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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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Bitcoin flippens Tesla and Facebook — will Amazon be next?

The price rise over the weekend put Bitcoin’s market cap within $600 billion of Amazon.

After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook.

According to data from AssetDash, Bitcoin (BTC) is now the sixth most valuable asset by market capitalization among major companies, behind Microsoft, Apple, Google's parent company Alphabet, Saudi Aramco, and Amazon. The crypto asset passed Tesla’s and Facebook’s market caps of $1.19 trillion and $975 billion, respectively, as its price hovers close to $66,000 and within striking distance of its all-time high of $67,000.

The recent price rise puts Bitcoin’s market cap within $600 billion of Amazon. Tesla CEO Elon Musk’s recent announcement that he planned to sell 10% of his Tesla holdings could have contributed to the BTC volatility over the weekend when the crypto asset rose more than 4% from $62,941 to $65,512 in less than two hours.

Bitcoin’s market cap was already worth more than the total value of many fiat currencies. In February, the crypto asset flippened the Russian ruble, likely in response to Tesla announcing it had purchased an aggregate of $1.5 billion in BTC. Bitcoin’s market cap also briefly flippened the Swiss franc in October.

Related: The great crypto flippening: Can Ethereum overtake Bitcoin?

The price of Ether (ETH) also rallied to rise above $4,700 for the first time in the token’s history, with a market capitalization of more than $565 billion — more than $400 billion ahead of the third-ranked cryptocurrency Binance Coin (BNB). The gains from the two assets have helped the total crypto market cap rise to more than $3 trillion.

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