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A proposal from the dYdX team asked the community to consider and vote on the formation an autonomous Operations SubDAO. The post dYdX introduces proposal for autonomous subDAO-based infrastructure appeared first on The Block.
DeFi industry representatives are on strong rise for first time since January
Decentralized exchange dYdX has announced a new fiat on-ramp this week, utilizing a partnership with crypto ramping solutions firm Banxa. dYdX has primarily focused on exchange-rooted products for consumers, with recent expansion into new verticals.
Decentralized Exchanges (DEX) dydx has announced the appointment of Charles d'Haussy, a crypto leader from ConsenSys to serve as the Chief Executive of its Foundation.
Derivatives protocol dYdX announced on Monday that Charles d'Haussy will serve as the chief executive officer of the independent dYdX Foundation. The post dYdX hires former ConsenSys director as foundation CEO appeared first on The Block.
After a brief consolidation in the DYDX/USD market that came to an end on the 11th of August, the market began to trend downward for
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
dYdX, a decentralized exchange for crypto derivatives, says it has ended its $25 first deposit bonus program.
Decentralized exchange dYdX has been singed on social media over its identification request, which requires users to verify their identity through their webcam. Only after identification would users be eligible to avail of benefits from a promotional offer the platform is running.
Citing “extremely overwhelming demand,” the decentralized trading platform dYdX has ended a deposit scheme promotion which required its users to verify their identity by webcam. The post dYdX Cancels $25 Deposit Bonus Campaign After Twitter Roasts Webcam ‘Liveness Check' appeared first on BeInCrypto.
Renowned decentralized cryptocurrency exchange dYdX has ended its latest $25 deposit promotion after severe backlash from consumers.
dYdX has announced that it has canceled its deposit promo after a wave of backlash by members of its community. The derivates platform announced weeks ago that new members would be gifted $25 when they make their first deposit.
Several crypto community members have rejected the verification process set up by the dYdX decentralized exchange during the sign-up process.
Decentralized exchange dYdX (DYDX) has discontinued its new $25 deposit promo citing “overwhelming demand,” and denied claims that the DEX now required users' verification. The post Crypto community lambasts dydx's new facial verification requirement appeared first on CryptoSlate.
The exchange implemented the liveness check to prevent users from farming the promo across multiple accounts, but it also raised questions around decentralization.
The Ethereum-based trading protocol dYdX has ended its short-lived campaign today. The decentralized exchange has cited the overwhelming demand for its $25 deposit bonus promotion, as the reason for the immediate closure of this promotional campaign.
dYdX discontinues promotion after claiming that there was overwhelming demand making the promotion not viable for the company. The decentralized crypto derivatives exchange ended its short-lived $25 initial deposit bonus promotion.
The prompt cancellation comes after strong community pushback relating to the requirement of a facial recognition scan in order to receive the deposit bonus.
“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.
dYdX has received overwhelming pushback after it asked users to verify their identity with a webcam to benefit from a promotion.
Coinspeaker dYdX Blocks Accounts Associated with Tornado Cash in Compliance with OFAC Sanctions
Cryptocurrency derivatives provider dYdX announced that it had restricted user accounts with a history of transactions with Tornado Cash.
The Office of Foreign Asset Control sanctioned Tornado Cash and 45 related Ethereum wallet addresses Monday, prompting exchanges and issuers to begrudgingly comply with laws
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.
