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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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Block.one secures funding for $10B EOS-based crypto exchange platform

The EOS-based Bullish Global crypto exchange platform is expected to go live later in the year.

Blockchain software firm Block.one has announced plans to launch a cryptocurrency exchange subsidiary.

According to a release published on Tuesday, the platform — dubbed “Bullish Global” — will run on the EOS blockchain.

As part of the announcement, the EOSIO developer revealed that it had raised capital to the tune of $10 billion for the crypto exchange. This sum includes $300 million in investor funding from the likes of Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon.

The remaining capital sum reportedly came from Block.one’s crypto holdings, including 164,000 Bitcoin (BTC) — worth about $9 billion at the current market value — and 20 million EOS. The EOSIO developer also reportedly came up with another $100 million cash injection for Bullish Global.

Back in January, Cointelegraph reported that Block.one’s Bitcoin holdings stood at about 140,000 BTC. Commenting on the planned crypto exchange, Block.one CEO Brendan Blumer said:

“The Bullish exchange will leverage blockchain technology and a new market architecture to revolutionize the high-performance trading landscape by transparently automating expensive third-party functions and turning them into yield-generating portfolio management tools to offer institutions and individuals better and safer access to the latest cryptocurrency investment strategies.”

The company revealed that Bullish Global will combine features of centralized and decentralized crypto exchange architecture and operations. Block.one also stated that the planned exchange will function as an independent entity.

Apart from offering automated market-making services, the Bullish exchange will also provide lending markets as well as portfolio management tools for users.

Also commenting on the announcement, Novogratz predicted that Bullish Capital will hit the ground running based on its sheer size and scale.

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