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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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Jack in the Box Sues Crypto Exchange FTX for ‘Brazenly and Illegally’ Copying Mascot

Restaurant chain Jack in the Box has sued cryptocurrency exchange FTX alleging that the crypto company “brazenly and illegally copied or derived its ‘Moon Man’ mascot” from its own mascot. The lawsuit details that FTX’s refusal to stop using Moon Man has caused Jack in the Box “considerable economic damage and irreparable harm, including by devaluing the goodwill associated with Jack.” Jack in the Box Says FTX’s Moon Man Is an ‘Inferior Version of Jack’ One of America’s largest hamburger chains, Jack in the Box (JITB), has sued cryptocurrency exchange FTX, co-founded by CEO Sam Bankman-Fried, over its mascot. Jack in the Box operates and franchises more than 2,200 restaurants in 21 U.S. states and Guam. According to a lawsuit filed in the U.S. district court of Southern District of California on Nov. 3, FTX US is accused of copyright infringement, trademark dilution, trademark infringement, false designation of origin, and unfair competition. FTX recently launched a series of adve...
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What is a directed acyclic graph in cryptocurrency? How does DAG work?

A simple guide to explain what a directed acyclic graph (DAG) is in cryptocurrencies, how it is used and how it works. DAG vs. Blockchain Blockchains and DAGs both record transactions on a distributed ledger, albeit through different means.  Below is a quick comparison of the two in terms of benefits and drawbacks: Pros of DAG Suited for microtransactions and high volumes of transactions Eliminates the need for mining equipment Fees may be reduced significantly Lower energy consumption Cons of DAG Vulnerable to attacks due to low volume of transactions  Still in its infancy; has not yet sustained high levels of decentralization  Pros of blockchain Well-established and widely-used by cryptocurrencies like Bitcoin and Ethereum Transparent and unalterable, highly-secure Cost-effective for high-value transactions Cons of blockchain Demanding storage and network bandwidth requirements Large amounts of power consumed High transaction fees At the end...
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How blockchain technology might bring triple-A games to metaverses

For consumers or publishers of AAA games, transacting on a fee-based blockchain would simply be far too costly to bear. Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is that the very things that capture the imagination of the public are the very same things that ultimately degrade the performance of the underlying platforms and raise barriers to entry higher than ever. In this article, I’ll explore the fundamental issues responsible for creating this dynamic with the goal of helping address these issues once and for all. The fundamental problem is that legacy blockchain technology — specifically Ethereum — introduces massive barriers to entry that hinder the ability of the Metaverse to onboard new users. These issues are then exacerbated by the failure to allow users o...
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Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes

With just hours to go, the results of a survey Musk says he will "abide by" demand that he sell 10% of his TSLA holdings. Bitcoin ( BTC ) fan, Tesla CEO and world's richest man Elon Musk says he will sell 10% of Tesla stock (TSLA) — if Twitter tells him to. In a Twitter survey on Nov. 6, Musk entered the debate on United States tax policy by offering to test it with a sale currently worth $23 billion. Twitter tells Musk to sell $TSLA U.S. Treasury Secretary Janet Yellen caused a stir this year by arguing that the government should tax unrealized gains as part of a plan targeting "exceptionally rich" taxpayers. Bitcoin proponents immediately turned out against the proposal, as it implies calculations that are all but impossible to apply to cryptocurrency, aside from moral concerns. Musk, whose portfolio includes Bitcoin, Ether ( ETH ) and Dogecoin ( DOGE ), avoided direct criticism, instead promising to sell 10% of his Tesla stock if the survey results ...
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Bitcoin consolidates right below Fib level that triggered 2013 all-time highs

Technical data contrasts with sideways price action as analyst warns not to sell BTC at $62,000. Bitcoin ( BTC ) continued to track sideways on Nov. 7 amid warnings that now is "not the time" to sell BTC. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView "Not the time to be selling" Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD lingering near $62,000 throughout Sunday. The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down. While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns. "What goes on during a sideways period for BTC like now? Buyers & sellers are exchanging coins with each other. Buyers buy a bit. Sellers sell a bit," Rekt Capital summarized to Twitter followers. "But if you think about where $BTC will go over the next months: You realise now...
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Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to the Tune of $1.2 Trillion The bipartisan infrastructure bill has been a hot topic in recent times and on Friday the bill passed in Congress and now awaits president Biden’s approval. The passing followed weeks of delays and debates as 13 Republicans joined a large majority of Democrats in order to help forward the proposal. BREAKING: The $1.2 trillion infrastructure bill was just passed by the House and will now go to President Biden's desk. They can't stop spending and asset prices can't stop going up. — Pomp 🌪 (@APompliano) November 6, 2021 Bitcoin.com News reported on the bill three days ago when it w...
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Solana surpasses Cardano, Tether to become fourth-biggest crypto worth $76 billion

SOL price reached another record high on Nov. 7, bringing its YTD gains up by roughly 17,500%. Solana ( SOL ) surpassed Cardano ( ADA ) and leading stablecoin Tether (USDT) to become the fourth-largest cryptocurrency by market capitalization. At press time, the net worth of total SOL tokens in circulation was a little over $76 billion, falling only behind Binance Coin's ( BNB ) $109 billion, Ether's ( ETH ) $540 billion, and Bitcoin's ( BTC ) $1.17 trillion. Top ten cryptocurrencies by market cap as of 1330 UTC, Nov. 7. Source: Messari Meanwhile, Cardano and Tether's market cap came out to be $66.39 billion and $74.42 billion, respectively. $100M fund launch boosts SOL's bullish outlook Solana's market capitalization surged as its native token, SOL, rose to yet another record high . On Nov. 7, the SOL price crossed above $262 for the first time in history, primarily owing to a market-wide price rally that saw other top cryptocurrencies ink similar gains...
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