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Showing posts from January 12, 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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Citadel Securities takes in $1.15B investment from Sequoia and Paradigm

The company confirmed its bet on the crypto space with its latest investment partners. Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto. Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund, will also get a seat on the Citadel Securities Board of Directors for Sequoia Partner Alfred Lin. We are proud to announce that Sequoia and Paradigm have made a $1.15 billion minority investment in our firm. https://t.co/EIbWKduS1h — Citadel Securities (@citsecurities) January 11, 2022 Related:  Sequoia China leads $25M equity round for DeFi wallet DeBank According to a statement, Citadel Securities will use the funds to further its growth of new products, marke...
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First DEX on Oasis Network hits $100M TVL in 24 hours

The successful launch of YuzuSwap on Oasis Network suggests that demand for decentralized exchanges continues to grow following a record-breaking 2021. YuzuSwap, the first decentralized exchange operating on the Oasis Network, has seen rapid uptake since launching on Jan. 11, underscoring heightened demand for decentralized finance protocols.  In its first 24 hours of operations, YuzuSwap achieved a total value locked, or TVL, of $100 million, the company reported Wednesday. Trading volumes over the 24-hour time frame reached $323 million. Within DeFi, TVL refers to the total value of assets being staked on decentralized protocols. YuzuSwap was built using Oasis Network’s Emerald, a smart contract environment that is fully compatible with Ethereum Virtual Machine. The DEX uses a peer-to-peer automated market maker to provide users with low-cost token swaps on Ethereum and within the Oasis ecosystem. The DEX also supports token and nonfungible token asset transfers from six othe...
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OpenSea competitor LooksRare exceeds $394M in sales

The new NFT trading platform already seems to be making waves just days after its launch. Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10. The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor OpenSea’s 2.5% fee on every transaction. The project also allows traders to earn rewards in the form of its native LOOKS token for buying and selling NFTs. The premier NFTs that have taken LooksRare by storm are the Meebits collection, which come from LarvaLabs — the same creators behind Cryptopunks and Autoglyphs.  Meebits are currently the top collection on the market at the time of writing, according to data from DappRadar. It's worth noting that DappRadar has included a disclaimer to highlight the potential wash trading going on with Meebits on LooksRare.  Other traders have similar suspicions of wash tra...
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NYC restaurant claims it will open for NFT holders only

Although the restaurant won’t officially open its doors until 2023, two types of membership are already on sale in Ether. VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, sold as a nonfungible token (NFT). Flyfish Club (FFC) is the world's first member's only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT) and owned by the token-holder to gain access to our restaurant and various culinary, cultural and social experiences. — Flyfish Club (@Flyfishclub) January 12, 2022 VCR Group answered  the question “Why NFT?” on the Flyfish Club website, stating: “By utilizing NFT's, FFC is able to create a loyal, member-community that we can provide special experiences for. NFT's create new modernisti...
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The expanding Cosmos: Here’s why Osmosis (OSMO) hit a new all-time high

Aggregate trading volumes and TVL in the Cosmos ecosystem are lifting the same metrics at Osmosis DEX, resulting in OSMO price hitting new all-time highs. Crypto assets within the Cosmos ecosystem have been on a run since the start of 2022, thanks to an intensified focus on brokering cross-chain compatibility with other blockchains. One decentralized finance (DeFi) protocol that has benefited from the current expansion plans is Osmosis (OSMO).  Osmosis is the first decentralized exchange (DEX) servicing projects connected through the Interblockchain Communication Protocol (IBC) and data from Cointelegraph Markets Pro  show OSMO price surged 123% from a low of $4.05 on Dec. 17 to a new all-time high at $9.24 on Jan. 7. OSMO/USD 1-day chart. Source: CoinGecko Three reasons for the price growth seen in OSMO include a surge in trading volume on the DEX, a record high in the total value locked on the protocol and the release of cross-chain bridges that connect the Cosmo...
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Today in Bitcoin history: 13-year anniversary of transaction between Satoshi and Hal Finney

At the time the first BTC was sent, there wasn’t even a cash value associated with the crypto asset, compared to the more than $43,000 it is on Wednesday, Jan. 12. It’s been exactly 13 years to the day since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain from creator Satoshi Nakamoto. On Jan. 12, 2009, with the Bitcoin ( BTC ) white paper a mere three months old, Satoshi sent Finney 10 BTC — worth next to nothing at the time, but now roughly $440,000. The move, likely a test to determine the viability of the blockchain, was the first in a series of hundreds of millions of transactions in Bitcoin between millions of people across the world. “When Satoshi announced the first release of the software, I grabbed it right away,” said Finney in a 2013 post on Bitcointalk.org. “I think I was the first person besides Satoshi to run Bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satos...
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Checkout.com raises $1B in Series D, bringing valuation to $40B

