CJ – Cryptocurrency Enthusiast
The well-known NFT market place KnownOrigin has been acquired by eCommerce behemoth eBay, according to a statement.
A new generation of Non Fungible Tokens artists and collectors will now have access to the NFT platform, according to KnownOrigin co-founder David Moore.
“We think now is the ideal time for us to collaborate with a business that has the reach and expertise of eBay as interest in NFTs continues to soar.”
The purchase of KnownOrigin by eBay is a significant step in the company's Web3 ambitions. In May 2021, the company made NFT transaction capabilities available on their platform. In the same month, eBay presented its first NFT line in conjunction with the green NFT marketplace OneOf.
In the midst of the turmoil on the international cryptocurrency investment markets, major players in the space are currently consolidating their holdings.
According to BTCPEERS, Uniswap Labs, the organization that developed the Uniswap decentralized cryptocurrency exchange technology, purchased the NFT marketplace aggregator Genie for an undisclosed sum.
Over $7.8 million in transaction volume has been enabled since KnownOrigin's launch in 2018. Andy Gray, David Moore, and James Morgan founded it in 2018. The market received $4.3 million in a Series A investment co-led by cryptocurrency venture capital firms GBV and Sanctor Capital in February. All three of the co-founders will work for eBay. Despite having a substantial online presence, eBay will be up against hundreds of NFT markets like OpenSea, LooksRare, Rarible and Magic Eden that are wholly constructed in cryptocurrencies.
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