Bytes of the Month
Issue 1 November 2018
Welcome to BC Bitcoin’s first weekly newsletter. Every week we shall be bringing you some of the latest news going on in the Crypto space from the movement of the top coins to some of the most influential events. Be sure you look further to ensure you don’t miss any of the latest most informative news.
BC Bitcoin Monthly Crypto Giveaway!
To celebrate our first newsletter BC Bitcoin is having a Crypto giveaway of 6000 Electroneum (ETN). All verified accounts are automatically entered into our giveaway, but you can follow us on Twitter for double the chance of winning! We will be announcing the winner on Friday 30th November through our Twitter page so make sure you are following us!
Price | 24hr % Change | 1 Week % Change | 1 Month % Change | |
Bitcoin | £3393.81 | -3.51% | -21.91% | -32.77% |
Ripple XRP | £0.32 | -6.21% | -12.99% | -11.19% |
Ethereum | £96.92 | -7.05% | -29.20% | -39.30% |
Bitcoin Cash | £157.12 | -10.59% | -48.17% | -54.47% |
Stellar | £0.14 | -7.48% | -24.64% | -25.69% |
Monthly Winners & Losers
Price | Monthly % Change | |
Patron | £0.03 | 83.57% |
Factom | £7.07 | 63.30% |
ProximaX | £0.004 | 10.16% |
Metaverse ETP | £0.87 | -60.08% |
Bitcoin Cash SV | £38.81 | -57.36% |
Fantom | £0.006 | -50.94% |
*All Values Taken from the 23.11.2018 @ 10:00am & Excludes Stablecoins.
*Excluding Daily Trading Volumes of Under £250,000.
BC Bitcoin News
Crypto Radar Listing
You can now find BC Bitcoin on Cryptoradar’s comparison site with all the big names in the crypto space you may recognise so make sure you check it out.
Electroneum Listing
Electroneum (ETN) has now been added to our sell listings allowing you to create your orders to sell ETN through our platform so go ahead and explore that today.
Top News of the Month
Swiss Exchange to Bring ETF Tracking Cryptocurrencies
Switzerland's regulators have given the go ahead to introduce an Exchange Traded Product (ETF) brought by the Amun Crypto Exchange tracking multiple Cryptocurrencies. Half of the ETF will be invested in Bitcoin while the rest will be distributed between Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC). This will be the first ETF to enter the market going live on the SIX exchange abiding all traditional regulations applicable to ETFs. You can find the ETF reported on CNN
Stellar Partners with Blockchain for the Largest Airdrop to Date
The largest airdrop to date is coming to the users of Blockchain.com. Any user can claim their free stellar and be entered for additional giveaways by registering their email address at the following link. https://www.blockchain.com/getcrypto. The promotion is to drive adoption for the upcoming support of Stellar XLM in the Blockchain Wallet. This announcement could have generated a rally as stellar has recently overtaken EOS to become the 5th largest coin by market cap.
November 15th Bitcoin Cash Hard Fork
The hard fork of the Bitcoin Cash network concluded last week resulting in two separate chains as developers Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision) conflicted over proposals to scale the network. Bitcoin ABC proposed to introduce pre-consensus to strengthen zero confirmations whilst Bitcoin Cash SV is using original specs of the Bitcoin whitepaper but to use a 128MB block size. You can follow the two chains block progress over on Coin Dance.
Fifth Largest Bank to use XRP for Cross-border service
MUFG has signed a memorandum of understanding for the development of a cross-border payment service using Ripple XRP. The service is part of a partnership between Japan’s MUFG and Brazil’s Bradesco that will see the creation of a new platform for secure and fast direct transfers without intermediaries. MUFG shows a strong interest in Ripple Ltd suggesting that XRP is the best option for what they want to achieve. Ripple new found interest has also seen in increase in its price seeing it surpass Ethereum market cap to take to second spot. Is XRP able to hold this position though? You can check out the MOU published by MUFG.
Let us know what you think
At BC Bitcoin we are committed to the innovation and improvement of our services and platform and value your opinion. So, let us know if you have any feedback or would like to see any additions to our newsletter or services.
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