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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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NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust

Exchange-traded products with exposure to cryptocurrencies are increasingly gaining ground. NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin ( BTC ) exchange-traded products (ETP). In a rule change proposal with the United States Securities and Exchange Commission (SEC), NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust. The proposal clarifies that each share of the trust will be represented by fixed “units of undivided beneficial ownership,” allowing the shares on the stock exchange to reciprocate their value in accordance with Bitcoin's market price.  Moreover, the trust will be operated by two third-party associates serving as the trust’s custodian and administrator and transfer agent. According to the filing: “Under normal circumstances, the Trust’s only asset will be bitcoin, and, under limited circumstances, cash. The Trust will not use derivatives that may subject the Trust to coun...
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Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service

On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours Non-fungible token (NFT) assets have been a hot topic all year long and the trend has continued strong toward the end of 2021. This year well known firms and exchanges like Crypto.com, FTX, and Coinbase have launched NFT marketplaces. Creators have also leveraged markets like Makersplace, Mintable, Rarible, and the leading NFT marketplace Opensea. On November 2, Wyre announced the launch of an all-in-one NFT market solution that provides developers with the tools needed to build an NFT market in less than a day. Wyre is a San Francisco-based payment platform co-founded by Michael Dunworth and Ioannis Giannaros. The firm is backed by businesses like Draper Associates, Digital Currency Grou...
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Blockchain forensics firm Chainalysis opens Australian office

Chainalysis aims to aid crypto and blockchain's already impressive growth in Southern Asia and Oceania. Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users.  Chainalysis, which was valued at US$4.2 billion at its Series E funding round in June , is a blockchain data research platform founded by Jonathan Levin and Michael Gronager in 2014. According to the company’s 2021 Geography of Cryptocurrency report , Southern Asia and Oceania are the fourth-largest crypto market in the world, accounting for $572.5 billion or 14% of all cryptocurrency value transacted between July 2020 and June 2021. According to the report, the transaction activity in Oceania and Central and Southern Asia increased by 706% during the same period. “The Pacific region is quickly becoming a center for cryptocurrency innovation,” s...
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Connecticut jury finds crypto-related products are not securities

Once again, the question of whether digital assets constitute securities is under question. A Connecticut Jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict.  GAW Miners investor Stuart Fraser was cleared of liability in a fraudulent operation co-opted by ZenMiner LLC on Nov. 1.  "It's the first case that we know of where a jury addressed whether cryptocurrency products were securities," one of the defendant’s representatives, Daniel Weiner from Hughes Hubbard & Reed LLP, told Law360.  The case against GAW Miners has been underway since 2017, when co-founder Homero Joshua Garza pled guilty to wire fraud . This left Frazer, a 41% investor in GAW, as the sole remaining defendant in the case.  Initially, GAW sold physical mining hardware but soon teamed up with ZenMining to offer remote management software that allegedly allowed customers to control their mining hardware onli...
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Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs

Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed a first, the rhino conservancy — which is home to over 200 rhinos — together with a blockchain technology firm Virtual Nation Builders, is set to auction the non-fungible tokens at one of South Africa’s biggest NFT marketplaces, Momint. According to a statement released by Black Rock Rhino, the proceeds from the November 11 auction will be used to pay for some of the sanctuary’s day-to-day expenses. “The net proceeds will go towards securing the area, feeding, vaccines as well as the other day to day operating expenditure of the conservancies,” explained the statement. In addition to funding the conservancy’s daily expenses, proceeds from the sale are expected to aid conservationists in their ongoing efforts to reduce the number of rhino dea...
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Solana secondary NFT sales reach half a billion in three months

CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume. Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million. While Solana is seen by some as an ‘ ETH killer ’ the Ethereum blockchain remains the most popular with NFT aficionados and secondary sales on Ethereum topped $2.2 billion that same month. Secondary NFT sales volume on Solana: CryptoSlam Messari research analyst Mason Nystrom highlighted the data via Twitter on Nov. 3, and noted that while Ethereum ( ETH ) still “dwarfs Solana in total NFT seco...
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Unique Ertha Land NFTs Are Flying off the Shelves

The cryptocurrency market is at an all-time high and the NFT world is booming. ERTHA is one of the hottest P2E (play to earn) gaming Metaverse projects and has already achieved incredible product-market fit, while still being in the private NFT sale round. Erthaverse is a 3D virtual representation of a futuristic planet Earth, divided into 350,000 unique land plot NFTs, differing in resources and features. Landowners are joining a persistent, life-like simulation to build their homes, customize their environment, participate in politics, and earn real income by creating and driving the in-game economy. More than 2000 Hexs have already been sold to individual owners in the first few days of the private sale. Saudi Arabia in the Ertha world, representing an oil-rich country in the real Earth, was sold out in a few hours, demonstrating the tremendous hype around owning NFT land in Ertha. The future income and opportunities are the main criteria when purchasing. Investors are acquiri...
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