Ethereum Co-Founder to Leave Decentral CEO Chair

Anthony Di Iorio will remain the chairman of the board of directors of the company which cut the half of its staff
04 September 2019   1079

The crypto industry veteran and billionaire Anthony Di Iorio left the post of head of Decentral, one of the main products of which is the popular multi-currency wallet Jaxx. It is reported by CoinDesk.

Di Iorio will continue to address key financial issues, remaining the chairman of the board of directors of the company. However, the new CEO will be Maggie Xu, who previously held the position of product manager for Decentral.

According to Di Iorio, in 2018 the number of crypto-wallet users reached 1 million. Also, thanks to integration with the ShapeShift platform, Jaxx users carried out exchange operations worth more than $ 2 billion a month.

Then the company planned to enter into a partnership with many service providers, landing companies and exchanges. However, these plans were hindered by the bear market, which reduced the commission income from exchange operations through ShapeShift, which were the company's main source of income. Decentral had to cut nearly half the staff, leaving only 14 employees.

To date, the situation has improved slightly and the company plans to hire several developers. In addition, Decentral has partnered with several services, including GiftPay and Changelly.

According to Xu, in the next few months, the company plans to attract financing from strategic investors. She also added that the new version of the wallet - Jaxx Liberty - was downloaded 250 thousand times last year.

LocalEthereum to be LocalCryptos Now

Exchange's team believes they have advantages over LocalBitcoins, which "looks the same today as it did in 2012"
19 November 2019   131

LocalEthereum's P2P platform changed its name to LocalCryptos to support more cryptocurrencies, starting with bitcoin.

The possibility of buying / selling BTC has already been added, in the near future EOS, DASH and Litecoin (LTC), as well as Ethereum-based tokens are indicated.

According to the statement, the platform has more than 100 thousand users around the world.

With rebranding and the addition of bitcoin trading, the site competes with the popular P2P platform LocalBitcoins, and LocalCryptos believes that they have advantages. They include the non-custodian BTC escrow system and end-to-end message encryption.

Platforms like LocalBitcoins are centralized, custodial, and a far cry from private. These platforms are vulnerable to hacks and thefts like a centralized exchange.
 

LocalCryptos Team

Hackers have stolen several billion dollars from the past, and at least two incidents related to LocalBitcoins traders, the statement said.

LocalCryptos does not store user private keys and declares that it gives them full control over the funds.