The British payment platform said it will use funds to further crypto payment processing. Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and a $40 billion company valuation. Among the primary investors in the latest round are Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund and more. Big news We've just closed our $1bn Series D funding round at a $40 billion valuation. It will help drive our US growth, our platform evolution, and exciting work in Web3 Read more from our founder and CEO, @GuillaumePousaz https://t.co/KiqE2Q5NGD pic.twitter.com/PEXmtN2Xkv — Checkout.com (@Checkout) January 12, 2022 The U.K.-based startup plans to use the funds to scale operations in the U.S. market, further develop their payment platform and “strengthen leadership in Web3,” according to the statement. Checkout.c...
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Price analysis 1/12: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin and most major altcoins have started a strong recovery that could reach overhead resistance levels where bears may mount a strong defense. Bitcoin ( BTC ) and most major altcoins appear to have started a relief rally. Glassnode data suggests that Bitcoin addresses with a non-zero balance have risen to about 40 million, indicating increasing adoption by retail traders. Edelman Financial Engines founder Ric Edelman said that the number of Americans owning Bitcoin could rise from 24% currently to one-third by 2022. He expects this to happen as “Bitcoin is becoming more and more mainstream. People are hearing about it everywhere — it isn’t going away.” Daily cryptocurrency market performance. Source: Coin360 The investors buying Bitcoin seem to be in it for the long haul if the outflows from major exchanges are any indication. CryptoQuant data shows outflows of 29,371 BTC on Jan. 11 , the highest withdrawals since Sep. 10. Could the recovery in Bitcoin and the major altc...
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Panther Partners With ShapeShift to Add Interoperable Privacy to DeFi and Web3

PRESS RELEASE. As Panther pushes towards the decentralization of our protocol from Day 1 with LaunchDAO, the first-ever private and decentralized project launch, the team has unveiled a new, exciting partnership. Panther Protocol is partnering with ShapeShift, a household name of the crypto industry. ShapeShift has taken brave steps in the recent past, moving from an exchange aggregator to a complete crypto management platform, as well as announcing its full decentralization. The integration between ShapeShift and Panther will enable the advancement of privacy and data protection for users of DeFi. ShapeShift, through its APIs, digital assets and platforms, is a valuable pillar of the Decentralized Finance ecosystem, and will leverage Panther to achieve the maximum level of consumer protection, efficiency and privacy. Both teams will collaborate on research, deployment of privacy tools, and for ShapeShift users to participate in Panther’s staking program and governance. The techni...
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Northwest Arkansas offering $10K in Bitcoin to attract remote workers

“Next-generation talent is essential to further transform our region into a hub for up-and-coming tech innovators and businesses,” said Blockchain Center of Excellence director Mary Lacity. The Northwest Arkansas Council, consisting of business leaders aimed at promoting development in the region, has announced a crypto incentive program to bring in tech professionals and entrepreneurs willing to work remotely. In a Wednesday announcement, council president and CEO Nelson Peacock said the area would be looking to expand its range of talent in the tech industry by offering $10,000 in Bitcoin ( BTC ) — roughly 0.23 BTC at the current price of $43,610 — in addition to a bicycle or membership to arts and cultural facilities. The “Bitcoin and a Bike” program, the next stage of the area’s Life Works Here initiative, is specifically aimed at embracing professionals in blockchain-related fields. The program will offer the crypto incentive to qualifying individuals willing to live for at le...
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Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet

Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value in cash. This value will be held in the form of USDT , with no option for storing bitcoin, at least at launch. Strike Brings Stablecoin Integration to Argentinians Strike, a popular bitcoin-based wallet, has launched in Argentina, bringing a new way for Argentinians to store their savings via stablecoins. The announcement of this development was made by Strike CEO Jack Mallers, who explained that due to the financial woes the citizens of the country are experiencing, there is a migration to foreign currencies such as the dollar. Mallers stated: There is now unprecedented demand for an open monetary system that lives within a distributed network, has a known monetary policy, a fixed sup...
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Russian protest group Pussy Riot seeks to tackle gender inequality in the NFT space

The Russian punk rock collective Pussy Riot plans to launch a DAO that will be promoting LGBTQ+ and women artists. Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists. As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, the DAO will be working on reducing the gender inequality that still marks the nonfungible token (NFT) space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men, according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The NFT space is still so small, I feel that with a good enough effort you can actually change it,” she said. Nadya is already using her follower base to promote the work of women and LGBTQ+ artists and connect them with potential collectors. The DAO will continue doing so but on a larger scale. “We are going to hire a whole team who will be cr...
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Jack Dorsey Introduces Bitcoin Legal Defense Fund to Protect Open Source Developers

A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.” Dorsey’s letter is also signed by Alex Morcos of Chaincode Labs and Martin White, the co-founder of Hudson River Trading. Jack Dorsey’s Open Letter to the Bitcoin Developers Mailing List Reveals Bitcoin Legal Defense Fund According to an open letter from Jack Dorsey , Alex Morcos, and Martin White, “the Bitcoin community is currently the subject of multi-front litigation.” While the letter does not specifically detail any of the legal cases developers are dealing with, it mentions that “individual defendants have chosen to capitulate in the absence of legal support.” However, the letter does hint at the Tulip Trading lawsuit, which involves Craig Wright , the Australian who claims he is Satoshi Nakamoto and t...
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Anyswap, Keep3rV1, WEMIX follow Bitcoin’s move to $44K with double-digit rallies

ANY, KP3R and WEMIX lead Jan. 12’s altcoin charge after BTC price broke out of range higher with a surge to $44,000. The cryptocurrency community is back in high spirits on Jan. 12 after a majority of tokens in the top 200 flashed green following Bitcoin's ( BTC ) spike to $44,000 . The return of bullish momentum has come as a boon to several altcoin projects, with multiple tokens seeing gains in excess of 20%. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Anyswap (ANY), Keep3rV1 (KP3R) and WEMIX (WEMIX). Anyswap expands its list of supported networks Gains in the altcoin market were led by Anyswap, a decentralized exchange that specializes in allowing users to transfer and swap tokens between 25 distinct networks. Data from Cointelegraph Markets Pro and TradingView shows that since falling to a low of $15.16 on Jan. 10...
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