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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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BitMEX's Arthur Hayes surrenders in Hawaii, released on $10M bond

The former CEO of BitMEX surrendered in Hawaii and was later released after posting a $10 million bond.

Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives.

In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur who has been wrongly accused of crimes that he did not commit,” adding:

“Mr. Hayes voluntarily appeared in court and looks forward to fighting these unwarranted charges.”

Hayes was released after posting a $10 million bail bond pending future proceedings in New York.

Hayes’ lawyers proposed his surrender in Hawaii last month. Discussions centered around Hayes’ potential release subject to the $10 million bail bond, his retention of a passport for travel between Singapore and the United States, and a waiver of extradition mutually agreed upon by both parties.

Hayes’ representation began talks with the U.S. government after his indictment was unsealed in October 2020.

The government accuses Hayes, BitMEX co-owners Ben Delo and Greg Dwyer, and former BitMEX CTO Samuel Reed of violating the Bank Secrecy Act by failing to maintain adequate anti-money laundering safeguards and failing to prevent U.S. residents from accessing the exchange despite the company not being registered with the Commodity Futures Trading Commission.

Reed was arrested in October, while Delo voluntarily surrendered to authorities in New York last month, with both pleading not guilty and being released on bond. Dwyer remains at large, however his lawyers state they have notified the U.S. government as to Dwyer’s whereabouts and intention to fight the charges against him.

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