano network discover its overlooked and unseen flaws within the system to help build the most reliable and secure blockchain available. According to Cardano, teaming up with the hacking firm will help build security and public safety for its stakeholders. HackerOne provides companies with a large network of ethical hackers that are from the US Department of Defense.
If you are looking to Buy and Sell Cryptocurrency, then you can head over to BC Bitcoin where you can safely purchase and sell Cardano 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