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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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Mass adoption of blockchain tech is possible, and education is the key

Mainstream adoption of emerging technologies such as blockchain is inevitable, a transformation that younger generations will carry out. Blockchain technology is one of the most promising technologies of our times, and the core concept of it is really simple. Essentially, it is a public ledger or database, and I think that public education about what blockchain actually is can be the key to its mass adoption. Lack of knowledge and perception from the general public of the differences between blockchain technology and cryptocurrency are the major hurdles of mainstream adoption. Hollywood and the mass media still portray the industry as having a deep criminal element, associating it with the shady past of Silk Road and the darknet. Related: Institutional investors won't take Bitcoin mainstream — You will Another hurdle — which I can currently see as an insider of the cryptocurrency industry — is scalability. We have seen serious issues with both the Bitcoin ( BTC ) and Ethereu...
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A South African NFT Marketplace Officially Launches After Trial Phase Nets Over $10,000 for Rugby Star Bryan Habana

A South African non-fungible token (NFT) marketplace, Momint has officially launched following the end of the two-week trial phase which saw the artwork of former rugby player Bryan Habana fetch over $10,000. More than 800 people from 25 countries took part in the auction. The Momint marketplace, which has been developed as a social media app similar to Instagram, is backed by investor Rob Hersov and has a “pre-seed funding reportedly valuing the company at over $2 million.” According to a report , Momint combines an NFT marketplace with the functionality of a social media platform. In addition to accepting cryptocurrencies like BTC and ETH , Momint says buyers will be able to use fiat currency. In his remarks following the launch, the marketplace’s co-founder and COO, Joshua Minsk said: NFTs offer a means for creators to sell their works and support themselves without needing to litter their work with sponsor shout outs or advertisements. Meanwhile, in addition to Habana, the ...
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Will crypto and blockchain shape the future of finance? Experts answer

Here’s what crypto and blockchain experts from China think about the role of emerging technologies in the future of finance. This is Part Two of a multipart series on blockchain and crypto in China. Read Part One about the digital yuan here .  When Satoshi Nakamoto introduced the Bitcoin ( BTC ) white paper over a decade ago, it was hard to imagine what role the cryptocurrency sector would play in global finance. Some argue that the invention of blockchain technology is comparable to the revolution brought on by the invention of the internet back in the 1980s. Starting as a niche space for tech enthusiasts, in just 12 years Bitcoin has become a serious player in the financial field, with its market capitalization closing in on Google , one of the world’s largest tech giants. Related: Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer One of the reasons for the increasing popularity of , and people’s increasing interest in , crypto lies in the ...
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The way of the stablecoin: A journey toward stability, trust and decentralization

Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year. Bitcoin ( BTC ) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient manner, cutting out the centralized intermediaries and counterparty risk previously associated with digital money transfers.  Thanks to blockchain technology, value can now be transferred on a worldwide scale within seconds/minutes and with relatively low fees — but that’s not all. However, Bitcoin and Ether ( ETH ) are still too volatile to be used as currency, a factor that has hindered their mass adoption. Although Bitcoin and blockchain technology are still in their infancy, volatility is still predominant in the industry, which has led to the creation of something that takes the best of both worlds — stablecoins. Popul...
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Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette states that the country’s latest expansion of rules covering cryptocurrency transactions would take immediate effect. Crypto service providers must now comply with existing regulations. The government previously said that it plans to establish a central custodian bank to eliminate counterparty risk among other provisions. Turkey’s central bank recently banned the use of cryptocurrencies for payments. Following the ban, two Turkish cryptocurrency exchanges, Thodex and Vebitcoin , halted trading abruptly and are now being investigated for fraud. Six people have been jailed in...
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Dogecoin Nears All-Time Highs, Price Launches Higher After Elon Musk’s ‘Dogefather’ SNL Tweet

The infamous meme-crypto dogecoin has seen double-digit gains in recent days after Tesla’s Elon Musk tweeted about his upcoming Saturday Night Live appearance on May 8. On Wednesday, Musk tweeted “The Dogefather SNL May 8,” and a great number of people assume dogecoin will be mentioned to some degree on the show. Dogecoin Captures a $50 Billion Market Cap This weekend, dogecoin (DOGE) has started to surge again, as the token featuring the likeness of the Shiba Inu dog is nearing the asset’s all-time high (ATH). The last dogecoin ATH was two weeks ago when the cryptocurrency reached $0.44 per token. DOGE has jumped more than 45% during the last seven days, and 30-day stats show dogecoin gained 537.92% against the U.S. dollar. In recent times, Federal Reserve Chair Jerome Powell was asked about dogecoin at a press conference, and Shark Tank star Mark Cuban talked about DOGE with Ellen Degeneres. Just before the weekend, Tesla’s Elon Musk, who tweets about dogecoin often, mentio...
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UBS Chief Economist Says ‘Bitcoin Is Denied to Minority Groups Who Have Reduced Online Access’

A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin. In attempting to answer the question of whether the cryptocurrency defies the zeitgeist, he claims that “bitcoin is denied to those minority groups who have reduced online access.” UBS Chief Economist Sees Multiple Problems With Bitcoin Paul Donovan, Chief Economist of UBS Global Wealth Management, published a weekly update entitled “Does Bitcoin defy the Zeitgeist ?” on the UBS website Friday outlining a number of issues he sees with the cryptocurrency. UBS is the largest bank in Switzerland. “There is something weird about Bitcoin. Bitcoin seems to specifically defy the spirit of the age, in a way other cryptos do not,” he began, adding: Some suggest bitcoin is a safe haven from runaway inflation. But controlling supply does not guarantee value … Bitcoin has a history of extreme price fluctuation. “We cannot keep living on environmental credit and must become increasingly sustai...
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