Bitcoin dumps as Biden supports Israel hitting Iran oil facilities

Bitcoin and altcoins continued their downward trend while crude oil prices jumped as the odds of a wider crisis in the Middle East rose. Bitcoin (BTC) retreated below $60,000 for the first time since Sep. 16 after Joe Biden hinted…

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Will Russia Actually Trade Oil For Bitcoin?

Russia announced a willingness to accept bitcoin in exchange for oil, but will countries actually pay in bitcoin or will they stick to gold?

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Oil giant Exxon Mobil uses Bitcoin to “reduce” greenhouse gas emissions

Exxon Mobil uses excess natural gas to mine Bitcoin from oil wells in North Dakota. The post Oil giant Exxon Mobil uses Bitcoin to “reduce” greenhouse gas emissions appeared first on CryptoSlate.

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Bitcoin Higher as US Ban on Russian Oil Imports Roils Markets

Crypto traders are still evaluating the potential impact of soaring oil prices on bitcoin's price.

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Bitcoin, Oil, Gold, Stocks, Everything Falls

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Fed, oil and record hash rate: 5 things to know in Bitcoin this week

BP says world oil demand peaked in 2019 as central banks make “unconventional” policy the norm — and that’s all good for Bitcoin.

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Market Wrap: As Bitcoin Steadies, Oil’s Turmoil Continues

The bitcoin market has nothing on oil’s volatility in 2020.

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Oil Dropped to Zero Before Bitcoin, but Did Regulators Notice?

Oil futures are the latest casualty this week in the ongoing financial crisis, as prices for U.S. crude futures turned negative for the first time ever. Meanwhile, top cryptocurrency, Bitcoin,...The post Oil Dropped to Zero Before Bitcoin, but Did Regulators Notice? appeared first on Crypto Briefing.

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First Mover: 10 Takeaways for Bitcoin From Negative Oil Prices

Oil futures crashed into negative territory, making bitcoin look like a beacon of stability. But what does the news really mean for the top cryptocurrency?

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Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting.

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Oil Market Shows Why Bitcoin Downtrend is Far From Over

Oil and Bitcoin rebounded in tandem after falling to record lows earlier this week. International benchmark Brent crude surged more than 11 percent to $37. 13 per barrel after its most significant fall since the 1991 Gulf War on Monday.

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Bitcoin, Oil, Gold, Stocks, Everything is Crashing

Bitcoin has seen one of its worst day in a direct response to Italy announcing a lockdown of Milan and Venice. Oil has crashed, down 50% this year and down... The post Bitcoin, Oil, Gold, Stocks, Everything is Crashing appeared first on Trustnodes.

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What is Bitcoin Oil?

It has been a while since a new Bitcoin fork came around. As such, it seems someone decided to create a “fork” which makes very little to no sense whatsoever. Bitcoin Oil is the name, and it appears to be a proof-of-stake currency which will introduce a lot of improvements Bitcoin should have received by […] The post What is Bitcoin Oil? appeared first on NullTX.

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Venezuela Could Set New Precedent for Bitcoin as a Medium of Exchange

Hyperinflation in Venezuela is estimated to have reached a boggling 1. 3 million percent in 2018. To reconcile runaway prices, the wealthy and the technologically savvy have turned to the stock market and cryptocurrency.

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Bitcoin (BTC)’s Present Value Compared to Oil, and the Future

Making comparison shows that the fate of bitcoin is likely going to be like that of oil, from all indications. Bitcoin is the number one cryptocurrency, which attracts a lot of attention and demand not just that it is digital money but that it offers freedom from financial hitches.

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Major Oil and Gas Companies Join New Blockchain Oil Trading Platform VAKT

On January 16, London-based blockchain oil trading platform VAKT announced that oil and gas giants Chevron, Total and Reliance have joined its new blockchain-powered commodity trade platform. VAKT Puts Oil onto the Blockchain VAKT’s mission is “to digitize the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain,” according to its website.

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Platform Launched in Belarus to Allow Users Buy Traditional Assets with Bitcoin

VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.

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Platform Launched in Belarus to Allow Users to Buy Traditional Assets with Bitcoin

VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.

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Bitcoin vs. Traditional Assets: How Does Crypto’s 10-Year Performance Sync Up?

First decade of crypto: How does BTC performance sync with that of gold, tech stocks and oil?

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Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10. 5 cubic feet of natural gas daily, has joined forces with IBM  to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press.

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ADNOC Uses IBM Blockchain in the Oil and Gas Production Value Chain

The Abu Dhabi National Oil Company (ADNOC) is embracing the possibilities of blockchain. The company recently announced a successful partnership with IBM. The two have piloted an IBM blockchain based automated system that integrates the oil and gas production activities across the entire value chain.

