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Showing posts from December 28, 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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The Novatar — the Best Place to Create Your Digital Identity

PRESS RELEASE. The Novatar will be launching with a limited edition of 25K avatars, an NFT project to enable users to experience the fascinating new world of virtual reality and claim a brand new self. To resemble how humans came into this world in the form of a baby, all 25K Novatars are newborns. Similarly, all are distinctive with distinctive features, expressions, race, and skin color. As the babies grow, so will do the Novatars, this will happen after minting. Progressing with their genes and appearance, the user can choose the date to transform them into an adult. All of the 9 genes of Baby Novatar are basic. Out of the 14 genes of an adult Novatar, 10 genes are fundamental while the rest are optional. For infant avatars, each gene has 6 variations, while for adults, each gene has 11 variations (except for the genes responsible for skin, hair, eyes, and eyebrows colors). The Novatar users have multiple usability options available: With such diversity, a user can surely...
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FTX exchange floats $1M prize for banks to accept stablecoins

Stablecoins like USDT are under scrutiny in the United States, with some lawmakers calling for greater regulatory oversight of the industry. Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million reward. In a Tuesday Twitter post, FTX said it was exploring forming relationships with banks in different regions to allow users to have “near-instant and near-free deposits and withdrawals” through stablecoins. The exchange floated the idea of offering a $1 million prize for the first bank in each region to accept the tokens but hinted it would be open to giving more. How much would it cost to convince a bank to accept stablecoins? If we offered a $1m prize for the first bank in each region that does it is that enough? Do you work for a bank and want to discuss this? — FTX - Built By Traders, For Traders (@FTX_Official) December 28, 2021 The pitch to the exchange’s more than 350,0...
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Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping into the world of creating “exclusive digital content.” The racing division Scuderia Ferrari announced that the Italian car manufacturer has partnered with Velas Network AG in a multi-year agreement. The company says Velas will help bolster digital content for Scuderia fans and the announcement explains Velas will also be a title sponsor for the Ferrari Esports Series. Velas network’s web portal notes that Velas is a Solana (SOL) fork with built-in EVM integration and the network launched in 2019. “We have the fastest EVN chain to compete with Ethereum 2.0,” the website claims. The ...
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Analysts warn that possible downside wick could push BTC price as low as $44K

A double top formation preceded Bitcoin's plunge below $48,000 on Dec. 28 with some analysts suggesting it could dip to $44,000 before resuming its uptrend. It looks as though the year-end rally that many crypto traders had hoped for will have to wait until 2022, as Bitcoin ( BTC ) bears gained the upper hand on Dec. 28 and hammered the price of BTC below support at $48,000.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling broke through BTC support at $50,000 and was followed by a second wave in the early afternoon that dropped the top cryptocurrency to a daily low of $47,318 before bulls managed to stem the outflow. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what several market analysts are saying about the reasons behind this latest correction and what to look out for as 2021 comes to a close. A bearish RSI divergence prior to the reversal Insight into the technical reasons for the year-end correction for...
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‘The only thing holding us back is us,’ says Charles Hoskinson on DeFi's future

In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry. The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum,  according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021. While TVL valuations underscore the rapid growth of the industry, Cardano ( ADA ) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry.  According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there needs to be more long-term vision among developers and creators: “It’s very hard to do this kind of engineering and to do it right, with an eye and foresight for the future. Unfort...
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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has been burned. Burning $5 Billion in Ether in 4 Months Around four months ago, Ethereum implemented the London upgrade which added a number of new rule-sets to the chain. The most transformative included EIP-1559 , an Ethereum rule-set improvement that created a new fee rate scheme allowing the network to burn a portion of ether. “The algorithm results in the base fee per gas increasing when blocks are above the gas target, and decreasing when blocks are below the gas target. The base fee per gas is burned,” EIP-1559’s description notes. As of today, December 28, 2021, 1.28 million ether has been destroyed by the burn process, which equates to close to $5 billio...
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