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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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US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far

US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far

The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far.

  • The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday.
  • The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country.
  • Anchorage explained:

This award means that Anchorage will be responsible for providing a full suite of cryptocurrency services.

  • The services include “custody, liquidation, and such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets, etc., as well as future actions associated with the virtual currency forfeiture process,” the company detailed.
  • Prior to hiring Anchorage, the USMS awarded the crypto custody contract to Bitgo in April, after spending more than a year seeking a custodian and financial services provider for its stockpile of seized crypto assets. Bitgo was acquired by Galaxy Digital in May. It is not clear why the DOJ decided to use Anchorage instead of Bitgo to custody seized cryptocurrencies.
  • According to CNBC, the Marshals Service has confiscated and sold more than 185,000 bitcoins worth more than $7.2 billion since about 2014. Venture capitalist Tim Draper won the USMS auction of 30,000 confiscated bitcoins from the now-defunct Silk Road in 2014.
  • The Marshals Service’s most recent bitcoin auction was in February last year when more than 4,041 BTC were auctioned.

What do you think about the U.S. Marshals Service hiring Anchorage to custody seized cryptocurrencies? Let us know in the comments section below.

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