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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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SEC issues first ever charges over phoney ‘insider information’ on darknet

The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace.

The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet.

According to the March 18 complaint, Jones is accused of accessing a darknet-based insider trading forum in late 2016 to seek material non-public information, or MNPI, on which to trade securities.

He was unsuccessful in obtaining any useful MNPI from the forum, but in the spring of 2017, Jones allegedly began selling insider stock tips himself under the false pretext he was privy to MNPI obtained both from the forum and corporate sources he claimed to be personally affiliated with. Jones is believed to have received roughly $27,000 worth of BTC for the fraudulent tips.

Jones’ tips were believed to be general predictions as to whether a stock would go up or down, with Jones sometimes selling tips for the same stock to go in both directions to different customers. When tips failed, Jones would offer another tip for free in exchange for positive reviews on a darknet marketplace.

The alleged fraudster also began operating a collective investment pool in 2017, laiming to make trades on behalf of investors. However, Jones was not trading with investors’ funds, and would instead return a small amount of the principal invested as purported profits to lure his victims into depositing additional funds.

The SEC accuses Jones of having acted in violation of anti-fraud provisions of the Exchange Act, and is seeking disgorgement of ill-gotten gains plus interest, civil penalties, and permanent injunctive relief.

David Peavler, the director of the SEC’s Fort Worth regional office, noted that the agency has committed significant resources to investigate crime on the dark web, stating:

“This case shows that the SEC can and will pursue securities law violators wherever they operate, even on the dark web. We have committed staff and technology to pierce the cloak of anonymity these wrongdoers try to throw over their crimes.”
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