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The exchange took decisive action to block crypto addresses associated with Tornado Cash following this week's sanctions blow from the U.S.

Decentralized exchange (DEX) dYdX confirmed it had blocked customer accounts associated with Tornado Cash to comply with United States sanctions. The post Decentralized exchange dYdX blocks user accounts associated with Tornado Cash appeared first on CryptoSlate.

U.S. Treasury Department's move to blacklist Tornado Cash is still causing havoc in the cryptocurrency community. After discovering that some of its users had connected with Tornado Cash late on Wednesday, the decentralized derivatives exchange dYdX acknowledged that it had been impacted by the restriction.

Multiple users accounts with a history of using Tornado Cash were banned by dYdX.

dYdX has confirmed that it blocked some accounts in line with the Treasury Department's sanctions against Tornado Cash. It's since unblocked some accounts.

Many users were locked out even though they had no idea they had received funds from the crypto mixer.

Tornado Cash, often known in the crypto money industry for news of attacks and fraud, has recently received a hard blow from the US Treasury Department. While the Ministry imposed sanctions by adding Tornado Cash to the backlist, many companies followed his practice.

DyDX has blocked user accounts linked with Tornado Cash DyDX has joined a growing list of platforms who have been actively blocking user accounts of people who had earlier been in contact with sanctioned Tornado Cash app In an updated blog post, derivatives protocol DyDX has confirmed that it has banned certain user accounts that previously had ties with now banned ethereum mixer app Tornado Cash.

dYdX said it has blocked users that have interacted with Tornado Cash. The post dYdX confirms blocking user accounts tied to Tornado Cash appeared first on The Block.

Nowadays, cryptocurrencies are moving into DeFi. It's a good option to be the one who manages your digital capital and at the same time handles every decision.

Quick Take In this new bi-weekly series, we look into some of the most interesting data and developments across the Layer 2 blockchain landscape, from DeFi and bridges to network activity and funding Optimism has seen a significant spike in activity since the launch of its native governance token on June 1 but that is trending down together with the bearish sentiment of the markets  Arbitrum paused its 8-week Odyssey in its second week as a result of surging gas prices, reported exceeding that of Ethereum's dYdX has announced their planned migration to a native chain on Cosmos instead of remaining as a zk-rollup on Ethereum

As of today, DYDX/USD has risen by 15.2%.

The price of DYDX is expected to head back down and test the demand zone between 1.28 and 1.36.

DYdX Founder & CEO Antonio Juliano discusses the decline in trading volumes amid the market downturn, noting it's a time to build. Juliano explains why his platform is ambitious about developing its standalone blockchain while touching on liquidity issues across the sector.

The order book decentralized exchange, dYdX, is leaving the Ethereum blockchain to set up a native chain on the Cosmos ecosystem. The post Why dYdX is leaving Ethereum and StarkWare for a native chain on Cosmos appeared first on CryptoSlate.

The Ethereum Layer-2 crypto platform dYdX has proposed to develop a dYdX chain – V4. The new chain will be a standalone blockchain compatible with the Cosmos SDK and Tendermint Proof-of-Stake (PoS) consensus protocol.

dYdX has announced its intention to leave Ethereum, making the announcement in a blog post on its website. After leaving Ethereum, the protocol will focus on creating its own chain in the Cosmos ecosystem.

dYdX DYDX/USD is essentially a decentralized exchange (DEX) that is built on top of the Ethereum ETH/USD network and aims to deliver financial instruments to users. These include perpetual, margin, and spot trading, alongside features such as lending and borrowing The dYdX (DYDX) cryptocurrency is used for the layer-2 protocol and serves to facilitate the […] The post dYdX to launch its own blockchain, what could this mean for the value of the token? appeared first on Invezz.

Derivative DEXs are still figuring out the best way to structure their protocols.

The protocol chose Cosmos as a best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second.

Ethereum-based decentralized trading platform dYdX will be deployed as an independent blockchain on the Cosmos ecosystem. The team behind the project made the announcement this morning leading to a positive reaction for its governance token, DYDX.

The layer 1 blockchain will be built in the Cosmos ecosystem.

dYdX, a famous crypto derivatives exchange, has announced that it will be developing dYdX V4 on a standalone Cosmos based blockchain and Tendermint Proof-of-stake consensus protocol. DYDX price up by 7% Exchange mentioned that it will feature a fully decentralized, orderbook, off chain, and matching engine.

dYdX says that by launching a new blockchain, it would make its offering more competitive and decentralized. The post dYdX to expand to its own blockchain in the Cosmos ecosystem appeared first on The Block.