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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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2022 trial date set for Tether’s accused 'shadow banker' Reggie Fowler

Former NFL team owner and alleged “shadow bank” operator Reggie Fowler is not engaged in any plea negotiations and the trial against him is set to begin early next year.

A 2022 trial date has been set for former NFL team owner and alleged "shadow banker" Reggie Fowler.

Fowler is the accused operator of the shadow bank to the crypto sector, Crypto Capital which was at the center of controversy in the court case against IFinex Inc — the parent company of crypto exchange Bitfinex and stablecoin issuer Tether.

According to Aug.4 court documents, U.S. District Judge of the Southern District of New York, Andrew Carter has set a jury selection and trial date for Feb.14 2022, which is subject to change in light of future pandemic related restrictions.

U.S. prosecutors allege that Fowler provided unlicensed money-transmitting services to several crypto firms, along with bank fraud, and laundering funds on behalf of Columbian drug cartels.

A case against Bitfinex and Tether, in which IFinex was accused of commingling funds between the two firms to cover up an $850 million loss suffered by Bitfinex in its dealings with Crypto Capital, was settled in February of this year. The firms were ordered to pay $18.5 million worth of civil penalties and to shut down trading operations in New York.

Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency

However, the case against Fowler is still ongoing after he rejected a guilty plea deal which would have left the former NFL investor on the hook for $371 million. The figure was reportedly based on the proceeds he generated from his alleged crimes.

U.S. federal attorney Audrey Strauss outlined in the documents that the “parties are not currently engaged in plea negotiations and do not anticipate resuming negotiations” meaning there is unlikely to be a settlement like in the instance of IFinex.

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