Loopring Launches Lightning-Fast Decentralized Exchange – February 28

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,635

Bitcoin’s slide appears to have slowed down today, as price meets support around the $8,600 mark.

Top-20 altcoins are still in the red, as Ethereum falls 2%, XRP 1%, and Bitcoin Cash 4%. Chainlink and Huobi Token are two of the only coins rising today, with increases of 6% and 4%, respectively.

Top Stories for February 28, 2020 🔥

👉 Loopring Launches Lightning-Fast Decentralized Exchange

Loopring announced the launch of their decentralized exchange (DEX) today, the first “zkRollup” exchange on Ethereum Mainnet.

The DEX is reported to be able to process 1000x more transactions than current DEXes, at just a fraction of the settlement cost.

Loopring Exchange is non-custodial, has no KYC requirements, and has no fees for maker orders.

👉 US House of Representatives to Hold Blockchain Meeting

A committee in the US House of Representatives will be holding a meeting next week, centered around blockchain and its effects on small business.

The focus of the meeting will be on how blockchain can be leveraged to assist small businesses in increasing productivity, security, and open new markets.

👉 Actor Steven Seagal to Pay $330k for ICO Promotion 

Former actor Steven Seagal has settled with the Securities and Exchange Commission, taking a $330,000 penalty for his role in promoting an ICO.

Seagal was fined for not revealing that we was getting paid to promote the Bitcoiin2Gen ICO, for which he was promised a $250,000 payment, as well as $750,000 worth of Bitcoiin2Gen tokens.