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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Alleged 'kingpin' of a 25M rupee Indian crypto scam arrested at Delhi airport

The man is said to have convinced people to invest in a 2017 scheme promising monthly returns of over 20%.

A 60 year-old man was arrested at Indira Gandhi International Airport in Delhi on Dec. 31, for allegedly heading a 25 million rupee ($340,000) cryptocurrency scam.

Umesh Verma, a former jeweller and greeting card maker, was held by the Economic Offences Wing of Delhi police after arriving from Dubai.

Police allege that Verma, along with his son Bharat, convinced hundreds to invest in a scheme going by the name of Pluto Exchange, promising monthly returns of 20 to 30%.

The scheme issued a ‘cryptocurrency’ called Coin Zarus in exchange for investments. However, shortly after the scheme launched in November 2017, returns dried up and Verma reportedly dropped off the radar, eventually resurfacing in Dubai in 2018.

Delhi police filed a case of misappropriation of funds against Verma in September this year, leading to his New Year’s Eve arrest.

According to a report by the Hindustan Times, Pluto Exchange also launched India’s first mobile app for cryptocurrency, promising the ability to buy, sell and store Bitcoin (BTC) using only a mobile number.

Verma had previously been arrested in December 2017 over an unrelated gold smuggling case.

The Indian Supreme Court this year lifted a central bank ban on banks dealing with cryptocurrency firms. However, a recent survey suggested that most investors in the country still see no easy way to gain exposure to crypto assets.

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