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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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Southeast Asia’s Largest Bank DBS Launches Trust Service for Cryptocurrencies

DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained. DBS’ New Cryptocurrency Trust Service DBS Group said Friday that its private banking arm, DBS Private Bank, has started offering a trust service for cryptocurrencies. The service allows private banking clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, DBS Group explained. The offering applies only to cryptocurrencies supported by the bank’s crypto exchange launched in December last year for institutional clients and accredited investors. They are bitcoin, ether, bitcoin cash, and XRP . Lee Woon Shiu, regional head of family office, wealth planning and insurance solutions at DBS Private Bank, commented: International regulations and protocols are still nascent in the...
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Summer shorts: NANO price spike gives traders a chance to bet against the rally

Bearish signals flashed bright red as NANO went on a tweet-induced (but short-lived) rampage. How can traders take advantage of social media-driven crypto rallies? When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid the sea of red.  Those were the tokens that market themselves as environmentally friendly capitalizing on investors’ immediate instinct that Tesla might be switching to some alternative, eco-friendly cryptocurrency soon. NANO’s moment of unsustainability Among the biggest winners of the day was NANO, a decentralized cryptocurrency that relies on a consensus algorithm similar to proof of stake and that emphasizes its status as a highly sustainable form of money. Boosted by the news of Musk’s quest for greener pastures, the coin almost doubled its price, soaring from $8.44 to $16.32 in a mat...
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Supply chains reimagined: Enterprise DeFi finances personal protective equipment

The development of enterprise DeFi use cases is underway, but mainstream adoption may take longer than expected. Supply chain management has historically been challenging due to issues, such as increased costs, consumer demands, financial risk, volatility and much more. Unfortunately, the COVID-19 pandemic has created even bigger issues for supply chains globally.  A recent survey conducted by Big Four firm Ernst & Young in late 2020 puts this in perspective, noting that 97% of automotive and industrial product companies found the pandemic to have negative effects on their businesses. The EY study further found that 64% of surveyors believed that the digital transformation of global supply chains will accelerate due to the pandemic. Although this is merely a prediction, some traditional suppliers have already started to leverage blockchain technology to automate workflow verification to enable more efficient supply chains. For example, freight technology provider ConsolFre...
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Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin

The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. Thai Public Company Invests in Bitcoin The number of public companies investing in bitcoin is growing worldwide. In Thailand, The Brooker Group (BROOK) has become the first listed company in the country to announce its cryptocurrency holdings, the Bangkok Post reported Thursday. The Brooker Group provides independent advisory services to private and public sector clients in Thailand and overseas. Before The Brooker Group’s disclosure, a small number of Thai publicly traded companies accepted cryptocurrencies as a means of payment, such as Ananda Development and Major Cineplex Group. None had declared that they were holding any bitcoin or other cryptocurrencies on their balance sheets. SEC Secretary-General Ruenvadee Suwanmongkol explained: Listed companie...
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Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day

A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.” Scam Allegedly Ran From 2016 to 2020 According to the Epoch Times , the six plaintiffs – residents of China, Canada, California, Washington State, and Georgia – accused the individual, named in the documents just as “Sun,” of running a stock trading academy where he sold courses and provided investment tips. The lawsuit was filed in the Federal Court for the Eastern District of New York, where the victims demanded Sun to return their initial investments, which they didn’t disclose publicly, plus the profits promised by him. Sun claimed to operate a blockchain and digital asset-related investment group that ran from 2016 to March 2020. The alleged fraudster falsified bitcoin ( BTC ) trading statements ...
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Walking on sunshine: Top crypto summer vacation destinations in 2021

As vaccinations continue to be rolled out globally, more countries are starting to open up their borders to tourists. Even though the ongoing coronavirus pandemic has yet to fully recede, an increasing number of countries are beginning to open up their borders to tourists once again. Furthermore, with large-scale vaccination drives taking place all over the world, it appears as though by the time summer rolls around again, it will become possible for many individuals to travel to certain holiday destinations once again. In fact, according to the president of the European Commission, Ursula von der Leyen, American tourists will be able to pay a visit to their favorite European Union countries during summer 2021, given that they are able to fulfill the EU’s vaccination requirements. In this regard, it should be pointed out that according to a tracker made available by the United States Centers for Disease Control and Prevention, over 35% of all American citizens have already been ...
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Samsung Adds Support for Hardware Wallets on Galaxy Smartphones

Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallet that comes with most devices in the popular lineup. Samsung says that makes it easier for users to access their cryptocurrency and make transactions. Update Allows Galaxy Users to Link Their Crypto Wallets to Cold Storage Devices Samsung has released an update that will increase the utility of its cryptocurrency wallet, first introduced with the Galaxy S10 series two years ago. The app can now link to select hardware wallets such as Ledger Nano S and Ledger Nano X. The new functionality facilitates the transfer of crypto funds from cold storage to the mobile app. In a press release, Samsung emphasized: The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet. Galaxy devices running Android OS 9.0 or above will support the new feature, alth...
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