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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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Bloomberg strategist explains why 30-year US bonds have 'bullish implications' for Bitcoin

Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting. Despite Bitcoin ( BTC ) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg Intelligence. The financial analyst cited the consistently lower yields offered by the 30-year US Treasury note behind his upside analogy. He noted that if its rate of return persists below 2% , it could enhance the price discovery stage for Bitcoin while posing a competitive advantage for traditional safe-haven assets like gold. #Bitcoin , #Gold & Long #Bonds : Three Amigos for 2H Appreciation? The U.S. Treasury 30-year yield sustaining below 2% has bullish implications for gold and Bitcoin. Unlike the stock market, the old analog store-of-value and new digital version share substantial corrections.. pic.twitter.com/UYanE4sPSb — Mike McGlone (...
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Publishing platform Substack now accepts Bitcoin payments

Substack has more than 500,000 paid subscribers, but Bitcoin payments will first be available to "a select group of crypto-focused publications." An integration with payment processor OpenNode will allow content platform Substack to accept Bitcoin payments on-chain and using the Lightning Network. In a Monday announcement, OpenNode said it had partnered with Substack “to make it easy for writers and publications to get paid in Bitcoin.” According to OpenNode and Substack, the integration will only be available to “a select group of crypto-focused publications” on the platform. The publishing platform, which allows writers to send their work directly to readers, has more than 500,000 paid subscribers, with the most popular writers reportedly earning more than six figures annually. The select Substack readers will be able to pay for their subscriptions in Bitcoin ( BTC ), with certain publications allowed to keep their earnings in crypto as well. Substack product designe...
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El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption

According to Nayib Bukele, there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7. Nayib Bukele, the president of El Salvador and the principal figure behind the country’s adoption of Bitcoin ( BTC ), said residents will have the opportunity to convert their crypto to fiat immediately after Bitcoin is recognized as legal tender.  In a Sunday announcement on Twitter, Bukele said  4.5 million adults in El Salvador would have the option of HODLing their Bitcoin once the country officially accepted the cryptocurrency as legal tender or “withdraw[ing] it in cash at any of the 200 ATMs.” According to the El Salvador president, there will also be 50 branches capable of withdrawing or depositing fiat for residents to hold crypto or immediately liquidate their salaries. Bukele previously said that the government would be building the infrastructure to support a state-issued Bitcoin wallet, called Chivo. The president cl...
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Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats

Weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory. Bitcoin ( BTC ) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains. Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green. Time for another 5.5X BTC price surge? There is no shortage of bullish BTC price indicators this month, with everything from exchange balances to network fundamentals infirmly optimistic mode. MACD, which produced a rare crossover earlier in August, nonetheless adds the potential for upcoming gains to be an order of magnitude larger than what the market has seen so far. As Cointelegraph reported , the metric is a reliable indicator used to determine the overall trajectory of an asset, and Bitcoin has so far been no exception.  The last time that a bullish crossover occurred, BTC/USD saw a 5.5X price increase...
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Visa invests $150,000 in NFT CryptoPunk Asset

Visa has made a sizable investment in the NFT space, acquiring a popular digitally pixelated CryptoPunk. Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a  blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and self-proclaimed NFT enthusiast, shared his views on the value of purchasing NFT assets in the digital economy, the vast growth of the market in the past few years, as well as Visa’s commercial incentives in this investment. Sheffield claimed, “To help our clients and partners participate, we need a first-hand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT.” “The ability to track and leverage a digital asset in multiple environments could mean exciting new opportunities ...
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This time it’s different: When DeFi meets NFTs

The success of future crypto products will depend on their ability to engage both decentralized finance and nonfungible token users. With decentralized finance and nonfungible tokens seeing a meteoric, rise it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the future of innovation. So, let’s take a closer look at the growth of DeFi and NFTs. DeFi is arguably the most prevalent application of smart contracts today. Automated market makers , algorithmic stablecoins and yield farming strategies are the talk of the town. The frenzy took off in early-to-late 2020, a period that the media would fondly recall as the “DeFi Summer.” Then, SushiSwap performed its liquidity mining attack, Yearn.finance instantiated the first “yield farm,” and Uniswap implemented a retroactive airdrop. Related: 2020’s ...
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Upbit reportedly first crypto exchange to file with Korean regulators

Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.” Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU). Upbit reported its digital asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator, Dunamu, announced the news on Friday, The Korea Economic Daily reported . Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit, and reportedly makes up more than 80% of the local cryptocurrency market. FSC vice chairman Doh Gyu-sang said that the authority will be ready to accept more reports from the most popular South Korean exchanges in the near future. The official said that the FSC expects one or two more crypto exchanges to have filed reports by the end of August. T...
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