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

Bitcoin price hits $60K after bulls push through a key resistance cluster

Bitcoin price finally pushed through a tough resistance cluster to secure a new all-time high at $60,000. Bitcoin ( BTC ) hit $60,000 for the first time on March 13 as the long-awaited continuation of the BTC price bull run got underway. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC records another landmark price level Data from Cointelegraph Markets and Tradingview  tracked BTC/USD as the pair finally crossed the historic level after several weeks of mild corrections and periods of consolidation. Bulls had spent a considerable time in limbo as Bitcoin tested prior all-time highs at $58,350 repeatedly , with a significant resistance zone beneath slowing progress. In the end, however, optimism won out, and the largest cryptocurrency by market capitalization clinched its latest milestone. At press time, price action focused on an area just below $60,000 amid characteristic volatility. As Bitcoin price inched its way closer to the previous all-time high, a...
Post a Comment
Read more

Cryptocurrency Markets Catch Fresh Momentum, BTC Price Taps Psychological $60K Handle

The price of bitcoin cracked a new all-time high on Saturday morning reaching $60,120 per unit at around 6:25 a.m. (ET). Bitcoin now has a 1.12 trillion-dollar market valuation and a dominance level of around 61.9% while ethereum now commands close to 12% of the $1.70 trillion capitalization of all 8,792 digital assets in the crypto economy. The price of bitcoin ( BTC ) has once again captured a new lifetime price high reaching $60,120 per BTC on Sunday, March 13, 2021. During the last 24 hours, BTC has gained 6.9% and over 23% during the last seven days. At press time BTC has around $27 billion in global trade volume. The price of bitcoin ( BTC ) touched an all-time high at $60,120 per unit. Statistics show that bitcoin ( BTC ) has gained 212% during the last three months and 975.83% against the U.S. dollar during the course of 12 months. One-month percentage stats show BTC is up over 24% on Sunday. On Thursday, tether ( USDT ) is BTC ’s biggest trading pair capturing 50...
Post a Comment
Read more

The Bitcoin boom: The future of the company balance sheet

Adding Bitcoin and other cryptocurrencies to a company’s balance sheet is essential because the future with crypto is already here. Bitcoin has seen unparalleled growth in early 2021, reaching highs of over $58,000 , almost triple its peak of the 2017–2018 boom. We are entering an era where institutions are starting to turn to Bitcoin ( BTC ), as many countries worldwide have been printing unprecedented amounts of money to service mounting debt. And to make matters worse, they are also facing the risk of unmanageable inflation. This perfect storm of macro conditions means institutions like pension funds, hedge funds, as well as high-net-worth individuals with trillions of dollars in combined value are starting to pay attention and learn about Bitcoin for the first time. Unlike the 2017 bull run, this current run is driven less by hype and more by Bitcoin being accepted in the traditional financial world as a scarce asset class. Enterprise and institutional adoption of crypto assets ...
Post a Comment
Read more

Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation

A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” Gold Less Reliable Across Most Investment Horizons While Koesterich is still cognizant of gold’s status as a “reasonable store of value over the very long-term,” he does however opine that “it is less reliable across most investment horizons.” Already, Koesterich’s firm, Blackrock, which has assets under management worth almost $9 trillion, appears to have acted on this new knowledge. As reported by Bitcoin.com News, Blackrock has started to invest in BTC . Still, as one report notes, gold has for years been viewed as that part of a multi-asset portfolio “that can help to balance out shifts in other holdings, especially equities.” Ye...
Post a Comment
Read more

What does it mean to be bullish or bearish in crypto?

Bullish and bearish outlooks on the crypto market can depend on the person holding the view. When talking about markets, both mainstream and crypto, “bullish” and “bearish” often come up in headlines and conversation, although such usage typically depends on financial knowledge and experience. What do the two terms mean? Bullish and bearish refer to market sentiment, seen collectively or expressed by an individual. If someone is bullish, it means they expect an asset or asset class to rise in price. Conversely, bearish refers to negative price expectations. Someone holding a bullish lean is sometimes called a “bull,” or “bulls” if a group or faction of the market is bullish. Therefore, “bears” anticipate falling asset values. Why use bulls and bears as the animals of choice for such terminology? The answer possibly lies in the way the two animals attack their prey. Bulls attack in an upward fashion, driving their horns up through their target. Bears, on the other hand, start high a...
Post a Comment
Read more

The use of blockchain tech should be more environmentally friendly

Stakeholders and developers must consider the impact of blockchain designs on climate change to make it more sustainable. It is no longer news that the United States has restated its commitment toward lowering carbon emissions and taking an active part in the quest to normalize environmentally friendly measures on the global scene. This drastic shift in policymaking will spur the introduction and establishment of more stringent approaches to climate change. Undoubtedly, the reentering of the United States in the climate change conversation is indicative of the seriousness of this crisis and the drastic decisions countries would likely make to meet the environmental goals set in Paris, known as the Paris Agreement . At the heart of this political and economic restructuring is the growing impact of innovative technologies in the pursuit of a sustainable environment. You would expect that innovations should contribute positively to this movement. It is futile to invest trillions of do...
Post a Comment
Read more

Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K

Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine. Sentenced Man Didn’t Disclose His BTC Trading Activity of the Period 2017-2018 According to Chunichi , a judge at the Kanazawa District Court imposed a fine of over 22 million yen ($200,000) and gave a one-year-long sentence to Hideji Matsuda, an office worker in Ishikawa, for violating the Income Tax Law. The judge concluded that the man didn’t file accurate tax declarations knowingly on his bitcoin (BTC) trading activity. Per court documents, Matsuda didn’t declare the period 2017-2018. Moreover, the court stated that the office worker falsified data on his tax submissions because he claimed to had just earned 1.2 million yen ($11,000) in profits. In reality, he received a total income of 74 million yen ($678,000) and he didn’t pay any tax whatsoever. When hi...
Post a Comment
Read more