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Showing posts from May 4, 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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Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets

On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients. The company plans to keep 5% of its balance sheet assets in digital currencies. After Adding Bitcoin to the Balance Sheet, Mogo Stacks Ether The Vancouver-based Mogo (Nasdaq:MOGO), a fintech firm that provides various financial services has announced the corporate purchase of ethereum ( ETH ). The ethereum investment follows the company’s initial bitcoin purchase back in December 2020. Mogo has been interested in blockchain and crypto solutions for a few years now. At the end of March, Mogo mortgage clients were offered bitcoin rewards if they got a mortgage through the company or refinanced an existing property. On May 3, Mogo explained that it obtained 146 ETH for around $2,780 per unit. Both the bitcoin and the...
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Move over DOGE as Tiger King star launches CAT

Carole Baskin has launched CAT via Ethereum-based open network Rally, and has offered exclusive rewards for holders of the coin. Dogecoin’s status as the top memecoin may be (but almost certainly isn’t) under threat following the news that controversial Tiger King star Carole Baskin has launched her CAT coin. Carole Baskin launches $CAT coin and donors of more than $500 between 4/19 and 5/7/2021 get on $CAT coin free. https://t.co/rDLoJZIfwR pic.twitter.com/vGdCRJ0iZm — Big Cat Rescue (@BigCatRescue) May 4, 2021 In a blog post via Baskin’s non-profit Big Cat Rescue on May 4, she revealed her social token had been launched on Rally, an open network that enables creators to launch their own coins on the Ethereum blockchain . However, she emphasized her coin is not an investment tool, it's actually a terrible pun: "Our new $CAT coin is not a currency for investment, but rather is a purr-ency of our fans to show their love for the cats and to reap the benefits of being...
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OVR: The Eiffel Tower Non-Fungible Token Has Been Sold for 38 ETH

OVR.ai has sold the Eiffel Tower, putting it for sale as Non Fungible Token on OpenSea for about $106.9K USD. In fact, the auction ended a few days ago, reaching a value of 38.6159 ETH . The Eiffel Tower NFT was a package of 60 OVRLands and it was on sale on Opensea for only a couple of days. The investor (AKA Camembert) who won the auction of Eiffel Tower is already known in the NFT world, as he’s already bought another famous non fungible token, the one of Cristiano Ronaldo sold by Sorare for $290,000. Camembert commented the news: “I am very excited about my new NFT acquisition on OVR. I also recently bought some unique football cards such as Cristiano Ronaldo or Zinedine Zidane but this one is very special : Eiffel Tower is a powerful and distinctive symbol of France. Today it welcomes almost 7 million visitors a year making it the most visited monument in the world. I will allow developers to launch virtual projects on the Eiffel Tower, we could organize digital exhibitio...
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‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

Ethereum has unleashed a wave of financial innovation. A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it. The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into the world of DeFi, hinting that if security concerns and risks can be addressed, it may lead to huge changes in the financial industry. "DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way," Dr. Fabian Schär wrote, also hailing its efficiency, accessibility, and composability. “DeFi may lead to a paradigm shift in the financial industry and potentially contribute toward a more robust, open, and transparent financial infrastructure.” DeFi growth over the past year has been monumental, with a 700% increase in the total value locked across the ecosystem. At the time of writing, that figure stands at an ...
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Star Wars Collectibles Go Digital as Collections Embrace NFTs

More than 800 limited edition collectibles, some from shooting scenes, are set to go to auction on the Starcoll NFT marketplace, as a large collector leverages blockchain technology for one of the most storied movie franchises in history. Early Registration Timed for May The 4th (Be With You) In a growing sign of the times, non-fungible tokens (NFT) have become too attractive for even Star Wars collectors to ignore. As one of the more popular memorabilia and toy markets even before the rise of blockchain, the move by Starcoll to capitalize on the promise of blockchain technology for assuring both digital and physical ownership for Star Wars collectibles represents a natural fit. Starcoll , an NFT marketplace and collection, is built on the QAN blockchain to ensure the highest level of security possible. The adoption of this hybrid, quantum-resistant blockchain is intended to address problematic issues that have plagued NFTs, like poor security and the ability of hackers to change...
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40% intend to use crypto for payments in the next year: Mastercard survey

Millennials are big on crypto with 77% wanting to learn more. A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year. The survey , published on May 4 and titled ‘ Consumer Appetite for Digital Payments Takes Off ’, polled more than 15,500 people across 18 countries. It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or 67%, agreeing they are more open to using cryptocurrency than they were a year ago. Additionally, it reported that 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use digital assets if they understood them better. Millennials are classified by the U.S. Census Bureau as people born between 1982 and 2000 which means that their age range in 2021 is between 21 and 39 years old. The move to expand access to cryptocurrencies has already begun — in mid-February Mastercard announced that it woul...
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Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offers to Pay in US Dollars Instead

A company paid an employee for his work done in cryptocurrency. However, after the price of the cryptocurrency skyrocketed 700%, the employer wants the coins back, offering to pay the employee in U.S. dollars instead. Employer Wants Crypto Back After It Rose 700% Marketwatch published a letter to The Moneyist columnist, Quentin Fottrell, Monday from someone asking for advice about crypto payments he received from his employer. The Moneyist is a service that provides answers to all sorts of dilemmas, and Fottrell is the publication’s personal finance editor as well as The Moneyist columnist. The letter was signed “Crypto Confused,” who explained that he did some business development work for a tech startup “on a contract basis.” The company is still trying to generate its first dollar in sales, he noted. “The purpose of the contract was to generate sales and it included a commission component, but the understanding was that I would bill hourly for cold calling and emailing people,...
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New York bill proposes to ban crypto mining for 3 years over carbon concerns

