David - Cryptocurrency Specialist
Yuga Labs, the creator of the immensely popular Bored Ape Yacht Club collection, is set to release its latest collection of non-fungible tokens (NFT) on the trusted Bitcoin blockchain. The TwelveFold collection, which features 300 generative art NFTs, is minted on the Bitcoin-based Ordinals protocol, and will serve as a "visual allegory for the cartography of data on the Bitcoin blockchain."
The TwelveFold collection includes hand-drawn features as well as 3D elements, and it will be presented on a 12x12 grid. Yuga Labs is hoping to capitalise on the growing interest in the Bitcoin NFT market, with the Ordinals protocol gaining traction since its launch last month.
Unlike Yuga Labs' previous Ethereum-based collections, TwelveFold does not come with extended utility or any affiliation to the Bored Ape Yacht Club collection. In a blog post, co-founder Greg Solano stated that the collection's creation was a departure from what was expected from Yuga Labs.
The release of TwelveFold reflects the growing interest in Bitcoin NFTs, which some experts believe have contributed to the recent surge in cryptocurrency prices. The Ordinals protocol has seen one of its leading collections, Ordinal Punks, sell one of its tokens for 9.5 BTC, or about $214,000. The artwork closely resembles Yuga Labs' popular CryptoPunks collection.
Yuga Labs plans to open its TwelveFold auction later this week and is encouraging its Ethereum-savvy audience to prepare their Bitcoin account wallets ahead of the mint. With the popularity of both Bitcoin and NFTs on the rise, Yuga Labs' latest collection could be a significant step forward in the development of NFT crypto.
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