dYdX Founder Calls Foul Play In $9 Million Insurance Fund Loss

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 Investors On Tuesday, the Ethereum-based decentralized finance (defi) exchange Dydx revealed the project has raised $65 million in a Series C funding round. The round was led by Paradigm but funding....

Traders raised their bids for the decentralized exchange token, believing it would benefit from China's decision to classify all crypto transactions as "illegal." Decentralized exchange dYdX's native token DYDX surged by nearly 80% this week as traders assessed its potential against China's recent ban on crypto transactions.The DYDX price hit a new high of $26.50 on the FTX exchange after trading at around $13 a week ago. The China ban was an apparent boost for the dYdX decentralized exchange (DEX) that offers perpetuals, margin and spot trading, as well as lending and borrowing services....

Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on the platform more than $50K worth of dydx. However, some users were unable to reclaim the airdrop due to location restrictions. Dydx Unlocks Airdrop, Price Skyrockets Dydx, a derivatives decentralized exchange, announced yesterday the unlocking of its airdropped governance token, dydx. The....

Gary Wang, the enigmatic co-founder and chief technology officer of the defunct cryptocurrency exchange FTX, provided an incriminating testimony during the ongoing criminal trial of Sam Bankman-Fried, marking the trial’s third day. Wang revealed in a shocking new statement that FTX’s purported $100 million insurance fund for 2021 was a fabrication and never held any of […]

Phemex, one of the globe’s most prominent crypto trading and investment platforms has further expanded its offering by listing three popular crypto assets. In its latest announcement, the platform stated that spot trading for Shiba Inu (SHIB), dYdX (DYDX) and Fantom (FTM) goes live on Nov 26, 2021. The trio, SHIB, DYDX and FTM have […]