Skip to main content

Posts

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

The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme

The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to pay $27 million in restitution plus a civil penalty of $81 million. Additionally, the CFTC wants a default judgment issued against Ackerman after he failed to turn up for the initial motion hearing. The initial motion filing, which the agency filed together with the U.S. Securities and Exchange Commission (SEC), followed allegations that Ackerman had disappeared after raising funds from investors. According to a report that summarises the case, Ackerman, a former stockbroker, allegedly raised around $33 million from over 150 investors. Ackerman successfully convinced the investors that he would invest a significant part of their funds in the crypto market. The report adds that Ackerman also cl...
Post a Comment
Read more

Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a stimulus check for $1,200 during the last program, and then $600 per person during the most recent stimulus plan. Reports say U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief. Trillions of U.S. dollars have already been issued for Covid-19, and it is estimated that a quarter of all the USD in existence was minted in 2020. Now reports indicate that U.S...
Post a Comment
Read more

Mad Money’s Jim Cramer Advises How to Invest in Bitcoin, When to Sell

Mad Money host Jim Cramer has some advice on how to invest in bitcoin and when is a good time to sell. He said, “I’m a bitcoin believer,” outlining the reasons why he is sold on the cryptocurrency and why people are buying bitcoin instead of gold. Jim Cramer’s Advice on Investing in Bitcoin Jim Cramer, the host of Mad Money on CNBC, gave some advice on investing in bitcoin on Wednesday. The former hedge fund manager is also the co-founder of Thestreet.com, a financial news and literacy website. “People don’t believe in fiat currency anymore,” Cramer began. “People believe that the United States is printing money … But bitcoin is not printing bitcoin. So that’s more valuable in the same way that gold is hard to find. And gold is growing, we find, about 1% more than we had the year before, that’s all … so it has to do with scarcity.” Emphasizing that “There’s no scarcity of dollars” while “There’s some scarcity of gold,” he contrasted: There’s total scarcity of bitcoin. When you h...
Post a Comment
Read more

Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives

The DeFi sector is booming again and the need for fast, scalable, Ethereum alternatives has sent Solana (SOL) trading volume to record-highs. 2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin ( BTC ) and Ether ( ETH ) shoot to new all-time highs on an almost daily basis.  While new price highs are positive for investors, they do present a range of challenges relating to fees, transaction speeds and the centralization of what is meant to be a decentralized ecosystem. Since mid-2020  institutional investors have been steadily flooding into cryptocurrency  and this is exacerbating the issue of scalability, high transaction costs and lengthy confirmation times on the Bitcoin and Ethereum blockchain. Eth2 is steadily rolling out , but it could still be some time before users will benefit from its host of new features. This leaves the door open for other viable candidates to fill the void and a handful of layer 2 projects are gain...
Post a Comment
Read more

Crypto user recovers long-lost private keys to access $4M in Bitcoin

Even with their newfound fortune, the lucky student said they will avoid “expensive luxuries” like a new car or house. A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin. According to a throwaway account from BitcoinHolderThankU, the Reddit user was able to cash out roughly $4.2 million in Bitcoin ( BTC ) after finding the lost keys to 127 BTC on Dec. 22, when the price of the crypto asset was in the $23,000s. They later liquidated the coins in the middle of the bull run. “I spent the next week figuring out how to safely and securely liquidate such a large amount of Bitcoin for the cheapest price possible,” said the Redditor. “I went back and forth between different [over-the-counter principal desks] and ultimately ended up selling all 127 Bitcoins for a price of $33,439.02 per coin minus a 0.15% fee. The net was roughly $4.24 million.” They claim to have earned Bitcoin in 2011 or 2012 ...
Post a Comment
Read more

‘Wen $DIGG?’ Badger DAO preps for hotly anticipated synthetic BTC launch

Badger DAO founder Chris Spadafora on bringing a long-awaited product to market and building for the future The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see DIGG hit the market might not be a trader, but instead Badger DAO founder Chris Spadafora himself.  According to community-minded Spadafora — who would be quick to note that he doesn’t care for the “founder” label despite its technical truth — anticipation for the launch has led to more than one ‘badgering’ inquiry directed at him on Twitter. “You’ve probably seen it… ‘When $DIGG, when $DIGG’ — it’s constant,” Spadafora sighed. For all the excitement, however, the exact date of the launch is still unknown. In an interview with Cointelegraph Tuesday, Jan. 5, Spadafora said DIGG was set for release “within a few days.” However, on a Friday community call, he pushed...
Post a Comment
Read more