By Kenny - Cryptocurrency Consultant - 31-12-2021
A well-known venture firm, Genesis Global Capital, is reportedly supporting Meta4 Capital with a large Non-Fungible Token loan. Meta4 is a crypto asset management business that focuses on the development of Web3. Genesis had used one of its first ever NFT loans with a total of $6 million to invest in Meta4. The loan is a bit of a head-turner, not necessarily due to the significant number, but because it’s unusually backed by NFT assets. NFTs are digital art tokens typically sold by artists or gaming companies. Investors can buy crypto art tokens to either sell for profit or to access exclusive games that are built using decentralised blockchain technology.
The crypto coin storage manager Meta4 had utilised the money to finalise acquisitions to buy three NFTs. More specifically, NFTs from the Sotheby’s Metaverse NFT auction event dubbed “Natively Digital.” The event held in the last quarter of the year had seen a record-hitting moment as Meta4 buys Bored Ape Yacht Club #8817 which had sold for $3.4 million. This was not the only NFT that Meta4 had bought at the event as they purchased a Rare Pepe PEPENOPOULOS for $3.4 million, and finally Mitchell F Chan’s Fingerprint DAO NFT for $1.5 million. The latest acquisitions are supporting the investment manager’s Series B funding round which had recently finished in early December.
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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:**
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