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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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DMCC strikes deal to build blockchain-based precious metals refinery in Dubai

The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform. Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery. According to a DMCC release on Wednesday, the precious metal refinery and storage facility will be the largest in the Gulf Cooperation Council and will reportedly be powered by blockchain technology. Located in the high brow Jumeirah Lake Towers area, the facility will refine and store precious metals like gold, silver, rhodium, palladium and platinum among others. These precious metals will also provide backing for asset-collateralized stablecoins like GoldCoin, SilverCoin, RhodiumCoin, PalladiumCoin and PlatinumCoin, to mention a few. The stablecoins will run on the Ethereum network and will reportedly be pegged to the current value of one gram of the corresponding...
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New Bitcoin price concerns from JPMorgan at odds with 'immense support' at $52K

On-chain indicators are simply too bullish to permit a deeper price plunge, analysts argue, with Bitcoin set to remain a trillion-dollar asset. Bitcoin ( BTC ) is seeing a tsunami of new user adoption as a backdrop to prices likely bottoming at around $52,000, say analysts. In a series of tweets on April 20, statistician Willy Woo led calls for calm about Bitcoin's recent price dip and subsequent lingering $9,000 below recent all-time highs. $1 trillion cap has created new "line in the sand" Reiterating previous assertions , Woo argued that buyer support had firmly established Bitcoin as a trillion-dollar asset and that BTC/USD would, therefore, not fall much below the equivalent spot price to maintain it — around $53,000. "This revisit of lower price has created incredibly strong price validation for Bitcoin about $1T cap. 14% of the supply last moved above $1T cap," he wrote. "This is a key line in the sand imprinted into BTC's price discovery...
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Expert explains why Britain needs a digital pound

One of the contributors to the Bank of England's preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom. The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas of industry, academia, and civil society, the task force will advise the Bank of England on the future rollout (or not) of what would be a digital version of the pound. Antony Welfare, executive director of enterprise at NEM, is a member of the Whitechapel Think Tank and the Finance Payments Working Group, both of which provided preliminary research to the Bank of England in the formation of its CBDC taskforce. Welfare contributed to a report titled The Impact of Digital Currency on the Future of Payments , which was commissioned by the Bank of Engl...
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Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that the bourse was “not ready to approve cryptocurrency listings.” However, according to a report which quotes the company’s CEO, David Hufton, Sygnia plans to re-apply for an ETF using the same design structure from 2017. In remarks, Hufton said: A lot of work went into designing the actual structure of the ETF in 2017 which we can reuse. With cryptocurrencies becoming more mainstream, we are hopeful that the JSE will be more receptive to our application this time around. The CEO also reveals that Sygnia intends to “reapply to the JSE any day now.” Meanwhile, a recent report quotes the JSE director, Andre Visser, explaining that certain conditions n...
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Uniswap deploys V3 contracts to four Ethereum testnets

The world’s leading DEX has taken a big step toward launching its third iteration by deploying its contracts to all four of Ethereum’s testnets. Leading decentralized exchange Uniswap has taken a step closer to launching its highly anticipated “V3” iteration, announcing the successful deployment of V3’s smart contracts to all Ethereum test networks. In an April 21 announcement , Uniswap Labs confirmed that the protocol’s V3 core and periphery smart contracts have been deployed to all major Ethereum testnets — Ropsten, Rinkeby, Kovan, and Goerli. The testnet addresses were posted to Github , with Uniswap reminding users that the addresses are not final and will be changed as the team makes final updates to the periphery repository. Version three’s core contracts have also been deployed to GitHub. A bug bounty was started on March 23 offering rewards of up to $500,000 for the discovery of high severity bugs in V3’s contracts. According to the official announcement, Uniswap v3 is ex...
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ICO fraudster pleads guilty to $7m Covid-relief loan scam

An ICO fraudster spent more than $7 million in fraudulently obtained covid relief on luxury personal expenses, including a Rolex, a luxury apartment, and a new Mercedes. A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and misleading investors in a fraudulent initial coin offering during 2018. According to an April 20 announcement from the U.S. Department of Justice, Taiwanese national, Justin Cheng — also known as “Justin Jung” — Cheng submitted a series of online loan applications accompanied by forged tax and payroll records between May and August of last year. Cheng’s applications featured fraudulent IRS tax and payroll records purporting to document the names of 200 employees earning $1.5 million in monthly wages from Cheng’s businesses. However, the list consisted of names from current and former public figures including Good Morning America co-anchor and a deceased “former Penn State...
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The Ternoa Blockchain (CAPS) Unveils SecretNFT, Its NFT Platform

The Ternoa Blockchain has just unveiled the alpha version of its SecretNFT Marketplace, a platform entirely dedicated to non-fungible tokens (NFTs). The platform, which uses Ternoa’s own CAPS token, comes with many features to promote its adoption among artists and lovers of NFTs. Ternoa launches its NFT platform, SecretNFT The Ternoa Blockchain has just unveiled the first version of its SecretNFT Marketplace, a new platform entirely dedicated to NFTs. The NFT marketplace allows artists to issue authenticated digital artworks in a single edition. Ternoa’s platform boasts a number of innovations, not least the so-called SecretNFT, a feature that makes artists’ works even more unique. This platform represents the first full-scale test of the Ternoa Blockchain, with all NFTs present on SecretNFT Marketplace hosted on the Chaos Net, a Ternoa testnet. All works hosted on the SecretNFT Marketplace are therefore certified on the Ternoa blockchain to avoid any falsification. Since th...
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