Skip to main content

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...

New Jersey Gym Claims State Seized $173K From Bank, Owner Discusses Cryptocurrency Solutions With Tucker Carlson

On January 14, Ian Smith, the co-owner of the Atilis Gym in New Jersey appeared on Fox News with the news anchor, Tucker Carlson, and discussed his battle with the state of New Jersey’s coronavirus lockdown orders. Smith and his business partner have defied the state’s lockdown orders and remained open for months. The Bellmawr establishment has been fined $15k per day, as the company does not adhere to enforcing Covid-19 protocols. On Wednesday evening the state of New Jersey allegedly took action and seized $173,613 from the gym owner’s bank account.

Atilis Gym Owner Claims the State of New Jersey Seized $173K from His Bank Account

The co-owner of the Bellmawr, New Jersey (NJ) establishment Atilis Gym is extremely upset because he says his legal funds were confiscated by the state on Wednesday. Ian Smith and his business partner, Frank Trumbetti, own and operate the gym. Since the start of the coronavirus outbreak, the establishment has refused to follow Covid-19 protocols enforced by the state.

The co-owners of the Bellmawr, New Jersey (NJ) establishment Atilis Gym, Ian Smith (left) and Frank Trumbetti (right).

For instance, Atilis Gym does not require gym patrons to wear masks inside while working out. After refusing to follow the lockdown protocols assigned by NJ Governor Philip Murphy and the State Health Commissioner, Judith Persichilli, Atilis Gym has been fined $15k per day for remaining open in this manner.

In July, NJ law enforcement officials barricaded the Atilis Gym entrance and arrested Smith and Trumbetti for defying court orders. A week later, Smith and Trumbetti filmed themselves breaking down the barricades the state leveraged to block the Atilis Gym’s doors. Smith and his partner stress that there have been zero cases of Covid-19 traced back to the gym.

After the $15k daily fines started to add up, the levy against the NJ establishment has climbed well over a million U.S. dollars to-date. This week, Smith tweeted that the state had upped the enforcement on Wednesday by seizing $173,613 from the gym owner’s bank account.

Smith said:

Moments ago Governor Murphy and his cronies seized 100% of the Atilis Gym legal defense money ($173,613.60) in the middle of our appeals process – effectively and intentionally interfering with our right to counsel. If you think that’s gonna make us stand down, you’re delusional.

Cryptocurrencies Are One of Most Frequent Recommendations, Says New Jersey Gym Owner

Following the tweet, a few people recommended that the Atilis Gym owner accept cryptocurrencies like bitcoin. Smith also appeared on Fox News after the funds were seized, and he discussed the incident with the news anchor Tucker Carlson.

“This is in the middle of an appeals process and ongoing litigation in the matter of the fines and several other matters regarding the state, including a lawsuit against Governor Murphy and [the State Health Commissioner] Judith Persichilli,” Smith explained to Carlson. During the episode, Tucker Carlson also mentioned the subject of cryptocurrencies.

“How long do you think they’ll allow cryptocurrencies to exist,” Carlson asked the Atilis Gym owner chuckling to himself. Continuing to laugh, Carlson further said “Sorry, it’s just a thought as they can’t seize it from you…” Smith replied to Carlson’s cryptocurrency comment and said: “No, they can’t [seize crypto].”

The Atilis Gym owner further added:

That’s actually one of the frequent recommendations for people who want to continue to donate is to set up a cryptocurrency account.

It’s uncertain whether or not Ian Smith and Frank Trumbetti will set up a cryptocurrency account in order to accept censorship-resistant donations. Whether the Atilis Gym owners do decide to accept crypto or not, the story still highlights the benefits of crypto assets like bitcoin that cannot be seized in such a manner. This is likely why digital currencies are one of the most frequent recommendations given to the New Jersey gym owners. Despite Smith’s most recent claims on Twitter and Fox News, the NJ Attorney General’s office disputes the money seizure.

“This information is not accurate,” an NJAG spokesperson told the news anchor Carlson. “The State has not seized [its] bank account funds. However, the State has obtained judgments against the owners, and intends to collect on them. Whether that affects the entire balance of the gym’s funds is a question to ask the bank,” the NJAG spokesperson added.

What do you think about the Atilis Gym owner’s problems with the state? Do you think they should accept cryptocurrencies like bitcoin? Let us know in the comments section below.

Comments

Popular posts from this blog

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...

Bitcoin breaking new highs in Q4 will ‘temporarily turn alts to dust’ — Analyst

Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin ( BTC ) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27.  The move constitutes a rejection at a “critical” zone to break, Cointelegraph contributor Michaël van de Poppe explained, with $42,000 now the key level to hold for a higher low. Bitcoin is acting in an increasingly narrow range, he summarized in his latest YouTube update. “Right now, we’re stuck,” he said, pointing to $47,000 as next should the $44,600 zone be reclaimed. On the downside, the zone between $38,000 and $40,000 remains valid for a bounce, while a co...

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...