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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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Nomura offers customers token subscription service for a luxury Italian restaurant

Major Japanese financial firm Nomura has today announced a new blockchain token service to buy and trade food dishes at an up-market Italian restaurant. Japan’s largest financial brokerage Nomura Holdings Inc. has launched a subscription service offering customers the opportunity to purchase and trade food dishes at a high-end Italian food delivery service. The blockchain-based security tokens represent four luxury food parcels from Japanese chef Masayuki Okuda. Owner of two established restaurants in the capital Tokyo, Okuda is known for his idiosyncratic cooking style, often presenting his clients with niche delicacies including olive-fed beef and zusayama chicory. Annual subscriptions to the Italian restaurant cost 60,000 yen, which is equivalent to $546, in addition to an up-front membership payment of 3,000 yen ($27.30). According to the service's website, dishes available for customers on the delivery menu include pumpkin ravioli, corn and chicken tortellini, and asparag...
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Cuba set to recognize and regulate cryptocurrency

The country had to temporarily stop accepting cash bank deposits in American dollars due to tighter restrictions set by former U.S. President Donald Trump. The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments. According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide. Some sources claim that the move to allow cryptocurrency as a legal tender has been well received by Cuba’s tech-savvy population as the country had to temporarily stop accepting cash bank deposits in U.S. dollars, given tighter restrictions set by former U.S. President Donald Trump. Struggling economies such as El Salvador have also started mainstreaming Bitcoin ( BTC ) adoption. On Aug. 23, Salvadoran President Nayib Bukele announced the construction of  country-wi...
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China to ‘maintain a high-pressure situation’ on crypto, official says

An official at the People’s Bank of China said that the public should increase its risk awareness and stay away from crypto investments. China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin ( BTC ) and other digital currencies “are not legal tender and have no actual value.” In a local media briefing , Yin Youping, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), said the central bank will maintain a “high-pressure situation” and continue to crack down on digital currency-related transactions. At the briefing session, which was coincidently held during China’s “Financial Knowledge Popularization Month,” Youping stated that digital currency-related transactions are pure investment hype. Youping said that the public should increase its risk awareness and stay away from crypto investments. Despite the government’s continued prosecution of the crypto industry, Youping cited the...
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Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch

A classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Cardano ( ADA ) appears to be heading toward a new record high as its downside move takes the shape of a bull flag. In detail, the ADA/USD exchange rate plunged 16.91% to $2.47 , but the pair’s decline came after a strong move higher, wherein it surged over 120% month-to-date to reach an all-time high of $2.97 on Monday. Therefore, the latest declines have given the impression that Cardano is undergoing a brief pause before it resumes its uptrend. Part of the upside analogy stems from the downward sloping channel itself — two parallel trendlines enveloping the price moves. In addition, the consolidation accompanies falling volumes, indicating a weaker response from traders to pursue the downtrend. As a result, the shape appears like a bull flag , as shown in the chart below. Cardano 4H price chart featuring bull flag setup. Source: TradingView Typically, ...
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Proof of humanity governance will make DeFi fairer, says Harjyot Singh

Cointelegraph interviewed the tech director at Human Protocol to discuss the company’s recent developments and the potential of proof-of-humanity. HUMAN Protocol is a blockchain infrastructure designed to decentralize human labor by supporting the growth of digital job marketplaces. After recently launching on the Ethereum mainnet, the protocol has now gained the capacity to fully automate the lifecycle of data labeling jobs, enabling the collaboration of humans and machines to create and complete a host of real-world, fungible assignments. Working with artificial intelligence and machine learning technologies, users can now be rewarded in HUMAN’s native token, HMT, for the successful completion of anti-bot visual challenges such as the identification of traffic lights in a grid image. This data is then collated and used to support the eradication of biases in the labor markets, promoting a more circular gig economy. For a deeper reflection on these recent announcements and the wi...
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India CBDC pilot may commence in December, says RBI governor

India’s central bank is carefully considering the merits of issuing a digital rupee as CBDC exploration continues to gather steam across the globe. The Reserve Bank of India could commence preliminary central bank digital currency (CBDC) trials before the end of the year. Speaking to CNBC on Thursday, RBI governor Shaktikanta Das said that the central bank was “being extremely careful” in its handling of a potential digital rupee even as its counterparts around the world are exploring their own sovereign digital currencies. According to Das, the RBI’s focus is on examining the potential impact of a digital rupee on India’s financial sector with issues like monetary policy control high on the agenda. On the technical side, the RBI governor also revealed that the central bank was weighing the merits of utilizing a centralized or decentralized ledger for its proposed CBDC. Providing a likely timeline for the next phase of the project, Das remarked, “I think by the end of the year, ...
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Bitcoin traders brace for Fed, options expiry as BTC price clings to $47K

It's an end-of-month showdown for potential Bitcoin price triggers Friday as the Federal Reserve takes to the international stage. Bitcoin ( BTC ) hovered near $47,000 on Aug. 27 as traders took no chances on the day of the Federal Reserve's Jackson Hole summit. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView End-of-month cold feet for Bitcoin traders Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD fluctuating in a range centered on $47,000 during Friday. The past 24 hours saw little action up or down for Bitcoin as market participants awaited cues from both the Fed and the end-of-month options expiry event, this time worth some $2 billion . "Not a very strong reaction at the moment," trader and analyst Rekt Capital commented on price action overnight. "A Daily Close above the high-$47000s would be a positive sign of strength however." In the event, a higher close failed to materialize, with $50,000 still remainin...
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