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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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Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme

Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme

Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months.

  • Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the “Oz Project.”
  • The police said the group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is between 10,000 and 20,000.
  • According to investigators, the four men arrested were Shoji Ishida (59), Yukihiro Yamashita (61), Takuya Hashiyada (46), and Masamichi Toshima (52). Ishida is allegedly the operator of the Oz Project.
  • They allegedly lured investors by promising them that their crypto investments would increase 2.5 times in four months.
  • Investigators suspected that the group began duping people four years ago, holding seminars across Japan. The group allegedly told investors that their funds would be invested in cryptocurrency using an automated AI trading system, which in fact did not exist.

What do you think about this crypto investment scheme in Japan? Let us know in the comments section below.

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