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...
The government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leaving Kazakhstan.
Assen Vassilev, Bulgaria’s deputy prime minister for EU Funds and minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism.
According to a Friday Bloomberg report, Vassilev said the government was in discussion with the Bulgarian National Bank as well as industry players to explore crypto payments “in the short to medium term.” However, he added that Bulgaria was unlikely to become a major hub for crypto miners — many are reportedly considering leaving Kazakhstan amid political turmoil and disruptions to the internet.
The Bulgarian government may still be one of the biggest HODLers in the world following the seizure of 213,519 Bitcoin (BTC) from an underground crime network before the 2017 bull run — valued at roughly $3.5 billion at the time, but more than $8.2 billion at the time of publication. It’s unclear if officials sold or auctioned the crypto at the time or continue to hold the digital assets.
As a member of the European Union, Bulgaria is one of only eight countries that hasn’t adopted the euro and wouldn’t necessarily benefit from the rollout of a digital euro among participating central banks. In June 2021, the government and Bulgarian National Bank officials said they intended to adopt the euro starting in 2024. European Central Bank President Christine Lagarde said in March that the digital currency might not be introduced until 2025, if not later.
Related: Google Pay hires PayPal exec to head up crypto payments push
In 2021, a federal jury in the United States found the owner of Bulgaria-based crypto exchange RG Coins, Rossen Iossifov, guilty of conspiracy to commit racketeering and money laundering. The Bulgarian national collaborated with others in a scheme that defrauded roughly 900 Americans of more than $7 million. He was sentenced to ten years in prison.
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