Finance
Share this article

Loopring Names CTO Steve Guo as CEO, Replacing Founder Wang

Guo replaces Daniel Wang, who will work as an adviser to the firm and focus on developing its layer 2 strategy.

By Tanzeel Akhtar
Updated May 11, 2023, 5:58 p.m. Published Feb 3, 2022, 3:42 p.m. 1 min read
rings
rings

Loopring, an Ethereum-based project that helps developers build decentralized exchanges (DEX), named Chief Technology Officer Steve Guo as its CEO, replacing founder Daniel Wang.

  • Wang will continue to work as an adviser and will spend time developing the project’s layer 2 strategy, the firm said in a blog post Thursday.
  • Guo previously worked at Intel as a software engineer and a tech lead. He was admitted to the University of Science and Technology of China when he was 15 years old and graduated with a Ph.D. in computer science in 2005.
  • “This year, we will focus on our new NFT [non-fungible token] support, improving documentation, polishing wallet and DEX user experience, and enhancing service availability. I believe the best of Loopring is yet to be seen,” said Guo.
  • The loopring token (LRC) has lost about 60% of its value in the past month and was recently trading near $0.80, CoinDesk data shows. It touched a record high of $3.86 on Nov. 10, 2021.

Read more: Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets

Hires

Більше для вас

SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots

Автор Francisco Rodrigues, AI Boost
7 годин тому
The U.S. Department of Justice headquarters in Washington (Jesse Hamilton/CoinDesk)

Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading.

Що варто знати:

  • Texas man Nathan Fuller allegedly raised $12.3 million from 150 investors via a false AI crypto bot scheme promising up to 100% returns.
  • Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading.
  • To cover losses, Fuller used fabricated...
Читати повну версію