CRYPTOCURRENCY

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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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cryptocurrency

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

by Zach Anderson
Nov 19, 2023

cryptocurrency

Bitcoin and Ethereum Bounce 3% After Liquidating Over $160 Million

Bitcoin's price dropped to $24,900 due to bearish sentiment and news, leading to over $160 million liquidation. However, a bullish RSI divergence boosted Bitcoin's rebound by over 3%.

by Zach Anderson
Sep 12, 2023

CRYPTOCURRENCY

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

Bitcoin and Ethereum Bounce 3% After Liquidating Over $160 Million

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