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Showing posts from December 23, 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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Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million

The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit $6 Million Microstrategy CEO Michael Saylor talked about his bitcoin strategy and BTC price prediction in a recent interview with the Information, published this week. Saylor revealed that he personally owns at least 17,732 bitcoins, which is the same amount he disclosed back in October last year. At the current BTC price, his bitcoin stash is worth almost $858 million. The Microstrategy executive never sold any of his bitcoins and does not believe they should ever be sold. Furthermore, the Information reported: Saylor foresees bitcoin hitting $600,000 a coin, and eventually $6 million. Meanwhile, Microstrategy has amassed 122,478 BTC , worth almost $6 billion at the current price. The coins were acquired at an...
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Argo Blockchain among most traded stocks by Fidelity customers

Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the stocks most actively traded by Fidelity customers in 2021. Financial services company Fidelity Investments’ U.K. arm reported that over the last 12 months, customers were most interested in trading shares of crypto mining firm Argo Blockchain.  In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, British Airways owner International Consolidated Airlines, oil giant BP and Lloyds Banking Group. Argo, which Fidelity described as a “trending” stock, also ranked third among stocks traded by Self-Invested Personal Pension, or SIPP, investors. However, the financial services company hinted that Argo may not make the top five next year. According to Fidelity, “new arrivals” knocked the mining firm off the list of most actively traded stocks in December, including COVID-19 test manufacturer...
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3 embroidery artists weave NFT charity drop to help victims of human trafficking

Hope for the Future offers support and the opportunity of a new start to people affected by human trafficking or sexual exploitation. Three embroidery artists — Russia’s Katerina Marchenko, Brazil's Aline Brant and Ninni Luhtasaari of Finland — announced Thursday that they will be auctioning their nonfungible token (NFT) art pieces to support Hope for the Future (HFTF), a registered charity based in Austria. Proceeds from the auction will help victims of human trafficking find entry-level work positions after their harrowing experiences. Katerina Marchenko embroidering .  Source: Katerina Marchenko The NFT sale will take place on Orica between Dec. 27–30, with each piece having a floor price of $500. The auction's goal is to raise $10,000 for the employment program.  "Even when one offers survivors the possibility to get out, they are mostly very traumatized by their experiences, they have little knowledge of the local language, and they must first become integrate...
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Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse

On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse While land located next to Snoop Dogg’s Sandbox plot has sold for lots of money and other firms like Atari have purchased Sandbox property, now major accounting firm PWC’s Hong Kong branch has also purchased metaverse land in The Sandbox virtual world. PWC is a multinational professional services network of firms located in 156 countries. The company is often referred to as one of the Big Four accounting firms alongside EY, KPMG, and Deloitte. PWC’s Hong Kong branch has been into blockchain technology and crypto assets for quite some time and in November 2017, the office revealed it accepted bitcoin payments for consultancy services. The announcement on December 23 says that the land in The San...
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US lawmaker planning to introduce comprehensive crypto bill in 2022: report

Cynthia Lummis’ proposed bill reportedly aims to provide regulatory clarity on stablecoins, guide regulators around asset classes and offer consumer protections. Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets.  In a Thursday report, Bloomberg said Lummis’ proposed bill aimed to provide regulatory clarity on stablecoins, guide regulators as to which cryptos belong to different asset classes and offer consumer protections. In addition, the U.S. senator reportedly proposed creating an organization under the joint jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission to oversee the crypto market. On Twitter, Lummis called for U.S. voters to reach out to their respective senators to support the bill, saying she was looking for bipartisan cosponsors. The Wyoming senator — despite being a stau...
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PwC Hong Kong purchases land plot in The Sandbox

The specific plot of land and asset price are unknown at this time, though PwC Hong Kong has divulged early intentions to enter the space. PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of LAND in the popular world The Sandbox. Though the cost of its LAND asset was undisclosed, it was noted that PwC Hong Kong intends to construct a Web 3.0 advisory hub to facilitate a new generation of professional services, including accounting and taxation. The global organization PwC, headquartered in London, United Kingdom, documented revenues of $45 billion from June 2020 to June 2021, up 2% from the previous year. William Gee, a partner at PwC Hong Kong, stated that the organization will seek to "leverage our expertise to advise clients" on the metaverse, calling the burgeoning technology a "digital phenomenon.” Related: Virtual land in the metaver...
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FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin

The Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department of Justice detailed: “As a result of this coordinated effort, investigators obtained the ‘private key’ … needed to access the bitcoin address.” Citibank and Sony Help FBI Seize Bitcoin Worth $180 Million The U.S. Department of Justice (DOJ) announced this week that the U.S. has “filed a civil forfeiture complaint” to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The FBI and various Japanese law enforcement agencies investigated the case “with significant assistance from Sony and Citibank,” the announcement details, adding: As a result of this coordinated effort, investigators obtained the ‘private key’ … needed to access the bitcoi...
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Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain

Terra becomes the second-biggest DeFi chain in terms of total value locked after Ethereum. Terra ( LUNA ), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking rewards.  The price of LUNA, Terra's native token, is also steadily trending upwards, trading above $94 with a 31% increase in one week, according to Cointelegraph Markets Pro . The coin now has a total market capitalization of $34.8 billion, placing it in the top 10 crypto projects. LUNA continues to be one of crypto's hottest performers. Source: Cointelegraph Markets Pro In terms of TVL, Terra is now the second-largest DeFi network below Ethereum and above Binance Smart Chain. For reference, BSC...
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Fighting for Web 3.0: Digital wallet wars are the new browser wars

The same way the browser became the window into the early internet, digital wallets are becoming the interface for the decentralized internet, or Web 3.0. Most people might not remember that websites once had icons that said, “This site has been optimized for Internet Explorer,” but, two decades ago, it wasn’t uncommon. Just like today’s battle between Web 2.0 monopolies and Web 3.0 communities, at the beginning of the early consumer internet, there was a similar battle waged over who would own the portal to it: A closed-source global monopoly, or an open-source nonprofit. A battle for the soul of the internet Long before Web 3.0, the browser wars defined the early internet. Netscape Navigator was the first consumer browser in the market and the browser of choice for the first users of the web. For many, it was synonymous with the dawn of the internet. Slowly but surely, however, Microsoft leveraged its monopoly position in the OS space to push its closed-source alternative: Int...
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