2021-3-8 13:53 |
Norwegian oil magnate has come out strong in favour of Bitcoin, while Goldman Sachs plans to relaunch its crypto trading desk
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Discussing the latest macroeconomic developments as they relate to Bitcoin, including oil prices and market misconceptions.
2022-3-13 11:30 | |
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2022-3-7 19:48 | |
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Here's what the latest surge in energy prices might mean for the bitcoin market, as the Russia-Ukraine conflict sends crude oil over $115 a barrel.
2022-3-4 23:09 | |
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Since the March 13 drop, both Gold and Bitcoin have recovered the entirety of their losses and have created new highs. The price of Oil, however, has yet to recover, currently trading 30% below its March high.
2020-6-4 23:30 | |
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The Bitcoin price reached a bottom on March 13, while oil did so on April 22. Since then, both assets have been moving upwards at a similar pace. While we have previously looked at the correlation between Bitcoin and the S&P 500, we have not done the same for oil.
2020-5-15 20:20 | |
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Bitcoin has been bullish this week, peaking yesterday at over $7,083 on Coinmarketcap and even surpassing $7,200 on several major exchanges. The cryptocurrency declined below $6,900 as of today, but the bullish stance might be supported by surging oil prices.
2020-4-5 19:00 | |
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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.
2020-2-20 20:28 | |
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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.
2019-11-18 12:55 | |
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Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries.
2019-11-14 14:07 | |
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Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a 48-hour deadline to send the money.
2019-11-13 14:00 | |
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The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46. 9bn in 2019, compared to Apple’s $21.
2019-11-4 17:00 | |
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The “crypto valley” in Switzerland is based in Zug. Zug is a small tax haven hamlet that is not that famous. It is known for harboring the Marc Rich oil trader in the 80s, tech firms that are in the lifetime of Bitcoin and tax shells that were in the 90s. Silicon Valley and Zug […]
2019-10-15 18:41 | |
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Bitcoin is perhaps the fastest growing asset in 2019. Outperforming the likes of a traditional assets such as the S&P 500, stocks, and oil, there is little doubt that Bitcoin is creating its own niche.
2019-10-10 22:30 | |
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Bitcoin (BTC) classifies as digital gold, and Ethereum (ETH) has gained the tag digital oil for its extensive uses and gas fees. The Ethereum platform ranks as the second most used platform after Bitcoin and it shows no signs of slowing down.
2019-10-4 18:29 | |
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U. S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos.
2019-10-3 00:45 | |
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The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed.
2019-9-29 19:35 | |
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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations.
2019-9-28 20:45 | |
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Bitcoin and ethereum may become reserve currencies in Venezuela according to four unnamed people with direct knowledge of the matter. That’s because the state owned oil and gas company, Petroleos.
2019-9-28 17:04 | |
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As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via theRead MoreRead More.
2019-9-27 15:00 | |
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Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank.
2019-9-27 23:00 | |
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The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg reports citing four anonymous individuals close to the matter. According to the report the bank‘s investigation follows a request by Petroleos de Venezuela SA (PSDV) – the country’s state-owned oil and natural gas company – which is apparently looking to send Bitcoin and Ethereum to the central bank.
2019-9-26 18:52 | |
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New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U. S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market.
2019-9-22 11:38 | |
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GuildOne Inc. , a Calgary-based distributed ledger technology (DLT) firm has been contracted by the Offshore Operators Committee (OOC) Oil and Gas Blockchain Consortium which is made up of top companies in the industry, including Chevron and ExxonMobil, to develop a blockchain-based proof-of-concept (PoC) for authorization for expenditure (AFE) balloting in the global oil and gasRead MoreRead More.
2019-9-21 09:00 | |
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The VanEck-SolidX Bitcoin ETF proposal was withdrawn—again—from the SEC’s consideration prior to an October decision. Primer on VanEck-SolidX Bitcoin Shares VanEck-SolidX first submitted its proposal to list and trade shares of the “VanEck SolidX Bitcoin Trust” under commodity-based trust rules with the Securities Exchange Commission.
2019-9-18 03:50 | |
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Bitcoin was trading in negative territory on Tuesday as attacks on Saudi Arabia’s crude oil processing facilities weighed on the global economy. The benchmark cryptocurrency dwindled by $74.
2019-9-17 16:00 | |
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The U. S. -China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs.
2019-9-17 20:55 | |
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The weekend drone attack on Saudi Arabia’s oil production facilities has slashed global oil supplies by five percent, temporarily sending the price of Brent crude up twenty percent. The attack also prompted a one percent rise in the price of gold.
