By Ollie H - Cryptocurrency Broker - 30-04-2021
A popular ETH 2.0 and Terra staking service is currently branching out to look for opportunities to grow into more Proof-of-Stake (PoS) chains, first up on the list is Solana.
Chorus One, a well-known crypto infrastructure provider, proposed today on Lido's governance forums to make "a liquid staking token (for now: stSOL) that will accrue staking rewards and represent staking positions with Lido validators on Solana."
It’s reported that Solana (SOL) is a crypto coin to invest in that has plenty of potential to grow. It’s popular amongst new and experienced traders to invest in cryptocurrency token SOL because it is a fast, secure and censorship resistant blockchain providing technology for worldwide adoption.
Chorus One remains optimistic as they arrange to "capture 2.5% of the staked SOL supply". The plan is to use 1,000,000 tokens to start their full-year vesting plan for when they gain 25% in crypto staking rewards from SOL. Chorus One is currently the largest SOL stakeholder, with $600 million in cryptocurrency investments 2021.
Reportedly on Lido's website, the service currently has accounted for 256,964 Ethereum (ETH) staked (worth over $700 billion) across nearly 5000 emails, receiving 7.1% APY, and being the third-largest staking pool, per Nansen. It's reported that as soon as ETH 2.0 is released, APY rewards would skyrocket.
If you are looking to Buy and SellBitcoin (BTC) and other popular crypto; you can head over to BC Bitcoin where you can register for an account and start making your Bitcoin investments today.
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