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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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Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million

Finland Looking for Broker to Sell Seized Bitcoins Worth $80 Million

Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million.

  • Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order.
  • At the time of writing, the bitcoin stash is worth $78.75 million.
  • Most of the seized coins were accumulated in raids before 2018. The Finnish State Treasury set out guidelines for handling crypto assets that year. It prohibited authorities from storing cryptocurrencies at exchanges, requiring them to keep the coins offline.
  • Pekka Pylkkanen, Finnish Customs’ director of financial management, explained that the authorities want a permanent solution to “safely and reliably” sell cryptocurrencies forfeited to the state coffers in the future. The customs agency described in a statement:

The main aim of Finnish Customs is to make sure the cryptocurrencies are sold in a secure way, preventing further money laundering and criminal activities.

  • Finnish Customs said that it could sign an agreement with as many as three brokers for the sale of seized BTC, the publication conveyed, adding that the agency anticipates “more cryptocurrency seizures.”

What do you think about Finland looking for brokers to help sell seized bitcoin? Let us know in the comments section below.

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