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Showing posts from March 20, 2021

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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Beaxy Accelerates Automated Trading Through Hummingbot Partnership

PRESS RELEASE. Chicago, Illinois, USA – Hummingbot.io , a premier open-source algorithmic trading project, has chosen to incorporate Beaxy Exchange into its most recent software release, allowing Beaxy users to take advantage of 24/7 automated high-frequency trading on a U.S. based cryptocurrency exchange. Previously, traders could use the open source codebase to run their own versions of Hummingbot. Now, a version exists which was custom tailored by the Hummingbot Development Team to ensure a streamlined integration with beaxy ’s trading interface. Hummingbot differs from other trading bots in several respects. It is an open source program and is free to download and use. The core strategy of the bot enables a trader to function as a market maker on multiple exchanges – put simply, the bot will place both limit buy and limit sell orders for others in the market (termed “takers”) to meet. While there are numerous strategy templates and operating styles, the bottom line is that Hum...
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Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’

The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will build” and “could morph into a systemic risk.” Recent GBTC Buyback Insignificant On the other hand, Morris, who is also the chief investments officer (CIO) at Bytetree, thinks Grayscale’s recent $250 million GBTC may be too insignificant to make a difference. However, in his Bytetree Market Health Update , Morris does acknowledge that 2020 was a year of “record inflows” for Grayscale Investment. During this period, the premium on GBTC shares averaged 30% while the value of assets under management (AUM) soared to over $30 billion. However, when the premium began to ease, the inflows into the trust similarly began to slow down. This subsequently led to the premium on the GBTC shares turning into...
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NFT Criticism Heightens: Skeptic Calls Tech a ‘House of Cards,’ Claims NFTs Will be ‘Broken in a Decade’

On the week of March 7 through the 13th, the term “NFT” touched an all-time record high in terms of popular search queries according to Google Trends (GT). The highest score is 100 and this week, GT shows interest has dwindled a hair down to 97. Meanwhile, while the NFT hype affects the cryptocurrency and blockchain community, not everyone is thrilled with this technology. Some critics think NFT tech needs to be more robust in order for collectibles to last more than a decade without them disappearing. The Rift Between NFT Hype and NFT Criticism Over the last few weeks, the NFT craze has jumped to new levels as people have sold artwork for millions of dollars, unique audio recordings of farts have been tokenized , and even blockchain-backed signature dance moves are NFTs. And of course, by now everyone has heard about Beeple, the digital artist who sold an NFT via Christie’s auction house for a whopping $69 million . This sale propelled NFT mania to new heights, and Christie’s auct...
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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called the Thai Baht Digital (THT) illegal. “It has come to the BOT’s attention that a new stablecoin, THT, has been created abroad on the Terra platform. One unit of THT is denominated in and valued at one Thai baht,” the announcement describes. The central bank claims that “Although THT is currently not used as a medium of exchange, it could cause fragmentation to the Thai currency system should THT or other similar stablecoins come to replace, substitute or compete with baht issued by the BOT,” asserting: This would ultimately affect the general public’s confidence in the stability of the national currency system, whi...
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A year into the pandemic: How Argentina's economy struggled while its crypto ecosystem flourished

Let's relive the events have that marked the Argentine crypto space since the beginning of the COVID-19 pandemic and hear the opinions of those in the industry that lived them from the inside. The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with high fiscal pressure, devaluation of the national currency (the Argentine peso), restrictions on the purchase of foreign currency, etc.  Beyond that, events have occurred that have to do with attempts to regulate the crypto ecosystem, in addition to those linked to private companies and the adoption of cryptocurrencies. The following is a summary of the events that marked the last year and the opinions of various people who lived it from inside the ecosystem. First quarter of 2020 With a great variety of ways to calculate the price of the U.S. dollar, in Argentina they...
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Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’

