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...
Post a Comment

Andrew Yang says he'll transform NYC into a Bitcoin hub if elected mayor

Andrew Yang has plans for New York City that cryptocurrency users anywhere would find appealing.

Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.”

The former presidential candidate made the comment in a tweet earlier today which drew a flurry of mixed reactions, with some proclaiming it to be a campaign-selling maneuver and others equating it to political suicide.

The most unifying reaction, however, was the demand that Yang use his powers, if elected, to end the BitLicense, enacted by the New York Department of Financial Services. Meltem Demirors, CSO of digital assets management company CoinShares, suggested Yang would need to deal with bo high state taxes and the Bitlicense to make his plan a reality.

In a recent interview with Forbes, Miami mayor Francis Suarez discussed the possibility of paying city employees in Bitcoin to encourage cryptocurrency adoption in the area. Yang actually floated a similar idea in a Sept. 2019 interview, describing the benefits of a government-issued, digitally-based “social currency” which could be exchanged 1:1 with the U.S. dollar.

Yang is currently is leading the Democratic field in popularity and name recognition among voters according to recent polling that saw him streets ahead of Brooklyn Borough President Eric Adams and City Comptroller Scott Stringer.

In sharp contrast to most of his political peers, Yang has vocalized his support for Bitcoin several times in the two years he has been on the mainstream media’s radar. His outspoken beliefs have earned him the title of “Best President for Bitcoin” from some in the cryptocurrency community.

New York has a tumultuous relationship with Bitcoin. The introduction of the BitLicense in 2015 was initially regarded as something of a disaster, potentially stifling the innovation of fintech by imposing draconian restrictions on cryptocurrency use. By 2020, however, the fruits of regulation were paying off with the regulatory clarity under the Bitlicense enabling corporate giants like PayPal, Gemini and Coinbase to attract the deep pockets of Wall Street.

In 2019, during the lead up to his presidential run, Yang argued that congress lacks the basic knowledge required to enact effective cryptocurrency legislation, and that countries which are ahead of the U.S. in regulation will eventually “(dictate) the rules that we’ll need to follow once we catch up.”

Yang was reportedly on the short list of potential nominees to fill the Secretary of Commerce position under the Biden administration. Receiving just 0.45% of the vote in the 2020 Democratic Party presidential primary, Yang dropped out of the race on Feb. 11 2020, endorsing Biden the following month. In January he announced he was running for Mayor of New York.

https://ift.tt/2LIjawd
Labels:

Comments

Post a Comment

Popular posts from this blog

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...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more