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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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Elon Musk Sees Dogecoin as ‘Stimulus for People Kicked by Pandemic’ but Says ‘Please Invest With Caution’

Elon Musk Sees Dogecoin as His 'Stimulus for People Kicked by Pandemic' but Cautions About Crypto Investing

Spacex and Tesla CEO Elon Musk sees dogecoin as his “private stimulus for the people” that represents “legit hope for people” hit by the coronavirus pandemic. While the price of dogecoin has been pumping alongside a number of other cryptocurrencies, Musk cautioned, “Cryptocurrency is promising, but please invest with caution.”

Elon Musk Sees Dogecoin as His Stimulus for the People

Elon Musk has been tweeting about dogecoin and cryptocurrency investing leading up to him hosting Saturday Night Life (SNL) on May 8 with Miley Cyrus as the musical guest.

Responding to a tweet on Friday suggesting that “Dogecoin was in a way Elon’s private stimulus for the people,” Musk said, “That’s how I feel about it.” The tweet includes an image of a sign that says, “Dogecoin represents legit hope for people kicked by pandemic. Change my mind.”

Elon Musk Sees Dogecoin as 'Stimulus for People Kicked by Pandemic' but Says 'Please Invest With Caution'

Dogecoin’s price is currently $0.7172 at the time of writing; its market cap is $92.88 billion. The meme coin’s price has increased more than 98% this month and almost 7,000% since the beginning of the year.

As investors pile into dogecoin ahead of Musk’s SNL, the Tesla technoking tweeted Thursday night:

Cryptocurrency is promising, but please invest with caution.

His tweet included a video posted by TMZ back in February of him talking to reporters about dogecoin and cryptocurrency investing. In the video, Musk was asked whether dogecoin “can really be the next currency for the world.” He replied, “I think it should be the will of the people.”

He was then reminded of some problems with dogecoin that do not exist with bitcoin, such as its unlimited supply. Musk proceeded to caution investors. “First of all, I think people should not invest their life savings in cryptocurrency,” he warned. While stating that people could invest in cryptocurrencies if they want to speculate and have the resources to do so, the Tesla CEO reiterated:

Don’t take too much risk on crypto.

What do you think about Elon Musk’s comments on cryptocurrency investing and dogecoin? Let us know in the comments section below.

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