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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...
Bitcoin and Oil Rally as US Kills Iran’s Top General in Air Strike
3.1.2020
Bitcoin bounced strongly near the $6,800 support to reclaim yesterday’s losses and attempt a rally above $7.3K
Case Study: Akaru 2019
30.12.2019
In this creative breakdown you will learn how the signature WebGL oil effect of the new Akaru website was created.
Case Study: Akaru 2019 was written by Jeremy Franzese and published on Codrops
SEC-Licensed Broker-Dealer BitOoda Secures $7M Seed Funding
23.12.2019
SEC-registered crypto brokerage BitOoda secures $7 million in funding from investors including former senior investment exec at JPMorgan
Oil and Gas Consortium Is 1st to Apply DLT to Industry Balloting
18.12.2019
A group of 10 global oil and gas firms like Chevron and Shell sees successful pilot for digitized industry balloting using blockchain
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin
7.12.2019
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies...
Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters
25.11.2019
The Thai Excise Department to introduce a blockchain-based tax payback system for oil exporters
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
21.11.2019
Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well
17.11.2019
A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue to install mobile datacenters at oil wells in the U.S....
Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners
15.11.2019
Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a...
US Homeland Security Taps Canadian Blockchain Firm to Track Oil Imports
11.11.2019
DHS has hired Mavennet to track oil imports into the U.S. by retrofitting existing tracking technology with blockchain
Standard Chartered & IFFCO Completed Palm Oil Trade Using Dltledgers Platform
5.11.2019
In a development that could eventually have far-reaching implications for businesses, IFFCO Singapore and Standard Chartered completed a palm oil trade using the blockchain platforms powered by dltledgers. The deal in question was not only about palm oil but also its extracts. However, the more...
Central Bank Blockchains and Corporate Ledgers Are Still Vaporware
4.11.2019
There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some...
Ripple Criticized for Alleged Misrepresentation of Relationship to XRP
10.10.2019
Ripple Labs comes under renewed criticism for its allegedly misleading representations that it “discovered” — rather than created — the XRP token