A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3. Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources. The bill is yet to receive widespread backing from other senators, however the Democrats do control the lower house and senate. The bill seeks to “establish a moratorium on the operation of cryptocurrency mining centers,” to slow the environmental impacts of fossil-fuel-backed crypto mining in particular. It also aims to enforce stricter regulations for mining centers, such as the requirement to undergo an environmental...
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Will the launch of Uniswap v3 spark a new DeFi boom?

With Uniswap’s TVL growing from $13.7 million to $8.5 billion since launching its v2 iteration, some onlookers believe the DEX’s v3 launch could spark the next DeFi rally. With the total value locked in decentralized finance on Ethereum now $89 billion, the market is eagerly waiting to see if the launch of UniSwap v3 could be the catalyst for DeFi’s next big bull run.  Uniswap v3 promises advanced new features and opportunities for yield generation with its launch scheduled for May 5. Uniswap is emphasizing three new features for liquidity providers — customizable capital deployment across a markets’ entire price curve in the form of concentrated liquidity, tiered market maker fees offering boosted returns for volatile pairs subject to impermanent loss, and cheaper access to oracles for improved data integrity. The expected reduction in Ethereum’s fees due to the EIP-1559 upgrade come July is also expected to boost v3’s value proposition, and the latest version of Uniswap wil...
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Four crypto veterans pledge to give at least 1% of their wealth to charity each year

Ryan Selkis, Dan Matuszewski, Qiao Wang and Haseeb Qureshi join the new crypto donations initiative established by The Giving Block. Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive.  The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year. The initiative is part of The Giving Block’s mandate of increasing charitable giving and enabling more nonprofits to accept cryptocurrency donations. The Giving Block assembled Founders Circle to promote the initiative and has invited many industry leaders to join. Over the past week, Founders Circle has welcomed four new members, beginning with Ryan Selkis, the founder and CEO of Messari, on Apr. 27. Also answering the call is Dan Matuszewski , founder of CMS Holdings and former head of Circle Trade, and Qiao Wang of DeFi Alliance. They joined the Circle ...
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Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has revealed. DBS’ Crypto Business Sees Massive Growth A leading financial services group headquartered in Singapore, DBS, talked about the performance of its crypto exchange during the media briefing for its first-quarter earnings results last week. DBS operates across 18 markets. The bank launched a “ digital exchange ” in December last year. DBS Bank CEO Piyush Gupta explained, “Our digital exchange capabilities are much like Coinbase.” He added that “The difference is that Coinbase is mass-market retail while we have been judicious by offering this to accredited investors and institutional counterparties to start with.” “Even with the careful expansion,” the DBS CEO...
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Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish laws now follow the directive 2018/843, commonly known as AMLD5. Specifically, crypto exchanges and custodial firms must share customers’ data with the whole European bloc. That said, domestic crypto businesses should be registered with Spain’s authorities as “new obligated subjects” to comply with the rule. An excerpt of the decree reads: The creation of this registry is accompanied by the establishment of an obligation for legal persons and entities without legal personality to obtain, keep and update this beneficially owned information and provide it to authorities and obligated subjects. ...
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J. R. Willett launched the first ICO… but still has a day job

ICOs? He held the first one. Stablecoins? He dreamed of them by accident. Vitalik Buterin tried to get him on board to help launch Ethereum, but he was too busy. He is J. R. Willett, one of the most fascinating men in the industry. Back in 2012, Willett, now 41, felt he could improve Bitcoin by making it possible for anyone to create interoperable tokens backed by the protocol. He released a white paper that described the new model and invented a way to fund the project with a token sale. He procrastinated for the next 18 months, hoping someone else would take the bait. Eventually, he gave in and announced the Mastercoin initial coin offering, which went on to inspire Ethereum and every subsequent ICO. It felt like I was just putting into words what was obviously going to happen people were already talking about it, and I thought, Why hasn’t someone formalized this at least a little bit? I just got tired of waiting for someone else. In the early days, he was worried that cryptocu...
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May the 4th be with you: StarColl debuts Star Wars NFT collection

StarColl set to list a private Star Wars nonfungible token collection on its marketplace. StarColl, an NFT marketplace and collection exclusively dedicated to one of the largest private Star Wars memorabilia collections, is set to list digital twins of its catalog. According to an announcement on Tuesday, early registration will begin on May 4 — “Star Wars Day.” The Star Wars collection will feature over 800 limited edition collectibles from the iconic sci-fi movie franchise released as nonfungible tokens on the StarColl marketplace. Each StarColl NFT is a digital twin of an actual physical item from the massive Star Wars collection. Owners of each NFT will also reportedly have the chance to include their names in the NFT metadata, which will appear in all future StarColl traveling exhibitions. Ownership of NFTs from the listing will also grant free lifetime passes to the StarColl global traveling exhibition. The announcement also revealed that all metadata and ownership infor...
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