Skip to main content

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...

El Salvador police arrested and released Bitcoin detractor without a warrant

The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.

An El Salvadorian news outlet has reported that local police arrested a computer and cryptocurrency expert who was critical of the country accepting Bitcoin as legal tender for hours before later releasing him.

According to multiple interviews conducted Wednesday by La Prensa Gráfica, the San Salvador police arrested computer specialist Mario Gómez today without a warrant, seizing his phone and attempting to take possession of a computer from his mother, Elena de Gomez. The National Civil Police, or PNC, released a statement saying Gómez’s detainment was related to an investigation for financial fraud before his lawyer, Otto Flores, said authorities released Gómez later that afternoon.

"[Mario] participates a lot in forums, in events, on social networks and is critical of the government," said his mother. "If we see that the country is going backwards, it is necessary to speak, because it is a human right to express our opinions.”

Gómez has regularly posted on social media about his opposition to El Salvador’s legislation making Bitcoin (BTC) legal tender in the country, set to go into effect starting on Sept. 7. His Twitter posts include allegations individuals behind the government’s Chivo BTC wallet may be associated with the Bitcoin address from the massive Twitter hack in July 2020, as well as making “no to Bitcoin” stickers available to his 9,840 followers.

There have been at least two major protests in San Salvador since a bill proposing Bitcoin be accepted as legal tender alongside the U.S. dollar was passed by the nation’s Legislative Assembly. President Nayib Bukele initially announced he would be pursuing such a law at the Bitcoin 2021 conference in June, but later added Salvadorans would have the choice not to use the cryptocurrency.

Related: El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption

Following news of his arrest, Gómez’s followers started a Twitter campaign to “Free Mario.” Steve Hanke, an economist at Johns Hopkins University, referred to the move by the PNC as “authoritarian police tactics in action.” Anabel Belloso, one of the country’s legislative assembly members, also implied the authorities were attempting to “invent charges” against Gómez.

“The arrest of Mario portrays the fragility of the government in terms of the implementation of the Bitcoin Law but confirms something even more dangerous,” said Héctor Silva, councilor to the mayor of San Salvador. “They are willing to manipulate whatever institutions are necessary to push critical voices out of their way.”

https://ift.tt/3n86FdV

Comments

Popular posts from this blog

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...

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...