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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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3 reasons why traders want to buy the Bitcoin price dip to $58.5K

BTC is retesting major support and resistance zones and analysts believe that the long-term outlook remains bullish if Bitcoin can close above $63,000. Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin ( BTC ) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red today.  Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to $60,500. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what some traders and market analysts are saying about this recent downside move and whether or not it is simply a shakeout or a sign that darker clouds are gathering. BTC is exploring support and resistance levels Insight into BTC's daily price action was offered by options trader and pseudonymous Twitter user ‘John Wick’, who posted the following chart highlighting some important support and res...
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Infrastructure bill can still be remedied: DeFi dev-turned Congress candidate

Matt West, DeFi developer by night and a Democratic candidate by day, believes there is still time to remedy the anti-crypto provisions of the U.S. Infrastructure Bill. The controversial U.S. infrastructure bill was signed into law by President Joe Biden this morning, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers. However, DeFi strategist-turned Democratic congressional candidate, Matt West, believes there is still time to push back. Speaking to Cointelegraph, West said: “My understanding of this bill is that it has been signed, but it hasn't taken effect yet.” The crypto community has taken particular issue with section 6050II of the bipartisan legislation , which makes failing to report digital assets transactions a criminal offence. West, who otherwise supports the bill, says that section 6050II doesn’t make “a whole lot of sense”, citing ...
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LBank Exchange Will List LMCSWAP on November 15, 2021

PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/ USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto are changing its economic landscape dramatically. Limocoin Swap (LMCSWAP) is a token created to allow, by the principle of crypto assets, the evolution of market solutions. The LMCSWAP token will be listed on LBank Exchange at 21:00 (UTC+8) on November 15, 2021, to further expand its global reach and help it achieve its vision. Introducing Limocoin Swap Limocoin Swap is based on a strong community built in four years by one of the subsidiaries of the parent company SIMTREX COMMERCIAL BROKERS LLC, GIT S.A. The premium product Liyeplimal is a private investment tool in the cryptocurrency industry, through ...
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South Korean lawmakers push back against controversial “know-the-sender” rule

If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry. South Korea’s crypto community coul soon face stringent reporting requirements on all cryptocurrency transactions, with the country’s National Assembly currently debating whether “know-the sender” (KTS) rules should be imposed. Arguments against the proposed KTS rule were heard before the Political Affairs Committee of South Korea’s legislature on Nov. 16, with lawmakers and industry experts pushing back against the proposed legislation. If written into law, the KTS rule would stipulate that businesses which receive any crypto assets must verify and report the name of the issuer and their location. In the case of business-to-business transactions, the issuer’s legal status and number of employees must be reported also. Choi Hwa-In of the Financial Supervisory Service (FSS) warned that the local blockchain industry could b...
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Synthetic asset protocol for Polygon raises $1.5M from major investors

Polysynth aims to support trading for 100,000 different synthetic tokenized assets through its “virtual market maker” protocol. Polysynth, a Polygon-based synthetic asset platform, has secured investments from a number of DeFi venture capital firms and angel investors. The team announced a $1.5 million funding round as part of its seed round on Nov. 15, revealing participation from Jump Capital, DeFi Alliance, Hashed, and a number of individuals such as Alan Howard, co-founder of Brevan Howard Asset Management, and Polygon’s co-founders Sandeep Nailwal and Jaynti Kanani. Polysynth stated that it would be using the funding to expand its team of engineers, designers, and marketers, in addition to carrying out security audits for the protocol. The platform is currently in beta, testing just a handful of assets including BTC, ETH, and MATIC perpetual futures. When live on mainnet, the protocol aims to build out derivatives for 100,000 different mainstream and crypto. Polysynth will ...
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AMC CEO Says Bitpay Will Support Shiba Inu — AMC Set to Accept SHIB Next Quarter

The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB to Be Accepted for Payments at AMC Soon AMC CEO Adam Aron announced Monday evening that AMC will soon be able to accept the meme cryptocurrency shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated about 950 theaters and 10,500 screens globally. He tweeted that crypto payment service provider Bitpay has decided to support shiba inu specifically because he asked them to. Therefore, AMC will be able to take SHIB for online payments of movie tickets and concessions in about 60 to 120 days. Aron added that AMC Theatres is set to become the first Bitpay client to accept sh...
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Crypto poses imminent threat to financial stability: Bank of England Deputy Governor

Bank of England's Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak. Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England (BoE) crypto may pose an imminent threat to the traditional financial system. During a Nov. 15 interview with the BBC’s “Today” program, Cunliffe argued that the rapid growth of digital assets and their integration with traditional financial services could soon pose systemic risks, stating: “[Cryptocurrencies] are growing very fast, and they’re becoming integrated more into what I might call the traditional financial system.” “So the point at which they pose a risk is getting closer. I think regulators and legislators need to think very hard about that,” he added. While Cunliffe warned of integrating volatile crypto assets into the mainstream financial system, he dismissed adjacent concerns pertaining to the rise of stablec...
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