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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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Spanish regulator raises alarm on Binance promo by soccer star Iniesta

A Binance promotion post by soccer legend Andrés Iniesta has so far amassed over 270,000 likes on Instagram.

A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance.

Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was promoting Binance on his social media profiles on Instagram and Twitter.

On Wednesday, Iniesta posted several pictures of him next to a laptop showing the Binance website on the screen as well as holding a smartphone reflecting several major crypto markets, including Bitcoin (BTC) and Binance Coin (BNB).

At the time of writing, Iniesta has over 38 million subscribers on Instagram and more than 25 million followers on Twitter. The Instagram post had amassed over 270,000 likes by the time of publishing.

Spain’s securities market regulator, the National Securities Market Commission (CNMV), took to Twitter about 12 hours after Iniesta published the post to warn the player about crypto investment risks.

Citing its regulatory statement from February 2021, the CNMV stressed that investors should be properly informed about crypto and its risks before investing and making financial advice. “Hi Andres Iniesta, cryptoassets carry some significant risks due to being unregulated products,” CNMV wrote.

It is whether Iniesta was offered a retainer for promoting Binance. Cointelegraph has reached out to the soccer player via contacts on Iniesta’s official website and will update this story pending new information.

Related: Post Malone features BAYC NFTs in new music video with The Weeknd

The news comes amid Binance continuing its efforts to improve relationships with global regulators as the firm has been scrutinized by multiple governments this year, including the United States, the United Kingdom, Italy, Canada, Japan, Singapore, Germany and others. 

Some Spanish banks cut support to Binance earlier this year. In July, the United Kingdom branch of Spanish bank Santander said that it will no longer be allowing its customers to send payments to Binance, citing warnings from the U.K. Financial Conduct Authority.

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