David - Cryptocurrency Enthusiast
Since the Securities and Exchange Commission (SEC) had an eye for Ripple’s legitimacy it’s been a roller-coaster since December 2020. The recent instability in the cryptocurrency market has increased the likelihood of XRP's success in 2023.
According to ripple price research, the bulls have been leading today, which suggests that the price is once more enclosing upward progress. The price increased sharply the day before, which was excellent for the bulls. The price has grown to $0.3523 as the trends have persisted.
In December 2022, crypto whales and sharks will be actively acquiring XRP tokens, according to information shared via a tweet by Santiment. It was acknowledged that the whale addresses with 1 million to 10 million XRP had hit a record level (ATH).
There were just 1440 such whale addresses as of November 1st, 2022, according to statistics. While there are now 1,617 addresses in total. It was discovered that these whales held 6.33% of the available XRP on the same day once more. Data, however, show that the percentage of supplies held has already reached 7.23%, a new record high. By 2023, will the price of XRP reach $1 as Ripple considers smart contracts?
Over the previous day, the cost of XRP jumped by 1.1%. This may be because smart contracts may soon be included into the XRP Ledger, as suggested by a former Ripple official.
Former Ripple director Matt Hamilton claims that smart contracts will soon be supported on the XRP Ledger. While smart contracts are still being developed, the blockchain now enables functions like escrow, decentralized exchanges, fungible and non fungible tokens, and smart contracts.
The blockchain of the XRP Ledger will directly compete with comparable systems like Ethereum, Cardano, and Solana because of its smart contracts. The value of XRP would greatly grow as a result of its massive transaction volume.
For those looking to buy XRP and participate in cryptocurrency trading, consider using a reputable cryptocurrency broker like BCBitcoin.
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