Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan as it looks to further expand its presence in the central Asian country.As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan, the firm announced on Tuesday.Canaan is now collaborating with local firms to form a joint-mining business in … [Read more...] about ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
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FC Barcelona, Man City canceled crypto deals show cash is not everything
The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to aid with juicy deals. Numerous partnerships between major sports clubs grabbed headlines over the last year. Even national teams … [Read more...] about FC Barcelona, Man City canceled crypto deals show cash is not everything
Staples Center Name Change Tops List of Crypto Sports Sponsorship Deals
Crypto.com made headlines Wednesday when it bought the naming rights to the iconic Staples Center, home to the Los Angeles Lakers and Los Angeles Clippers of the National Basketball League and the Los Angeles Kings of the National Hockey League. The 20-year deal was worth $700 million, sources tell CoinDesk and the LA Times, making it the most lucrative naming rights deal in … [Read more...] about Staples Center Name Change Tops List of Crypto Sports Sponsorship Deals