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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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Boomer brand changes NYSE ticker from 'ETH', acknowledging crypto’s ascendancy

New York Stock Exchange (NYSE) listed company Ethan Allen Interiors Inc. has changed its ticker from “ETH” to “ETD” to avoid confusion with Ethereum.

Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE) listed company changing its ticker to avoid confusion with Ethereum.

Home decor and furniture chain Ethan Allen — which has more than 300 stores across the US — announced on Aug. 4 that it had changed its NYSE ticker from “ETH” to “ETD”. The firm said that it has incorporated “D” to reflect design and changed its ticker to avoid investor confusion and solidify its online keyword searches:

“We also believe this change will better differentiate Ethan Allen news from Ethereum news in search results, as Ethereum is often abbreviated as ETH.”

The home furnishing manufacturer and retail chain was founded in 1932. Investors who want to hodl both versions of ETH will have until Aug.16 to do so before Ethan Allen’s symbol is changed for good.

According to The Wall Street Journal in May, the interior design firm’s stock saw a surge in interest from mistaken retail investors who thought they were buying Ethereum.

“We’ve definitely seen a massive increase on a percentage basis in mistaken activity on the Ethan Allen stream,” Rishi Khanna, Chief Executive Officer of social investing site Stocktwits told WSJ.

According to data from Yahoo Finance, the NYSE version of ETH was priced at $20 at the beginning of this year and surged by more than 50% to the $32 mark by May 7. Since then the price has crashed down to around $23 at the time of writing.

On the comments section of the stock overview on Yahoo, there are many users who are either confused, annoyed, or have found the funny side of the name confusion between the two.

One user named “Terry,” wrote under the stock on Aug. 1 that “$ETH has risen $800+ since 20th July” and that in “under 12 weeks this bill run is taking off. Looking very bullish and we’re just getting started. Long way off ATH’s.”

While “Chris L” wrote on Aug. 4 that: “Ethan Allen should really change their stock symbol. It would be nice to discuss an actual great business.”

Related: Ethereum network burns $395K ETH per hour after London upgrade

The price of Ethereum has seen a resurgence over the past three weeks as anticipation grew leading up to the London hard fork or EIP-1559 that went live on Aug. 5.

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