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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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OlympusDAO developer launches protocol enabling one-to-one stablecoin swaps

Developer 'Ohmzeus' has launched a new protocol allowing stablecoins to swapped at fixed price of exactly one-to-one. A developer working on DeFi darling OlympusDAO has launched a new protocol that seeks to facilitate stablecoin swaps without price curves. On Oct. 26, OlympusDAO developer “Ohmzeus” announced they had launched an experimental project dubbed Range comprising decentralized stablecoin pools that do not use a price curve. The programmer described Range as an “optimistic stablecoin swap protocol” designed to “abandon a pricing curve altogether.” Introducing Range, an optimistic stablecoin swap protocol. (Note: Range is unaudited. Use at your own risk with money you can afford to lose.) Let's run through what it does — Zeus Ω (3, 3) (@ohmzeus) October 25, 2021 The protocol uses “Range Pools,” which assume both of the tokens in a pool are worth an equal value. There are currently six live pools for DAI, LUSD, FRAX, USDC, USDT, and MIM, though the devel...
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Start-up CGU Raises $2.5 Million USD in Third Public Round

PRESS RELEASE. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. One of the co-founders of the project is a crypto-currency, DeFi and blockchain app entrepreneur Sergei Sergienko born in Russia. CGU operates on the principles of uber-economy. Gamers don’t need to spend money on the initial purchase of NFT-characters. The platform rents them out to players in exchange for a share of their daily income. Meanwhile the games themselves reward players with income proportionate to their in-game skill and performance. The open market sale of GCU tokens became the third and final investment round. For context, previously the seed and pre-IDO rounds had ended at $5 million and $10 million respectively. The tokens released during these rounds have a blocking period with a 3 year rights transfer schedule. This means that CGU’s tokens are now on...
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Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest

Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police. However, according to a report by the Sowetan, Shezi — who is now out on bail — is set to return to court on November 24. As previously reported by Bitcoin.com News, Shezi is facing fraud allegations that stem from his failure to honor promises he made to Allan Ledwaba, an investor in the latter’s Global Forex Institute. Although Shezi has repeatedly denied the allegations, Ledwaba and an unnamed investor still went on to file complaints against the bitcoin trader. The filing of these complaints then culminated in the issuing of the warrant for the bitcoin trader’s arrest. The report in the meantime quotes Ledwaba commenting on Shezi’s arrest and his subsequent court appearance. He said: To...
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Pro sports leagues are no longer resisting NFTs: Dapper Labs

Dapper Labs’ head of partnerships said pro sports leagues have opened to their arms to NFTs amid the sector's booming growth this year. Dapper Labs, the firm behind NBA Top Shot, said that pro sports leagues are no longer resistant to exploring nonfungible tokens (NFTs) now that the sector is hot. Speaking at Yahoo Finance's All Markets Summit on Oct. 25, Dapper Labs’ head of partnerships, Caty Tedman, said that the stance of professional sporting organisations suddenly shifted regarding NFTs amid the sector’s booming growth in early 2021, stating: "The conversation has shifted dramatically, where I think there's a little bit of an understanding that there's something here. I meet very little resistance these days that NFTs are a thing." Dapper emerged as a pioneer in officially-licensed sports NFTs when it launched  NBA Top Shot in late 2020. The firm has since inked partnerships with other major sporting franchises including the National Football Leag...
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Stellar partners tap USDC for remittances between Europe and Africa

Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market. The Stellar Development Foundation (SDF) has announced that it will facilitate a new remittance channel between Europe and Africa using the USD Coin (USDC) stablecoin. On Oct. 25, the SDF announced that global payments technology company Flutterwave will use the USD Coin (USDC) stablecoin on the Stellar network to simplify remittances between Africa and Europe. Flutterwave will work alongside Stellar’s principal EU payments partner, Paris-based money transfer operator, Tempo Payments. Olugbenga Agboola, CEO at Flutterwave, commented that it is more expensive to send money to sub-Saharan Africa than to any other region in the world. He added that the new partnership will help to expand the network and “bring all-important, cost-effective money transfer services to African business owners.” Flutterwave claims to have processed more than 140 million transactions worth ove...
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Okcoin reports altcoins drove institutional interest in crypto for 2021

The recent purchasing behavior of institutional investors contrasts with that in 2020 and earlier, when “institutions exclusively favored altcoins that were at least four years old, such as Ether and Litecoin.” Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and tokens in decentralized finance. In a report released on Oct. 26, Okcoin said it had seen a 450% increase in the number of institutional customers on its platform between September 2020 and September 2021, as well as a 124% increase in institutional trading volume over the same period. According to the report, 53% of the purchases institutional investors made in September were for altcoins. In addition, the customers showed “a greater appetite for non-Bitcoin crypto assets” compared to previous years. Specifically, the exchange reported institutions had turned to “younger assets” in 2021, including MiamiCoin (MI...
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Bakkt shares skyrocket after partnering with Mastercard and Fiserv

Bakkt’s share price surged by 120% during Monday’s trading session on the heels of fresh partnerships with global payments firms. The share price of the Intercontinental Exchange-backed crypto services company Bakkt ($BKKT) has surged as it unveiled two partnerships with major global payments firms. On Monday 25 Oct., Mastercard announced it would be working with digital asset platform Bakkt to allow its customers based in the United States to buy, sell and hold digital assets through custodial wallets. On the same day, global payment provider Fiserv also announced a strategic collaboration with Bakkt to offer merchant-facing digital asset services. The news drove a bullish day of trading for BKKT, with the stock rallying by more than 50% outside of regular trading hours from Friday Oct. 22’s closing price of $9.15, before surging a further 120% to close out Monday Oct. 25 at $30.60. While Bakkt’s debut on the New York Stock Exchange saw its share price pull back by 6% to close...
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