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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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Kraken seeks $10B+ valuation in new funding round: Report

Kraken is reportedly in talks with top investment firms including Fidelity and Tribe Capital for a fundraising round that could value the company at $10 billion or more.

Major U.S.-based crypto exchange Kraken is reportedly in talks for a new funding round that could double the company’s valuation to $10 billion, or more.

The raise was reported by Bloomberg, who cited anonymous sources claiming Kraken is in discussions with top investors including, Fidelity, Tribe Capital, and General Atlantic.

One of the sources estimated Kraken’s valuation could soar as high as $20B billion depending on demand.

In 2019, Kraken used the crypto-friendly investment platform Bnk to the Future to raise $13.5 million from more than 2,000 participants at a $4 billion valuation.

The news comes amid anticipation for Coinbase’s direct listing IPO, with Coinbase’s market value recently rocketing to nearly $100 billion based on secondary trade in privately-held shares.

According to crypto market data aggregator CoinMarketCap, Kraken processed nearly $2 billion in volume over the past 24-hours, while Coinbase hosted $3.85 billion over the same period.

The news about the reported raise comes less than one week after many of its users threatened legal action over the violent Feb. 22 flash crash that saw Ether change hands for just $700 on Kraken while rival exchanges had prices above $1,300. The pricing triggered cascading liquidations on the platform.

Despite calls for refunds from affected margin traders, Kraken has indicated it will not refund users for losses or roll back trades.

Feb. 22 also saw Kraken post a new record for daily volume, hosting more than $4 billion worth of spot trades in 24 hours.

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