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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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Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet

A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage. Password Manager Didn’t Store Passphrases Needed to Access His Private Keys According to the testimony published on Reddit, the crypto user known as “Onnar” claimed to have lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays. He wiped the hard disk of his old computer, which he wanted to use only for work-related matters. However, he did not check the password manager he used to store the passphrases needed to access the wallet’s private keys. Onnar detailed that he had already encrypted backups of his private keys on two USB drives stored in separate locations. He then plugged one of the USB drives into the computer to verify that everything was properly st...
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Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months

The average amount of Bitcoin miners are selling continues to decrease gradually. Bitcoin ( BTC ) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com . This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.  "Hashrate is on a tear!" commented popular pseudonymous Bitcoin trader hodlonaut three days ago. "When difficulty readjusts in 3 days, it will crush through 20T for the first time in Bitcoin history." Bitcoin network difficulty reaches 20 trillion  The network difficulty is a relative measure of how hard it is to mine a new block for the Bitcoin blockchain. With the hash rate currently at record levels of around 148 EH/s , the difficulty adjustment, which occurs every 2016 blocks, makes sure that the time between blocks mined remains 10 minutes on average.  Bitcoin network difficulty. Source: Blockchain.com Miners remain bullish Meanwhile, simult...
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Spanish Police Detain Four People Allegedly Involved in a $15M Crypto Ponzi Scheme

The Spanish police detained four people of different nationalities this week for allegedly running a $15 million crypto Ponzi scheme. According to the police, “many victims” filed a complaint against them. Victims Believed Their Bitcoins Went to a Legit Company According to Policia Nacional , the four accused are Argentine, Spanish, and Italian nationals aged between 23 and 36. They persuaded the victims to transfer their bitcoin ( BTC ) to them by promising high returns. The authorities say that around 380 BTC were scammed by the alleged fraudsters, which amount to approximately $15 million at the current BTC price. The victims began to suspect that the four were running a pyramid scheme when they did not deliver on their promises. The scammers did not have a website or a massive platform to attract people, relying mostly on verbal promotion. The fraudsters told their victims that their bitcoin was going to a company, which in fact did not exist. However, the police did not rev...
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New Bitcoin Quest Contest Gives People a Chance to Locate Crypto Seeds Hidden in Pictures

There’s an online-sleuthing contest starting on January 21st called “Bitcoin Quest,” where individuals can leverage their crypto-analytical skills to hunt for mnemonic bitcoin seed phrases hidden in artwork. Winners who drain the artwork’s crypto holdings will be able to win a Bitcoin Quest analyst certificate, 13 prizes worth $150 each, and three Satochip hardware wallets. The teams behind the crypto industry organizations Hotmine, Its Business Baby, School Bitcoin, Satochip, and the Ed Khan Crypto Gallery have started a contest called Bitcoin Quest. The interesting event allows people to find bitcoin seeds hidden in unique artwork. People looking to join the online treasure hunt can check out the rules and guidelines here . So far, there are two Telegram groups people can join the Bitcoin Quest hunt for mnemonic bitcoin seeds in both Russian and English languages. One of the organizers behind the Bitcoin Quest art contest told news.Bitcoin.com, the event will officially begin ...
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Bitcoin price volatility spikes as BTC whales sell each new high

Data suggest Bitcoin’s price drops at each new all-time high are the result of “mega whales” selling into liquidity. Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms. According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the $36,000 area over the next few hours. The dip was quickly bought up, eventually pushing the price above $41,000 in the next 12 hours. However, BTC saw another large drop after setting another all-time high at $42,000, and at the time of writing the top-ranked digital asset is trading at $40,800. According to Material Indicators: “So, it looks like mega-whales started selling after that dump at around 2am UTC, and continued selling on the spikes. My guess is they expected more downside. They did not really participate in the rally back up to 4...
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