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...
Post a Comment

Pro-Trump MAGACOIN crypto launch marred by website data breach

Roughly 75 million MAGACOIN were created to support pro-Trump candidates in 2022.

The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach.

According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the project’s website.

The crypto is dubbed MAGACOIN after former President Trump’s “Make America Great Again” slogan. The project’s website claims that MAGACOIN was “created by America First Conservatives out of frustration with “Losing the Election” (the site has it in quotes) and “a desire to fight back by supporting MAGA candidates in 2022 and beyond” with profits from the coin.

An unnamed and self-described hacktivist told The Guardian that more than 1,000 people have signed up, including Republican figures and conservative media personalities, with the majority of hodlers having around 100 MAGACOIN.

The project’s creator, used car salesman Marc Zelinka, reportedly holds 2 million MAGACOIN, along with Reilly O’Neal, a pro-Trump consultant who is now operating the project.

Roughly 75 million MAGACOIN were created to represent the 75 million voters who were supposedly “disenfranchised on November 3rd, 2020” — the day of the U.S. election results in which Trump lost to Democrat Joe Biden. Trump supporters have since asserted without evidence that the election was rigged and have lost numerous court cases challenging the results.

The project is offering 100 MAGACOIN to anyone that signs up, and the hacktivist has claimed that the majority of users have that amount.

Some of the larger accounts are reportedly the result of marketing campaigns from the project, offering 1,000 MAGACOIN to media personalities, radio hosts, and grassroots groups in exchange for promoting the cryptocurrency.

An account holding 1,500 coins is associated with an email address of John Rush, the host of “Rush to Reason” on Denver’s KXL conservative talk station, along with a similar amount associated with Colorado Republican activist Evan Underwood, who is also the chair of the Colorado Federation of College Republicans.

Rush reportedly had the creator of the project, Marc Zelinka, on the show in a recent episode however Zelinka told the Guardian that “I don’t control it anymore” after he handed the reins over to prominent North Carolina-based political operative, Reilly O’Neal.

A super political action community (SuperPAC) is also tied to the project and called “MAGACOIN VICTORY FUND”, which has received a 10 million MAGACOIN donation to support “MAGA candidates across the country who will fight for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda.”

The SuperPAC’s mailing address is reportedly located at the same place several other firms and political groups operated by O’Neal.

Related: ‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin

Despite MAGACOIN being a pro-Trump project, it is yet to be seen what the former president thinks of the project as he is known for being anti-crypto. Trump stated last month that “Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar.”

https://ift.tt/3kQXvkD
Labels:

Comments

Post a Comment

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...
Post a Comment
Read more

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...
Post a Comment
Read more

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 ...
Post a Comment
Read more