3 ways crypto derivatives could evolve and impact the market in 2023
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023. Go to Source Powered by WPeMatico
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dYdX ends contentious promo claiming ‘overwhelming demand’
The prompt cancellation comes after strong community pushback relating to the requirement of a facial recognition scan in order to receive the deposit bonus. Go to Source Powered by WPeMatico
Crypto users push back against dYdX promotion requiring face scan
“No matter the cause, this is an absolutely horrible idea and you should walk this back immediately,” said Adam Cochran, a general partner at Cinneamhain Ventures. Go to Source Powered by WPeMatico
dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash
The platform said it has used compliance vendors to scan for and flag accounts potentially associated with illicit activities, including sanctions lists for many countries. Go to Source Powered by WPeMatico
With the bear market in full throttle, crypto derivatives retain their popularity
“Derivatives provide opportunities to protect their portfolios during times of heightened market volatility,” says Emerson Li, brand lead at BingX. Go to Source Powered by WPeMatico
dYdX moves to Cosmos-based blockchain for V4 to optimize decentralization and trading flow
The protocol chose Cosmos as a best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second. Go to Source Powered by WPeMatico
dYdX releases an app: Why haven’t more DeFi protocols followed suit?
Perpetual contract trading platform dYdX has launched an app for users outside of the U.S. that will offer the same functionality as its website. Go to Source Powered by WPeMatico
Metrics Show Decentralized Exchange Volumes Continue to Slide This Year
Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be much lower than in March. … Read more
Derivatives exchange dYdX to become ‘100% decentralized by EOY’
dYdX said that it is looking at full decentralization to offer its users advantages of DeFi that centralized services can’t. Go to Source Powered by WPeMatico
‘100x Lower Than L1 Fees’ — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability
According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team has inked a … Read more
