Skip to main content

Posts

Showing posts from October 29, 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...
Post a Comment
Read more

Dvision Network Announced “Dvision World” Will Launch on November 1st

PRESS RELEASE. The blockchain-based metaverse Dvision Network has announced that their metaverse known as ‘’Dvision World’’ will be launched on November 1st, 2021 . This event is anticipated to herald a new era for the not only Dvision ecosystem but also for the whole metaverse industry. Moreover, Dvision is holding a special NFT giveaway event, calling their users for action to pre-register and secure their spot before the metaverse goes live. Dvision World goes LIVE in 2 days! Dvision Network has shared details about the launch in a press release on its Medium blog page. According to Boburjon Muydinov, Head of Business Development at Dvision Network, users can now join Dvision World from November 1st and explore combat-ready activities and discover the greatest adventure of the metaverse. Dvision users will be able to design customized avatars and access various events while traversing the different meta-spaces (lands) within the metaverse. The launch of Dvision World was anti...
Post a Comment
Read more

Australian Police Confiscate Cryptocurrency Worth $1 Million With Help From FBI

The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales has ordered the forfeiture of cryptocurrency belonging to a convicted hacker. “The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture of cryptocurrency,” the AFP said. ‘Largest Commonwealth Forfeiture of Cryptocurrency’ The Australian Federal Police (AFP) announced Friday that a convicted hacker “has been ordered to forfeit more than $1.66 million [Australian dollars] in cryptocurrency and cash to the Commonwealth.” The 23-year-old Sydney offender pleaded guilty to various criminal offenses in October last year. The AFP-led Criminal Assets Confiscation Taskforce (CACT) “obtained restraining orders over cryptocurrency plus bank and Paypal accounts held in false names, but suspected to be controlled by the man,” the AFP explained. The Supreme Court of New South Wales ordered the forfeiture of his 1.66 million Australian dollars to the Commonweal...
Post a Comment
Read more

AMC Theatres Considers Accepting Shiba Inu Alongside Dogecoin as SHIB Popularity Soars

The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether AMC Should Accept Shiba Inu The CEO of AMC Entertainment, Adam Aron, put up a poll on Twitter Friday asking the crypto community whether his company should accept payments in shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally. Aron wrote : “As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in bitcoin, ethereum, litecoin, and dogecoin among others. Should we strive to take shiba inu too?” At the time of writing, 44,659 votes have already been counted but th...
Post a Comment
Read more

Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse

Investments from gaming guilds, partnerships with crypto-investment firms and the success of the ongoing Gotchiverse auctions all back GHST’s 50% rally. The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse. Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi). Data from TradingView shows that since hitting a low of $1.56 on Oct. 1, the price of GHST, Aavegotchi's native token, has rallied 53% to a daily high at $2.40 on Oct. 29 as its 24-hour trading volume spiked 45% to $135.8 million. GHST/USDT 4-hour chart. Source: TradingView Three reasons for the building momentum in the price of GHST are the ongoing Gotchiverse land auctions that require GHST to bid, several high-profile partnerships with gaming guilds and hedge fund...
Post a Comment
Read more

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With Shortages Inter RAO, a major electricity producer in Russia, is holding talks on the possible supply of electricity for Kazakhstan starting from November, a high-ranking representative told reporters. Alexandra Panina, a member of the company’s management, explained that consumption growth in Kazakhstan is around 7%, noting that for the first time the country is facing a deficit in the cold winter months. Quoted by the Interfax news agency, she stated: I am now discussing the possibility of commercial supply of Russian electricity to Kazakhstan in November. Shortages in Kazakhstan are expected to amount to 600 megawatts ...
Post a Comment
Read more

Altcoin Roundup: Dogecoin, Shiba Inu and memes are hauling the dogsled to mass adoption

