By Luke F - Cryptocurrency Dealer - 05-09-2021
In recent crypto news, Bitcoin (BTC) fans are torn with excitement between the increasing price to buy Bitcoin, and El Salvador’s progressive decision to make the crypto giant a legal tender. Over the last few months, media coverage on the coin has been up and down since the crypto crackdown, but things are looking up again as more companies and countries are beginning to adopt the currency.
Lately, Bitcoin's price has been moving between the $49K mark and just over $50k, with its current value sitting at $50,233 at the time of writing. The crypto community has been on edge and wondering where the price will go next. On the social media platform Twitter, one crypto analyst took to the platform to demonstrate the state of the crypto market, using a meme of Forest Gump and his followers.
In the last seven days, the price for buying Bitcoin has risen by 3.67%, reaching a three-month high on September 3 and hitting $50,680. With that in mind, many analysts have come forward to speculate that in two days, Bitcoin's value could easily hit $60k, if not more. The reason for a steep price increase within the next couple of days is because, on September 7, El Salvador will become the first country to make BTC a legal tender. With many predictions for a price spike coming through, the future looks bullish for the crypto giant.
If you are looking to Buy and Sell Bitcoin, but you’re not sure where is the best place to invest in Bitcoin, then you can head over to BC Bitcoin where you can safely start investing 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