dYdX

dYdX is preparing for a major upgrade this autumn, which will introduce several new features, such as permissionless market listing, MegaVault, and permissioned keys. Meanwhile, Crypto.com secured a multi-year deal with the UEFA Champions League, becoming its official cryptocurrency partner, and a Dubai court legalized the use of cryptocurrency for making salary payments. Bitcoin Bitcoin (BTC) has followed the US stock market in its recovery following the market meltdown after the unwinding of the yen carry trade, along with fears…

It was a big week for crypto, as spot ETH ETFs finally started trading on major stock exchanges. Furthermore, the excitement around the Bitcoin 2024 conference and its slew of celebrity speakers has riled up even more buzz around the industry. Find out more.  Bitcoin The Bitcoin 2024 conference in Nashville started on Thursday, where speakers such as Donald Trump have been scheduled to speak later in the week.  Jersey City’s mayor, Steven Fulop, has announced that the city’s municipal…

Decentralized cryptocurrency exchange dYdX announced that one of its on-chain trading services had been compromised after an attacker installed a token-draining program on dYdX v3’s official website.  Reports of the problem on the dYdX v3 domain emerged after it was announced that it was up for sale.  dYdX v3 Compromised  According to dYdX, the attack has not compromised or impacted any funds traders already have on dYdX. This is because only the web domain was targeted, not the underlying smart…

The post Crypto Disaster: dYdX v3 Hacked During Crucial Sale Negotiations! appeared first on Coinpedia Fintech News It crypto season feels like a Hack season. After WazirX hack just last week, now dYdX, the big name in decentralized trading, became a hack victim. Their v3 platform got hacked! Yes,this comes just as rumors swirl about selling the very same version. With over $1.5 billion in trades happening weekly, the DeFi world is freaking out. A Targeted Attack: What’s Going Down?…

Source: Depositphotos The dYdX Foundation is looking for ways to beef up brand awareness and spread the word about the dYdX exchange platform it was founded to support. To that end, it has hired one of the most experienced crypto marketing executives around to head up its PR strategy.  The man in question is Chris Grundy, who joins the dYdX Foundation from the blockchain intelligence firm Glassnode, where he served as Vice President of Marketing. He has spent almost a…

Zug, Switzerland, July 11th, 2024, Chainwire The dYdX Foundation, a part of the dYdX ecosystem, has just published its 2024 Semi-Annual Ecosystem Report, highlighting the incredible momentum gained by the project and its community over the first six months of the year, solidifying its position as one of the leading protocols in the decentralized finance industry.  The 2024 Semi-Annual Ecosystem Report provides a comprehensive look at the state of the dYdX ecosystem as it stands midway through the year, as…

The post Bitcoin Funding Rates Surge On DyDx And Deribit Following $63K Breakout: Will Bulls Avoid A Top? appeared first on Coinpedia Fintech News Following bearish pressure over the last week, Bitcoin price has finally broken above its consolidation range. BTC price surged above the $63K mark and has triggered a wave of short-liquidations. In recent weeks, Bitcoin experienced volatility following the highly anticipated halving event, with prices fluctuating unpredictably. Despite this sideways movement, analysts remain bullish about Bitcoin’s price…

Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to “step down” as Chief Executive Officer (CEO), citing a mix of “personal and professional reasons.” This move marks a significant change for the company behind the decentralized derivatives exchange dYdX. Juliano will transition to the roles of Chairman and President, with Ivo Crnkovic-Rubsamen set to take over as CEO. Juliano Reflects On His Tenure And The Evolution Of dYdX Juliano’s tenure as CEO saw dYdX grow into…

DYDX, the native token of the dYdX Chain, has evolved from a governance-only coin to a dynamic, multifaceted asset within six months of its launch. According to a blog post by the dYdX Foundation, DYDX has become the powerhouse of the layer-1 blockchain, enabling decentralized governance and allowing users to stake their tokens for rewards. A Timeline of DYDX’s Launch DYDX was launched in October 2023 alongside the dYdX Chain. Before that, the dYdX Foundation had launched DYDX (now ethDYDX)…