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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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23yo Venezuelan allegedly steals $1m in BTC from clients after faked abduction

The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients' funds.

Venezuelan authorities are on the lookout for a scammer accused of disappearing with 23.66 Bitcoin (BTC) worth $1.15 million from his clients’ accounts after faking his own kidnapping.

On Aug. 29th, Douglas Rico, director of Venezuela’s Scientific, Criminal and Criminal Investigations Corps (CICPC) issued a statement asserting that 23-year-old, Andrés Jesús Dos Santos Hernández, was wanted by the country’s largest national police agency over charges of suspected money laundering and fraud.

Authorities assert that Hernadnez likely staged the abduction, with his clients’ Binance accounts having been emptied since the Venezuelan’s supposed disappearance. According to Rico, the police believe Hernandez "simulat[ed] a kidnapping where his captors allegedly forced him to enter the Binance platform and make transfers to different digital wallets, depleting all the crypto assets in question."

The suspect is believed to have posed as a financial advisor before soliciting Bitcoin from several local investors, with authorities alleging that Hernandez amassed 23.66 BTC in total.

Related: Turkish prosecutors investigate alleged $119M Dogecoin mining scam

Venezuela has long been a global hotspot for Bitcoin adoption, with local citizens turning to crypto assets to combat the chronic hyper inflation that has besieged the country over the past decade.

For Venezuelans, cryptocurrencies offer a means to store value and access international markets, as well as a vehicle to convert into U.S. dollars.

While the Venzeulan government has sought to capture the local digital asset market by mandating the use of its oil-backed cryptocurrency, The Petro, there has been little evidence of the currency achieving widespread adoption among local citizens since its launch.

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