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Showing posts from February 9, 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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Game review: Olympic Games Jam Beijing 2022

The International Olympics Committee connects with the Winter Games via blockchain by trading NFT pins and playing a P2E mobile game. Olympic Games Jam: Beijing 2022 is the Winter Olympic's official play-to-earn multiplayer mobile game, created in collaboration between Animoca Brands-owned nWayPlay game studio and the International Olympics Committee. Currently, the app is only available for Android phones on the Google Play store, with no official release date for iOS devices yet. In the Olympian spirit, Cointelegraph played the newly launched game and reviewed the experience. Olympic Games Jam: Beijing 2022 Unveiled! Learn more about the new Play-To-Earn game here: https://t.co/q7dRTFCkmk #NFT #WinterOlympics pic.twitter.com/93rUDpmMj4 — Olympics Games Jam (@OlympicGamesJam) February 3, 2022 The game flow aims to mimic the real-life Olympics: Players compete in real-time with up to 20 other gamers around the world in winter sports mini-games until the top finisher is ch...
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Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion

The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Bailout Only Path Out of Crisis In a bid to tackle its financial crisis, the Lebanese government is reportedly pursuing a plan that will see the country’s local currency being devalued by 93%. In addition, the government plans to convert a significant portion of foreign currency deposits in the banking system into the Lebanese pound. According to a Reuters report , the Lebanese government hopes pursuing this financial plan will enable the country to secure a bailout from the International Monetary Fund (IMF). This bailout is seen as Lebanon’s only path out of a long-running financial crisis. The report on Lebanon’s latest plan to devalue its currency comes nea...
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Price analysis 2/9: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE

BTC price is expected to consolidate in the current $44,000 zone, allowing altcoins to climb higher before Bitcoin makes a more decisive move. Bitcoin ( BTC ) has recovered close to $44,000, indicating that the downtrend could be coming to an end. However, the price may not rally to the all-time high in a straight line. This means bulls are likely to face several hurdles in-between and the price action may remain volatile. JPMorgan analysts said in a recent investor note that Bitcoin’s boom and bust cycles are hindering further institutional adoption. The analysts estimate that with volatility four times that of gold, Bitcoin’s fair value is about $38,000. If the volatility reduces to three times that of gold, their fair value estimate for Bitcoin rises to $50,000. Daily cryptocurrency market performance. Source: Coin360 The Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, in its report titled "Cryptocurrencies — Too...
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Technical Analysis: Flow Moves Higher, as SHIB Climbs 12%

Following a 12% decline yesterday, shiba inu (SHIB) rose by that same percentage today, as bulls once again boarded the rocket ship. This comes as prices of FLOW were also higher during the session. Biggest gainers Price movement in SHIB continues to be volatile, with the meme coin rising by as much as 60% in the last week. However, it was FLOW that secured the title bull of the day, as it rose by as much as 20% in today’s session. FLOW/USD, which was trading at a low of $7.01 on Tuesday, climbed to an intraday high of $8.52 earlier today. This move saw FLOW once again hit its long-term resistance level of $8.25, a level which has been in place for the majority of this year so far. This recent surge led to price strength moving into overbought territory, with a current reading of 65, which is its highest level since August 29. With prices not only overbought but also trading at resistance, today’s rise which currently stands at 17.87%, may be approaching its end. Biggest loser...
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Coinbase forms a second PAC to support crypto-friendly candidates

The exchange registered its first PAC in July 2018 but closed it the next year after having received no funds or making no disbursements. Crypto exchange Coinbase has filed for a political action committee reportedly to support "crypto-forward lawmakers" ahead of the 2022 midterm elections in the United States. According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress. Political action committees, or PACs, are organizations often aimed at raising funds to elect candidates supporting similar causes, implying Coinbase is looking to get behind crypto-friendly candidates ahead of federal and state elections in November. The exchange registered its first PAC in July 2018 but closed it the following yea...
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