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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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Reported volume of top South Korean crypto exchanges surpasses that of the country's stock market

The increase in volume came as the price of Bitcoin rose to a new all-time high of more than $61,000 Saturday.

The volume of transactions in the South Korean digital currency market briefly exceeded the daily average transaction amount of the country’s stock market on Sunday.

According to data from CoinMarketCap, the combined 24-hour volume of major South Korea-based crypto exchanges UPbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on Sunday. On Friday, the same metric was roughly $14.5 billion on the Korea Composite Stock Price Index, or KOSPI, and $10 billion on the Korean Securities Dealers Automated Quotations, or KOSDAQ.

The increase in volume came as the price of Bitcoin (BTC) rose to a new all-time high of more than $61,000 Saturday before dipping under $60,000 again.

It should be noted that trade volumes appearing on CoinMarketCap are not always believed to be accurate due to the prevalence of volume inflation. CoinMarketCap has introduced several initiatives to combat inflated volume data but the figures reported there are higher than what’s seen on Messari.

Some crypto exchanges in South Korea have experienced their share of regulatory and business-related challenges in the last year.

In August, local authorities seized Coinbit, the country’s third-largest cryptocurrency exchange, following allegations 99% of transaction volume on the exchange was faked through wash trading. Data from CoinMarketCap shows Coinbit’s 24-hour transaction volume is now just over $900 million.

In addition, major crypto exchange Binance’s Korean arm said it would close its doors in January, citing shrinking liquidity and low trading volume of its BKRW trading pairs. Bithumb, the second largest exchange in the country by volume, announced last week it would be implementing new Anti-Money Laundering and Know Your Customer measures.

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