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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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Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new derivative exchange, Globe Derivative Exchange (Globe DX) , has successfully closed its recent seed funding round. Backed by top-class blockchain VCs such as Pantera Capital, Y Combinator, CMT Digital, Draper Dragon, Wave Financial, Republic Crypto, and Okex, Globe DX closed the private round, raising a total of $18 million. Derivatives spearhead the crypto exchange ecosystem, accounting for a large share of the total revenue generated by crypto businesses. Thanks to a platform loaded with unique features, Globe DX’s recent pre-sale attracted massive participation from VCs. With more than...
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Blockchain trading platform INX completes $125M SEC-approved token IPO

INX has reportedly raised $125 million from investors to build a fully regulated trading platform for crypto and security tokens. INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average of investors who participated in the token IPO was 42. As previously reported by Cointelegraph, the SEC-registered INX was looking to wrap up its token IPO before the end of April. The company had previously penciled the end of 2020 as its initial date to conclude the token IPO . Together with the $7.5 million from a previous private round and another 39.6 million Canadian dollars (about $32.2 million) in private placement equity on the Toronto Stock Exchange, the Gibraltar-based c...
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Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US

CBDCs will never offer the same freedom of use as cryptocurrencies like Bitcoin, according to Binance CEO Changpeng Zhao. Cryptocurrencies like Bitcoin ( BTC ) and Ether ( ETH ) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan , Binance CEO  Changpeng Zhao said in a Bloomberg interview on Monday. According to Zhao, some of the key features of cryptocurrencies like Bitcoin ( BTC ) — freedom of use and limited supply — won’t be offered by central bank digital currencies. “At the end of the day, those are core properties that users care about,” he stated. Zhao said that the differences between the two types of digital assets could make central bank-issued currencies unattractive to people in the crypto industry. “Most central bank digital currencies are going to have a lot of control attached to them,” he noted. Unlike a fiat currency like the United States dollar, the world’s biggest cryptocurrency, Bitcoin, has a limited supply, ...
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Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a little more than half of South Koreans support the taxing of profits from cryptocurrency trading, local media reported on Monday. In numbers, 53.7 percent of the respondents back the authorities’ initiative to levy taxes on capital gains from deals with digital money, while 38.3 percent oppose it. However, young people in the country, or the most active cryptocurrency users, are more likely to disagree. 47.8 percent of the respondents aged between 20 and 29 stated that they were against the planned tax, outnumbering those that are in favor, 47.5 percent. The largest share of supporters is among citizens in their 40s (62.1 percent), followed by...
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3 reasons why Bitcoin is on shaky ground after failing to retake $60K

Altcoins are outsmarting Bitcoin bulls and on-chain indicators aren't as green as they have been — are further support tests inbound? Bitcoin ( BTC ) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over. BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading. With sellers still in place closer to all-time highs of $64,500, the largest cryptocurrency has a lot of work to do to exit its current broad trading range. BTC moves back to exchanges One metric which may soon be causing problems for bulls is the overall BTC balance on cryptocurrency exchanges. While seeing a general steep downtrend throughout the past year, local spikes in supply — when traders send coins back to their exchange accounts for potential quick sale — tends to reflect a more selling-driven mentality entering. This is not the case for every exchange this week. Accordi...
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Crypto donors to star-studded benefit raise $440K for autism awareness

Thanks to support from Nexo, viewers were able to donate in cryptocurrency to the "ColorTheSpectrum" live stream last week. On April 30, a virtual benefit co-hosted by American TV star Jimmy Kimmel and NASA engineer-turned-YouTuber Mark Rober raised over $3 million in donations to support NEXT for AUTISM, a charity dedicated to addressing the needs of people with autism and their families across the United States.  The interactive livestream featured a wide range of well-known entertainers, comedians, musicians, and athletes, among them Jon Stewart, Conan O’Brien, Chris Rock, Adam Sandler and Charlize Theron. The virtual benefit was also brought a step forward into the digital currency era, with crypto lender Nexo and The Giving Block offering a payment channel for viewers to donate to the charity using a wide range of crypto assets. Alongside Bitcoin ( BTC ) and Ether ( ETH ), donations in Dai ( DAI ), The Graph ( GRT ), Litecoin ( LTC ) , Storj ( STORJ ), Zcash ( ...
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Digital euro's privacy promise not worth a centralized system, Oasis exec says

A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro. When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the possibility of a digital euro, canvassing the opinions of over 8,000 individuals and businesses. The responses that came back suggested privacy was the number one concern surrounding the issuance of a central bank digital currency. With 43% of respondents highlighting privacy as the core requirement, Panetta declared that the digital euro could meet those requirements without relaxing security standards. Other responses from the survey highlighted the need for a digital euro to provide secure payments (18%), while others focused on cross-border payments within the European...
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