Caribbean Crypto Hotbed: More Than 40 Businesses Accept Bitcoin Cash in Antigua

Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. During the last few years, a myriad of Caribbean-based island nations are getting into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become…

Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higher

Yearn.finance has been busy announcing a slew of mergers in the past week, and these have the decentralized finance space buzzing once again. Just after the Yearn and Pickle Finance merger, Yearn has announced a partnership with Cream to launch Cream v2. Some of the key takeaways are that teams from both protocols will merge their development resources and Yearn vault shares can be kept as a collateral to borrow on Cream. Yield farmers might also benefit as Yearn vault strategies will have access to leverage through Cream. The collaboration…

Not Having Bitcoin in Your Portfolio Is Career Risk

BlackRock has seen over 600,000 hits on its website for Bitcoin, with COVID-19 and ‘Monetary Policy’ being the joint second-highest at just 3,000 hits each. 4% Bitcoin Portfolio Allocation Masters believes that companies that invest in Bitcoin are getting an edge over their rivals. He cited MicroStrategy, Square and PayPal, all of whom have outperformed the market. The CoinShares boss believes that this is as a result of these companies going public with their exposure to Bitcoin. CoinShares has grown to become one of the public companies with the largest…

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OCC works to win back House Democrats, still miffed at leader’s focus on crypto

The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s Project REACh is expanding to include a pledge of large and mid-sized banks partnering with MDIs. The pledge requires the partner bank to expand investment and support for executive development at the MDI that it works with. MDIs are simply banks or credit unions that are majority-owned by ethnic or racial minorities. They are seen as…

DeFi project Aave unlocks collateral with version 2 release

The decentralized finance niche of crypto has boomed in 2020, paying users interest on locked funds (collateral) in exchange for loans. DeFi protocol Aave recently unveiled its second version, V2, adding further potential to the sector.  “In DeFi, assets that were being used as collateral were tied up, but now with V2 they are free to be traded,” Aave founder Stani Kulechov says a blog post on Thursday. “Users can trade their deposited assets, across all currencies supported in the Aave Protocol, even when they are being used as collateral.” …

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Blockchain Bites: Bitcoin’s Edge as a Hedge and Crypto’s Reaction to the STABLE Act

At stake Destabilizing Act?Crypto Twitter, like the U.S. Congress, is largely divided between warring factions and in-groups. But for once it looks unified. All it took was a proposed bill to further regulate stablecoin issuers, the so-called STABLE Act. The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act would require stablecoin issuers – like Tether, Centre or Diem (formerly Libra) – to apply for federal banking charters, hold minimum Federal Deposit Insurance Corporation reserves and register with the Federal Reserve. They would also be required to undergo ongoing analysis of…

SWIFT enables instant cross-border payments

SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape.  The cooperative announced Thursday that United Kingdom-based Lloyds Banking Group has become the first to connect with SWIFT gpi Instant, the high-speed cross-border rail that settles payments in seconds. The payment system connects SWIFT gpi with the U.K.’s Faster Payments infrastructure, allowing customers to send cross-border payments 24 hours per day, seven days per week. According to SWIFT, the new system: “Enables banks…

Audio streaming giant Spotify is looking into crypto payments

Spotify, one of the world’s largest streaming audio providers, is looking for candidates with a crypto background to fill a new role at the company. According to a recent job post, the company is looking for an outstanding associate director to join its payments strategy and innovation department. According to an announcement on LinkedIn, the new job listing was published on Wednesday. The new position is expected to play a key role in defining and implementing Spotify’s payments strategy as well as furthering the company’s involvement in Facebook’s recently rebranded crypto…