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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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BlockFi clients earn record interest payments in February

Zac Prince, BlockFi’s CEO, said his company paid out 450 in BTC, 5,000 in ETH and 6 million in stablecoins last month.

Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. 

The interest payments were comprised of 450 in Bitcoin (BTC), 5,000 in Ethereum (ETH) and 6 million in stablecoins, CEO Zac Prince said.

Clients of BlockFi are able to earn interest on Bitcoin, Ethereum and stablecoins by depositing their cryptocurrencies into an interest-bearing account. The company has grown in popularity as more users look to earn passive income on their digital assets.

In addition to savings accounts, BlockFi also provides collateralized crypto loans, which allow users to stake their assets for fiat currency.

In February 2020, BlockFi secured $30 million in funding from some of the crypto industry’s biggest investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital. With digital assets increasingly becoming mainstream, the platform has been able to attract more clients over the past 12 months.

As Cointelegraph previously reported, BlockFi entered into a partnership with Visa in December 2020 to launch a new Bitcoin rewards credit card. The new card allows users to earn BTC on purchases rather than airline miles or cash. Cardholders are eligible to receive 1.5% of their purchase back in BTC.

The growth of BlockFi has coincided with a surging bull market for digital assets. The combined market cap of all cryptocurrencies peaked north of $1.7 trillion last month. While the market has cooled, the collective value of cryptocurrencies currently sits at just under $1.5 trillion.

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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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