EddieJayonCrypto
25 Mar 22
• Shiba Inu is adding to its global reach with NowPayments bringing them to real-world businesses• Minecraft has been touched by the metaverse• Coinbase Wallet integrates with DeFi project Venus Protocol• Treasury Secretary Janet Yellen is skeptical, but thinks crypto can be healthy• Sen. Gillibrand...
• Shiba Inu is adding to its global reach with NowPayments bringing them to real-world businesses• Minecraft has been touched by the metaverse• Coinbase Wallet integrates with DeFi project Venus Protocol• Treasury Secretary Janet Yellen is skeptical, but thinks crypto can be healthy• Sen. Gillibrand has joined Senator Lummis in a cryptocurrency bill to introduce regulatory framework for cryptocurrency• BlackRock, a $10T asset manager, is looking to offer digital asset services to its clienteleA lot going on, even for a Friday! Here is what's on my mind.1. Shiba Inu is making some good news with a growth in global adoption by real-world businesses like Welly's, Sorbillo Pizzeria and even fashion label John Richmond. All of this is courtesy of NowPayments, a cryptocurrency payment gateway. I had mentioned the news about Welly's about 2 months ago when they went through their rebranding and stated they would be making this move. 2. Every hear of Minecraft? You know, the world's most played game. Well, play-to-earn metaverse Alien Worlds has announced a bridge between the two that would provide interoperability. This would open up some big doors to Minecraft players as they would have a wide range of decentralized games at their fingertips. Minecraft players would be able to earn Trilium, the native cryptocurrency in Alien Worlds. 3. Coinbase Wallet announced they have completed their integration with Venus Protocol, the top lending/borrowing protocol on BNB chain. Just in case you didn't realize, yes, this is a big deal as you have a major DeFi play native to the wallet. The protocol allows users to borrow or lend funds using XVS and 22 other cryptocurrencies as collateral. With TVL over $1.7B, Venus Protocol is the second largest protocol on the Binance ecosystem, right behind PancakeSwap at over $4.8B. 4. Treasury Secretary Janet Yellen is someone on the record saying Bitcoin is overblown. That said, it looks like she may not be as skeptical of cryptos as she once was. In an interview with CNBC's Andrew Ross Sorkin, Yellen said she still has skepticism because of valid concerns, but that the space is not a fad. She also recognizes that has substantially grown. During the interview she also confirmed her department is working on President Biden's Executive Order to research cryptocurrencies. 5. In a bipartisan effort Sen. Gillibrand has joined Senator Lummis in a cryptocurrency bill meant to create a framework for regulating cryptocurrencies. Both Senators are supporters of the space and are seeking to provide protection and address safety and soundness for the burgeoning industry. This is a major step as most Democrats are on record as being against cryptos with Republicans on the other side of the discussion. 6. Larry Fink, CEO and co-founder of BlackRock, an asset management firm with $10T in assets managed, stated they are looking into adding the management of digital assets to their portfolio of services. This could be far more than just a toe in the water. This could be a major gamechanger since they would most likely introduce the space to a lot of potential whales.