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The founder of dYdZX argued that early-stage crypto projects can scale faster by ignoring U.S. customers, as they won’t have to deal with the hassles of the U.S. regulatory climate. Go to Source
The call for a more detailed disclosure of liquidity through the use of “Proof-of-Reserves” has been backed by many high-profile industry figures. Go to Source Powered by WPeMatico
The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic … Read more
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained below $100 million in the nine months to January … Read more
