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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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US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins

US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains or losses on ‘forked assets’ until the IRS issues sufficient guidance on how to do so.” Bill Aimed at Protecting Crypto Investors Introduced The office of Congressman Tom Emmer announced this week that the congressman has introduced the bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021.” The bill seeks to prohibit “penalties against taxpayers attempting to report certain gains or losses on ”forked assets’ until the IRS issues sufficient guidance on how to do so.” The announcement explains that “The bill delineates that receipt of a forked virtual currency may not constitute a taxable event and creates a safe harbor under which the IRS cannot impose penalties or fees on taxpayers with forke...
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BitcoinVend (BCVT) Token Is Now Listed on Bitcoin.com Exchange

PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of BCVT, being available to trade on the 20th May 2021 at 10:00AM UTC. BCVT was created by the BitcoinVend team, as the native cryptocurrency of their BitcoinVend App. BCVT will start trading with USDT and ETH pairs. What is BitcoinVend? BitcoinVend’s mission is to enable cryptocurrency to become more integrated into everyday life, and the economy at large so that the world can make the most of this technology. As with most projects, BitcoinVend is solving a current issue in the market, one surrounding spending crypto more easily. The project does this by means of an all-in-one solution that combines the three core elements needed to facilitate trade: a marketplace, payment processing, and exchange. By combining these three elements in the same place and making it simple, the team has created a frictionless crypto ecosystem that anyone can use as they wish, which in turn will open the crypto market to milli...
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Australian Senator Says Cryptocurrency Is Not a Fad — Government Won’t Stand in the Way

Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their own decisions,” she said. Australian Government Won’s Stand in the Way of Crypto Australian lawmaker Jane Hume said on Thursday that cryptocurrencies are not a passing fad and will grow in importance as an asset class, the Financial Review reported . Her crypto comments were part of her speech outlining the Morrison government’s approach to a new wave of digital financial platforms and products. Hume is an Australian senator and the Minister for Superannuation, Financial Services, and the Digital Economy. She is also the Minister for Women’s Economic Security. Commenting on the rising number of platforms — such as Tiktok, Facebook, Instagram and Reddit — that provide information and give investment advice to investor...
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Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about cryptocurrencies. Also, as one report explains, the initiative seeks to stop young African traders from becoming victims of cryptocurrency scam tactics. The report said: The Masterclass is primarily aimed at helping crypto newbies (learn) how to identify scams, buy and sell crypto as well as the more advanced concepts such, margin and futures trading as they get started on their crypto journey. In addition, the report also quotes Emmanuel Babalola, a director at Binance Africa, explaining how the learning course is being used to prepare African youths “for career opportunities in the [crypto] market.” “Africa is a very important market for Binance because we see the profound opportunity blockchain br...
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Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards

A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic cards to keep a balanced inventory for gamers. Cards With Limited Hashrate Will Be the Ones Shipped Starting May According to the announcement published by the chipmaking giant, the measure will reduce the ethereum (ETH) hashrate to Geforce RTX 3080, RTX 3070, and RTX 3060 Ti graphics cards. The decision follows a similar maneuver done in February with all Geforce RTX 3060 cards. Nvidia pointed out that the new graphic cards will be shipped in late May, although a specific date was not provided as of press time. However, the chipmaker clarified that reduced hashrate only applies to manufactured cards with the “LHR” (Lite Hash Rate) identifier and not with graphic cards already purchased. On t...
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Elon Musk Invented Bitcoin, if You Ask Half of Australians Polled by Finder

Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto network, Bitcoin. Finder Tests Australians With 8 Questions About Bitcoin The comparison website Finder.com has recently surveyed 1,000 Australians to gauge their knowledge about Bitcoin. The study, conducted through its Consumer Sentiment Tracker, found that a staggering 98% of the respondents were unable to answer correctly a total of 8 true or false questions regarding the cryptocurrency. “Bitcoin is not taxed” produced the most obvious discrepancy with reality, with 59% of the participants determining that the statement is true. Cryptocurrency profits, Finder notes, may be treated either as income or an investment for tax purposes. “When you sell it, you’ll need to pay capital gain...
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Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report

The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total ban,” local media reported. Indian Government Re-Examining Crypto Bill The Indian government is considering forming a new “panel of experts to study the possibility of regulating cryptocurrency in India,” The Economic Times reported Wednesday, citing three sources privy of the discussions. The committee could be exploring the use of blockchain technology and suggesting ways to regulate cryptos as digital assets instead of a currency. It may also study ways to operationalize the digital rupee to be created by the central bank, the Reserve Bank of India (RBI). An official familiar with the matter told the publication: There is a view within the government that the recommendatio...
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