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Showing posts from January 7, 2022

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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Report: Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime

According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021 cryptocurrency transaction volume. Percentage of Funds Sent to Illicit Addresses Falling The value of cryptocurrency-related crimes recorded in 2021 surged to a new all-time high of $14 billion, a figure that is almost double the $7.8 billion which was received by so-called illicit addresses in the year 2020. Nevertheless, this increase in the value of funds transferred to illicit addresses is still much lower than the average growth of the crypto economy, the latest Chainalysis data has shown. In a recent blog post breaking down the crypto economy’s 2021 transaction volume of $15.8 trillion, the blockchain analysis firm Chainalysis asserts that the growth in value of funds transferred to illicit ...
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Vitalik Buterin gives thumbs down to cross-chain applications

Ethereum's co-founder cites "fundamental security limits of bridges" as the key reason for his disapproval. In a Reddit post on Friday, Vitalik Buterin, the co-founder of Ethereum ( ETH ), outlined critical security concerns surrounding cross-chain bridges in the blockchain ecosystem. As told by Buterin, storing native assets directly-chain (Ethereum on Ethereum, Solana on Solana, etc.) provides a certain degree of immunity against 51% attacks . Even if hackers manage to censor or reverse transactions, they cannot propose blocks to take away one's crypto. The rule also applies to the Ethereum application. For example, if hackers launch a 51% attack (by controlling 51% of all circulating ETH supply) while an investor swaps 100 ETH for 320,000 DAI stablecoin, the end state remains invariant, i.e., the investor would always get either 100 ETH or 320,000 DAI. However, Buterin continued, that the same level of security does not apply to cross-chain bridges. In the exa...
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Ertha Partners with Cryowar

Ertha, one of the most highly-anticipated metaverse projects, recently launched it’s native ERTHA token to much success on Huobi Primelist. The play-to-earn game made huge progress in 2021 and is now poised to deliver a one-of-a-kind experience to fans of NFT gaming later this year. Thanks to the project’s meteoric rise, Ertha has attracted the attention of some of the biggest names in DeFi, bringing about high-profile investments and now, a valuable partnership with a team well renowned for its glowing reputation within the game development community. Ertha is partnering with Cryowar , a next-generation play-to-earn arena brawler powered by the Solana blockchain. The Cryowar team’s dedication to their craft and commitment to spotlighting NFT gaming combines the two teams’ shared values. The partnership will be exciting news for both sets of communities, as their exchange of ideas is sure to open up new avenues and perspectives, collectively pushing the boundaries of blockchain gam...
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Mozilla ‘Pauses the Ability to Donate Crypto’ After Complaints and ‘Environmental Impact’ Considerations

On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained about the decision the company made. A week later, Mozilla has announced it is backing away from digital currency acceptance for now and has “paused the ability to donate cryptocurrency.” Mozilla Revealed Crypto Acceptance Last Week and Quickly Backed Away After Backlash Last week, Mozilla, the current owners of the Gecko layout engine, the Thunderbird email client, and the Firefox web browser revealed it was accepting crypto donations via the payment processor Bitpay. “Dabble in dogecoin? HODLing some bitcoin [and] ethereum? We’re using Bitpay to accept donations in cryptocurrency,” Mozilla tweeted at the time. Mozilla co-founder Jamie Zawinski criticized Mozilla’s crypto acceptance decision immediately after the tweet. “Hi, I’m sure that whoever runs this account has no idea who I am...
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Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability

IRIS, SCRT and AKT are among the Cosmos ecosystem assets that turned bullish in anticipation of Ethereum interoperability via Evmos. The wider cryptocurrency market is facing another day of volatility and selling on Jan. 7 as Bitcoin ( BTC ) bears managed to break bull support at $42,000. The price of Bitcoin was pushed to a daily low of $40,620 before resources were exhausted.  Data from Cointelegraph Markets Pro shows that four of the top seven gainers of the day are part of the growing Cosmos Hub. This ecosystem currently uses the Interblockchain Communication protocol (IBC) to facilitate interoperability and communication between connected networks. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Here’s a look at what’s behind the strength seen in IRISnet (IRIS), Secret (SCRT), Akash Network (AKT) and Cosmos (ATOM). IRISnet expands its NFT capabilities The top gainer over the past 24-hours has been IRISnet, an interchain service h...
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Here are the most predictable tokens of 2021 – for those who knew where to look

Some crypto assets are more likely than others to show recurring behavior — and there is a way for savvy traders to capitalize on that. Digital assets’ past performance is never a guarantee of future price movement. There are never two identical situations in the crypto marketplace, so even historically similar patterns of a token’s behavior can be followed by starkly different price action charts. Still, crypto assets’ individual history of price action often rhymes, giving those who can ready this history right a massive edge over other traders. And, importantly, some tokens are much more likely than others to exhibit recurring behavior, which makes their bullish setups more recognizable ahead of time. Cointelegraph Markets Pro , a subscription-based data intelligence platform whose job is to search for regularities in crypto assets’ past trading behavior and alert traders to historically bullish conditions around individual assets, has been live for almost an entire year now. Ba...
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Interest in Bitcoin and Ethereum Slides According to Google Trends Data, NFT Queries Skyrocket

While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28. Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and ‘Cryptocurrency’ Continue to Slide Interest in bitcoin, NFTs, cryptocurrency and ethereum has waned according to Google search trends. Essentially, the web page Google Trends analyzes the popularity of top search queries worldwide and regionally and it scores specific terms and phrases by the number of searches. Last year, crypto-assets like BTC and ETH reached all-time price highs and interest increased a great deal during those specific time frames. Typically, when the price reaches new...
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Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA

Clever traders have learned to capitalize on lucrative arbitrage opportunities that occasionally manifest in Terra’s LUNA and bLUNA tokens. The end of the year is normally a time to wind down and prepare for the holiday season, but the last few weeks of 2021 saw a crypto market that showed no signs of resting.  One of the headline-grabbing stories related to Terra reaching an all-time high in terms of the total value locked (TVL), and the project surpassed Binance Smart Chain (BSC) as the second-largest decentralized finance blockchain after Ethereum. After reaching the $20-billion TVL mark on Dec. 24, Terra’s TVL has come down to around $19.3 billion at the time of writing according to data from Defi Llama , but this is in no way, shape or form a bearish signal. Top 5 total value locked on the top 5 blockchains. Source: Defi Llama Currently, Terra has only 14 protocols built on the chain, compared to the 257 protocols on BSC and the 377 that are on the Ethereum network. Ter...
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