By Ollie H - Cryptocurrency Broker - 10-11-2021
In recent crypto news, one altcoin has seen exponential growth in the last month. The underdog altcoin Kadena (KDA) has risen and spiked around 1200%, going from $2 to $24 within a month. Many investors have speculated as to why this altcoin is growing at such a fast rate. As a new blockchain-focused ecosystem, Kadena needs to reach a high-level standard in order to be just as good if not better than other crypto market investments.
Kadena uses blockchain technology, has better designed smart contracts and transactions with no gas fees. After hitting its all-time high, the crypto coin has since fallen in price to $15.74, which is quite a drop from $24.15. That being said, KDA is gradually regaining its peak as the price to buy KDA sneaks back up to around the $21 mark in the early morning of November 10th.
In comparison to the cryptocurrency giant Bitcoin (BTC), the Bitcoin network is considered the most secure to date. Despite the network's outstanding safety and security, the ecosystem lacks smart contracts, unlike the Ethereum (ETH) platform. Although Ether may have smart contracts making it a more advanced network, the gas fees are abundant and regularly on the rise. The Kadena ecosystem has looked into each of these factors and looks to solve the outstanding issues.
Backing Kadena's remarkable growth is many of its collaboration partners. The ecosystem has collaborated with many known crypto projects such as Polkadot, Cosmos, Ledger, and Celo, to name a few. Kadena plans to expand itself as much as possible; this includes entering the NFT industry, improving its payments, building DeFi projects, and more. KDAs overall expansion has proven to be a strong support and could explain Kadena's fast-paced growth.
If you are looking to Buy and Sell Kadena KDA, then you can head over to BC Bitcoin where you can safely start investing in cryptocurrency 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