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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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New Samsung service Paperless adds document disposal to enterprise blockchain

Samsung SDS has launched a new cloud-based blockchain service called Paperless to address forgery and falsification problems in documents. Samsung SDS, the information and communication technologies (ICT) arm of Samsung, launched a new service named Paperless to provide reliability and transparency of documents in a cloud environment.  Launched as a cloud-based blockchain-as-a-service (BaaS) solution for enterprises, Paperless manages sensitive documents such as contracts, consent forms and certificates on blockchain to prevent forgery and falsification. According to the official announcement , the new service can be used in various fields such as voting or tasks that require various proof documents. Paperless also enables the management of documents that need to be disposed of after a certain period by encrypting and storing sensitive or large-volume data at a separate server, only keeping the hash value of each data on blockchain. Since all data history such as the creation,...
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Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’

According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity Digital Assets to Increase Staff Fidelity Digital Assets is looking to increase staff at its locations in Boston, Salt Lake City, and Dublin, according to a Bloomberg interview with Tom Jessop. The new hires will be dedicated to building new products that extend into other areas of crypto assets besides bitcoin. “[2020] was a real breakthrough year for the space, given the interest in bitcoin that accelerated when the pandemic started,” Jessop said. But Jessop also added: We’ve seen more interest in ether, so we want to be ahead of that demand. The company will be trading digital currencies more often as well, Jessop...
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Crypto crackdown targeting USD access points has begun: Caitlin Long

Avanti’s Caitlin Long expects the U.S. Federal Reserve to make it harder for crypto companies to access USD payment channels. Caitlin Long, the founder and CEO of the pioneering bank for the crypto sector, Avanti Bank & Trust, has declared that the regulatory crackdown on crypto “has begun.” In a lengthy tweet on July 13, the Wall Street veteran highlighted her thoughts on the current regulatory situation in the U.S., predicting that authorities will not target Bitcoin and Ethereum directly, instead opting to go after “intermediaries” and “access points” for U.S. dollars into the sector. “The issue isn’t Bitcoin, Ethereum, or other crypto protocols, they’re just fine. The risk comes from the banks’ operational processes.” She also noted that July 13 marked the “key event” in which the comment period for the Federal Reserve’s proposed payment system access guidelines ended, arguing that the Fed’s guidelines were partially aimed at cryptocurrencies despite not mentioning the ass...
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Nifty News: Amex and SZA sell out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs

American Express’ first foray into NFTs, a partnership with popular musician SZA, has sold out within hours of kicking off. American Express (Amex) has teamed up with popular neo-soul singer and songwriter, SZA, to enter the NFT market. The duo partnered to drop a set of 14 one-of-one edition NFTs, dubbed “Amex Unstaged x SZA: The Collection,” that depict moments from one of SZA’s recent concerts. Participation in the NFT sale was made available only to Amex users, with the first 10 dropped on July 9, with concert-goer's given exclusive access. The remaining 4 were dropped earlier today and were made available to all Amex users. Each NFT was priced at $100 and all were sold out within hours of the drop. SZA x Amex NFT drop: Fanaply The sale was hosted on the Ethereum-powered Fanaply NFT marketplace. Other big names to have used the Fanapply marketplace are Death Row Records, comedian Joey Diaz, and musician Milky Chance. Asics NFTs on the run Japanese sports footwear ma...
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Coinchange Announces Truly 0% Fee Brokerage and 25% APY DeFi Platform That Is Secure and Regulated

PRESS RELEASE. Toronto–– Coinchange is diversifying its portfolio of offerings with a move into the DeFi space. The High-Yield Account will provide all users with returns of up to 25% per annum on their USDC balances. This unique opportunity is paired alongside Coinchange’s existing fiat gateways and crypto brokerage, which will allow users to buy and sell BTC , ETH , USDC and USDT with 0% trading fees for a limited time. Easy Access to DeFi The Decentralized Finance (DeFi) sector has grown exponentially over the course of the last year, with over $60 billion now locked in DeFi protocols. Investors have been drawn to these new technologies – which can offer double-digit returns – due to low interest rates and the lack of attractive opportunities in the traditional financial sector. However, DeFi can be difficult to access for new users who are not familiar with the blockchain space, crypto wallets, and specialized tools. Additionally, finding the best opportunities requires users...
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Gemini plans to beat Binance through compliance, aims to become 'fastest tortoise' in race

The recent regulatory backlash against Binance could give a competitive advantage to regulated exchanges. Gemini exchange co-founder, Cameron Winklevoss, has stated the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by Bloomberg on July 12, Cameron Winklevoss emphasized the importance of adhering to regulators’ demands, stating that Gemini is “playing the long game:" “We’re trying to be the fastest tortoise in the race. The long game pays off over time.” The comments come as Binance faces increasing regulatory pressure , with the U.K’s. Financial Conduct Authority told Binance that it wasn’t authorized to carry out regulated activities in the country  in late June. A banking blockade followed as several high street banks curtailed their customer’s activities with the exchange. Around the same time, Bloomberg also...
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South Korean Bank Woori Financial to Offer Crypto Custody Services

Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after KB Kookmin Bank and Shinhan Bank. Woori Financial to Develop Joint Venture to Offer Custody Services Woori Financial Group, one of the biggest banks in South Korea, will soon offer cryptocurrency custody services. According to reports from Korea Economic Daily, Woori will establish a joint venture with Coinplug , a blockchain solutions developing company with more than 300 blockchain patents. While South Koreans have traditionally been attracted to cryptocurrency, their regulatory framework forbids them from relying on exchanges for custody. This has spurred interest from banks in stepping up and including cryptocurrency custody in their services. However, from a legal standpoint, banks...
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