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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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Retail traders buying more Bitcoin than institutions: JPMorgan

Retail traders have been buying large amounts of BTC through PayPal and Square.

According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms.

JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square.

Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000 BTC over the same period.

JP Morgan has analyzed fund flows from retail platforms and institutional vehicles such as the Chicago Mercantile Exchange, as well as announcements from large funds on BTC purchases to inform its findings.

Senior market analyst at Oanda Corp, Ed Moya, attributed the retail activity to social media, the current NFT craze, and stimulus payouts. He told Bloomberg:

“Now, with the Reddit-fueled meme stock craze cooling and novelties such as digital artwork setting records, retail traders -- some now armed with $1,400 stimulus checks -- are taking control.”

He added that while “meme-stock” trading burnt many retail traders, Bitcoin has remained overwhelmingly bullish and has been their “bread and butter” during the pandemic.

Brian Vendig, president of MJP Wealth Advisors, suggested retail demand has been driven by fear of missing out (FOMO) following the recent wave of institutional investment into Bitcoin.

Data from crypto market aggregator, Glassnode, appears to confirm that retail investors have well and truly arrived. On March 15, Glassnode noted an entities net growth spike in 2021 adding:

“This is a strong indication that new retail investors have been entering the space.”
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