2019-9-16 18:11 | |
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Bitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy supply and renewed tensions in the Middle East. The spot bitcoin rate slipped 0.
2019-9-16 17:00 | |
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The Iranian National Tax Administration (INTA) has announced that cryptocurrency miners in the country will be given a tax exemption if they bring their foreign earnings back into the country, as reported by Financial Tribune, September 12, 2019.
2019-9-12 15:00 | |
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Oil trading tycoon Lim Oon Kuin could have defrauded a bunch of gullible investors without suspecting anything
2019-9-10 19:03 | |
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In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More.
2019-8-8 13:00 | |
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Bitcoin is the best-performing asset of the last ten years. For early investors, this means an ROI of 100,000 percent in ten years. How has Bitcoin performed against other asset classes such as stocks, bonds, precious metals, and oil more recently?
2019-7-29 22:00 | |
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In a recent post shared by Bitcoin. com, arguments have been made in relation to how crypto mining activities can help oil companies reduce both their costs and excess oil, where the latter typically goes to waste.
2019-7-20 23:40 | |
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Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere.
2019-7-19 16:00 | |
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The monumental performance of bitcoin in 2019 has not gone unnoticed by those who invest in traditional assets. BTC has outperformed pretty much all of the other financial investment options on the table by a massive margin.
2019-7-13 13:00 | |
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June is coming to an end and Bitcoin still remains the most profitable asset of 2019 till now. BTC, as a matter of fact, is the best investment of the last decade. In these past six months, the price of the world’s leading cryptocurrency with a market capitalization of $209 billion went from about $3,750 […]
2019-6-29 17:30 | |
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While Bitcoin price itself has begun the inevitable correction, dropping almost 17% since its recent high, investment funds for the asset are still hot potatoes. Grayscale Bitcoin Trust (GBTC) is a prime example as institutional interest has surged more than the asset itself.
2019-6-29 09:47 | |
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На криптовалютной рынке появился очередной форк первой криптовалюты под названием Bitcoin Oil.
2019-6-24 12:31 | |
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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.
2019-6-23 01:30 | |
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By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow.
2019-6-18 23:40 | |
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The comparison between tangible and digital assets has been going on for a long time and is likely to go on, especially since Bitcoin has outperformed most assets in 2019. This includes not just oil and a majority of the S&P index, but also Gold, traditionally used as a hedge against economic risks due to […] The post Bitcoin [BTC] is more politically neutral than gold, says Adamant capital’s Tuur Demeester appeared first on AMBCrypto.
2019-6-15 02:00 | |
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Authorities in China have arrested a man after he reportedly stole electricity from an oil well to mine Bitcoin. The arrest was made after the police received a phone call from Daqing Oilfield, located in Haerken district (Tsitsihar, China) on May 28th.
2019-6-14 15:23 | |
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Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining
2019-6-14 14:00 | |
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Commodities such as Gold and Oil are some mainstream assets which have been outperformed by Bitcoin in 2019. The world’s largest cryptocurrency has had a good 2019, surging by 150% this year after surviving a troubling crypto-winter towards the end of 2018.
2019-6-13 02:30 | |
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The leading cryptocurrency is beating ‘em all! Bitcoin is not only outperforming the traditional assets like gold, oil, and government bonds in 2019 but also remains the king of the cryptocurrency market.
2019-6-8 20:27 | |
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The cryptocurrency market has seen a turn in fortunes over the past couple of weeks with Bitcoin [BTC], the largest of the assets leading the charge in price hike. Analysis has also shown that the BTC growth index was not just significant compared to the cryptocurrency industry, but also when compared to mainstream financial ecosystems.
2019-6-1 14:30 | |
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Tamas Blummer and Turr Demeester spoke about the future path of Bitcoin. Demeester compared the progress to that of the crude oil/petroleum transition of the 1860s. The entire blockchain of Bitcoin is based on a decentralized ledger, secured by the miners that support the network by validating via their system. The miners that validate the […]
2019-5-31 18:14 | |
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By CCN: Adamant Capital’s Tuur Demeester, an outspoken crypto analyst and proponent of Bitcoin, said on Twitter that using the flagship cryptocurrency’s blockchain will eventually be as expensive – and rare – as chartering an oil tanker.
2019-5-31 22:30 | |
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A new mortgage platform (E-Mortgage) will be created on the basis of the bitcoin blockchain in Dubai. Dubai is confidently moving towards the status of the smartest smart city. May be this is Durov who drives the process? Pumping oil, building lands and selling them for bitcoins The current welfare of the Emirates was created […]
2019-5-31 19:32 | |
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