Citibank’s David Bailin believes that bitcoin will do well because of the level of interest from investors. While stating that the cryptocurrency can be part of a portfolio, the executive sees better investment opportunities than bitcoin in “giant unstoppable trends.” Bitcoin ‘Is Going to Do Well,’ Citi Executive Predicts David Bailin is Managing Director and Chief Investment Officer (CIO) at Citi Private Bank, a subsidiary of Citigroup dedicated to serving wealthy individuals and families. He is listed on the Citibank website as a “wealth expert.” Bailin talked about bitcoin in an interview with Yahoo Finance Wednesday. He said: I tell people there’s no doubt that I think bitcoin is going to do well because of the level of interest that’s coming from everyone. However, the Citi executive noted that it “scares” him “on a fundamental basis.” Bailin joined Citi in 2009 as the Global Head of Managed Investments and was promoted to Global Head of Investments in October of 2017. Bai...
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Painting by avant-garde master Baranoff-Rossine to be auctioned as a NFT

Mintable will be hosting the high-priced auction alongside more approachable pieces An early 20th century master who boasts a permanent installation at the Museum of Modern Art is about to get new life on the blockchain.  In collaboration with NFT marketplace Mintable, the family of Wladimir Baranoff-Rossine will be releasing a collection of the esteemed Cubo-Futurist’s work. There will be a number of paintings digitized as 1000-print drops, three digitized NFT piece auctions, and one hybrid NFT/physical painting auction set to send the highest bidder both a physical Baranoff-Rossine original painting as well as an NFT image of the work. On crypto market data provider Brave New Coin’s podcast , NFT marketplace Mintable CEO Zack Burks noted that the forthcoming auction may be the highest-profile example of tokenizing a physical, fine art painting. “This is historic, we’ve never had something like this in the NFT ecosystem before,” said Burks. “NFTs have been around for three ye...
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Elon Musk Bitcoin Giveaway Scam Costs This Man BTC Worth $600K

A German man has shared his story about how he fell for the Elon Musk bitcoin giveaway scam. He lost 10 bitcoins to the scam, worth almost $600K at the current price. “I’d just thrown away the game changer for my family, my early retirement fund, and all the upcoming holidays with my kids,” he revealed. Fake Elon Musk Bitcoin Giveaway Scams Continue to Dupe Investors With the price of bitcoin repeatedly hitting record highs, Tesla investing $1.5 billion in the cryptocurrency, and Elon Musk’s various crypto tweets, there has been a rise in bitcoin giveaway scams using the Tesla executive’s name. The BBC reported this week that a German man from Cologne, Sebastian, lost 10 bitcoins to an Elon Musk bitcoin giveaway scam. At the current BTC price of $59,115, based on data from markets.Bitcoin.com, his bitcoins are worth about $600K. One night, after his wife went to bed, Sebastian received a Twitter notification that Musk had tweeted “Dojo 4 Doge.” This was on Feb. 21. While wonderin...
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6 Questions for Sanja Kon of Utrust

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Sanja Kon, CEO of Utrust Sanja Kon is the CEO of Utrust, a blockchain-native payments ecosystem that wants to bridge the gap between the money of tomorrow and traditional e-commerce. At Utrust, her main focus is partnering with key international players to improve the accessibility of digital assets and increase cryptocurrency merchant adoption. Prior to joining Utrust, Kon spent more than a decade in the corporate world, working for multiple Fortune 500 companies. At eBay, she headed the European partnerships strategy, forming key global relationships to enhance the selling experience for eBay professional merchants. At PayPal, her team was in charge of delivering and executing the payment experience solution for marketplace players. Kon is fascinated by technological innovation ...
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Bitcoin’s next move, Elon Musk’s promotion, the toilet paper NFT: Hodler’s Digest, March 14–20

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bullishness for Bitcoin continues despite its struggle to reclaim $60,000 Bitcoin dazzled us all last Saturday with a dramatic surge to new all-time highs at $61,683.86 . But the market spent little time in record territory, with a sharp pullback taking prices to lows of $53,555.03 by Tuesday. Although BTC has recovered to some extent, it is now facing strong resistance at the $60,000 level. CrossTower head of trading Chad Steinglass said some resistance is to be expected, and once these levels are surpassed, they become support. He added: It will take a bit of chipping away to break through $60,000 with any kind of authority. But its worth taking a moment to reflect on Bitcoins progress. As Co...
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