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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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US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report

US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report

Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue.

Binance Probed for Possible Insider Trading, Market Manipulation

U.S. authorities are now investigating Binance for possible insider trading and Market manipulation to ascertain whether the company or its staff profited by taking advantage of its customers, Bloomberg reported Friday, citing people familiar with the matter. Binance was quoted saying:

At Binance, we have a zero-tolerance policy for insider trading and a strict ethical code related to any type of behavior that could have a negative impact on our customers or industry.

The review involves the Commodity Futures Trading Commission (CFTC) investigators, who have been reaching out to potential witnesses in recent weeks, the publication conveyed. The derivatives watchdog has already been probing whether Binance lets U.S. residents buy and sell derivatives linked to bitcoin and other cryptocurrencies, which is prohibited since Binance is not registered with it.

Besides the CFTC, the U.S. Department of Justice (DOJ) and the Internal Revenue Service (IRS) are also investigating Binance. The two previously launched criminal probes into whether the exchange has been a conduit for money laundering and tax evasion, the publication also reported. The company has not been accused of wrongdoing and the investigations may not lead to any official action.

A growing number of regulators globally have issued warnings against Binance for illegally operating in their jurisdictions, including in the U.K., Japan, Thailand, Malaysia, Hong Kong, Singapore, Netherlands, Germany, Lithuania, and South Africa.

What do you think about Binance being investigated for market manipulation and insider trading? Let us know in the comments section below.

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