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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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Miami will hand out free Bitcoin to residents from profits on city coin

The race to establish America’s biggest crypto hub is intensifying, with Miami emerging as a front-runner by generating millions of dollars in yield from staking Miami Coin.

Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. 

“We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11.

Citycoins launched the MiamiCoin cryptocurrency in August, which helps fund municipal projects by generating yield.

Staking MiamiCoin has generated yields in excess of $21 million for the city. Its reserve wallet converts MiamiCoin deposits into USD based on commands from city officials. Suarez said that if yields continue at that rate, it’s possible that they could entirely cover the city’s tax needs.

“Why don’t you just tax people less?”

However, residents will not have to own any MiamiCoin in order to be eligible for the free BTC.

“We’re going to create digital wallets for our residents,” said Suarez. “And we’re going to give them Bitcoin directly from the yield of MiamiCoin.”

He said the ultimate aim was to get Bitcoin into the hands of more and more people.

As far as local lawmakers go, Suarez is one of Bitcoin’s biggest proponents. Just last week, Suarez and New York City Mayor Eric Adams announced they were going to be accepting their next paychecks in Bitcoin. Their pledge was quickly matched by Jane Castor, the Mayor of Tampa Bay, Florida.

In February, Mayor Suarez announced plans to turn the City of Miami into a major cryptocurrency hub by enacting the “most progressive crypto laws.” Fittingly, this year’s Bitcoin conference was held in Miami, attracting the largest crowd in the annual event’s history.

Related: Civic engagement and crypto: Miami unveils its own digital coin

Following Suarez’s announcement, Miami Coin price jumped 18% to a daily high of $0.02369489 according to Coingecko.

Cointelegraph has reached out to the Mayor’s office for more information.

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