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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. дальше »
2019-1-19 00:01 | |
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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. дальше »
2019-1-18 11:31 | |
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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. дальше »
2019-1-17 04:00 | |
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Ripple Execs Dismiss Hostile Takeover Rumors
Two key Ripple executives have taken the time to discredit a rumor that has emerged regarding an alleged takeover of the company and its blockchain. Ripple CTO David Schwartz has noted that the rumor makes neither technical nor economic sense. дальше »
2019-1-16 21:32 | |
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Chevron, Reliance and Total Join Vakt Blockchain Based Energy Trading Platform
Many major oil companies such as Chevron, the major Indian refiner Reliance and Total have decided to join the oil blockchain platform Vakt. Vakt is already being used by many companies since last year and it is already launching blockchain pilot schemes. дальше »
2019-1-16 20:46 | |
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Oil behemoths join Shell and friends on energy trading blockchain
The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale. дальше »
2019-1-16 19:12 | |
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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. дальше »
2019-1-16 16:00 | |
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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. дальше »
2019-1-17 16:00 | |
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Ethereum Price Analysis: ETH/USD Up 12.7 Percent, $250 Beckons
Latest Ethereum News After a period of “irrational exuberance” back in 2017 when supposed entrepreneurs were waxing lyrical, drafting artists to oil their white papers and even going overboard by launching a flashy website, the creation of a minimum viable product is what counts. дальше »
2019-1-8 15:00 | |
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Crypto Community, World At Large Is Puzzled At The True Value Of The Venezuela’s Petro Coin
What Is The True Value Of The Petro Cryptocurrency From Venezuela? To-date, the value of the petro—the cryptocurrency from Venezuela that is supported by its oil revenues is yet to be established. This is despite the fact that the cryptocurrency is actually recognized and backed by the Venezuelan government. Government sources who have been questioned […] дальше »
2019-1-4 20:03 | |
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The last resort of failing tech companies is UX design – it won’t save them
Facebook is using billboards to demonstrate their commitment to fighting fake news. Uber is running TV spots to illustrate the company’s commitment to doing good. Once considered disruptors, digital companies are now using the same strategies oil and tobacco companies used back in the ’90s to project the illusion of an optimistic future — while their design teams are still tied to aggressive, revenue-driven, short-term metrics. дальше »
2019-1-1 16:00 | |
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ING Banking Group Expands Blockchain Usability With Komgo And Vakt Initiatives To Rival Bakkt
ING Banking Group Expands Blockchain Usability With Its Komgo And Bakkt Initiatives The Dutch banking group ING is moving towards blockchain technology in 2019. ING aims at expanding programs related to trade and commodity finance related to energy, crude oil, soybeans and other metals. дальше »
2018-12-28 20:38 | |
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The Future of Crypto
When the crypto bull market was still in session, the next big thing for Wall Street was set to be Ethereum futures. Now it seems they’re back on the menu. Futures contracts were originally invented so that farmers and merchants could hedge costs before engaging in a specific venture. дальше »
2018-12-14 03:30 | |
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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. дальше »
2018-12-11 00:00 | |
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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. дальше »
2018-12-10 18:29 | |
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Abu Dhabi Oil Giant Joins IBM to Apply Blockchain for Value Chain Management
CoinSpeaker Abu Dhabi Oil Giant Joins IBM to Apply Blockchain for Value Chain Management IBM joins hands with a state-owned Abu Dhabi Oil Giant, ADNOC. They aspire to implement blockchain for value chain management to boost operational efficiency while cutting on costs. дальше »
2018-12-10 16:25 | |
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IBM and Abu Dhabi National Oil Company (ADNOC) Successful in Blockchain Supply Chain System Pilot
With the recent announcement of the near abandonment of the Organisation of the Petroleum Exporting Countries (OPEC), the major oil producers are already reeling. What has hardly helped matters is the crashing oil prices. дальше »
2018-12-10 06:19 | |
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Putin to Buy Oil with a Cryptocurrency? Is This a Smoke-Screen or a New Era in Financial Geopolitics?
