CJ - Cryptocurrency Enthusiast
Coinbase's Base Chain experienced an astonishing surge in Total Value Locked (TVL), jumping from $400,000 to over $40 million within a single day, according to data from Defillama. The spike in activity on Base Chain was driven by traders flocking to purchase obscure tokens like BALD, COIN, and BASED through the decentralized cryptocurrency exchange LeetSwap. In a remarkable display of trading frenzy, LeetSwap recorded an impressive $200 million in trading cryptocurrency volume across 377,000 transactions within the same 24-hour period, with a significant portion attributed to BALD transaction - potentially linked to Coinbase CEO Brian Armstrong's notable decision to shave his head.
The surge in Base Chain's TVL and the increased trading activity on LeetSwap highlight the growing interest and enthusiasm surrounding Coinbase's innovative collaboration with Optimism, an Ethereum scaling layer 2 crypto solution utilizing Optimistic Rollups. This technology facilitates secure cryptocurrency transaction processing in batches, significantly reducing fees and enhancing scalability.
The partnership has clearly captured the attention of crypto enthusiasts, leading to an exciting trading spree and an extraordinary boost in Base Chain's TVL. As more traders and investors explore the potential of Base Chain, adding it to their crypto portfolio, Coinbase's commitment to enhancing the decentralized finance landscape becomes increasingly evident, signalling promising times ahead for the platform and its users.
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