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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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Consensys Aims for $3 Billion Valuation in Upcoming Funding Round

Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars in its upcoming funding round. The company would be taking advantage of the bullish climate the industry is experiencing right now to achieve this important milestone. Also, Consensys is flexing its economic muscle by acquiring Treum, developer of Music NFT service EulerBeats. Consensys Aims for Billion+ Valuation in Next Funding Round Consensys, one of the main software providers in the Ethereum ecosystem, is reportedly aiming to achieve a valuation that could reach $3 billion in its upcoming funding round, according to information published by FT. The company, led by Ethereum OG Joseph Lubin, would be aiming to leverage its position in the ecosystem and the brewing bull market to achieve the breakthrough goal. Consensys provides several iconic software offerings in the Ethereum ecosystem, having developed Infura, a service that eases development and deployment of Eth...
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SEBA Bank launches problems for users to earn yield on crypto

Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months. Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yield on their crypto holdings. In an Oct. 13 announcement, SEBA Bank said investors could use its Bitcoin ( BTC ) and Ether ( ETH ) lending services to generate yields as part of its SEBA Earn program. According to the bank, which focuses on offering digital assets, it planned on integrating support for other cryptocurrencies. “As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, DeFi and centralized crypto borrowing and lending,” said SEBA Bank CEO Guido Buehler. SEBA said institutions would be able to earn returns through its staking and decentralized finance, or DeFi, problems, in addition to centralized lending and borrow...
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New Australian ransomware plan allows for seizure of crypto

Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports , these incursions cost the economy $AU1.4 billion (around $US1 billion). The Ransomware Action Plan would give authorities the power to seize or freeze financial transactions in cryptocurrencies that are associated with cybercrime regardless of the country of origin. The government aims to modernize current legislation to make it easier for authorities to try and recover crypto funds stolen by cybercriminals. Home Affairs Minister Karen Andrews said that the new measures were designed to deter the targeting of Australia...
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SEC Commissioner says 'safe harbor' laws would've made ICO problems worse

Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans. Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated the problems seen during the initial coin offering (ICO) boom of 2017 and 2018. Crenshaw made the remarks during the annual “SEC Speaks” event this month, and posted her speech to the SEC website on Oct. 12. The Commissioner argues that the impact on investors and markets would have been far greater if safe harbor provisions were in place at the time: “I think the results would have been even worse for investors and the markets. ICOs and other digital asset offerings raised billions from investors, but most never delivered on their promises. Investors suffered the losses.” “And I think it is not a coincidence that these problematic offerings pre-dated and continued thr...
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Rari Capital doubles TVL to $1B in just two weeks thanks to high yields

The billion-dollar TVL has been driven by massive yields on the DeFi aggregation platform. The total value locked on the decentralized finance protocol Rari Capital has surged past $1 billion. The DeFi lending, borrowing, and yield generating protocol has surpassed the key milestone in TVL according to the app dashboard, and DeFiPulse confirms the all-time high TVL figure, reporting it at $1.09 billion. On Sept. 30, Cointelegraph reported that Rari’s TVL had topped $500,000 so the doubling of collateral has taken around a fortnight. (DeFi Llama meanwhile, estimates TVL at $889M but going up fast.) Rari launched in July 2020 to automate DeFi by optimizing and moving users’ funds to the highest yielding incentives at the time. It gained a certain amount of attention at the time as it was launched and run by teenagers and those just out of their teens. Recent momentum has been driven by a number of liquidity pools offering higher than industry typical returns. It is currently offe...
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U2's manager signs deal to expand Bored Ape Yacht Club to movies, TV and music

Guy Oseary has signed on to represent Yuga Labs in the entertainment sector, with the bored Ape Yacht Club NFT project slated to expand into music, gaming, tv and film. Guy Oseary, the manager of musical heavyweights U2 and Madonna has signed a representation deal with Yuga Labs to expand the Bored Ape Yacht Club (BAYC) NFT project into movies, TV, music and gaming. The move from Yuga Labs comes a month after CryptoPunks creators’ Larva Labs penned a representation deal in Hollywood with the United Talent Agency. Oseary adds BAYC to a list of all star clients which includes, alongside U2 and Madonna, comedian Amy Schumer and the Red Hot Chilli Peppers. Welcome to the club, @guyoseary ! ☠️⛵️ https://t.co/PcUtD67zIF — Bored Ape Yacht Club (@BoredApeYC) October 12, 2021 The announcement was shared via Variety on Oct. 12, with Oseary highlighting that despite the success of the BAYC project, Yuga Labs is still a relatively unknown brand, suggesting that there is plenty of growth...
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For the 1st Time, All ERC20 Tokens Can Be Lent and Borrowed With UniLend’s Upcoming Version 2

PRESS RELEASE. UniLend Finance published their protocol update blog introducing UniLend v2. The Binance Innovation Zone project has earlier this year enabled Lending for every token along with Flash Loans. The team published an initial blog explaining various innovative features in their upcoming version, which will equip UniLend to handle Lending and Borrowing of more than 9000 assets. The protocol went live with the Permissionless listing of any token this august. As a result, it already has more than 25 cryptocurrencies live for Lending and uncollateralised borrowing through Flash Loans. This Major protocol update will equip UniLend to tap into the untapped $1 trillion+ crypto market cap without significant competition. First, let’s take a look at the Key Features of the UniLend V2: Dual Asset Pools – UniLend v2 introduces pools for dual assets similar to the UniSwap liquidity model. Dual asset pools prevent the tokens in a specific pool to be immune to price and liquidity ...
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