Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months, and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap’s UNI and AAVE.  The fast-moving prices and 1,000% annual percentage yield on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin’s (BTC) price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to…

Fed chair says it’s up to Congress to bring a digital dollar to market

Federal Reserve chair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar. In a House Financial Services Committee hearing today, Powell responded to questions from Representative Patrick McHenry, who said the digital dollar would likely face national and economic security issues for the United States. Powell said there were many concerns surrounding the project and the Fed intended to reach out to the public. “This is going to be the year in which we engage with the public pretty…

As Visa and Mastercard raise fees, merchants may look to crypto

Credit card providers charge merchants a cut of the payments they accepted, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative?  “Visa Inc. and Mastercard Inc. are planning to raise swipe fees for some types of credit-card purchases in April,” the Wall Street Journal reported on Wednesday, adding: “Though invisible to consumers, they [interchange fees] are glaring to merchants, which often end up paying fees of about 2% of their customers’ credit-card purchases. The fees are set by the…

Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade

Over the past few weeks Golem (GLM) price saw a strong rally which pushed the token to a 3-year high at $0.65.  The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 over the past three days. Nevertheless, GLM still holds a 230% gain in February alone. Golem is an Ethereum decentralized application that enables users to rent out computing-power resources. Since November 2020 the project has been migrating from GNT to GLM token after deploying a new…

CME Bitcoin futures numbers saw a 57% uptick in January

Bitcoin’s price rose significantly in January. The Chicago Mercantile Exchange, or CME, also hit record Bitcoin (BTC) futures trading numbers in the same month.  “In January, BTC average daily volume (ADV) reached a monthly record of 17,549 contracts (87.7K equivalent bitcoin),” a CME representative told Cointelegraph. Each CME Bitcoin futures contract is worth the value of 5 BTC paid out in dollars. “In December 2020, BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin),” the representative added. “This represents a +57% increase.” In January, Bitcoin rose from $30,000…

Why Has the Media Been So Reluctant to Unmask Andrew Cuomo? – CCN.com

Andrew Cuomo has been accused of sexual assault by one of his former aides. This accusation comes on the heels of allegations that he threatened a journalist. Those allegations stem from what appears to be a massive coverup that caused thousands of Covid deaths. And yet, Cuomo has been propped up by the mainstream media during this entire pandemic. It appears as though Andrew Cuomo has duped us all. The Governor of New York was propped as some sort of Covid messiah in the early days of the pandemic. It…

All of the Federal Reserve’s wire and ACH systems are down

All of the services available through the Federal Reserve’s online portal have been down for more than an hour. According to the Federal Reserve Bank Services’ website, the bank is experiencing a disruption in its account services, central bank, Check 21, check adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, and National Settlement — all services typically available — which started at 6:18 PM UTC today. In addition, all the access solutions that the Fed offers, with the exception of FedMail, are also offline.…

Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’

In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be “the first digital currency to represent a fiat currency” issued and backed by a North American bank. VersaBank said it had partnered with Canada Stablecorp, a joint venture between investment fund manager 3iQ and blockchain firm Mavennet, to launch the “stablecoin.” The bank plans to make VCAD available to the public “in the coming…

ETH mining still highly profitable despite upcoming Eth2 upgrade

Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes of Bitcoin (BTC), Ether (ETH) and various other coins have seen monumental gains in value. The increased volume of transactions and users have also directly benefited the cryptocurrency mining ecosystem. Ethereum miners in particular have banked serious profits due to the success of decentralized finance projects…