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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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Jack Dorsey discusses plans to build a decentralized exchange for Bitcoin

First announced in July, Square's TBD unit is developing a "non-custodial, permissionless, and decentralized financial services" business whose "primary focus is Bitcoin."

Square CEO Jack Dorsey said that the platform’s latest Bitcoin venture would be developing a decentralized exchange. 

In a Friday tweet, Dorsey said that TBD — either referring to the fact the business’ name is to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin (BTC).

According to project leader Mike Brock, TBD, a unit of Square, is aiming to “make it easy to fund a non-custodial wallet anywhere in the world through a platform to build on- and off-ramps into Bitcoin.” The business said it wants the decentralized exchange to be “Bitcoin-native, top to bottom,” as well as completely open-source and permissionless, with “no foundation or governance model that TBD controls.”

“Our idea for the fiat DEX is something the enduser shouldn't even need to know is there, and any wallet or service can integrate with,” said Brock, adding the exchange would be in compliance with Anti-Money Laundering and Know Your Customer laws.

Related: Bitcoin is key to the future of Twitter, Jack Dorsey says

Dorsey announced in July Square was developing a “non-custodial, permissionless, and decentralized financial services” business whose “primary focus is Bitcoin.” The unveiling of the TBD project followed Square saying it would be exploring the development of an open-source BTC hardware wallet.

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