Skip to main content

Posts

Showing posts from February 4, 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

Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4

Wonderland endured a turbulent week of revelations and risks closure, Wormhole was hacked for the second-highest ever DeFi sum, and the Ethereum hash rate hits a new high — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days.  This article represents a conspectus of the full email newsletter. For the full edition, sign up via the box below. Wonderland lost in no mans amid Sifu saga Following the revelatory identification of previously anonymous QuadrigaCX co-founder Michael Patryn as the founder of DeFi protocol Wonderland — known on social media as @0xSifu — a subsequent community vote decided upon the permanent closure of Wonderland for outstanding security concerns. The saga commenced when DeFi investigator Zachxbt doxx...
Post a Comment
Read more

Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging British citizens not to ask for pay raises, Bailey replied: “Broadly, yes.” BOE Raises Rates for the Second Time Since the Start of the Covid-19 Pandemic, British Central Bank Governor Says ‘We Need to See Restraint in Pay Bargaining’ The Bank of England has raised the benchmark interest rate again after raising the rate back in December. BOE was the first major central bank to raise rates after the pandemic and on Thursday, the rate was bumped again from 0.25% to 0.5%. The British central bank’s move follows hawkish statements stemming from the U.S. Federal Reserve when it said it would raise rates “soon.” Fed chairman Jerome Powell signaled that the ...
Post a Comment
Read more

Profitability makes crypto mining more expensive in Argentina

The government says that mining “presents challenges to the infrastructure of the concession area to which they are connected.” China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina . However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego. Argentina’s Energy Secretary of the Ministry of Economy published and announced resolution 40/2022, eliminating the energy government subsidies for crypto mining energy usage. The new rates make mining in the country up to four times more expensive than it used to be. According to the resolution, the hourly and seasonal energy used by miners is intense and constant. Because of this, crypto mining “presents challenges to the infrastructure of the concession area to which they are connected.” The resolution adds that because the activity is profitable and payment is available, crypto miner...
Post a Comment
Read more

Price analysis 2/4: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

BTC and altcoins broke above their overhead resistance levels, but the actions of traders will determine whether bulls are back in control. Bitcoin ( BTC ) and Ether ( ETH ) are attempting to build upon their recent recovery as the U.S. equity markets try to resume their relief rally, backed by strong results by Amazon. Bollinger Bands creator John Bollinger recently tweeted that Ether looked to be in a good spot to be added to his existing long positions. The Purpose Bitcoin exchange-traded fund also witnessed its third-largest inflow on Feb. 1 , according to Glassnode data. This suggests that traders may have started accumulating Bitcoin at lower levels. Daily cryptocurrency market performance. Source: Coin360 Even though crypto markets are reeling under a bear phase, investor interest remains strong. Popular social media platform Stocktwits said that it has partnered with FTX.US to launch its crypto trading next quarter . The platform boasts five million monthly active user...
Post a Comment
Read more

Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday Rally

Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none of these were today’s big mover. That honor went to UNUS SED LEO, which rose by a whopping 30% on Friday, and nearly 55% over the course of the last 7-days. LEO/USD, rose to an intraday high of $5.48, following its low of $4.02 during yesterday’s session. Today’s news comes as LEO broke past its recent resistance level of £$3.88 earlier this week, before falling in Thursday’s red wave. The move came as the moving averages of 10-days (red) and 25-days (blue) had an upward crossover for the first time since December 29. In addition to this, the RSI now tracks at 81, which is deep in overbought territory, which may giveaway to pr...
Post a Comment
Read more

US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events. According to a Friday report from Reuters, Pennsylvania Senator Pat Toomey sent a letter to Secretary of State Antony Blinken and Treasury Secretary Janet Yellen on Thursday expressing concern that the Chinese government could use the games to promote greater adoption of its central bank digital currency (CBDC), the digital yuan. The country has been conducting trials of the CBDC since April 2020, later announcing foreign athletes and visitors would have the opportunity to use it during their time at the Olympic Games. Toomey claimed that the digital yuan rollout among an international crowd could help to set a standard in cros...
Post a Comment
Read more