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

Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla suspended accepting bitcoin for payments, citing environmental concerns.

Elon Musk Will Not Sell His Dogecoins

Elon Musk confirmed this week that he has not sold any dogecoin and will not sell any. On Thursday, the Tesla CEO posted an image on Twitter with the question: “How much is that Doge in the window?”

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

Twitter user “Dave Lee” responded, “If you missed it this is the sticker on Elon Musk’s gaming laptop. Yes, that’s a dog on a dollar bill.” Musk replied with a clarification: “A longtime Tesla supporter gave me the Doge dollar sticker at Giga Berlin.”

Lee further tweeted: “To clarify, I don’t think Elon would ever sell any his Doge holdings. He’s the ultimate hodler.” The Technoking of Tesla confirmed:

Yeah, I haven’t and won’t sell any Doge.

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'

It is not known how much dogecoin Musk actually owns other than his tweet on Feb. 10 that he “Bought some dogecoin for lil X, so he can be a toddler hodler.” People have speculated anything from him not owning any DOGE to him being a dogecoin whale. Bitcoin News reported on Friday that Musk could be the owner of a mystery dogecoin whale address currently holding 36.7 billion dogecoins. The price of DOGE is currently $0.3560.

Elon Musk Says He Won't Sell Any Dogecoin, Admits He's the 'Ultimate Hodler'
The price chart for dogecoin. Source: Markets.Bitcoin.com

Musk previously voiced some concerns about the meme cryptocurrency. “Too much concentration is the only real issue,” he said in February, adding, “I will literally pay actual $ if they [dogecoin whales] just void their accounts.”

Nonetheless, he has been all about dogecoin lately, calling himself the Dogefather on several occasions, including during his performance on Saturday Night Live (SNL) on May 8. Musk’s company Spacex also announced that the Doge-1 satellite will be launched to the moon next year. On May 11, Musk set up a poll on Twitter asking his followers if Tesla should accept dogecoin; 78.2% of voters said yes.

After announcing that Tesla has suspended accepting bitcoin for payments, Musk revealed he was “Working with Doge devs to improve system transaction efficiency.” On May 15, he tweeted: “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.” His comments have drawn much scrutiny from the crypto community.

As for whether Tesla will sell its BTC stash, Mush tweeted that “Tesla has [diamond hands emojis]” and “Credit to our Master of Coin.” Both Musk and Tesla have confirmed that Tesla has not sold its bitcoins while Musk said that he himself has not sold his BTC.

Meanwhile, the environmental debate between Musk and the bitcoin community has escalated with a growing number of people trying to show Musk that he has been misinformed. For example, Ark Invest said that bitcoin mining could be a net positive for the environment while Shark Tank star Mark Cuban explained that accepting bitcoin actually benefits the environment.

Do you think Elon Musk will ever sell his dogecoin? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

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 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

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more