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Showing posts from December 14, 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...

Nike Acquires NFT Startup RTFKT Studios in Order to ‘Deliver Next-Generation Collectibles’

Nike, the American multinational footwear and sports apparel company has announced the acquisition of a startup called RTFKT Studios, a firm that leverages non-fungible token (NFT) assets, blockchain authentication, and augmented reality. Nike says the acquisition will allow the company “to deliver next-generation collectibles that merge culture and gaming.” Nike Steps Into the Metaverse by Acquiring RTFKT Studios On December 13, Nike announced the company has purchased the digital collectibles firm RTFKT Studios. The news follows Nike’s initial steps toward the metaverse during the first week of November, and the company’s recent integration with the virtual game Roblox. The footwear firm published a blog post about “ Nikeland, ” a Nike-themed virtual world located in the Roblox metaverse. Following Nike’s moves into the realm of the metaverse industry and blockchain world, the company’s competitor Adidas has been racing toward NFTs and the metaverse as well. RTFKT Studios wa...

3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market

Integration across multiple DeFi platforms and consistent insurance payouts after major hacks appear to be boosting WNXM’s fundamentals. There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from  Bitmart ,  AscendEX and  BadgerDAO  exchange.  Nexus Mutual is a decentralized platform that allows investors to secure insurance coverage against smart contract exploits and today the altcoin rallied by 38% even as Bitcoin and the wider crypto market continue to correct. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $46.59 on Dec. 13, the price of the protocols native WNXM token spiked 38% to a daily high at $69.22 on Dec. 14. WNXM/USDT 4-hour chart. Source: TradingView Three reasons for the sudden price reversal of WNXM include a series of new partner...

Hololoot Celebrates an Overwhelmingly Successful Public Sale and Decentralized Listing

PRESS RELEASE. Hololoot is the market-leading AR NFT generator, marketplace and metaverse designed for widespread adoption. Built by AR industry veterans, Hololoot combines the latest developments in 3D modeling with the unique properties of NFTs to produce an app that is simultaneously powerful and easy to use. Their native token HOL, which unlocks the full potential of their platform, was launched recently on three launchpads: Seedify , Synapse and Enjinstarter . These IDOs smashed launchpad records, with First Come, First Served pools filling at an average of under a minute each. Hololoot managed to successfully raise $600,000 across their three sales, adding to their private- and seed-round backing from high-profile investors such as Enjin , Ferrum Network , Otis Capital , Legion Ventures and more. Hololoot followed their fruitful IDO run with their TGE on December 13 and subsequent decentralized listing on Binance Smart Chain’s PancakeSwap. Hololoot also plans to launch high...

Witnesses offer differing opinions on approach to stablecoins at congressional hearing

Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to "avoid policies that encourage the growth of stablecoins." The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn. In a Tuesday hearing on “Stablecoins: How do They Work, How Are They Used, and What Are Their Risks?” Hilary Allen, a professor at the American University Washington College of Law, Alexis Goldstein, director of financial policy at Open Markets, Jai Massari, partner at Davis Polk & Wardwell, and Dante Disparte, chief strategy officer and head of global policy at Circle, addressed U.S. senators regarding some of the risks stablecoins may pose to the U.S. financial system and how lawmakers could handle regulating the...

Multicoin Capital Exec Says There ‘May Not Be a Crypto Bear Market at All,’ Claims ‘Bitcoin Will Get Flipped’

While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.” Multicoin Capital Executive Claims the ‘Next Bear Market Will Not Be Like the Last One’ One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past two crypto winters that shaved digital currency prices by more than 80% in value after each top. Currently, anywhere between 25% to 30% of the value since the crypto price highs on November 10, have been lost and bearish sentiment has put pressure on the crypto economy as a whole. However, despite the 30% drawdown in market values, Multicoin Capital’s managing partner Kyle Samani shared his thoughts in a recent Twitter thread published two days ago. “Why the next bear market will not be like the last o...

Data suggests traders view $46,000 as Bitcoin’s final line in the sand

BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin ( BTC ) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.  When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting which starts on Dec. 15. Investors are afraid that the Federal Reserve will eventually start tapering, which simply put, is a reduction of the Federal Reserve’s bond repurchasing program. The logic is that a revision of the current monetary policy would negatively impact riskier assets. While there’s no way to ascertain such a hypothesis, Bitcoin had a 67% year-to-date gain until Dec. 12. Therefore, it makes sense for investors to pocket those profits ahead of market uncertai...