Skip to main content

Posts

Showing posts from January 21, 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...
Post a Comment
Read more

Report: A16z to Raise $4.5 Billion for Crypto Investments

A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year. A16z to Double Down on Crypto A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest in two different crypto-related funds this year. According to people briefed in the exploratory meetings to complete this fund, A16z will be seeking $3.5 billion to invest in a new cryptocurrency fund and $1 billion to power another fund directed for seed investments in early-stage startups. The company is reportedly scouting different participants for support to acquire these funds, and A16z is said to ...
Post a Comment
Read more

MetisDAO TVL surges by 99,800% as the layer-2 race heats up

The total value locked on METIS rose by 99,881% in a month after the layer-2 project integrated with numerous DeFi protocols and cross-chain bridges. Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets and protocols use this funds to build out their products and attract attention from larger investors.  One protocol that has been gaining traction in the total value locked (TVL) race is MetisDAO (METIS), a layer-two rollup platform designed to fully support the application and business migration from Web2 to Web3. Top 10 TVL gainers over the past month. Source: CCK Ventures Alongside the growth in the TVL on its protocol, the METIS token has also received a boost of momentum with data from Cointelegraph Markets Pro and CoinGecko showing that the price of METIS climbed from...
Post a Comment
Read more

Bulgaria's finance minister says the country is exploring crypto payment options: Report

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 t...
Post a Comment
Read more

NFTs and compliance: Why we need to be having this conversation

With the huge growth in the NFT industry, the time is right to take a look at NFTs from a compliance and regulatory perspective. “Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws.” — Plato The above quote has withstood the test of time. Across industries, markets, communities and ideas, people ultimately will find a way to either do good or at worse, wrong. Nonfungible tokens (NFTs) and crypto are certainly no exception to the rule. The industry is exploding — overflowing even — with endless drops, jaw-dropping floor prices and adoption across ever-expanding corners of culture. NFTs are moving forward at breakneck speed, and the money is there. According to data from market tracker DappRadar, NFT sales skyrocketed to $10.7 billion in the third quarter of 2021, up more than 8x from the previous quarter. That's a lot of Apes and Penguins. Creators, brands, institutions — everyone is diving headfirst into this world ...
Post a Comment
Read more

A key Ethereum price metric hits a 6 month low as ETH falls below $3K

ETH price has been in a downtrend for 3 months, and derivatives data shows pro traders are almost ready to throw in the towel. Ether ( ETH ) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve's December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with that looming overhead, Ether has problems of its own, more specifically, the ongoing $40 and higher average transaction fees. On Jan. 3 Vitalik Buterin said that Ethereum needs to be more lightweight in terms of blockchain data so that more people can manage and use it. The concerning part of Vitalik's interview was the status of the Ethereum 2.0 upgrade, which is merely halfway implemented after six years. The subsequent roadmap phases include the "merge" and "surge" phases, followed by "full sharding implementation." When implemented, they will lead to an 80% estimated completion of the...
Post a Comment
Read more

Bitcoin Mining Difficulty Reaches Lifetime High, It’s Now More Difficult Than Ever Before to Find a Block Reward

Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached on May 15, 2021, which means it is currently more difficult than ever before to find a bitcoin block reward. Bitcoin’s Mining Difficulty Taps an ATH at 26.64 Trillion, Hashrate Shudders After Price Dip and Difficulty Increase On January 20, 2022, Bitcoin experienced its 357th epoch difficulty adjustment moving 9.32% higher than the two weeks prior. At the time of writing, the Bitcoin ( BTC ) network’s mining difficulty has reached an ATH tapping 26.64 trillion . The last difficulty ATH was recorded 251 days ago on May 15, 2021, when it reached a high of just above 25 trillion . At that time, at block height 683,424, Bitcoin’s mining difficulty jumped 21.53% making it harder than ever to find a BTC block reward...
Post a Comment
Read more

Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department

According to the investigation, the world's largest crypto exchange pursued growth while dodging regulatory scrutiny. In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume. The authors suggest the existence of a recurring pattern whereby the company’s CEO Changpeng Zhao, while proclaiming its openness to government oversight, ran an organization that systematically denied regulators’ requests for financial and corporate structure information and shirked proper client background checks. The reported findings are based on the accounts of Binance’s former senior employees and advisers, as well as the review of documents such as internal correspondence and confidential messages between several national regulators and the company. According to the document, several high-ranking employees have repeatedly raised concerns of weak Know Your Cu...
Post a Comment
Read more