dYdX Faces Volley Of Criticism Over Webcam Checks

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.

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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.

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.

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 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.

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.

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.

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

Three Arrows Capital was an early investor of dYdX. The team at dYdX has released a statement clarifying that the project is unaffected by the financial situation facing Three Arrows Capital.