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Showing posts from December 24, 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...

Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization

Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti- ETH . “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed. Elon Musk Shares Why He’s Pro Doge Elon Musk’s Doge explanation came as he and dogecoin co-creator Billy Markus joined a Twitter thread about web3 and Ehtereum involving Jack Dorsey. The former Twitter CEO raised concerns this week about web3 being owned by venture capitalists (VCs). Markus wrote: “My goal is to build stuff and make money and have fun. I’m used to the corporate establishment and don’t really see any meaningful break away from it ~ bitcoin just gives power to new rich people.” Musk replied , “That’s why I’m pro Doge.” In the same thread, Dorsey clarified: “I’m not anti- ETH . I’m anti-centralized, VC-owned, single point of failure, and c...

5 cryptocurrency projects that made waves in 2021

UNI, AAVE, CRV, AXS and DOGE are a few of the top cryptocurrency projects in 2021 that helped transform the face of the cryptocurrency ecosystem and paved the way to mass adoption. 2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin ( BTC ) price established a new all-time high of $68,789. In the same timeframe, Ether ( ETH ) went on a parabolic rally which saw its price gain 565% from Jan. 1 to hit a record high at $4,859 on Nov. 10. While it was a banner year for large cap cryptocurrencies, some of the biggest gains and most impactful developments came from the altcoin market where decentralized finance (DeFi) and nonfungible tokens (NFTs) rallied by thousands of percent and helped to usher in a new level of awareness and adoption for blockchain technology and cryptocurrencies. Here’s a look at five altcoin projects that made significant contributions to the cryptocurrency ecosystem in 2021. Uniswap The...

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was published and the billionaire said that he believes crypto and blockchain space will grow to tens of trillions of dollars in value. Jihan Wu: ‘Crypto and Blockchain to Grow to Tens of Trillions of Dollars’ in the Future The former CEO of Bitmain is no stranger to the world of cryptocurrencies as the pioneer has been involved in the industry for well over a decade. Jihan Wu co-founded the privately-owned company Bitmain Technologies Ltd., with Micree Zhan in 2013. In recent times, he leads the digital currency financial services company Matrixport, a startup that raised $100 million in August. Wu is a big believer in crypto and blockchain and in May, Wu ...

100 Opening Slots, LBank Exchange Reveals Galaxy Club Program to Encourage Project Innovation

PRESS RELEASE. Innovation has always been an essential part of the LBank Exchange ’s core value. Lots of projects with different innovative features have been listed on LBank Exchange since its launch back in 2015. This gave 6.4 million users across the globe the chance to participate in crypto investment, which helped rocket the development of many crypto projects. In 2021, LBank Exchange listed 150+ meme/community projects, 4 of them increased by 100 times, 10 of them increased by 50 times, and 25 of them increased by 30 times. There were also 20+ early/initial listings on LBank Exchange this year which were later listed on other leading exchanges. Without the support of these projects, LBank Exchange wouldn’t have become the world-class digital asset trading platform it is today. To connect with these projects on a much deeper level, and encourage them to make continuous innovations, LBank Exchange is excited to announce the Galaxy Club Membership program. With 100 opening slots,...

'Twas the Night before Christmas: A Cointelegraph Story

The classic poem remade for the crypto space, to remind readers it's all about the HODLing this holiday season. 'Twas the night before Christmas, when all thro' the Twittersphere Not a troll was stirring, not even a financier; The crypto was HODLed in cold storage with care, In hopes that Satoshi would soon reappear; The newbies avoided FUD and slept in their beds, While visions of lambos danc'd in their heads. And Pomp being occupied, and Schiff spewing crap, Weren’t calling attention to traders stacking sats. When in the trends came mentions of Nakamoto, I had to be sure it wasn’t just FOMO.  Away to my portfolio my fingers did fly, And checked on the prices — man, were they high! Then, for a moment, I thought I was wrong. But no — a huge bull run, and eight altcoins going along. Who could have done this? Who answered my prayer? I knew in an instant the answer: Michael Saylor. He's making a list. He's checking it thrice. #HappyHodlDays pic....

SWIFT Aims to Test Tokenization in 2022, Clearstream, Northern Trust, SETL to Participate

SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream, Northern Trust, and SETL to explore “the feasibility and benefits” of using SWIFT as an interconnector to tokenization platforms. Financial Intermediary SWIFT to Be Used as a Tokenization Interconnector The Society for Worldwide Interbank Financial Telecommunication ( SWIFT) , has been studying cryptocurrencies and blockchain technology for quite some time. For instance, SWIFT published a report in September 2020, that noted criminals preferred cash for money laundering in contrast to using crypto for illicit transactions. Over a year later, SWIFT is still focused on this technology and revealed in a blog post published on December 1, that it was participating in an asset tokenization te...

Here's how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal

Polygon's scalability, efficient processing times and very low gas fees provide a solution to Ethereum's current network limitations, according to Nailwal. Polygon ( MATIC ), a layer-two network designed for scaling and application infrastructure development on Ethereum ( ETH ), has been making rounds among blockchain enthusiasts as of late. From its $1 billion investment into zero-knowledge technology to co-launching a $200 million Web 3.0 social media initiative  and up to integrating with Opera's web browser to make its decentralized apps  accessible to 80 million Android mobile users , the network's momentum is going strong.  But partnerships and business aside, the technological capacities of the network, especially when compared to Ethereum, are also attracting the attention of many blockchain developers. In an exclusive interview with Cointelegraph, Polygon co-founder Sandeep Nailwal talked about the extent of the network's adoption. Cointelegraph: Wha...