Naris – Cryptocurrency Enthusiast
Ethereum (ETH) co-founder Vitalik Buterin has made waves in the crypto portfolio management world by selling his entire 500 MakerDAO (MKR) token holdings, worth around $580,000. This strategic move follows his initial acquisition of 1071 MKR tokens in April 2018, which has now yielded a 27% profit from his recent divestment.
Meanwhile, MakerDAO's CEO, Rune Christensen, has hinted at an ambitious plan to reimplement the project on a new blockchain, potentially NewChain, a forked version of Solana. Christensen's vision is centred on harnessing Solana's robust codebase, known for its technical prowess, optimization, and resilience, to enhance the project's technology and adaptability.
One of the key goals of this migration to NewChain is to bridge the gap between Ethereum and Solana, amplifying the multichain economy's network effect and opening new possibilities for cross-chain collaboration.
However, cryptocurrency basics remind us that MakerDAO hasn't been immune to the challenges of the crypto market, reporting reduced earnings and revenue compared to the previous year. To navigate these tumultuous waters, the project is emphasizing diversifying collateral backing to ensure the sustainability of its stablecoin, Dai.
In a notable philanthropic gesture, Vitalik Buterin had previously donated 100 MKR tokens to India's Covid-19 relief fund, highlighting his commitment to social causes.
In conclusion, Buterin's decision to part ways with MakerDAO and the emergence of NewChain as a potential blockchain powerhouse underscore the ever-evolving landscape of the crypto industry. This move promises innovation, improved technology, and greater adaptability, reflecting the dynamic nature of blockchain technology and crypto trading strategies. Whether you're a seasoned cryptobroker or a newcomer looking to buy Bitcoins safely, these developments in the crypto world are worth monitoring as they reshape the industry.
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