FreeCryptoCurrency.Me

A new paper published by the Federal Reserve on Wednesday lays out some of the preconditions by which the U.S. central bank might consider launching a digitized version of the dollar.

The post Stakeholder buy-in, clear policy objectives among preconditions for a digital dollar, Fed analysts say appeared first on The Block.

DEXs are set to finish February with the highest monthly volume on record, according to data collected by The Block.

The post DEX monthly volume figures reach new high for February appeared first on The Block.

Optimism, a startup focused on the scalability of the Ethereum blockchain network, has raised a $25 million Series A funding round led by Andreessen Horowitz.

The post Ethereum scaling startup Optimism raises $25 million Series A led by a16z appeared first on The Block.

The Fed’s service status page shows most of its services are currently down, including its settlement system FedWire.

The post An outage at the Fed leaves multiple crypto exchanges unable to settle appeared first on The Block.

In February, DeFi protocols already earned over $20 million more than January, marking this the biggest month ever for DeFi revenue.

The post DeFi protocol revenue has already reached a record monthly high in February appeared first on The Block.

CoinShares, Europe’s largest crypto-focused asset manager, has quietly began a share issue ahead of a planned Initial Public Offering on the Nasdaq First North Growth Market in Stockholm, Sweden.

The post Crypto asset manager CoinShares to IPO in Sweden appeared first on The Block.

The Fed is planning events to engage with the public on a digital dollar, according to Chairman Jerome Powell.

The post Powell says the Federal Reserve will engage the public on a digital dollar this year appeared first on The Block.

Decentralized derivatives exchange dYdX announced Wednesday that its perpetual contracts are now available for trading on Ethereum Layer-2 scaling solution StarkWare.

The post dYdX’s perpetual contracts are now available to trade via Ethereum scaling solution StarkWare appeared first on The Block.

DFX Finance, a decentralized foreign exchange startup for stablecoins, announced a $5 million seed round on Tuesday.

The post Decentralized foreign exchange DFX Finance raised $5 million in seed round appeared first on The Block.

Quick Take

• Many DeFi protocols are generating revenue successfully.
• Most of the revenue still goes to the protocols’ supply-side, although with new initiatives such as liquidity mining, this share is starting to decline.
• All protocols except Balancer had record monthly revenues in the first two months of 2020.