Gus – Cryptocurrency Expert
Thanks to a new burning gateway that has been in place since April, the amount of Shiba Inu (SHIB) coins in circulation is decreasing.
More than 22.2 billion SHIB tokens were burnt in the seven days preceding up to May 22, 2022, according to the ShibBurn website. This translates to around $279,281 in SHIB.
It is anticipated that 500 transactions were required to shift this amount of SHIB. The burn rate also appears to be constantly rising.
Furthermore, Twitter user Shiba Archives stated on May 26 that "we've burnt 60 billion SHIB since the portal started."
This SHIB cryptocurrency investment burn appears to have already had a favorable impact on the meme coin. Shiba Inus are now accepted by an increasing number of companies. Aside from that, owing to a cooperation between Lavu and Verifone, SHIB will be accepted in thousands of restaurants in over 60 countries.
Things may not be that straightforward in terms of the burn's impact on the price. When we examine SHIB's performance since the debut of ShibSwap in April, we can observe that the price of SHIB has decreased by over 50%. This, however, may have had little to do with SHIB's success, since other cryptocurrencies have dropped significantly in value over the previous month.
SHIB's burn rate appears to have dropped significantly in the previous 24 hours.
If you would like to buy Shiba Inu coin, you can head over to a trusted cryptocurrency broker – BC Bitcoin, that will help to buy cryptocurrency. You can buy and sell Shiba Inu coins on this cryptocurrency trading platform. It offers cheap cryptocurrency with small fees.
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