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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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Huobi Global now supports ruble deposits and withdrawals

Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble.

Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform.

According to a Jan. 12 announcement, Huobi Global now supports deposits and withdrawals in the Russian ruble. The new feature enables users to purchase and sell major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Tether (USDT), and Litecoin (LTC) for rubles. Other supported coins include EOS, Bitcoin Cash (BCH), Ethereum Classic (ETC), Bitcoin SV (BSV), DASH, as well as two Huobi-backed tokens like Huobi Token (HT) and Huobi Pool Token (HPT).

To add ruble support, Huobi partnered with AdvCash, a fiat and crypto payment processor. The exchange previously collaborated with AdvCash to introduce ruble-denominated crypto purchases on its over-the-counter desk. AdvCash also provides fiat onramp services to Binance, the world’s largest crypto exchange.

The maximum deposit and withdrawal amounts are capped at 100,000 rubles ($1,350) and 50,000 rubles ($670), respectively. In order to deposit or withdraw rubles on Huobi, users will have to proceed with Know Your Customer checks.

Huobi has been actively expanding into the Russian market. In September 2020, Huobi Global rolled out a mobile app in Russia, allowing local users to buy major cryptos like Bitcoin through the app. The exchange said that Russian residents make up 10% of its total spot trading volume.

At the beginning of the year, Russia's long-awaited crypto law “On Digital Financial Assets” finally came into effect. The law provides a legal basis for the crypto industry but prohibits Russians from using crypto as payment.

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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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