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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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Morgan Stanley to consider Bitcoin for $150 billion investment wing

Another domino falls in crypto’s institutional takeover

According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin. 

Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $150 billion in assets under management, “is exploring whether the cryptocurrency would be a suitable option for its investors.”

Morgan Stanley’s website describes Counterpoint Global as a fund specializing in investments “whose market value can increase significantly for underlying fundamental reasons.” The fund is up 72.7% on the year, significantly outperforming the MSCI All Country World Net Index returns of 16.25%.

The growing interest in Bitcoin shouldn’t necessarily come as a surprise, given that the company has made significant investment in Microstrategy. In Janurary, Cointelegraph reported that Morgan Stanley had purchased a 10% stake in Microstrategy, whose stock has been on a tear and whose CEO has become a Bitcoin icon since announcing a strategic investment in Bitcoin last year.

Morgan Stanley isn’t the only major banking institution looking to get involved with cryptocurrencies, either. On their q4 earnings calls, both JP Morgan and Visa reaffirmed plans to maintain crypto payment services, and representatives of both companies expressed interest in further development if clients and market conditions demanded.

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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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