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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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Coinbase users can receive US tax refunds in crypto as part of TurboTax deal

The exchange said users could send the funds to their Coinbase accounts in fiat, or automatically convert it to crypto with no trading fees.

Tax filing platform TurboTax is allowing U.S. filers to get their refunds directly in crypto as part of an arrangement with crypto exchange Coinbase.

In a Thursday blog post, Coinbase announced users who filed their tax returns using TurboTax would have the option to receive any returns in cryptocurrencies like Bitcoin (BTC) and others supported on the platform. The exchange said users could send the funds to their Coinbase accounts in fiat, or automatically convert it to crypto with no trading fees.

A New York Times report said that the offer from Coinbase applied to both state and federal income taxes. The crypto exchange has previously partnered with tax calculating platform CoinTracker to fill out the forms for users to declare capital gains and losses on their returns.

The deadline for U.S. residents to file taxes is April 18, and many platforms are stepping up offerings to navigate the necessary forms to avoid possible audits. Crypto tax compliance company TaxBit announced in January that it was launching a network of U.S.-based crypto firms aimed at providing tax reporting data to users.

Related: US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

Under current U.S. law, exchanging, buying or selling crypto qualifies as a taxable event, likely subject to a 20% capital gains tax. HODLing assets for an entire year or more essentially keeps them exempt from taxes.

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