By Mark - Cryptocurrency expert - 03-11-2021
The price to buy altcoin Loopring (LRC) has recently witnessed significant growth. In the last week, Ethereum (ETH) token LRC has turned many heads in the crypto community as it rises by over 200% in value. Loopring is a crypto market investment developed on the Ethereum network. Loopring considers itself a non-custodial, open-source, audited exchange protocol and offers cryptography for decentralised finance (DeFi) applications.
Loopring has caught the attention of many investors since the protocol was integrated with GameStop's (GME) non-fungible token (NFT) platform. The information about the integration came to light when GameStop began releasing NFT products to expand the business. Because Loopring became an essential component of the GameStop NFT business, the price to buy crypto coin LRC increased drastically.
Loopring holders have witnessed the price of LRC soar from $0.3851 on October 27 to $1.54 just a few days later, on November 3. According to statistics, Loopring has witnessed a 255% growth with a capitalisation of $2,043,410,934 due to the GameStop reports. As a result of the latest price increase, LRC is now ranking in the top 100 cryptocurrencies, sitting at number 73 as per CoinMarketCap.
Loopring, as previously mentioned, is a Layer 2 token built on the Ethereum network; Loopring also employs zkRollup encryption for the Ether ecosystem. According to the Loopring company website, their mission is to bring together cryptocurrency exchange platforms that operate both centralised and decentralised. Merging the two types of exchanges will allow Loopring to produce a system that can benefit both parties while minimising the number of inefficiencies.
If you are looking to Buy and Sell Loopring (LRC), then you can head over to BC Bitcoin where you can safely trade 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