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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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Cardano smashes new all-time high following 14% gain

With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings. Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings.  ADA charted 14% growth to reach $1.83 on major exchanges, marking a new all-time high. It was last seen hovering just below $1.80, having gained 14% on the day, 31% on the week and over 47% in the past month. At current values, Cardano has a market cap of $57.8 billion, flipping Tether ( USDT ) for sixth spot on the market leaderboard, according to Coingecko. Cardano's market ranking could be seen as high as fifth on CoinMarketCap.  Cardano's ADA cryptocurrency has charted significant growth in 2021. Chart: TradingView ADA was also outperforming in Bitcoin ( BTC ) comparative, having risen 16% against the largest cryptocurrency. ADA remains well below its all-time high when measured in Bitcoin . Cardano is being supported by a ...
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Edward Snowden Knocks Alex Gladstein’s Crypto Critique- ‘Worst Part of Dragon-Level Wealth Is People Devolve Into Dragons Themselves’

On Saturday evening, the privacy advocate and well known whistleblower, Edward Snowden, spoke out against some criticism stemming from the Human Rights Foundation’s Alex Gladstein. Snowden attacked the tribalism taking place in the crypto space and said that some people “lose sight of the world beyond their cave.” Alex Gladstein Calls Snowden’s Interview Clip a ‘Disaster’ Just recently, the Human Rights Foundation’s (HRF) Alex Gladstein had some words to say to the former NSA contractor and whistleblower Edward Snowden . Gladstein didn’t like the statements Snowden made in a recently published video, when the privacy advocate criticized bitcoin ( BTC ). It’s not the first time Snowden has given BTC a scathing review that knocked BTC ’s ability to scale and privacy. For instance, on December 25, 2020, Snowden explained that BTC developers have had years to address scaling and privacy in a video with the popular Youtuber, Naomi Brockwell. The famed whistleblower said he was “puzz...
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The great tech exodus: The Ethereum blockchain is the new San Francisco

The blockchain shift from Ethereum to alternate chains closely resembles the exodus of tech talent from San Francisco to emerging hubs. Remember the “Silicon Valley Tech Bubble”? In the early- to mid-2000s, the San Francisco Bay Area gave birth to some of the most storied and successful technology companies the world has ever seen. Facebook, Google, Salesforce, Twitter, Tesla, Lyft — the list itself could take up half of this article. From the palpable energy to the networking potential, one thing was certain: San Francisco was the place to be. For many, present-day San Francisco has lost its allure. Across the city, the cost of living continues to surge. The remaining inhabitants are cobbling together money to afford the egregiously high rates and are constantly browsing Zillow to see where the grass is greener. Suffice it to say, San Francisco has become unlivable for the working class and is no longer suitable, much less ideal, for many new and existing companies. Although it gav...
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Bank of Russia Tests Services Related to Cryptocurrencies

Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 The Central Bank of the Russian Federation (CBR), also known as Bank of Russia, launched the sandbox back in 2018, when developments in financial technology and decentralized digital assets presented regulators with a new set of challenges. Since the start of the initiative, over 70 entities, including financial institutions and fintech companies, have asked the regulator to test their new products, services, technologies, and business models. CBR’s 2020 annual report published recently reveals that the bank admitted three crypto platforms to the sandbox last year. Centrobank reviewed the operation of a cryptocurrency mining p...
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Stablecoins present new dilemmas for regulators as mass adoption looms

A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world. Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool of such currencies/assets. They are contrasted with regular cryptocurrencies, which have no such stability mechanism and whose values tend to fluctuate, sometimes even substantially.  Related: All risk, no gain? The vague definition of stablecoins is causing problems Stablecoins do not denote a uniform category but represent a variety of crypto instruments that can vary significantly in legal, technical, functional and economic terms. Despite its name, it is important to stress that this asset does not guarantee stability, which depends on the specific design...
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California Cannabis Chain People’s Remedy Starts Accepting Cryptocurrencies as Payment

People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between cannabis and crypto as a commitment, wanting to build a circular economy by paying its employees with crypto assets. People’s Remedy Starts Accepting Cryptocurrencies as Payment People’s Remedy, a California-based cannabis chain of dispensaries, has started taking cryptocurrencies as payment methods, allowing their customers to leverage the power of crypto to acquire their products with the benefits of privacy and anonymity coming with it. With four stores in California, and still growing, People’s Remedy products are designed specially to help those with medical ailments that can be treated with cannabis, offering the bests strains and ...
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The rise of DEX robots: AMMs push for an industrial revolution in trading

AMM-based decentralized exchanges are seeing unprecedented adoption, but are they the future of trading? Centralized exchanges play an important role in the cryptocurrency industry. While their decentralized exchange counterparts have been growing in popularity and usage since 2020, the overwhelming majority of crypto trading volume is still concentrated on centralized exchanges.  The supremacy of CEXs can be clearly observed in the size and popularity of trading platforms like Binance and Coinbase, which are now so recognizable and mainstream that Coinbase has recently become the first crypto company to be listed on the Nasdaq stock exchange. Acting as a necessary bridge between fiat and crypto, centralized exchanges provide unparalleled convenience. Nevertheless, industry leaders often see these types of exchanges as one of crypto’s single points of failure. Sergej Kunz, co-founder of 1inch Network — a DeFi platform offering automated market makers and other related servic...
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