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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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Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF

On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE).

One River’s Bitcoin ETF Aims to Provide a Fund That Offsets Carbon Emissions Associated With Bitcoin Mining

Carbon-neutral bitcoin mining has been a topical conversation these days within the cryptocurrency community. One River is taking bitcoin funds to a different level by registering for a carbon-neutral bitcoin ETF with its partner the carbon credit platform MOSS. The CEO of MOSS Luis Felipe Adaime detailed in April that the “MOSS Carbon Neutral Custody allows any institutional or corporate investor a means to offset the carbon emissions associated with crypto assets.”

On May 24, 2021, One River filed a Form S-1 registration with the SEC in order to disclose the company’s prospectus summary of the “One River Carbon Neutral Bitcoin Trust.” Common shares are to be listed on NYSE if the SEC approves the ETF, and performance will be measured with the MVIS One River Carbon Neutral Bitcoin Index. The ETF will leverage the spot price of carbon credits to offset calculations tethered to bitcoin energy consumption.

“The Index is constructed using bitcoin price feeds from eligible bitcoin spot markets and volume-weighted median price average (“VWMP”), calculated over 20 intervals in rolling three-minute increments with adjustments to reflect the current spot price of carbon credits necessary to offset the estimated carbon footprint attributable to each bitcoin,” One River’s ETF filing notes. “The Index is designed to reflect the performance of bitcoin in U.S. dollars on a carbon-neutral basis,” the filing adds.

Crypto Community’s Focus Continues to Center on Bitcoin’s Energy Consumption

The trust will hold bitcoin and offer direct exposure to the leading crypto assets in USD but on a “carbon neutral basis.” Essentially, the trust offered by One River “provides direct exposure to bitcoin, and the Shares of the Trust are valued on a daily basis using the same methodology used to calculate the Index, as adjusted to reflect the expenses associated with the offsetting carbon credits.”

One River’s Carbon Neutral Bitcoin Trust filing with the SEC, follows the topical conversation being discussed during the past two weeks ever since Tesla stopped accepting bitcoin (BTC) for payments. More recently, Musk has been talking about working with North American bitcoin miners with the creation of a Bitcoin Mining Council. The focus on the Bitcoin network’s energy consumption has not left the limelight since, and One River’s filing comes at an interesting time.

What do you think about One River’s Carbon Neutral Bitcoin Trust filing on Monday? Let us know what you think about this subject in the comments section below.

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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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