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Showing posts from January 31, 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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VanEck launches its first multi-token cryptocurrency fund

The ETN will contain exposure to seven different major cryptocurrencies. On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss exchanges with exposure to Bitcoin ( BTC ), Ethereum ( ETH ), Polkadot ( DOT ), Solana ( SOL ), Tron (TRX), Avalanche ( AVAX ) and Polygon ( MATIC ). Gijs Koning, co-head of VanEck Europe, elaborated on why it was important for the firm to facilitate investment in digital currencies: "In early 2017, we determined that digital assets could provide a store of value alternative to currencies and gold, as well as a host of technology solutions that could bring down costs in the payments and investing industries." While VanEck's cryptocurrency financial products are gaining tract...
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Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar

The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets. As the Department of the Treasury has announced its regulatory agenda for the fiscal year on Jan. 31, many in the Web3 space have likely experienced flashbacks to December 2020, when the agency had first proposed to impose Know Your Customer, or KYC, rules on transactions that involved self-custodied crypto wallets. The Treasury’s semiannual agenda and regulatory plan , a document that is meant to inform the public of the department’s ongoing rulemaking activities and encourages public feedback, features a clause entitled “Requirements for certain transactions involving convertible virtual currency or digital assets.” Ascribed to the Treasury’s Financial Crimes Enforcement Network, or FinCEN, it proposes to require banks and money service businesses to “submit reports, keep records and verify the identity of customers” in relation to transactions with funds held in unhosted wallet...
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US Senator: ‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers

U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained that the legislation would give Treasury Secretary Janet Yellen “dictatorial-level power to prohibit any transactions they deem concerning without due process.” US Lawmakers Raise Alarm About ‘America Competes Act of 2022’ A bill called the “America Competes Act of 2022,” introduced in the House of Representatives last week, has raised much concern in the financial sector, as Bitcoin.com News reported . Among those who have warned about its detrimental effect is the pro-bitcoin U.S. Senator Cynthia Lummis. She explained in a series of tweets last week why this bill is “a direct attack” on the crypto industry. “I wanted to share a few thoughts about House Democrats’ version of the America Competes Act … which is ra...
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Price analysis 1/31: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

BTC and altcoins are attempting to end January on a positive note by overcoming overhead resistance levels as Bitcoin aims to flip $40,000 back to support. Bitcoin ( BTC ) started 2022 on a losing note, dropping about 20% to  its worst performance in January since 2018 when the price plunged 26.61%, according to on-chain analytics resource Coinglass. Now, all eyes turn to February, which has historically favored the bulls. The only two negative closes in February were in 2020 and 2014. One positive sign during the recent price decline has been that the long-term hodlers have not panicked . Glassnode data shows that the number of coins that last moved between five and seven years ago surged to a new all-time high. Daily cryptocurrency market performance. Source: Coin360 El Salvador's President Nayib Bukele projected a “ gigantic price increase ” for Bitcoin. Bukele’s prediction is based on the fact that if the millionaires of the world, who are more than 50 million in numb...
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