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Why Energy Experts Are Watching Crypto as Oil Wars Emerge
11.3.2020
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change
What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status
9.3.2020
“I don’t think any asset is safe right now – except cash, US dollars.”
Oil Price Down After OPEC Deal Failure, Crypto Markets Severely Hit
9.3.2020
Global oil prices plunged more than 26% on Sunday after the OPEC failed to strike a price deal with its allies. Saudi Arabia, the largest producer of crude oil in the world, slashed the oil prices along with planning to increase oil production further to be ready for a possible price war....
Bloody Monday: Bitcoin Price Loses $8K, Oil -30%, DOW Futures Plunge
9.3.2020
Bitcoin price loses the $8K level in a bloody Monday for markets across the board
Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira
8.3.2020
If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also...
USDZ Capital Group Launches USDZ Stablecoin
4.3.2020
Stablecoin is a cryptocurrency pegged to less volatile external assets such as official currencies, precious metals, or oil. The value of a stablecoin can also be pegged to other crypto-assets or fixed by algorithms. Stablecoins retain the same value as the underlying asset and are not subject...
Oil Prices Are Now More Volatile Than Bitcoin
20.2.2020
For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
14.2.2020
Oil companies are trialing blockchain to slash costs and increase security — “More than 40% of executives in oil and gas sector are considering blockchain.”
3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
12.2.2020
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable...
Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt
28.1.2020
Saudi Aramco joins Shell, BP, Chevron and others in using Vakt’s blockchain-based oil trading platform
One of World’s Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment
28.1.2020
Oil-giant subsidiary Saudi Aramco Energy Ventures has made a $5 million investment in Vakt, a commodities post-trade processing platform built with blockchain tech
Notes From the WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin
24.1.2020
Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector
Notes From the WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin
24.1.2020
Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector
Notes From WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin
24.1.2020
Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector
Maduro Opens Crypto Casino in Venezuela
20.1.2020
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in...
Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro
15.1.2020
Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million barrels of oil for Petros
Crypto Community Eyes US–Iran Crisis As Tensions Flare
14.1.2020
As good as gold? Not so fast. “It appears a decent internet connection is crypto’s newest Achilles heel.”
Mediterranean Olive Oil Producer Uses IBM Blockchain to Fight Food Fraud
14.1.2020
Major olive oil producer CHO uses IBM blockchain tech to provide transparency across its Terra Delyssa products
Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US
12.1.2020
The recent geopolitical turmoil between Iran and the United States seems to have pushed Bitcoin-related searches across the Middle Eastern nation to an all-time high
Russian Oil Industry 'Waits' as Medvedev Says Token Regulation Needed
10.1.2020
Dmitry Medvedev. Source: a video screenshot, Youtube, naiumeedlivestream
Russian Prime Minister Dmitry Medvedev has underlined the need for his country to introduce digital asset token regulation at a legislative level, but says Moscow must take time to find a tailor-fit solution.
And there...