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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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Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility

Share prices of Marathon Digital stock dropped, as did those from major crypto mining firms including Riot Blockchain, Bitfarms, Bit Digital and Hut 8.

The United States Securities and Exchange Commission (SEC) has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana.

According to a Monday filing with the SEC, Marathon Digital received a subpoena regarding an investigation into possible violations of the federal securities law related to its Hardin, Montana data center. In the third quarter of 2021, the SEC ordered the mining firm to produce documents and communications for the 100-megawatt facility, for which it had made arrangements to develop and stock with Bitcoin (BTC) miners in October 2020.

Marathon Digital said it was cooperating with the SEC’s investigation but did not go into details regarding the subpoena. A separate filing from October 2020 shows the company issued 6 million shares of restricted common stock “in transactions exempt from registration.”

Share prices of Marathon Digital stock dropped roughly 17% on Monday to $63.07 as news of the subpoena reached major outlets, as did those from major crypto mining firms, including Riot Blockchain, Bitfarms, Bit Digital, and Hut 8 — falling 6%, 2%, 3%, and 5%, respectively. Though the stock prices may fall when the price of BTC drops, data from Cointelegraph Markets Pro shows the crypto asset has only dipped roughly 2.4% on Nov. 15 to reach $63,798 at the time of publication.

Related: Bitcoin miners look toward nuclear power for sustainable energy

Earlier on Monday, Marathon Digital announced it was planning to buy more BTC and set up new crypto miners through a $500 million private debt offering. Cointelegraph reported on Nov. 3 that the price of the company’s MARA stock reached a six-year high, with the mining firm accumulating $460 million worth of Bitcoin.

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