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Showing posts from February 8, 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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Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support

Bulls seek to flip $44,000 to support and analysts forecast further upside for BTC, calling the asset “the Amazon of our time.” Hope for the possibility of another significant rally in the cryptocurrency market has returned, even though Bitcoin ( BTC ) rejected at $45,500 . Currently, bulls are looking to shore up their defense at the $43,000 support level.  Data from Cointelegraph Markets Pro and TradingView shows that after making a run to a weekly high at $45,500 early on Feb. 8, bears managed to drop the price of BTC to $42,900 during afternoon trading as investors realized profits and prepare to place bids around $38,000. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what analysts are saying sparked the rally in BTC price over the past week and what levels to keep an eye on moving forward. Legitimate breakout or a short squeeze? The sudden move higher caught many traders off guard as headlines across the crypto space were predicting the onset of an...
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US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in ‘Largest Crypto Seizure to Date’ — 2 People Arrested

The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with the hack and stolen cryptocurrency. Bitfinex Hack’s Stolen Bitcoins Seized, 2 People Arrested The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. According to the announcement, this is the DOJ’s “largest cryptocurrency seizure to date, valued at more than $3.6 billion” at the time of the seizure. At the time of writing, the value of the BTC seized is more than $4 billion. The Department of Justice wrote: Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. In addition, two people — Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31...
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PayPal establishes advisory council for crypto and blockchain

Jose Fernandez da Ponte said it's crucial to engage with world leaders to understand industry's opportunities and challenges. Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain and digital currencies.  In a Tuesday announcement, PayPal said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help to support its current and future products as well as its goal of creating a more inclusive digital financial ecosystem. Fortress Investment Group co-CEO Peter Briger, Georgetown University Law Center professor Chris Brummer, Weizmann Institute of Science professor Shafi Goldwasser, former Commodity Futures Trading Commission chair Timothy Massad, MIT Sloan School of Management finance professor Antoinette Schoar, and MIT Digital Currency Initiative director Neha Narula will be joining the PayPal initiative. “We believe it is crucial to engage with the world’s b...
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Technical Analysis: LEO up 60% Today, SHIB Falls Lower Following Monday’s Gains

Shiba inu’s (SHIB) 50% rise on Tuesday, seems to have inspired LEO bulls, who moved to push prices up by 61% in today’s session. The move comes as crypto markets consolidated yesterday’s gains. Biggest gainers Monday’s biggest loser, was Tuesday’s biggest gainer, as UNUS SED LEO was up by as much as 61% as of writing. LEO/USD rose to an intraday high of $8.04 during today’s session, after trading at a low of $4.82 to start the week. The move comes following a breakout of the $5.40 resistance level, which was formed last Friday, and in place up until today. As a result of the rally, the 14-day RSI surged to a high of 81, which was a level that was also captured on Friday, following another sizeable price swing. However, as seen from the last time the RSI tracked at this level, bears swiftly re-entered, as prices appear to be overbought. There has already been some profit-taking from today’s swing, as early entrants look to avoid falling victim to a reversal similar to last week’...
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DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack

"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco. Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex exchange. In a Tuesday announcement, the U.S. Department of Justice said it had ordered the arrest of Ilya Lichtenstein and his wife Heather Morgan for allegedly conspiring to launder crypto connected to the 2016 Bitfinex hack. The 119,756 Bitcoin ( BTC ) — worth $72 million at the time hackers breached security at the exchange in August 2016 — is now valued at more than $5.1 billion. Since the 2016 hack, individuals connected to the stolen coins have periodically moved small amounts of BTC  in separate transactions, leaving the bulk of the funds untouched. The DoJ reported that it had traced 25,000 BTC of these transferred funds to financial accounts controlled by Lich...
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