Who doesn’t love a good meme? Here’s how DOGE, SHIB and other meme tokens are tugging crypto’s leash toward mass adoption. 2021 has been a breakout year for the cryptocurrency sector, as the passage of the first Bitcoin ( BTC ) exchange-traded fund (ETF) is a sign that crypto is becoming more mainstream and has the potential to lead to an increase in investors’ exposure to BTC. The influx of new participants into the market throughout the year has had a profound impact on the overall culture of the crypto ecosystem. Ideas of privacy and a secure store of value have been overshadowed by the culture of memes as PePe’s and Wojacks have become endemic to crypto Twitter, where frens say “gm” to each other every day and respectfully call each other “ser.” And, now, the surging price of dog-themed meme coins like Dogecoin ( DOGE ) and Shiba Inu (SHIB) have once again captured the attention of the market, much to the chagrin of the Bitcoin maximalists. Even mainstream news sources can’t he...
Post a Comment
Read more

DeFi protocol Aave encounters major capital flight

Total value locked on the decentralized borrowing and lending platform fell 16% in the past 24 hours. Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior. According to cryptocurrency researcher Igor Igamberdiev, blockchain personality Justin Sun was responsible for at least billions of dollars in withdrawals in the past few hours. Aave's total value locked, or TVL, fell to $14.7 billion from $17.89 billion the day prior, based on data from DeFi Pulse. In a series of tweets, Aave developers revealed that financial modeling platform Gauntlet Network submitted an Aave Improvement Protocol, or AIP, to disable the borrowing function for xSUSHI and DeFi Pulse Index (DPI) tokens as a pr...
Post a Comment
Read more

US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation

The conversation occurred at a banking committee meeting with Consumer Protections director Rohit Chopra. U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don't stifle innovation in this arena.” “Digital ledger technology offers a tremendous amount of promise in terms of financial innovation and inclusion. It’s an industry where I think the United States is leading, has led, and I’d like to see us continue to lead there. Especially when we look at other countries like China and the Chinese Communist Party that has moved to ban private sector activity in that arena.” Hagerty introduced legislation with Senator Mark Warner (D-VA) in July to study China’s adoption of a digital c...
Post a Comment
Read more

Ethereum’s new all-time high prepares ETH for 'continuation to $5,000'

Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000. The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin ( BTC ) back near the $63,000 support zone and Ether ( ETH ) has established a new all-time high at $4,460.  ETH/USDT 4-hour chart. Source: TradingView Here's what anlaysts are saying about the market now that Bitcoin is finding support above the $60,000 level and Ether looks to enter price discovery. Bulls think BTC could hit $90,000 The bullish moves seen in BTC and Ether caused a moment of reflection for independent market analyst Crypto_Ed_NL, who tweeted that it “seems I was not bullish enough at $40,000” when a target of $73,000 was given. BTC/USD 1-day chart. Source: Twitter After taking the recent moves into account, the analyst indicated that the “target moved up to $90,000 and after a correction, we should see $100,00...
Post a Comment
Read more

No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’

The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value of the zimdollar. According to a report by the Sunday Mail, the Zimbabwean minister made these comments while speaking at a pre-budget seminar held in Victoria Falls. Since its reintroduction in 2019 when it was briefly at parity with the USD, the Zimdollar has seen its official exchange rate against the U.S. dollar drop to over ZWL$90 for every one USD. On the parallel market, one U.S dollar is currently equivalent to more than ZWL$160. As previously reported by Bitcoin.com News, it is this growing difference between the parallel and official market exchange rates that prompted one of Zimbabwe’s biggest business lo...
Post a Comment
Read more

Cardano stablecoin protocol Ardana raises $10M in latest funding round

Private equity investors appear to be bullish on this novel stablecoin platform. Ardana, a stablecoin ecosystem built on the Cardano ( ADA ) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: “As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to liquidity, an ever-present concern in the hyper-competitive defi world. We are also able to leverage Cardano’s speed, scalability and security to offer a decentralized financial solution that works for everyone, and soon we’ll even be facilitating foreign exchange on-chain." Users can send, receive, store, borrow, and lend the stable coin — known as dUSD — freely on the network. It will have a 1:1 exchange rate with the U.S. dollar, and will be fully collateralized with cryptocurrencies such as ADA. Ardana...
Post a Comment
Read more