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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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Bancor releases no-liquidation lending with Vortex as AMMs continue diversification

Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token. Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools. Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees. The Vortex mechanism reworks the existing mechanism of vBNT, a special version of the BNT token that entitles users to participate in governance. The voting token is automatically received when staking BNT into a liquidity pool, and it can be defined as Bancor’s pool token. The Vortex proposal adds functionality to vBNT, creating an infrastructure that allows users to sell the token for the original BNT. Once vBNT is converted, users can exchange it into any other asset. The vBNT sale mechanism makes Vortex a no-liquidation lending platform, letting liquidity providers...
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No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption

“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin's environmental concerns continue to rage. Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin ( BTC ) mined in China. The investor declared that he would only deal with “clean coin” — coins mined using renewable energy — from now on, and suggested other institutions were starting to do the same. O’Leary took aim at the free-wheeling nature of Bitcoin production by pointing out that most other products in the world are manufactured according to institutional and regulatory compliance standards. O’Leary said, during an interview with CNBC: “We have compliance on large institutions, we have covenants on how assets are made, whether carbon is burned, whether there are human rights involved, whether it's made in China.” Every example listed by O’Leary is one that applies to the world’s largest Bitcoin min...
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Crypto industry got more funding in Q1 2021 than all of last year: report

Three companies in the crypto and blockchain industry have already raised $1.1 billion this year. Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report. In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total of $2.6 billion in funding, Bloomberg reports , citing data from business analytics firm CB Insights. Over the course of 2020, crypto and blockchain firms attracted a total of $2.3 billion in 341 deals. According to the data, 2018 is the record year in terms of funding secured in the crypto industry, with total funding amounting to $3.3 billion. Venture-capital funding in blockchain startups. Source: Bloomberg-CB Insights According to CB Insights, the increased funding in 2021 was driven by several big rounds for firms including American crypto lending startup BlockFi, Canadian blockchain-based game maker Dapper Labs, and United Kingdo...
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Renowned stock picker believes Bitcoin will eclipse gold’s $10T market cap

It seems $600,000 a coin is the minimum target for analysts over at Ark Invest, who believe Bitcoin will match and then surpass the market capitalization of gold. Ark Invest believes Bitcoin’s ( BTC ) market capitalization will one day “comfortably eclipse” that of gold, and exceed $10 trillion, reports the London Times. Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is set to rise tenfold in the coming years, as it moves from being a fringe asset to a mainstream financial tool. The value of Bitcoin doubled since January 2021 alone, compounding 500% gains made throughout 2020. As is normally the case, Bitcoin’s rising tide lifted all of the boats in the wider cryptocurrency marina, sending many to new all-time highs in the process. With the global market cap now worth just under $2 trillion, the climb to the $10 trillion mark doesn’t seem too far away. Yassine Elmandjra, a crypto asset analyst at Ark, believes Bitcoin has the po...
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Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation

Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action. In the waters off Hong Kong International Authorities on April 2, Hong Kong Customs detected suspicious figures offloading cartons from a fishing boat to a nearby speedboat. While the men successfully fled, the authorities reportedly detained the fishing vessel and found there a large batch of apparently smuggled goods: everything from dried shark fins and cosmetics to electronics. Notably, among these goods — worth an estimated $31 million in total — were reportedly a stash of over 300 Nvidia CMP 30HX graphics cards; a new line of GPUs dedicated to cryptocurrency mining, which Nvidia released earlier this year in order to ensure that its other GPU hardware will remain primarily used by gamers. “To address the specific needs of Ethereum mining, we’re announcing the NVIDIA CMP, or, Cryptocurrency Mining Proce...
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UK prosecutor expects crypto scams to increase, but numbers remain low for now

Less than 1% of overall fraud cases relate to cryptocurrency, but that number could be rising in line with Bitcoin and the crypto market's ascension. The United Kingdom Crown Prosecution Service expects to see an increase in the number of Bitcoin ( BTC ) and cryptocurrency-related scams in the coming years, but admits they are still rather infrequent for the time being. The CPS estimates that 86% of reported fraud is now cyber-related — a situation exacerbated in the past year by the outbreak of COVID-19 which pushed more people online, reports the Financial Times. City of London police statistics show that 27,187 reports of cyber-crime were made across the U.K. and Northern Ireland between 2019 and 2020. Of that figure, 5,581 involved reports relating to cryptocurrency investments, amounting to a fifth of all reported cyber-crime incidents. The number of general fraud cases totaled 822,276 in the same period, suggesting that, despite the meteoric rise in the fortunes of Bi...
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The big $60K hodl is on: 5 things to watch in Bitcoin this week

No signs of selling as miners hoard their earnings and institutions keep piling into the latest Bitcoin exposure products to hit the market. Bitcoin ( BTC ) is looking shaky at the start of a new week as $60,000 remains out of reach — could anything change in the coming days? After an average weekend which failed to deliver the breakout that many had hoped for, Bitcoin is clinging to the mid-$50,000 range. Cointelegraph takes a look at five factors that can help shape future price performance. Coinbase IPO a beacon in flat macro sea Stock markets were unimpressive on Monday, April 5 with many Asian markets closed for public holidays and United States futures seeing little movement. Following the Suez Canal debacle, oil was the only commodity with noticeable energy as a decision from OPEC+ countries to increase supply put pressure on prices. With a lack of momentum available, Bitcoin, therefore, had little to sustain any macro-influenced price run, and $60,000 resistance remaine...
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