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Loopring Network Hit By $5M Hack, Market Cap Drops Amidst FUD

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Loopring’s network suffered a significant breach, with hackers stealing over $5 million. This incident has led to a predictable drop in Loopring’s market cap, as trust among the crypto community has diminished. The ensuing Fear, Uncertainty, and Doubt (FUD) has compounded a 22% decline in $LRC over the past four days, potentially presenting a buying … Read more

Loopring Token (LRC) Faces Concerns As Creator Moves Holdings To Binance

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Investors are expressing apprehension following news that Daniel Wang, the creator and former CEO of Loopring, a decentralized exchange protocol, transferred a significant portion of the system’s token, LRC, to Binance, the leading cryptocurrency exchange platform.  This move has contributed to a decline in the token’s value, which had experienced a 5% increase over the … Read more

Biggest Movers: ETC up 80% in the Last Week, as Loopring Gains 42% on Wednesday

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Loopring was trading by over 42% on Wednesday, overtaking QNT as the world’s 65th largest crypto in the process. This came as ethereum classic was trading 10.30% higher on the day, taking its one week gain to over 80%. Loopring (LRC) On Wednesday, loopring (LRC) rose to its highest level in three months, a move … Read more

Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout?

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Loopring price continues to trade sideways at $2.7 after hitting an all-time high of $3.6 on November 10th. Loopring’s ecosystem continues to grow and recently placed as the fourth-largest Layer-2 network by market share, following Arbitrum, Boba Network, and dYdX. Is LRC ready for a breakout above $3? Let’s find out. What Is Loopring? Loopring … Read more