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World’s First Blockchain-Based Oil Trading Platform Launched

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018.

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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

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Zimbabweans Use BTC to Pay for Food Hampers Amid Foreign Currency Crisis

Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.

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Stocks, Cryptos, Oil, Gold, Everything is Red

2018 has been one of the worst year for investing in any asset, especially cryptos which have now fallen below a combined market cap of $150 billion. Bitcoin fell below... The post Stocks, Cryptos, Oil, Gold, Everything is Red appeared first on Trustnodes.

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Blockchain Technology-Based Oil and Energy Platform Primed to go Live by 2018 End

A blockchain technology-based platform backed by global oil and energy giants BP, Shell, and Equinor is poised to go live by the end of the year, reports S&P Global, November 12, 2018. Aim to Modernize Physical Energy Post-trade Processes In the 21st-century trade world, the global energy and oil industry still relies a great deal on orthodox and outdated paperwork.

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Blockchain and Artificial Intelligence Can Take the Oil and Gas Industry to Operational and Financial Excellence

The world is becoming more aware of the uses and benefits of blockchain technology with every passing day. The oil and gas industry could also achieve increased financial and operational success using blockchain technology and artificial intelligence.

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Bitcoin Futures Underwhelm Compared to Oil But Remain ‘Statistically’ Successful

Bitcoin futures launched to a huge fanfare in late 2017. But while uptake has been admittedly lackluster so far, the future of BTC futures looks promising. The Future’s Bright Bitcoin futures launched in December 2017, just before the peak of last year’s price bubble.

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US rules cryptocurrencies are commodities in $6M fraud case

The US Federal Court has ruled that virtual currencies (like Bitcoin) are commodities – like coffee or oil. The judgement comes as part of a wider commodities fraud case, involving an (allegedly) illegitimate cryptocurrency called My Big Coin (MBC).

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The Daily: Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update

In today’s edition of The Daily we feature an interesting art exhibition which merges augmented reality technology with oil paintings inspired by Bitcoin and cryptocurrency culture. We also cover updates about the Bitmain IPO, ASX’s “blockchain” deployment and Alexander Vinnik’s extradition case.

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The Daily: Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Year

In Monday’s edition of The Daily we cover the news that Bittrex exchange has invested in a new Malta-based trading platform aimed at institutions, and a research report which predicts that the crypto ATM market will grow by over 50% a year and more.

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Venezuela’s Cryptocurrency Petro Has No Users, No Investors and No Oil to Back It Up

The petro has stirred up a lot of debate among the cryptocurrency community. Some believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions.

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Cryptocurrency, Venezuela’s Answer to Economic Obliteration?

As the Venezuelan people are plunged further into fiscal despair, the Maduro government is attempting to resuscitate the broken economy by pegging the petro, an “oil backed cryptocurrency,” to the bolivar.

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SEC Going Hard After ICO Fraudsters

The US Securities and Exchange Commission (SEC) obtained a permanent penny stock bar and an officer-and-director bar against the founder of a fraudulent initial coin offering (ICO), which actually entered the cryptocurrency market as a cover for funding an oil exploration company in California.

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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.

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SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

The U. S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.

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Mining Round-Up: Steam Game Allegedly Cryptojacks Users, Mining Could be “New Oil” for Kazakhstan

In recent mining news, indie Steam game, Abstractism, has been accused of installing malicious software on its users’ devices to mine XMR; the vice president of the Blockchain and Crypto Technology Association of Kazakhstan has advocated that the country’s administration seeks to foster the local mining industry; and the commissioners of the Franklin Public Utility […] The post Mining Round-Up: Steam Game Allegedly Cryptojacks Users, Mining Could be “New Oil” for Kazakhstan appeared first on Bitcoin News.

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Nick Spanos’s Zap Jolts Real Estate With Blockchain-Based Smart Contracts

New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.

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Bringing IoT and Blockchain Applications Together to Avoid Human Error

ULedger and Fetch. ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria.

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EverMarkets ICO

EverMarkets proposes to offer a trading platform aimed at revolutionizing global derivatives markets. EverMarkets is developing the EverMarkets Exchange (EMX), based on this platform, which will offer futures contracts which give price exposure to underlying assets as varied as crude oil, gold, stock indices, or bitcoin.

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Op Ed: Utility Token? Why You’re Still Better Off as a Security

The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.

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Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.

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SEC Director of Corporate Finance: Ether Is Not a Security

In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.

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