Skip to main content

Posts

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...
Post a Comment
Read more

Fleeing Lynchpin of Nigerian Crypto Ponzi Scheme Inksnation Captured

The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country. Still, in its May 28 Twitter statement, the EFCC said it would provide details on Sewanu’s capture later. End of the Run The capture of the Inksnation creator comes a few months after the EFCC’s publication of a notice that asked for the Nigerian public’s help in locating him. At the time of the notice’s release, EFCC said it placed Sewanu on its wanted list for various offences which included “name dropping and fraud.” However, in addition to these charges, the anti-graft body also said Sewanu was wanted for his involvement in the creation as well as the distribution of the Pinkcoin, an elaborate Ponzi that is packaged as a cryptocurrency. As previously reported by Bitcoin.com News, Sewa...
Post a Comment
Read more

Ignore the headlines — Bitcoin mining is already greener than you think

ESG-led Bitcoin mining is not only possible, but it’s ultimately the most responsible and prosperous way to show leadership in this growing industry. Is it possible to mine Bitcoin ( BTC ) using only 100% renewable energy sources and deliver the same economic returns as those using carbon-based sources? The answer is yes, according to Square’s recent analysis on the cost of renewables and their impact on Bitcoin mining. Unfortunately for our industry, the number of headlines and headline-making tweets about Bitcoin’s energy use and potential environmental impact has followed its rise in value in recent months. The increased media scrutiny has led to increased calls for regulatory action and even a proposed bill in the New York State Senate that would place a three-year moratorium on non-renewable Bitcoin mining in the state. Related: Green blockchain should work smarter, not harder This is one debate where both sides have a point. Critics are correct: Bitcoin mining does use...
Post a Comment
Read more

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office Targets Australians With Crypto-Related Obligations Concerned about crypto investors evading taxes, the Australian Taxation Office ( ATO ) has set out to debunk the myth that cryptocurrency gains are only taxable when digital assets are converted into fiat money. People often think the digital coins are currencies but in reality, they are classified as assets, and gains from cryptocurrency trades are like gains from other investments, the tax authority explained. ATO has estimated that 600,000 Australians have invested in cryptocurrency recently amid the surging popularity of crypto trading and rising market prices. The a...
Post a Comment
Read more

DeFi bucks crypto market correction as Uniswap v3 leads the charge

Numbers don’t lie: Uniswap v3 gains traction with DeFi users despite May’s crypto market crash. Decentralized exchange Uniswap successfully launched version 3 of its platform in May — resulting in high trade volumes despite a downturn across the cryptocurrency markets. The latest version of the hugely popular decentralized finance (DeFi) automated market maker (AMM) has quickly attracted a sizable amount of trade volume, seeing it move into the top five decentralized exchanges alongside Sushiswap, PancakeSwap v2 and its predecessor, Uniswap v2. The success of v3 cannot be understated, as the cryptocurrency space has been under pressure due to a market correction in May that has cast shadows over what has been the most prolific bull run that the space has seen. Uniswap v3 is now the leading dex in terms of trading volume, recording an average of $1.2 billion in daily transaction volume, while Uniswap v2, which was leading until very recently, currently processes just under $1 bill...
Post a Comment
Read more

Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies

The biggest Spanish asset managers are still not convinced of cryptocurrencies as an asset class, and therefore have no plans to invest in the space yet. The declarations of several spokespeople linked to these companies state that, while there is a significant opportunity in the nascent cryptocurrency sector, it is still too young and volatile to put significant investments behind it. Spanish Asset Managers Still Skeptical About Crypto Spain’s largest asset managers are still not convinced crypto is a good investment vehicle, at least for now, according to statements from several key finance officials. While it is permitted for asset managers in Spain to invest in cryptocurrencies, their incipient nature, volatility, and the gray areas of regulation are keeping these big funds away from them. Caixabank AM’s investment strategy director, Santiago Rubio, has declared they won’t touch cryptocurrencies. Caixabank AM is one of the largest asset managers in Spain, having more than 70 m...
Post a Comment
Read more

The remaining steps to mainstream institutional investment

The crypto space suffers from its checkered history and, to grow further, the ecosystem must become safer, more usable and more mature. It has been said that you only get one chance to make a first impression. Perhaps the best example of this old adage is the cryptocurrency space.  From exit scams and money laundering, to unaudited code and high carbon footprints, the crypto landscape has spent the better part of the past decade scrubbing itself of its infamous past. For many, the sanitizing of the decentralized ecosystem was inevitable — simply a matter of when, not if. This mindset hindered the sense of urgency that should have been on display and may have ultimately contributed to the skepticism exhibited by mainstream institutional investors. Today, however, the decentralized economy has grown into something much larger. Even in the face of market volatility, the culmination of decentralized finance, the nonfungible tokens craze, and the year-over-year increase in token pri...
Post a Comment
Read more

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

A new survey has established that one in four Australians would like to receive at least part of their salary in cryptocurrency. While the motives vary between the members of this diverse group, the results indicate that the Australian nation’s overall interest in decentralized digital money remains strong. 4.7 Million Australians Would Accept Bitcoin Remuneration The poll has been conducted among 1,000 Australian residents by the comparison website Finder . The company is actually among the first in the country to offer employees the option to take a portion of their remuneration in cryptocurrency. The platform has now found that 24% of Australians, or around 4.7 million, are ready to accept bitcoin ( BTC ) as part of their salaries. Of those who would be willing to be paid in BTC , Finder pointed out, 14% have said so because they are convinced it is going up in value, while another 10% admitted a bitcoin payment would help them to invest in digital currency before tax. Taylor ...
Post a Comment
Read more