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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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Digital Currency Group sells $700M of shares for investors to take profits

Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round. Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank. DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet, to bring its valuation to more than $10 billion, the company officially announced Monday. “Proud to welcome SoftBank, CapitalG, Ribbit, GIC, Tribe and Emory to an already fantastic list of DCG shareholders. And even more proud of over 1,000 employees of DCG and our wholly-owned subsidiaries that made this happen,” DCG CEO and founder Barry Silbert said . In a Wall Street Journal interview, Silbert emphasized that the investment wasn’t about raising capital for DCG but rather an “opportunity for some for some early investors to exit and take profits.” All the raised money went to the selling shareholders, and none ...
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Burger King serves up free crypto with meal purchases

For the next three weeks, BK customers can enjoy a side of BTC, ETH or DOGE with their Whopper, thanks to a partnership with Robinhood. Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers — offering a compelling sign that appetites for digital assets are growing.  From Nov. 1 through Nov. 21, Burger King customers in the United States who spend $5 or more will be given free crypto, primarily in the form of Dogecoin ( DOGE ), the company announced Monday. A few lucky customers will have the opportunity to win a whole Bitcoin ( BTC ) or Ether ( ETH ). Users must register with Robinhood Crypto to receive the reward. To receive the reward, users must make their purchase on the BK app, website or in-store using a code at participating locations. The crypto rewards will be drawn from a total prize pool of 2 million DOGE, 20 BTC and 200 ETH. Customers can only claim one prize per day. From a business perspective, cryptocurrenci...
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Bitcoin ‘Moonvember’ begins as data shows November is best month for S&P 500

It may turn out to be a race to the finish for both traditional and crypto markets, if historical data is anything to go by. Bitcoin ( BTC ) bulls are betting on a solid month for BTC price action, as November traditionally sees strong gains for United States stocks. Data shows that November has been the best performing month for the S&P 500 since 1985. November 2021 has stiff competition With “Uptober” already the biggest month in terms of gains for Bitcoin in 2021, odds are stocks could act as a catalyst for further upside in “Moonvember.” Median S&P 500 progress in November over the past 35 years has been just over 2% — making it the only month to achieve those median returns. At the same time, over 70% of years have seen positive returns, and Bitcoin’s history is similar. In November, BTC/USD has ended up higher than when it started with the exception of just two years: 2018 (-36.5%) and 2019 (-17.2%). 2020 conversely saw 43% gains, leaving the door open for a rem...
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Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change

As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products and solutions, almost everything comes with a catch, be it exceptional returns on investments or low financing rates. Decentralized finance (defi) is no exception. Defi has gained immense popularity because it sought to remove traditional finance’s (tradfi) inherent problems and downsides. While there is no denying that the emergence of defi has indeed lowered access barriers to financial solutions, we can’t overlook the uncomfortable reality that defi is becoming, at least to an extent, the same as tradfi, with a ‘decentralized’ tag. The Blurring Line Between Defi and Tradfi Lending In the traditional system, anyone who wants to borrow funds from banks or private lenders must furnish their cr...
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NYDIG acquires Bitcoin micropayments firm Bottlepay

Former Goldman Sachs partner NYDIG partook in Bottlepay’s seed funding round in March 2021. Bitcoin ( BTC ) investment firm, New York Digital Investment Group (NYDIG), has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million.  NYDIG had previously participated in the company's $15.4 million seed funding round in February 2021, a raise which was led by British billionaire investor Alan Howard and saw the company valued in excess of $50 million. Utilizing the Bitcoin Lightning Network, Bottlepay’s mobile application service enables users across the U.K. and Europe to transfer small amounts, known as micropayments, of Bitcoin ( BTC ) and traditional fiat currencies such as pound sterling and euro. In March this year, following previous integrations of Discord and Reddit, the digital application announced the integration of Bitcoin payments into social network platform Twitter , enabling account...
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Huobi trials NFT marketplace to further GameFi and metaverse strategy

Huobi previously launched a $10-million fund to invest in projects focused on GameFi, a mix of gaming NFTs and DeFi. Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges. Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation and music, Huobi Group announced on Monday. According to the announcement, the launch marks a milestone in the extension of Huobi’s metaverse strategy, a concept combining multiple technologies such as virtual reality to bring a 3D virtual environment featuring activities like online gaming and others. As part of the strategy, Huobi in September  launched a $10-million fund to invest in early-stage projects involved in GameFi, a mix of gaming-focused NFTs and decentralized finance. The NFT m...
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Twitter flags Squid Game token accounts as price crashes

The Squid Game token was surging despite multiple scam warnings and topped above $2,800 before plummeting to less than $0.01. Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its “official” accounts on the social media platform as suspicious. According to data on CoinMarketCap (CMC), the SQUID token experienced its first downward move on Monday, erasing its entire gains from as much as $2,861 and dropping below $1 in a matter of minutes. At the time of writing, SQUID is trading at $0.0054, down about 99% over the past 24 hours with a trading volume of $13 million. According to CMC, the SQUID token has a “self-reported” market capitalization of $2.8 million at the time of publication. “The CMC team has not verified the project’s market cap,” CMC’s warning reads. The token’s fully diluted market cap is $5 million, down over 99%. SQUID all-time price chart. Source: CoinMarketCap The drop comes shortly after Twitt...
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