By Luke F – Crypto Investor - 29-09-2021
Ethereum (ETH) is known as one of the largest decentralised blockchain platforms that brings together developers and investors. The network has its own native cryptocurrency used throughout its ecosystem. Users can buy ETH in order to invest in cryptocurrency assets, buy NFTs, and more. The network is constantly improving, with much of the crypto media discussing the new update.
Many of the cryptocurrency trading community is excited to try out Ethereum 2.0. The update is said to improve most of the features where investors had previously emphasised their issues. Ethereum 2.0 will enhance the speed, efficiency, and scalability of the network. The new update is designed to work toward the ability to process more transactions and ease bottlenecks.
To begin the process of releasing Ethereum 2.0, the network will first launch the Ethereum Altair update. Reportedly, many of the Ethereum engineers have been confirming the release date as the Altair update will be made available in October 2021. Many avid Ether users have been waiting for the hyped Proof-of-Stake (PoS) consensus architecture to be released but are excited for the first steps to be implemented finally.
Reportedly, the Ethereum Foundation has released a paper statement on the latest update. The paper regarding the Improvement Proposals was made public on September 15. Developers for Ethereum have stated that a new hard fork for the 2.0 update dubbed Beacon Chain is scheduled to launch five months after genesis. The team have since announced that the Altair hard fork will launch on October 27, at epoch 74240. According to the Ether team, the Altair is part of the Beason Chain's Mainnet update.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely start trading 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