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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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DMEX Integrates xDAI for Cheap Decentralized Perpetual Contracts With up to 100x Leverage and No KYC

PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI. This change allows users to place orders as small as 100$ which was impossible until now, with minimum order requirements growing up to 200k$ during gas price spikes on Ethereum. The new structure allows for a flat minimum order value of 100$ independent of Ethereum gas prices. How does it work? The custody smart-contract remains on the Ethereum blockchain, therefore the same margin currencies are used for trading ( ETH , BTC or DAI), while the smart contract responsible for trade processing and recording is hosted on the xDAI sidechain. Whenever a user deposits funds to DMEX, the custody contract (on Ethereum) communicates with the trading contract (on xDAI) through a decentralized bridg...
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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok Post , the financial watchdog gave the exchange five days, starting January 20, to solve all the technical issues. Mainly, their desktop trading platform suffered three outages since January 2. The other incidents happened on January 3 and 16, said the local media outlet. One of the reasons behind the rising number of outages is the spike in crypto prices, specifically in bitcoin ( BTC ). In consequence, Bitkub couldn’t handle trading volumes, stated a source quoted by Bangkok Post. However, after being inactive for 16 hours since the SEC’s order to temporarily shut down, Bitkub re-opened its mobile application platform for tradin...
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Brazil’s top exchange announces international expansion after raising $38M

Leading Brazilian exchange Mercado Bitcoin has announced a regional expansion, naming Chile, Mexico, and Argentina as likely destinations. Brazil’s largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America. Chief executive Reinaldo Rabelo named Chile, Mexico, and Argentina as among the jurisdictions it will expand into first, comparing the “regulatory culture” in those countries to Brazil’s. According to Useful Tulips , Mexico is currently the fourth-largest Latin American country by peer-to-peer Bitcoin trade volume, with Chile ranking fifth, and Argentina ranking seventh. The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms. The announcement comes alongside news of an investment round that saw Mercado Bitcoin raise nearly $38 million from venture capital firms including Parallax Ventures, Evora Fund, and Banco Plural. Mercado Bitcoin will use some of the funds to inv...
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Clever Aave to Matic bridge keeps track of yields

A new type of cross-chain bridge has been invented which integrates the interest-yielding properties of DeFi with second layer solutions for Ethereum. The first Aave-friendly Ethereum to Matic bridge has opened for business, allowing users to port Aave’s interest-bearing aTokens back and forth between the DeFi protocol and the faster, cheaper layer-two network. The smart contract for the bridge was developed by Nick Mudge, Lead Solidity Developer of Aavegotchi. It differs from previous Ethereum to layer-two bridges as it interacts with the Aave protocol to keep track of interest being paid on aTokens locked up on the Ethereum side of the bridge. According to Mudge, the bridge’s smart contract converts user’s Aave aTokens — such as aUSDC, for example — to maTokens, which are then made available to the user on the Matic Network. When maTokens are converted back to aTokens, the user receives the original amount of tokens sent through the bridge plus interest accrued during the time ...
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Clever Aave to Matic bridge keeps track of yields

A new type of cross-chain bridge has been invented which integrates the interest-yielding properties of DeFi with second layer solutions for Ethereum. The first Aave-friendly Ethereum to Matic bridge has opened for business, allowing users to port Aave’s interest-bearing aTokens back and forth between the DeFi protocol and the faster, cheaper layer-two network. The bridge was developed and launched by Nick Mudge, Lead Solidity Developer of Aavegotchi. It differs from previous Ethereum to layer-two bridges as it interacts with the Aave protocol to keep track of interest being paid on aTokens locked up on the Ethereum side of the bridge. According to Mudge, the bridge’s smart contract converts user’s Aave aTokens — such as aUSDC, for example — to maTokens, which are then made available to the user on the Matic Network. When maTokens are converted back to aTokens, the user receives the original amount of tokens sent through the bridge plus interest accrued during the time they were ...
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Is Grayscale is about to unveil a LINK Trust?

Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed.  According to the State of Delaware’s Division of Corporations , someone set up a Grayscale Chainlink Trust on December 18, 2020. On the same day, a Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also initiated. Before these communities get too excited, Grayscale Investments is yet to officially confirm it is behind the filings. Some reports have cast doubt on their legitimacy as the registered agent for the Trusts is listed as 'Delaware Trust Company' and not Grayscale. However the Delaware Trust Company is listed on the Grayscale website as one of its official Service Providers and the same details were used for the Grayscale Bitcoin Trust...
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Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

Justin Roiland, the co-creator of the Adult Swim cartoon series Rick and Morty has joined the growing trend of celebrity artists creating non-fungible token (NFT) artwork. After the animator released the collection called “The Best I Could Do” on the NFT auction house Nifty Gateway, the artwork sold for over $1 million in ether. Justin Roiland is well known for co-creating the animated television show Rick and Morty alongside his producing and voice-acting abilities. Just recently, Roiland, who also maintains an animation studio and video game studio decided to sell a collection of artwork backed by blockchain technology. On January 18, on the non-fungible token (NFT) auction house Nifty Gateway, Roiland raised over a million dollars in ethereum (ETH) for his artwork. The collection is called “The Best I Could Do” and Roiland tweeted about his NFT collection as well. “The best I could do,” the Rick and Morty animator told his 760,000 Twitter followers. “Testing the boundaries ...
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