By Max - Cryptocurrency Consultant - 30-11-2021
Recently, a previous Citi employee is releasing a new investment venture dubbed as Hivemind Capital. Matt Zhang, who formerly worked in Citi in a leading role, has announced that his latest project will see its debut soon. According to Zhang, the goal behind the venture firm is to institutionalise crypto market investments. Hivemind Capital reportedly has a $1.5 billion venture capital pool, which allows the company to invest in various projects. The money is specifically allocated to initiatives such as crypto gaming, decentralised blockchain technology, Non-Fungible Tokens (NFTs) and similar investments.
The reason for the company dedicating its capital pool toward crypto and blockchain-backed projects is because Zhang believes that the technology behind the investments represent “a paradigm change.” He goes on to say that we are still in the early stages of development when it comes to advanced technology and the new digital age. With his beliefs in mind, Zhang looks to invest in entrepreneurs that have a real vision for the future and provide them with funding and infrastructure solutions. More specifically, Zhang stated that Hivemind Capital will be funding mostly cryptocurrency exchange platform as well as the crypto startups and the play-to-earn gaming industry.
Hivemind will also reportedly be putting money towards projects like programmable money, cryptocurrency, blockchain protocols, and crypto infrastructure. By investing in various projects and companies as well as supporting them with solutions, Zhang hopes he can make crypto assets institutional.
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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:**
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