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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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Beijing investigates crypto mining farms to improve energy efficiency

Bitcoin's electricity bill has been attracting the attention of regulators worldwide.

Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday.

The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking them to report whether they are involved in mining Bitcoin (BTC) and other cryptocurrencies. The notice required data centers to report the amount of power consumed by crypto mining, the report notes.

A bureau official said that notice recipients include China’s top-three telecom operators. He noted that he was not aware of the reason behind the initiative, or whether it is part of a nationwide campaign.

The news comes amid a recovering Bitcoin hash rate, which experienced a major drop in mid-April due to massive power outages in the Chinese mining hub of Xinjiang. After tumbling to as low as 106 million terahashes per second on April 17, BTC hash rate rebounded to around 166 million TH/s on April 28.

Bitcoin hash rate over the past three months. Source: Ycharts

Cryptocurrency mining's energy consumption has been getting more attention from regulators in recent months. Yesterday, a former government official argued that crypto mining was a major driver of the energy crisis in Kyrgyzstan. In late February, authorities of the Chinese autonomous region of Inner Mongolia proposed to shut down all crypto mining facilities by the end of April to reduce energy consumption.

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