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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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SBI looking to set up joint crypto ventures with foreign firms

SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.

Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies.

SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals.

As part of the initiative, SBI is considering large-scale mergers and acquisitions. Kitao stated that such a deal would be necessary for SBI to maintain its position as a leading financial services company:

“To become number one in the world, our choice is buying a leading company or creating an alliance with major global companies [...] Our M&A strategy will not be something like taking minority stakes in many companies.”

SBI’s plans on the upcoming global crypto venture were apparently pushed by major financial institutions like Tesla and Mastercard announcing their crypto-related plans last week. 

“Institutional investors, mainly hedge funds, have recently started investing in cryptocurrencies [...] Not just institutional investors but also Elon Musk has,” Kitao said.

Kitao did not specify the potential partners. SBI did not immediately respond to Cointelegraph’s request for comment.

In December 2020, SBI announced a joint crypto-related venture with Switzerland’s principal stock exchange, SIX Swiss Exchange. As part of the initiative, SIX Digital Exchange and SBI’s crypto arm SBI Digital Asset Holdings were launching a new crypto platform in Singapore.

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