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Showing posts from January 18, 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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Win up to 3,000 USDT at LBank Exchange’s 100% Winning Event!

PRESS RELEASE. Isn’t it always nice to know that you are guaranteed to win? It’s not a dream as long as you participate in the latest lottery event hosted by LBank Exchange ! With a 100% chance of winning, you may even end up bringing yourself great luck with the jackpot worth of 3,000 USDT as well as other exciting prizes! This lottery event will start from Jan. 14th, 2022 and end on Feb. 2nd, 2022 (UTC+8). You will receive the lottery code by simply completing designated tasks. Prizes are as follows, come join in the event and win! Prize Type 1 : 1 to 3,000 USDT or equivalent tokens Prize Type 2 : Cashback Card worth of 20 USDT Prize Type 3 : 200 USDT Earning Bonus To participate in this lottery event, you need to complete some simple tasks. These tasks are super easy to complete and you can receive lottery codes once they’re done: 1) Join Official Group : Join LBank Exchange official Telegram community and check the PINNED message to get the lottery code (once only). 2...
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OpenSea acquires Dharma Labs and a new CTO

The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms. OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new chief technology officer and its head of strategy, respectively. OpenSea claimed this acquisition will help accomplish its mission to scale product development, grow its team, expand its safety and reliability efforts and invest in the nonfungible token (NFT) and Web3 ecosystem. I’m happy to finally share that we’ve acquired @Dharma_HQ to help us scale our engineering, product and customer support! https://t.co/NnJdSFBzvo — Devin Finzer (dfinzer.eth) (@dfinzer) January 18, 2022 Devin Finzer, OpenSea’s co-founder and CEO, believes that the “union” between the marketplace and Dharma Labs will “...
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Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse

Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion The firm Animoca Brands is a global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology. On Tuesday, the company announced that the firm has secured $358.8 million in a financing round led by Liberty City Ventures. In a statement sent to Bitcoin.com News, Animoca Brands further detailed that other investors included Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, 10T Holdings, C Venture...
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Analysts warn that Bitcoin could dip to $38K 'before an eventual breakout'

Bitcoin continues to struggle below $42,000 as extreme fear grips the crypto market and analysts hint at a drop to $38,000. The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin ( BTC ) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered "Extreme Fear" among investors and some traders caution that BTC price could soon fall below its recent $39,000 swing low. Crypto Fear & Greed index. Source: Alternative Data from Cointelegraph Markets Pro and TradingView shows that bulls lost control of the $42,000 support level during the early trading hours on Tuesday as bears hammered the BTC price to a daily low of $41,250. BTC/USDT 1-day chart. Source: TradingView January is historically weak for Bitcoin Many crypto holders who were disappointed by the lack of a blow-off top to close out 2021 also expecting fireworks to start 2022, but historically speaking, ...
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'The risks outweigh the benefits' of a Swiss CBDC, says SNB governing board member

"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler. Andréa Maechler, a member of the governing board for the Swiss National Bank, or SNB, has reportedly altered her position on the central bank issuing a digital franc.  According to a Tuesday report from Reuters journalist John Revill, Maechler said officials at the country’s central bank “believe the risks outweigh the benefits” when it comes to CBDCs. The governing board member said having the general public use a digital franc in day-to-day transactions would likely not help to promote financial inclusion in Switzerland, where almost all the working population already have access to bank accounts. "This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Maechler, adding the central bank needed to consider privacy concerns and the potential f...
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Cardano goes ‘full send’ with a 50% ADA rally ahead of SundaeSwap launch

ADA bulls cranked the price higher as excitement mounts over the upcoming SundaeSwap DEX launch. Cardano ( ADA ) traded within striking distance of its three-week high  at the start of this week, leading some investors to suggest that a trend reversal was in order. In reality, the bullish momentum is primarily connected to an anticipation of the upcoming decentralized exchange (DEX) called SundaeSwap. ADA price rose by nearly 12% on Jan.17 to reach an intraday high of $1.60, a day after SundaeSwap announced the launch of its "fully-functional beta decentralized exchange (DEX)." Nonetheless, the upside swing also came as a part of a wider rebound trend wherein ADA jumped by almost 50% in just seven days. ADA/USD daily price chart. Source: TradingView In detail, ADA's rebound began almost in sync with similar retracement moves across the cryptocurrency market. That included Bitcoin ( BTC ), which sharply reversed its trend on Jan. 10 after its price dipped to as lo...
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Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
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