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The decentralized revolution in the world of cryptocurrencies is taking a giant leap forward with the latest announcement from dYdX. The highly anticipated launch of the public testnet for the exchange's v4 iteration marks a significant milestone in its quest for full decentralization.
The crypto exchange launched a testnet featuring an on-chain order book and matching engine, doing away with the centralized components found on the mainnet version.
The DEX said users can now trade bitcoin and ethereum on the public testnet.
Wintermute Trading, a prominent cryptocurrency trading company, has initiated the process of selling off DYDX, the management token associated with the decentralized derivatives exchange.
Wintermute Trading has sent 2.6 million DYDX (about $5.08 million USD) to the exchange.
DYDX's social dominance has been on the rise for the last few days. This means the token is receiving more attention from potential buyers.
DYDX will release its public testnet on July 5, which is weeks earlier than previously announced.
dydx is on a mission to democratise access to financial opportunities and the forthcoming public testnet launch is the 4th key milestone.
Decentralized exchange dYdX has announced plans to launch the public testnet of its Cosmos-based blockchain on the 5th of July, 2023. The initial public testnet will initially only work with Bitcoin and Ethereum markets, but future upgrades plan to introduce over 30+ markets.
Decentralized exchange DYDX said Wednesday that it would launch the public testnet of its Cosmos-based blockchain next week.
Trust in centralized exchanges declines, boosting interest in decentralized solutions. Uniswap and dydx witness surges in trading volume, however the tokens of both the protocols face challenges.
APT and DYDX, both, witnessed a price decline of at least 8% in the last 24 hours. However, a price decline and an increment in trading volume could be considered a common affair after token unlocks.
Binance came under intense pressure after the Securities and Exchange Commission (SEC) filed a lawsuit against the company and its Chief Executive. The lawsuit will likely have no major impact on Binance since it has no major presence in the United States.
The surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.
The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade.
Today's cryptocurrency landscape features Stacks (STX), Synthetix (SNX), Rocket Pool (RPL), dYdX, Tron (TRX), and Curve DAO Token (CRV) as the top gainers, while Immutable X (IMX), Flare (FLR), VeChain (VET), Hedera Hashgraph (HBAR), Maker (MKR), and Aptos (APT) have encountered losses.
Today's top gainers in the cryptocurrency market include Tron, USDD, TrueUSD, and BitTorrent. In contrast, the list of top losers features Internet Computer (ICP), Agile, Render Token (RNDR), dYdX (DYDX), Hedera Hashgraph (HBAR), and XinFin Network (XDC).
In the crypto market's dynamic landscape, some projects have made substantial gains, while others have faced notable losses. The top gainers for today include CSPR, HBAR, ICP, QNT, LEO, and NEXO, with WOO, INJ, DYDX, Cronos, CFX, and IMX coming up as the top losers.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. RDNR, INJ, CFX, dYdX, GRT, and FTM have emerged as the top gainers of the day, while ZIL, Cake, TON, XDC, and TUSD are the top losers.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. BitTorrent, Synthetix, GUSD, DAI, and Tether have emerged as the top gainers of the day, while AGIX, ICP, CFX, dYDX, and RPL are the top losers.
Like a simmering pot, dYdX appears inactive at first, but beneath the surface, a group of whales is stirring the dish, accumulating the token and potentially signaling exciting developments ahead.
Stablecoin issuer Paxos is the latest company to withdraw its services from the Canadian market while stating that it may return to Canada following possible cooperation with regulators.
A crypto strategist who nailed Bitcoin's (BTC) 2018 bear market bottom says that a trio of altcoins is giving warning signs for the rest of the crypto markets.
Cryptocurrency derivatives exchange dYdX is set to exit the Canadian market due to regulatory restrictions. The exchange will stop onboarding new Canadian users and move existing users to "close-only mode" over the next seven days, allowing them to only withdraw funds.
