Skip to main content

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...
Post a Comment

Bitcoin is 'caged bull' ready to escape at $60K — Bloomberg Intelligence

Bitcoin is stuck in a "tame" post-halving scenario and has far to run before reaching its cycle peak, says the popular research outlet.

Bitcoin (BTC) is a "caged bull" and the end of its current price run is nowhere near at $60,000, says Bloomberg Intelligence.

In a tweet on April 12, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month. 

Analyst: 2021 bull market is "tame"

According to McGlone, who eyed a declining BTC supply coupled with roaring demand from new investors, Bitcoin has far to go before it reaches a cycle top, or "plateau."

"Still in Price-Discovery Mode, Bitcoin Plateau Appears Distant — Bitcoin supply is declining and demand is rising, leading us to expect continued price appreciation and the establishment of a higher plateau as the crypto matures," he commented.

BTC/USD with Bollinger Bands and 30-day moving average chart. Source: Mike McGlone/ Twitter

An accompanying chart described Bitcoin as a "caged bull, well rested to escape." It included Bollinger bands for Bitcoin, a popular tool for assessing upside and downside volatility.

Compared to the year after its two previous block subsidy halvings in 2012 and 2016, meanwhile, 2021 for McGlone is "tame" in terms of price action.

This chimes with other analysts' perspectives, among them the popular Ecoinometrics Twitter account, which on Monday again highlighted just how modest Bitcoin's post-halving growth has been over the past year compared to cycles past.

McGlone is a well-known Bitcoin fan, frequently voicing his excitement for the cryptocurrency's growth based on various macro and on-chain metrics.

Galaxy moves in on Bitcoin ETF

At the time of writing, BTC/USD hovered at around $60,400, having briefly broken below $60,000 support in what remain choppy trading conditions.

The upcoming Coinbase direct listing on Nasdaq was fuelling excitement among analysts, with altcoins likewise surging ahead of the launch on Wednesday this week.

Exchange coins, notably Binance Coin (BNB), led the gains, while largest altcoin Ether (ETH) also hit historic all-time highs.

The total cryptocurrency market cap stood at $2.087 trillion on the day.

Among institutions, crypto merchant bank Galaxy Digital became the latest actor to apply to launch a Bitcoin exchange-traded fun (ETF) in the United States. Regulators are yet to approve any of the now nine applications, but anticipation is high that they will finally do so after Canada beat the U.S. to the punch in February.

https://ift.tt/327jKIt
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

Bitcoin breaking new highs in Q4 will ‘temporarily turn alts to dust’ — Analyst

Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin ( BTC ) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27.  The move constitutes a rejection at a “critical” zone to break, Cointelegraph contributor Michaël van de Poppe explained, with $42,000 now the key level to hold for a higher low. Bitcoin is acting in an increasingly narrow range, he summarized in his latest YouTube update. “Right now, we’re stuck,” he said, pointing to $47,000 as next should the $44,600 zone be reclaimed. On the downside, the zone between $38,000 and $40,000 remains valid for a bounce, while a co...
Post a Comment
Read more