By Max - Cryptocurrency Consultant - 05-01-2022
LivePeer (LPT) recently raised about $20 million in a Series B funding round. The fundraising event will reportedly boost the expansion of LivePeer's streaming services and Web3 infrastructure. LivePeer is a decentralised network for video transcoding built within the Ethereum (ETH) ecosystem. Many investors have participated in the Series B-1 funding with some notable new names such as Alan Howard and Tiger Global.
LivePeer has stated in a tweet that they have seen a lot of organic growth with their community demanding more transcoding services. The added $20 million in funding will serve as a well-needed endorsement to serve the ongoing demand. LivePeer's native crypto market investment, LPT, is the source for powering the network and controlling the platform's services. LPT is an Ethereum build token used to perform the work of transcoding and distributing video content within the network. Investors can buy LPT tokens at popular cryptocurrency exchange platforms, or users can be rewarded LPT on the LivePeer platform.
LivePeer plans to use the $20 million to expand its infrastructure due to its fast-growing user rate and popularity. LivePeer has previously made many investments and integrations to improve its platform further; one recent investment the platform made was MistServer.
MistServer provides flexible content delivery technology and makes the difficulties of video streaming much more accessible and easy to use. LivePeer expansion allows developers to create projects using an affordable infrastructure if they wish to grow their streaming applications through multiple types of industries such as events, eCommerce, and gaming.
If you are looking to Buy and Sell LPT crypto, then you can head over to BC Bitcoin where you can safely buy crypto 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