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Showing posts from February 1, 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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Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
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NYDIG offering allows participating companies to pay employees in Bitcoin

Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees. The New York Digital Investment Group, or NYDIG, has launched a benefit program allowing employees of participating companies to convert a portion of their paychecks into Bitcoin. In a Tuesday announcement, the NYDIG said several firms involved with sports, entertainment and digital currencies would be among the first to offer the crypto payments, including Everbowl, MVB Bank, StretchZone, crypto analytics firm The TIE, crypto mining firm Iris Energy and Fertitta Entertainment — the conglomerate behind restaurant giant Landry's and the National Basketball Association’s Houston Rockets. Company employees who participate in NYDIG’s Bitcoin Savings Plan can choose how much of their pay will be converted into Bitcoin ( BTC ), with no transaction or cold storage fees. NYDIG chief innovation officer Patrick Sells sai...
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First cross-chain governance proposal passes on Aave

"It's a major step forward in multi-chain governance systems," said the team at Aave. On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave ( AAVE ).  According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the Ethereum ( ETH ) network, was sent to the Polygon ( MATIC ) FxPortal. The mechanism then read the Ethereum data and passed it for validation on the Polygon network.  Afterward, the Aave cross-chain governance bridge contract received this data, decoded it and queued the action, pending a timelock for finalization. The development team wrote: The Aave cross-chain governance bridge is built in a generic way to be easily adapted to operate with any chain that supports the EVM [Ethereum Virtual Machine] and cross-chain messaging. 1/ The first cross-chain governance proposal ...
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$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address

$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with law enforcement agencies” in regard to the matter. More Than 79% of the 2016 Stolen Bitfinex Bitcoin Moves Into 1 Address On February 1, 2022, stolen Bitfinex bitcoins were transferred to a wallet and after 23 transactions the wallet held approximately 94,643.29 BTC . The misappropriated stash of BTC , at the time of writing, is worth over $3.6 billion using today’s BTC exchange rates. The wallet address and the 94,643 BTC movement was caught by the blockchain parser Btcparser.com . The first transaction of 1 BTC took place at 4:14 a.m. Tuesday, Coordinated Universal Time (UTC) and the last transfer of 0.00001297 BTC took place at 9:33 a.m. UTC. The 23 transactions were split into various frac...
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ConsenSys acquires MyCrypto to 'improve the security' of its products

MyCrypto and MetaMask will be combining technology and teams to build the ideal wallet. The terms of the deal were not disclosed. ConsenSys announced Tuesday that it had acquired MyCrypto, the Ethereum wallet interface provider, adding it to the software company's product suite. Its intent is to merge MyCrypto with the ConsenSys-owned MetaMask wallet, to "improve the security of all the products and create a cohesive user experience across desktop, mobile, extension and browser wallets." We are very excited to bring the @MyCrypto team to @MetaMask ! The two teams have been friends and Ethereum colleagues with shared values since 2016. Together we will continue to build increasingly user-centric, extensible, and decentralized products. https://t.co/A7y8pkrg7f — Joseph Lubin (@ethereumJoseph) February 1, 2022 MetaMask currently has 21 million monthly active users, according to its website, and is one of the fastest-growing non-custodial Ethereum wallets and brows...
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Technical Analysis: Solana Surges 15%, as Loopring Price Declines

Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January’s red wave. Biggest gainers Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month. One of these was solana (SOL), which, as of writing is up 14.04%, hitting an intraday high of $108.32 in the process. This move comes as SOL/USD broke out of its resistance level of $100 for the first time since January 22nd. SOL/USD has mainly been consolidating in recent weeks, however, it picked up momentum yesterday after it rose from its floor of $90.49. As a result of this run, the 14-day RSI rose above resistance of 42 for the first time since January 4th, with price strength now tracking at 44.07. Should price strength continue to surge, SOL bulls may target the higher resistance of $120. Biggest losers Uniswap, flow and helium were some of t...
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