David - Cryptocurrency Enthusiast
In the ever-evolving world of non fungible tokens (NFTs), a new collection called Bitcoin Frogs has taken centre stage. Surpassing well-known collections like Bored Apes, Bitcoin Frogs has become the most-traded NFT collection in the past 24 hours, with a staggering $2.2 million in trading volume. This vibrant collection, featuring 10,000 unique frog collectibles minted directly on the Bitcoin Blockchain, has captivated crypto enthusiasts and investors alike.
Bitcoin Frogs, launched on the Bitcoin Ordinals platform in late February, has quickly gained traction among NFT enthusiasts. Each NFT in the collection is currently selling for 0.12 bitcoin (BTC), equivalent to over $3,200. The trading activity surrounding Bitcoin Frogs has resulted in transaction fees ranging from $50 to over $1,200, highlighting the fervour and demand for these charming frog themed NFTs.
The trading volumes of Bitcoin Frogs have surpassed even prominent NFT collections like Bored Apes in the past 24 hours. With 627 individual transactions recorded, Bitcoin Frogs has outpaced its competitors, including Bored Apes, which recorded just over 11 transactions. While Bored Apes commanded a significantly higher price of over $83,000 per NFT, the accessibility and allure of Bitcoin Frogs have propelled it to the forefront of the NFT market.
The rise of NFTs directly on the Bitcoin blockchain can be attributed to the launch of the Ordinals Protocol earlier this year. This ground breaking protocol enables users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions. The popularity of the Ordinals Protocol has been remarkable, with over 3 million Ordinals "inscriptions" surpassing expectations. This innovative approach has opened doors for artists and collectors to leverage the security and decentralization of the Bitcoin blockchain for their NFT creations.
The success of Bitcoin Frogs and the rising prominence of NFTs on the Bitcoin blockchain demonstrates the immense potential of this evolving market. As investors and collectors dive into the world of NFTs, it becomes clear that these unique digital assets offer opportunities for creativity, expression, and financial gain. With the NFT market gaining traction and capturing the attention of both established and emerging artists, as well as investors, the future looks bright for the NFT crypto ecosystem.
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