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Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch

Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch

Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.

Magic Eden Halts BRC-20 Trading Temporarily Amid Ordinals Expansion

Magic Eden Halts BRC-20 Trading Temporarily Amid Ordinals Expansion

Magic Eden temporarily suspended BRC-20 trading on October 22, 2023, to ensure user protection until certain BRC-20 regulations were agreed upon. Earlier in June, the platform had extended support for BRC-20 tokens, diving deeper into the Bitcoin ecosystem. Following the halt, trading resumed on July 13, 2023, with a promotional reduction in listing fees to 0.1% for new BRC-20 tokens for a month.

DCG Completes Payment of Short-Term Debts to Dissolved Crypto Lender Genesis

DCG Completes Payment of Short-Term Debts to Dissolved Crypto Lender Genesis

Digital Currency Group paid up all short-term loans to Genesis, a previous bitcoin lending platform, as promised. DCG repaid $700 million in 2023 despite crypto sector woes. Genesis filed for bankruptcy in early 2023 after a withdrawal halt due to obligations of over $3.5 billion to its principal creditors. The bitcoin market is changing significantly with this development.

Kraken Halts ACH Deposits and Withdrawals via Silvergate

Kraken Halts ACH Deposits and Withdrawals via Silvergate

Kraken has notified its users that it will no longer support ACH deposits and withdrawals via Silvergate starting from March 27, citing difficulties with the automated clearing house. Kraken has advised its users to use alternative funding options until ACH funding is available again.

Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.

Bitcoin Ordinals Founder Proposes Immutable Metadata for Inscriptions

Bitcoin Ordinals Founder Proposes Immutable Metadata for Inscriptions

Bitcoin Ordinals (ORDI), a blockchain platform for transforming satoshis into NFTs, plans to introduce plain-text key-value pairs as metadata for inscriptions, enhancing their utility and readability. However, existing inscriptions cannot be retroactively added.

DeFi Protocol Wonderland Involves Cybercrime, Associated with Canadian Crypto Exchange Quadriga

DeFi Protocol Wonderland Involves Cybercrime, Associated with Canadian Crypto Exchange Quadriga

A decentralized finance project called Wonderland involves a cybercrime associated with Canadian crypto exchange Quadriga, turning DeFi into a financial felon’s wonderland.

Shiba Inu SHIB Founder Ryoshi NFT Collectible Debut on HEEL and SHIBACALS

Shiba Inu SHIB Founder Ryoshi NFT Collectible Debut on HEEL and SHIBACALS

A new NFT brand has surfaced in the Web3 domain. HEEL and SHIBACALS present a limited 'Young Ryoshi in Space' collectible, symbolizing Shiba Inu's elusive founder, Ryoshi. With only 45 pieces available, this NFT, priced at 0.1 ETH, is set for sale on September 9, 2023, at 20:00 UTC. Initial buyers receive NFT passes, potentially unlocking future content. Five lucky holders will get 500 HEEL tokens. Resales are prohibited, ensuring exclusivity. This venture, alongside Shiba Inu's rise, emphasizes the growing NFT market's potential.

South Korea Enacts Legislation for Public Disclosure of Officials' Crypto Holdings

South Korea Enacts Legislation for Public Disclosure of Officials' Crypto Holdings

South Korea has introduced new legislation requiring public officials to disclose crypto assets, aiming to improve governance transparency and address conflicts of interest.

HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

Two former brokers face jail for false trading in Hong Kong.

MetaPals to Launch 20,000 Teletubbies NFTs on Tezos (XTZ)

MetaPals to Launch 20,000 Teletubbies NFTs on Tezos (XTZ)

MetaPals partners with Teletubbies to release 20,000 unique NFTs on Tezos, enhancing digital companionship.

Bitcoin-Based NFTs: Ordinals and Runes Surge in Market Cap and Popularity, Reports CoinGecko

Bitcoin-Based NFTs: Ordinals and Runes Surge in Market Cap and Popularity, Reports CoinGecko

Explore the growth of Bitcoin-based NFTs, Ordinals and Runes, in market cap and user adoption.

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