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Showing posts from January 28, 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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Crypto.com Inks Multi-Year Deal With LeBron James and His Education-Focused Nonprofit

On Friday, the digital currency exchange Crypto.com announced the company has inked a multi-year partnership with LeBron James and the LeBron James Family Foundation (LJFF). The crypto trading platform notes that the partnership will bolster things like “educational empowerment,” providing access to tools that help build “Web3, and the future of the internet.” LeBron James: ‘Blockchain Technology Is Revolutionizing the World’ A number of digital asset firms have been working closely with celebrities and famous athletes in order to raise brand awareness. Crypto.com has been one of those companies as it has worked with the actor Matt Damon , it recently partnered with LA’s Angel City Football Club , and the exchange acquired the naming rights to the Los Angeles Lakers’ Staples Center and renamed it to Crypto.com Arena. On January 28, the digital currency firm revealed it has signed a multi-year with the basketball star LeBron James and his charitable organization the LeBron James F...
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Terra (LUNA) at risk of 50% drop if bearish head-and-shoulders pattern plays out

LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support. Terra ( LUNA ) may fall to nearly $25 per token in the coming weeks as a head-and-shoulders (H&S) setup develops, indicating a 50% price drop, according to technical analysis shared by CRYPTOPIKK. H&S patterns appear when the price forms three peaks in a row, with the middle peak (called the "head") higher than the other two (left and right shoulders). All three peaks come to a top at a common price floor called the "neckline." Traders typically look to open a short position when the price breaks below the H&S neckline. However, some employ a "two-day" rule where they wait for the second breakout confirmation when the price retests the neckline from the downside as resistance, before entering a short position. Meanwhile, the ideal short target for traders comes out to be at length equ...
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Fidelity seeks approval for 2 more crypto-metaverse ETFs

The funds will track Fidelity proprietary Crypto Industry and Digital Payments and Metaverse indices. Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission's, or SEC's,  rejection of its Wise Origin Bitcoin Trust spot exchange-traded fund (ETF) on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are for the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF, respectively. In rejecting the Wise Origin Bitcoin ETF, the SEC cited the exchange listing the ETF, the Cboe BZX, for not having a proper "surveillance-sharing agreement with markets trading" to prevent fraud and protect investor interests. However, neither of the two new ETF applications will have any exposure to digital assets. Instead, they seek to gain exposure to stocks of cryptocurrency and metaverse companies operating in the space. Additionally, ...
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Whale Watch: A Deep Dive Into the Concentrations of Large Crypto Holders

Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, have been able to accumulate vast quantities of coins. Moreover, a few crypto projects have also seen whales accumulate a majority of a token’s circulating supply via the initial distribution process. The Top 8 Crypto Assets by Concentration of Large Holders The subject of whales is a popular one in the world of cryptocurrencies, as the entities have always been a force to be reckoned with. Whales are large crypto asset holders who own more tokens than the average person, and they are called whales because their giant holdings can move markets, much like whales in the ocean that can shake up boats and cause massive waves. After more than a decade of people laun...
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Ubisoft executive responds to the backlash over new NFT platform

Players took offense to the suggestion that gamers may not yet fully understand the benefits of NFTs. Nicolas Pouard, vice president at Ubisoft's Strategic Innovations Lab, commented  on the negative gamer feedback that Ubisoft received after introducing Quartz and Digits , in an interview with Finder. "It's a reaction we are accustomed to. I think it's great because it shows how engaged our players are and how passionate they are about their hobby and gaming in general. And looking at that, I think it's reassuring."  In the interview, Pouard goes on to clarify that Quartz and Digits are a "matter of personal choice" for players who "at no point" will be forced to use them. In Pouard's explanation of Ubisoft's motivations, however, some readers clung on to one phrase he said: "I think gamers don't get what a digital secondary market can bring to them." The idea that players may not "get it for now" was n...
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Technical Analysis: Terra Luna Drops 20%, While Symbol Token Climbs on Friday

Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos ( ATOM ) also had a double-digit decline. Biggest gainers Although crypto markets were mainly trading in the red, symbol (XYM) was one of the rare exceptions to climb higher today. XYM rose to an intraday high of $0.1728 during Friday’s session, rising from an earlier low of $0.155. This move started when the symbol surged from its support at $0.146, an area where it has been trading around for the majority of the week. As of writing, XYM was trading over 7% higher, with price action continuing to gain strength, after a recent breakout from a key RSI resistance point. The 14-day RSI indicator is currently tracking at 44, following its surge from the 35 level, which was a historical point of price uncertainty. Traders will likely now wait to see if symbol could reach resistance of $0.189. Biggest losers Another day, and cosmos (ATOM) ...
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