“We need a balanced, fair and diverse system where the dollar plays an important role, but that is not used as a mechanism of coercion against the people because it... The post Putin to Buy Oil with a Cryptocurrency? Is This a Smoke-Screen or a New Era in Financial Geopolitics? appeared first on Trustnodes. дальше »
2018-12-9 19:50 | |
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Venezuela to Use Petro Cryptocurrency in International Oil Trade
The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro. дальше »
2018-12-8 12:14 | |
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President Maduro Says Petro Crypto Expected To Be Used To Pay For Venezuela’s Oil Next Year
Venezuela has been struggling with hyperinflation for over five years now, and the economy continues to suffer as a result. Citizens have died of starvation, unable to even buy a meal for their family, while others look outside of the country to find something to eat. дальше »
2018-12-8 02:06 | |
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Shell & BP Are Now Selling Crude Oil on the Blockchain
Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve trade and settlement inefficiencies. Shell & BP Hope Blockchain Will Solve Inefficiencies Vakt is first to market of several pilot schemes which have been in development, which Bitcoinist reported on back in January 2018. дальше »
2018-12-1 04:00 | |
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‘Quantum healing’ is the new snake oil
Holistic healers are increasingly embracing “quantum physics” as the new age answer to all ailments. Because, of course, nobody understands the nuances of advanced physics like someone who eschews a medical education in favor of ancient mysticism from the Kindle province of Amazon. дальше »
2018-12-1 23:08 | |
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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. дальше »
2018-12-1 22:18 | |
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Meet Vakt, First Blockchain-based Platform to Finalize Crude Oil Deals
CoinSpeaker Meet Vakt, First Blockchain-based Platform to Finalize Crude Oil Deals At the helm of an international oil consortium, Shell and BP set up a live blockchain-based platform to secure effective post-trade processes. дальше »
2018-11-30 22:53 | |
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Shell, BP, and big banks launch energy trading platform on the blockchain
The centuries-old, paper-based trading process of the oil and gas industry is getting overhauled, courtesy of the blockchain and an industry consortium including Shell, BP, ABN Amro, ING, and Societe Generale. дальше »
2018-11-29 17:22 | |
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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. дальше »
2018-11-20 22:05 | |
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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. дальше »
2018-11-21 16:48 | |
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Bank Of America Merrill Lynch Analysts: Crypto And Oil Price Slumps Could Indicate A ‘Flash Crash’
The Bear Bellowing Louder: Are We Approaching A Flash Crash? Life is all about falling down and getting up. Economics, unfortunately, ignores such diktats of life. Thus when the price of a commodity starts falling, it can quickly spiral out of control. дальше »
2018-11-17 21:20 | |
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Iran Feeling Heat from SWIFT Sanctions, National Cryptocurrency Ready for Blast-off?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) may have just pushed Iran to the wall in its plans to build a state-issued cryptocurrency, having abruptly ejected several banks from the marginalized Middle-Eastern state under mounting pressure from the US government. дальше »
2018-11-15 11:00 | |
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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. дальше »
2018-11-15 22:00 | |
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Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain
CoinSpeaker Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes. дальше »
2018-11-14 16:05 | |
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Oil Industry Backed Blockchain Energy Platform Launching This Month
Some of the biggest names in the energy sector have come together with equally large banks and financial institutions in order to launch a blockchain based energy commodity platform before the end of the year. дальше »
2018-11-13 16:00 | |
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Daily Byte: Tuesday, November 13, 2018
Ethereum bug found, blockchain platform rolls out for oil, China’s central bank is not impressed with blockchain, and crypto gets into the film industry…again.
дальше »2018-11-14 03:42 | |
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Power Ledger’s Blockchain Energy Projects Set To Power The World Utilizing The Richard Branson Effect
Power Ledger’s Power Projects Set To Use Blockchain To Power The World The world is exceedingly dependent on energy to function. This is estimated to only get worse as the worlds oil reserves dwindle and the shortfall is hardly met by renewable resources. дальше »
2018-11-13 01:36 | |
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Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token
CoinSpeaker Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil. дальше »
2018-11-12 16:15 | |
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Venezuela to Offer Petro Crypto as Oil Unit of Account at Upcoming OPEC in 2019
Petro is the state-backed currency of Venezuela, but they want to expand its use to be applied to oil as well. They are planning to present their option as a “digital currency of oil” at the Organization of the Petroleum Exporting Countries (OPEC) next year, according to a twitter post from PDVSA. The translated tweet […] дальше »
2018-11-10 01:04 | |
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Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019
Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil. дальше »
2018-11-10 23:00 | |
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