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Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro

News Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR). Venezuelan President Nicolas Maduro has signed a decree to sell 4.5 million barrels of oil from the certified 30 million-barrel reserve maintained by Petr..

Crypto Community Eyes US–Iran Crisis As Tensions Flare

Analysis For one week, the Iran–United States military crisis gripped the crypto community. It began on Jan. 3 with a U.S. drone strike on a convoy traveling near Baghdad International Airport, killing Iranian major general Qasem Soleimani of the Islamic Revolutionary Guard Corps. The price of Bit..

Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US

Analysis Earlier this week, the world’s flagship crypto asset saw its value surge from around the $8,000 mark to just over $8,430 within an hour’s time. This latest price action came after the Iranian government decided to launch a missile attack on an Iraqi military base housing American troops. ..

Bitcoin Price Seemingly Gains Macro Asset Status Amid Iran Crisis

Late last week, the world found itself embroiled in its latest conflict: a spat between the U.S. and Iran. For those who missed the memo, on Thursday last week, U.S. officials revealed that Iranian General Qassem Soleimani (deemed to be the country’s second most important leader, at least from a mi..

SEC-Licensed Broker-Dealer BitOoda Secures $7M Seed Funding

News United States-based cryptocurrency brokerage BitOoda has secured $7 million funding from major investors including former senior investment exec at JPMorgan. Founded in 2017, BitOoda positions itself as a digital asset financial services platform that combines digital finance and applied scie..

Oil and Gas Consortium Is 1st to Apply DLT to Industry Balloting

News A group of 10 major global oil and gas firms including heavy-hitters like Chevron and Shell has successfully digitized industry balloting using blockchain. The Oil & Gas Blockchain Consortium (OOC) successfully piloted a blockchain-based system for Authorization for Expenditure (AFE) ballotin..

Venezuelan Despot Maduro Says He Has Oil Coming for Petro Cryptocurrency

When a nation acts out on the international stage, world powers can apply punitive pressure by leveling sanctions against the offender. The current Venezuelan government knows this dynamic well, as corruption and a humanitarian crisis under Venezuelan President Nicolás Maduro has led the U.S. and o..

Ripple Criticized for Alleged Misrepresentation of Relationship to XRP

News Ripple Labs, the administrator of blockchain payments network Ripple, has come under criticism for allegedly misleading representations that it “discovered” — rather than created — the XRP token. In a series of heated tweets on Oct. 9, Coinmetrics.io co-founder and Castle Island Ventures part..

Australian Startup to Offer 20% Payback on Fuel Purchases in Tokens

News Australian startup Incent plans to offer a 20% payback in its INCNT token on fuel purchases at United Petrol stations for a limited time. Incent announced in a press release published on Sept. 26 that participants will have to sign up on its platform and sync their bank accounts in order to ..

Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields

News A consortium of oil companies including Exxon Mobil, Chevron and Royal Dutch Shell looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields. Oil and waterAs Reuters reported on Sept. 10, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consorti..

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