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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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Binance CEO: Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks

The following article was written by CZ, Binance CEO & Co-Founder. DYOR, or do your own research, is a concept I think every investor should know about. It’s as close to a golden rule as anything in the world of crypto, but it applies more even broadly to anything you’re planning to invest in, from Bitcoin and bonds to stablecoins and stocks. Earlier this week, the anonymous developers behind a DeFi project named Squid Game token abruptly performed a “rug pull”, a common scam where the team behind a crypto project takes off with users’ funds. Because these scams are becoming more commonplace as the DeFi space grows, I’d like to take this opportunity to remind users that DeFi is not without its risks, and we hate to see anyone lose their funds due to scams and other cybercrimes. Squid Game Tokens: What Happened and Why? Last week, a cryptocurrency called SQUID began trading on PancakeSwap, a decentralized exchange. It quickly gained traction among users, many of whom thought th...
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Crypto.com supports Cronos cross-bridge mainnet beta launch

The protocol launched its testnet in July 2021 and has since facilitated 1.5 million transactions. Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed due to its Inter-Blockchain Communications (IBC) protocol integration. This will offer accessibility to Crypto.com’s 10-million-strong customer base. Built upon the Cosmos blockchain and powered by Ethermint — a proof-of-authority consensus mechanism — Cronos operates adjacent to the Crypto.org Chain. Epic Day 1 at @cronos_chain ✅ Mainnet Launch ✅ https://t.co/pFc4PzqqHR App integrated ✅ https://t.co/pFc4PzqqHR Exchange integrated ✅ DeFi Wallet integrated ✅ Cronos Bridge live ✅ First CRC20 assets created ✅ #CRO ATH Huge thank you...
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Russia to Change 13 Laws and Codes for Digital Ruble

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC Needs Its Own Regulations Russian lawmakers are planning to begin work on legal changes necessary to implement the digital ruble concept in January 2022. These efforts will commence alongside the launch of an experiment for the central bank digital currency ( CBDC ), the chairman of the parliamentary Financial Market Committee, Anatoly Aksakov, told the Russian daily Izvestia. Aksakov pointed out that at least eight federal laws and five codes — the Civil, Tax, Budgetary, Criminal, and Administrative Code — need to be amended for the digital ruble’s implementation. The new provisions will concern a number of areas such as the powers of B...
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Zimbabwe may be the next country to embrace Bitcoin as legal tender

Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks. Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector. Zimbabwe’s government is considering utilizing Bitcoin ( BTC ) as a legal payments option to meet this growing demand and harness the technology, according to  local news . According to the news, retired Brigadier Colonel Charles Wekwete, the permanent secretary and head of the office of the president and cabinet’s e-government technology unit, confirmed that discussions with businesses are already underway. According to Wekwete, the disadvantages of the decentralized ecosystem include unregistered cross-border transfers, externalization of money, money laundering, and ill-gotten cash flow into subsequent illicit or unlawful actions. He also stated that the authoriti...
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Ethereum back in price discovery as ETH approaches $5K

The world’s second-largest cryptocurrency crossed the $4,700 mark following Bitcoin's rally. Ethereum blockchain’s native asset, Ether ( ETH ), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week. ETH’s price rose by 3.30% in the past 24 hours to $4,770 for the first time in it history as Bitcoin ( BTC )  reclaimed $66,000 , demonstrating the strong positive correlation between the two digital assets. Cryptocurrency correlation table (based on data collected in the last 24 hours). Source: Crypto Watch Inflationary pressure returns Wall Street economists anticipated the U.S. Consumer Price Index to rise to 5.8% in October ahead of the Bureau of Labor Statistics’ inflation report on Wednesday. That would log a step up from the 5.4% tempo recorded in September, the highest since 1990. Additionally, consensus forecasts observed by Bloomberg suggested that the U.S. consumer prices rose ...
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Square Enix Contemplates ‘Robust Entry’ Into Blockchain Games as Part of Business Strategy

Square Enix, one of the biggest developers and publishers in the gaming world, has acknowledged the importance that NFTs and blockchain gaming could have for the future of the company. In its latest briefing session, Square Enix contemplated a “robust entry” into the blockchain games sector as part of its medium-term strategy process. Square Enix to Enter Blockchain Market Square Enix, developers of popular gaming franchises such as Final Fantasy, Dragon Quest, and Kingdom Hearts, has revealed intentions of expanding its business model to now tackle the blockchain gaming market. The company made these remarks in its latest results briefing session on November 5, where Square Enix stated it would make a ‘robust entry’ into the blockchain gaming arena as part of its medium-term business strategy process. In the briefing, Square Enix recognized the change in attitude gamers are experiencing, wanting to have more control over the universe with which they interact. Furthermore, the comp...
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Kazakhstan Senate approves legislation regulating crypto service providers

The country's legislature has passed a law that would impose financial monitoring on crypto platforms. According to new legislation passed by the upper house of the country's national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast.  The new law extends the country's financial monitoring system to cover crypto service providers. The new legislation would also establish a legal institution of public officials. When a firm launches its cryptocurrency trading service or issues digital assets, it would have to notify the Ministry of Digital Development, Innovation and Aerospace Industry in Kazakhstan. The institution will be in charge of conducting a risk assessment, verifying that Know Your Customer and AML regulations are being followed. According to Vlast, Senator Olga Perepechina stated that Kazakhstan's financial monitoring system currently does not cover le...
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