Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. ...
Vitalik Buterin outlined his views on a cross-chain blockchain world, dYdX announced plans for full decentralization in 2022, and Near Protocol raised $150 for Web3 tech — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Despite the market printing bearish numbers for a second consecutive week, the industry is not short of bullish fundamental news. Read on to hear about the most impactful DeFi stories of the last seven days.What you’re about to read is a shorter, more succinct version of the newsletter.....
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Part of Cointelegraph's Crypto Stories on YouTube, the series highlights the power of crypto to change the lives of people all over the world. The latest episode of Cointelegraph's Crypto Stories featured never-before-heard audio from an exclusive interview with Vitalik Buterin, recorded at a conference in Hong Kong in 2014. In this animated short, viewers can learn about the origin story of Ethereum (ETH), the world'd second-largest cryptocurrency by market capitalization, straight from the founder himself.Back in 2011, while Buterin was a student at the University of Waterloo, he first....
DYdX volume tops Coinbase for the day, Cardano enables a new stablecoin, and a DeFi bounty hunter is highly rewarded — all coming to you this week in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.DYdX surpassed Coinbase in daily trading volume for the first time this week. Read on to discover why this was a seminal moment for the project’s founder.What you’re about to read is the concise version of this newsletter. For the full breakdown of DeFi’s developments over the last week — released with more anticipation than a layer-two....
dYdX said that it is looking at full decentralization to offer its users advantages of DeFi that centralized services can’t. Ethereum Layer 2-based crypto derivatives trading platform dYdX has vowed to become “100% decentralized by EOY” via the protocol's V4 update. dYdX primarily offers perpetual contracts, which are derivatives products that borrow elements from both spot margin trading and futures trading but do not have an expiry date. At present only certain components of dYdX are decentralized, including its Ethereum smart contracts, governance and staking. However its “orderbook and....
Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either averted an attempted hack or got a significant chunk of their stolen funds back.The BitBTC bridge reportedly had a bug....
Traders could do nothing but wait on Dec. 7 when dYdX went down along with Binance.US and Coinbase due to an AWS problem. An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, raising questions over the reliance on centralized services by DeFi protocols. AWS is one of the most widely used cloud services in the world and a considerable amount of decentralized infrastructure uses it. AWS offers servers, storage, networking, remote computing, email, mobile development, and security for websites. dYdX issued an update via Twitter on Dec. 8....