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...

Michael Saylor is not just a Bitcoin maximalist: ‘There’s a place for everybody’

The MicroStrategy CEO sees Ethereum as a serious competitor to the financial industry.

MicroStrategy chief Michael Saylor has room in his heart for other cryptocurrencies aside from Bitcoin, the billionaire revealed on an episode of CNBC’s Fast Money, in which he aired his views on the industry and where he sees things going in the future.

In the interview with CNBC’s senior retail reporter Courtney Reagan on Tuesday, Saylor was initially asked why the software firm keeps buying BTC. The question referred to the company's June 14 announcement it may sell up to $1 billion worth of stock for further BTC acquisitions.

Saylor described Bitcoin as “digital gold on a big tech network,” predicting it will be adopted by billions of people worldwide.

Perhaps the most interesting comments in the interview however came when Fast Money co-host Guy Adami bought up the topic of "Bitcoin maximalism" after Googling the term. He probed Saylor for his thoughts on Ethereum an asking if there was room in the firm’s strategy for ETH too.

Saylor said he saw Bitcoin as “digital property” and the most valuable and dominant network, comparing it to the building block foundations of the ecosystem:

“Think of it as like granite blocks in cyber Manhattan. Then you’ve got digital currency that is like Tether and stablecoins, they want to be money markets in cyberspace … Then you’ve got digital applications like Ethereum.”

He added that “Ethereum wants to dematerialize the JP Morgan building and the banking establishment and all of the exchanges,”

He asserted that there was a place for different crypto assets, adding: “I think that as the market starts to understand these things, there’s a place for everybody.”

The software firm CEO did not suggest the company would be making any moves to buy up Ethereum or any other crypto assets in the near future, however.

Related: MicroStrategy stock slides after announcing new $400M debt raise to buy Bitcoin

In a Monday filing with the U.S. Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering, which would allow it to sell up to $1 billion of its stock over time.

On June 9, the firm announced that it had completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase more Bitcoin.

Saylor outlined his thinking in a poll of his 1.2 million Twitter followers, asking them whether they thought BTC prices would exceed 6.125% over the next seven years (which is how much MicroStrategy has to pay back to bond buyers over the period). Ninety percent of the 105,000 respondents had voted yes at the time of writing.

Bitcoin Treasuries reports that MicroStrategy currently holds 92,079 BTC which is worth $3.68 billion at current prices.

https://ift.tt/3vrV9dO

Comments

Popular posts from this blog

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...

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...