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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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South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.

Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media.

In an email to Cointelegraph, a representative for Nexon said that the firm "has not invested in Bithumb and has no plans to acquire that company." The email clarified that claims to the contrary had resulted from "an inaccurate news account last week." "We cannot comment on the investment plans of other companies," the representative added.

The prospective sale of the exchange has reportedly been on the agenda since late August 2020, with preliminary bidding ostensibly held in September. Yet the process, if underway, appears to be complicated by the ongoing police investigation involving Lee Jung Hoon, chairman of board at Bithumb Korea and Bithumb Holdings.

A parallel investigation into a Bithumb executive over allegations of fraud has further raised a question mark over the exchange's prospects of securing a legally required registration as a crypto entity with the Korean authorities, as well as alleged plans to launch an initial public offering, reported in June 2020.

Despite at least two police raids of the exchange's offices connected to these investigations, the exchange remains popular in the Korean crypto market and is currently the 6th largest platform in the industry worldwide by daily traded volume, according to CoinMarketCap data.

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