Category Archive : Argentina

Basketball Giant LA Lakers Announced Partnership with Socios to Enhance Fan Engagement

One of the most successful teams in the history of the NBA – The Los Angeles Lakers – announced an official team sponsorship with 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 – – 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 on the Rise Following Development of Bitcoin Mining Facilities – Catching News

Bitfarms Ltd. (BITF) stock prices were up by 4.09% as of the market closing on October 18th 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.

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Argentina Mining Facility

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


Bitcoin Miners Pivot To Hydropower As Environmental Criticism Rises

Some in the cryptocurrency industry have joined the likes of the world’s electrical grid as they hurry to pivot towards renewable energy sources to reduce carbon emissions. The Crypto Climate Accord, based on the Paris Climate Agreements, is a private-sector led initiative that seeks to make cryptocurrency mining completely net-zero emissions by the year 2040.

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…


Cryptocurrencies: the most important invention since the internet?

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…


Opinion | This Is What Will Make Sex Work in New York Safer

When I took my first client as a sex worker in the 1980s, I had no other choice. It was right after the fall of the dictatorship in Argentina. As a young trans woman, I found that sex work was the only way for me to survive, but I faced constant harassment and violence, especially from la policía. So, I left my home to come to the United States, thinking things would be different.

But when I got here, I had no more luck. On top of being trans, now I also struggled with being undocumented and learning English. Once again, I turned to sex work to stay afloat. Within two weeks I was arrested walking down Washington Avenue in Miami Beach; the police laughed at me, misgendered me and left me in a prison cell full of men.

I have spent the last decade of my life fighting for the decriminalization of sex work for adults, to heal all of those times I have been harassed, beaten and raped —…


Impossible to ignore cryptocurrencies: Zimbabwe Finance Minister says

First El Salvador created history by making Bitcoin a legal tender in the country which triggered a Domino effect leading to the likes of Paraguay, Argentina, and Panama also looking to legalize crypto use in their financial sphere.

Now Zimbabwe might also join the growing league as the Finance Minister of the country recently said that it’s impossible to ignore cryptocurrencies at this point. The finance minister Mthuli Ncube said nearly 30% of the country’s youths are invested in crypto-assets and it’s impossible to run away from it. According to a report published in Herald, the finance minister has hinted at possible concessions on the crypto market to promote its use. Ncube insisted on using crypto as an investment asset class rather than a currency. He explained,

Zimbabwe Working on Crypto Regulations?

During his interaction in Dubai, Ncube hinted that the Zimbabwean…


US steps into China’s bitcoin breach

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,…


Argentina ‘Absolutely’ Committed to New IMF Deal, Fernandez Says

(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…


Top Penny Stocks to Watch As BTC Passes $61,000

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…


Argentinian Entrepreneur Tries to Take His Tipping App Global With Lightning Network

Within a week, Catanzaro developed an initial version of Cafecito, which only contained his profile and was linked to MercadoPago, the payments processor of e-commerce giant MercadoLibre, allowing people to send Argentinian pesos to the programmer. Its business model consists of charging 5% of the tip given to the creator, while the payment processor, MercadoPago, keeps another percentage of the total received, Catanzaro said.


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