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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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Bitcoin Cash no longer a top-10 cryptocurrency after being hounded out by Dogecoin

Together with Stellar, Dogecoin passes Bitcoin Cash by market cap and leaves the struggling altcoin in 12th place.

The fortunes of beleaguered Bitcoin (BTC) spin-off Bitcoin Cash (BCH) took a turn for the worse on Feb. 8 as it was chased out of the top ten cryptocurrencies — by Dogecoin (DOGE).

Data from Cointelegraph Markets and CoinMarketCap showed BCH now occupying 12th place after being passed by both DOGE and Stellar (XLM).

BCH kicked out of the top ten

The latest embarrassment for the altcoin, which last week lost its footing to Binance Coin (BNB) and in January was superseded by Chainlink (LINK), thus relegates it from the top ten cryptocurrencies by market cap.

At the time of writing, BCH had a market cap of $8.48 billion, behind Stellar's $8.63 billion and DOGE's $9.59 billion, the latter having risen 25% in the past 24 hours.

While Bitcoin itself has gone from strength to strength, BCH has yet to see any real benefits beyond the occasion commitment from figures such as Kim Dotcom. The altcoin's proponents tout it as a superior alternative to Bitcoin thanks to its faster and cheaper transactions.

"I joined team BCH early January. This is just the beginning," Dotcom promised in a recent tweet.

BCH/USD 1-week candle chart (Coinbase). Source: TradingView

DOGE rebound sees criticism

DOGE had seen a boost on Monday thanks to a fresh endorsement from rapper Snoop Dogg and Elon Musk, who delivered yet another tongue-in-cheek tweet about his alleged fondness for the coin. In an interview last week, Musk had already confirmed that he was a Bitcoin "supporter."

"Doge appears to be inflationary, but is not meaningfully so (fixed # of coins per unit time), whereas BTC is arguably deflationary to a fault," he wrote.

"Transaction speed of Doge should ideally be a few orders of magnitude faster."
DOGE/USD 1-day candle chart (Bittrex). Source: TradingView

His publicity struck a nerve with some. Saifedean Ammous, author of "The Bitcoin Standard," decried the practice of promoting a cryptocurrency which openly has no function to unwitting potential investors.

"Wow such genius humor!! Incredible intelligence is needed to appreciate the genius of promoting a scam to 40 million followers," he responded.

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