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Showing posts from February 2, 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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Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

"Yeah, I could give the money back. It is within my power, but I'm gonna look out for myself and not do that," said Ice Poseidon when confronted in a video interview. On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750 thousand worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin." The ordeal started last July, when Denino created the Cxcoin for streamers and content creators on the Binance Smart Chain. Denino then allegedly promoted the coin to his community of followers, telling them that "don't worry, no rug [pull] here all the money is locked [in a smart contract] lol, my wallets are pinned." However, Denino abandoned the project just two weeks later, saying: "It's pretty simple. Basically, the c...
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Pixel Vault raises $100M for NFT development platform

The developer behind popular NFT projects PUNKS Comic and MetaHero Universe, alongside investors Velvet Sea Ventures and 01A, plan to pioneer Web3 storytelling via new company. Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors invested $100 million into Pixel Vault, a large nonfungible token collection of superheroes, to jointly launch the rebranded multi-franchise nonfungible token (NFT) entertainment company, Pixel Vault Inc.  According to Pixel Vault, the aim of the new venture is to leverage NFTs and intellectual property to tell the stories of crypto-native communities across a variety of mediums, including television, movies and video games. Pixel Vault owns 100% of the IP, assets and operations of PUNKS Comic, MetaHero and all future franchises. Pixel Vault's founder and CEO Sean Gearin, also known as GFunk, launched the company in May 2021. In a statement, he said that at the center of all Pixel Vault projects is community empowerment, de...
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$5 wrench attacks appear to be on the rise in the crypto community

Security expert warns that individuals known to work in crypto are susceptible to becoming targets of extortion-related crimes. Normally, the only way to access one's crypto funds is through their private key, which, thanks to advances in cryptography, would take nothing less than an advanced futuristic quantum computer to decipher. That said, mafias and gangs have managed to think outside the box. Instead of wasting their efforts on breaking the underlying cryptography, they've turned their attention to targeting crypto owners, themselves. A $5 wrench attack is when someone finds out you have a lot of crypto and physically attacks or threatens you for your private keys. On Wednesday, at least eight men, including a police officer, were arrested in the city of Pimpri-Chinchwad , India, for allegedly kidnapping a crypto trader and demanding ransom. The arrested officer, Constable Dilip Tukaram Khandare, reportedly learned of the trader's 300 crore rupee ($40.13 million)...
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Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government

Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by Russians Russian citizens own cryptocurrencies worth over 16.5 trillion rubles (around $215 billion), according to an estimate referred to by authorities in Moscow, Bloomberg reported. The figure has surfaced as government institutions are trying to adopt a comprehensive policy to determine the future of the decentralized digital assets in Russia. Regulators have scrambled to put the country’s growing crypto space in order following a call by President Vladimir Putin for a consensus on the matter. It was issued after Bank of Russia proposed a blanket ban on crypto-related activities, an idea which has been rejected by a number of officials as coun...
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Price analysis 2/2: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin and altcoins took an unexpected dip today, signalling that even with $40,000 in sight, the overall sentiment remains negative. Bitcoin ( BTC ) rose above $39,000 on Feb. 1 but the sharp fall in the shares of PayPal may have resulted in aggressive selling by the short-term traders. However, in the long-term, large investors seem to be viewing the decline as a buying opportunity. On-chain monitoring resource Whalemap said that whales holding between 100 to 10,000 BTC  have accumulated during the recent decline . Fidelity recently released a paper dubbed “Bitcoin First” which highlights that Bitcoin is the most “secure, decentralized form of asset” and is unlikely to be overtaken by any of the altcoins “as a monetary good.” The report said that Bitcoin combines “the scarcity and durability of gold with the ease of use, storage and transportability of fiat.” Daily cryptocurrency market performance. Source: Coin360 Irrespective of Bitcoin’s volatility, its transactio...
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Technical Analysis: Quant Climbs 20%, as Loopring Selloff Extends

After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding themselves in a red wave. Quant managed to evade the wave, climbing by as much as 20% during the session. Biggest gainers Following yesterday’s strong gains, the global cryptocurrency marketplace was trading over 6% lower on Wednesday, however, there were some notable exceptions. Quant was one of these exceptions and was easily one of the biggest movers in the crypto top 100 during today’s session. QNT/USD hit an intraday high of $119.91 on Wednesday, after trading at a low of $97.60 the day prior. Today’s rally sees QNT extend its gains for the third consecutive day, and now is on the brink of breaking into the 0.236 Fibonacci zone. This run began after QNT/USD rose from its support of $89 on Monday, after falling to its lowest level in over 1-year towards the end of last month. There is a visible RSI resistance currently in place, some still remain confident that we...
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Cryptocurrencies are the “new frontier” says financial researcher

Optimism around the long-term adoption of digital assets remains high despite quantitate volatility in recent weeks. In an exclusive television interview with Fox Business on Wednesday, JMP Securities Director of Financial Technology Research, Devin Ryan spoke candidly on a range of topics within the cryptocurrency industry. This included the macroscopic regulation amid the impending expectations of a White House policy framework, U.S states accepting Bitcoin as legal tender, as well as the vast potential for consumer adoption in the coming year. Cryptocurrency assets have experienced significant volatility over the past month, with leading asset Bitcoin falling almost 44% from all-time highs and Ethereum recording a similar demise. Despite price drawbacks, capital investment, consumer adoption, community optimism and corporate valuations for the digital asset space has never been higher, the latter epitomised by recent multi-billion-dollar valuations for Animoca Brands , Firebloc...
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