One of the most successful teams in the history of the NBA – The Los Angeles Lakers – announced an official team sponsorship with Socios.com. Thus, the latter doubled down on its expansion strategy into the US market.

The Lakers Joining The Crypto Space

According to a recent announcement, the leading global blockchain provider for the sports and entertainment industry – Socios.com – will be the presenting sponsor of the Los Angeles Lakers Facebook Group from the beginning of the 2021-22 NBA season.

As part of the collaboration, the platform will launch virtual events for the fans. There, they will get the chance to communicate with each other and even vote on topics related to their favorite basketball team. Tim Harris – President of Business of Operations at the LA Lakers, commented:

“As an organization that places great importance on serving and…

Bitfarms Ltd. (BITF) stock prices were up by 4.09% as of the market closing on October 18^th 2021. This brought the price per share up to USD$5.60. Subsequent premarket fluctuations have seen the stock rise by 1.61%, bringing it up to USD$5.69.

Argentina Mining Facility

October 7^th 2021 saw BITF stock announce the signing of engineering, procurement, and construction (EPC) contracts….

The popularity of Bitcoin has skyrocketed over the past year, following the same trend as its price. As cryptocurrency has become more popular, so has the process of mining for it.

These complex quantitative computations that mining rigs are needed to undertake — thousands of times in a second or even more — in order to reward the miner with a BTC token come at high costs.

While companies are experimenting with solar, nuclear, and geothermal power to make the shift to renewables, the ubiquity and scalability of hydropower are…

When cosmetics company Lush announced it was accepting Bitcoin payments in mid-2017, Management Today considered running a story on it, if only because the headline seemed to write itself (Asset bubble bath, anyone?). We thought better of it. Cryptocurrencies, at the time, seemed the domain of dark web drug dealers, gimmick marketers, swivel-eyed Silicon Valley weirdos and financial hucksters, not serious business.

The hyperbolic claims of crypto’s cheerleaders hardly added to its credibility. It has been described as “the most important invention in the history of the world since the internet” (Roger Ver, one of Bitcoin’s earliest backers), “money 2.0” (billionaire investor Mark Cuban) and, perhaps most memorably, “a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster and…

The long sheds at North America’s largest bitcoin mine look endless in the Texas sun, packed with the type of machines that have helped the United States to become the new global hub for the digital currency.

The operation in the quiet town of Rockdale was part of an already bustling US business — now boosted by Beijing’s intensified crypto crackdown that has pushed the industry west.

Experts say rule of law and cheap electricity in the United States are a draw for bitcoin miners, whose energy-gulping computers race to unlock units of the currency.

“There’s a lot of competitors coming into Texas because they are seeing the same thing (as) when we came here,” said Chad Everett Harris, CEO of miner Whinstone, which operates the Rockdale site owned by US company Riot Blockchain.

China was the undisputed heartland of crypto mining with about two-thirds of global capacity in September 2019,…

(Bloomberg) — President Alberto Fernandez said Argentina is “absolutely” committed to reaching a deal with the International Monetary Fund.

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Fernandez at the same time made clear that his government won’t risk rushing into an agreement if it’s a poor one for Argentines, in comments delivered Friday at the closing of an event with top business leaders.

“We’ll keep discussing until we’re sure we’ll have the resources to make Argentina stand on its own two feet again,” he said. “Only then, will we start paying the debts we’ve inherited.”

The country needs a reduction on the existing interest rates on its debt with the IMF as well as more time to pay back the loan, Fernandez added. Argentina had previously asked the IMF to consider temporary relief on commissions charged to countries that use the lender’s credit lines extensively, as well as…

3 Top Penny Stocks For Your Watchlist with Bitcoin Skyrocketing

With both penny stocks and blue chips climbing on Thursday, investors witnessed Bitcoin’s price shoot up past $61,000. With an intraday gain of roughly 3%, BTC price is on many investors’ minds right now. And as a result, there are plenty of penny stocks to watch that could benefit from the rising price of Bitcoin. In relation to cryptocurrency, penny stocks such as those in the mining, blockchain, or tech industry could be worth watching. 

[Read More] Hot Reddit Penny Stocks to Watch Right Now? Check These 3 Out

And depending on your tolerance for risk, certain industries could be better suited to your portfolio. For example, companies that mine cryptocurrency, are usually the most volatile as they have the largest correlation to the crypto industry. On the other hand, companies working in…