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Showing posts from December 31, 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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South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year

Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start accepting cryptocurrency donations sometime in mid-January of 2022. According to the lawmaker, anyone that wishes to sponsor his campaign will be able to do so by directly transferring funds to his office wallet. As explained in The Korean Times report , once received, the donated crypto will be converted into Korean won and then deposited into his sponsorship account. The report meanwhile reveals that receipts for such donations will be issued in the form of non-fungible tokens (NFTs) and sent to the respective donor’s email address. Explaining his reasons for choosing to accept digital currency donations...
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Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown

Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.” Malaysian Authorities Shut Down Bitcoin Mining Operation Malaysian police have cracked down on a major electricity theft case involving bitcoin mining, local media reported. Perak police chief Datuk Mior Faridalathrash Wahid said at a press conference Thursday at the Manjung district police headquarters that the crackdown was carried out following public complaints. Noting that the operation involved the Tenaga Nasional Berhad (TNB) and the Sitiawan Fire and Rescue Station, the police chief explained: This operation is the biggest success with TNB this year. He noted that according to the TNB, the theft of electricity was worth about RM2 million ($478,870). ...
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Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. OSC Says Binance’s Action Is ‘Unacceptable’ Cryptocurrency exchange Binance got into trouble with the Ontario Securities Commission (OSC) Thursday. Binance notified its users in June that Ontario was becoming a restricted jurisdiction and users may need to close their accounts. However, the crypto exchange sent a letter to its users Wednesday stating: As a result of ongoing and positive cooperation with Canadian regulators, there is no need for Ontario users to close their accounts by December 31, 2021. The exchange also informed its users: “Binance in Canada has been successful in taking its first steps on the r...
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Bitcoin price fell short of analysts’ $100K target, but what about 2022?

After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest? Bitcoin ( BTC ) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term .  One of the negatives that may add pressure to Bitcoin in the short term is the shift in the United States Federal Reserve’s monetary policy. On Dec. 15, the Fed announced that it would wind down its bond-buying program at a faster pace, and it also projected three interest rate hikes in 2022. Crypto market data daily view. Source: Coin360 Sam Stovall, chief investment strategist of CFRA Research, told  CNBC that historically, the S&P 500 tends to post negative returns in the 12-month period when the Fed undertakes three or more rate increases. ...
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Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal

The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace. Twitch Co-Founder Launches Fractal NFT Market On December 30, the co-founder of Twitch, Justin Kan , told his 245,600 Twitter followers that he launched an NFT marketplace called Fractal . Kan also tweeted about the Fractals NFT collection that leverages the Solana (SOL) blockchain network. “Today, we are excited to launch our gaming NFT marketplace: Fractal,” Kan said . “We are also dropping our Fractal NFTs, the largest NFT airdrop in Solana history,” the entrepreneur added. In addition to Kan, Fractal was also founded by Robin Chan, David Wurtz and Mike Angell. Fractal hosts a number of digital goods from The Sandbox, Solchicks, Nyan...
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Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats

BTC price dipped below $46,000 after seeing highs north of $48,500 earlier in the day. Leading altcoins also turned lower. Bitcoin ( BTC ) and the broader cryptocurrency market turned lower later in the day on Dec. 31, erasing intraday gains to cap off a highly successful year on a weaker note.  Market Update BTC price fell below $46,000 on Dec. 31 and was last seen hovering below that level, according to data from Cointelegraph Markets Pro and TradingView . The flagship cryptocurrency is down over 5% from its intraday peak and 2.9% on the day to trade at $45,933.  Bitcoin's price is back on the defensive as the year draws to a close. Source: Cointelegraph Markets Pro Altcoins faced a similar downward trajectory as Bitcoin, with the likes of Ether ( ETH ), Binance Coin ( BNB ) and Solana’s  SOL  each falling more than 2%. Cardano’s ADA declined over 4% on the day. The combined market capitalization of all cryptocurrencies shed over $100 billion from its i...
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Metaverse NYE Parties: Decentraland New Year’s Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

There’s a New Year’s Eve fiesta in the metaverse called the Metafest 2022 Global Party hosted by the real estate firm Jamestown and the crypto investment firm Digital Currency Group (DCG) in Decentraland. According to the announcement, the owner of One Times Square, Jamestown will recreate the iconic site in Decentraland for the 2022 ball drop. NYE Meets the Metaverse There’s New Year’s Eve ball drop celebration taking place in the Decentraland metaverse and it’s hosted by the real estate firm Jamestown and Digital Currency Group (DCG). According to the announcement, DCG is one of the largest land owner in Decentraland, while Jamestown owns the well known One Times Square. DCG’s head of real estate, Simon Koster, explains how the digital world can meld with the real one. “The metaverse is quickly evolving to bring together the most interesting and alluring parts of our favorite physical places around the world,” Koster remarked during the announcement. “From destinations, to gamin...
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