Oil

Thai Energy Ministry Сonsidering the Use of Blockchain in Palm Oil Trade
May 26, 2020 at 08:52
News
Thai Energy Ministry Сonsidering the Use of Blockchain in Palm Oil Trade
Thailand has been very supportive of the development and application of blockchain technology in recent years. Its Energy Ministry is now launching fresh research to ascertain the use of blockchain technology in its palm oil sector.
Digital Currencies Threaten USD Dominance of Global Financial System
May 25, 2020 at 09:55
News
Digital Currencies Threaten USD Dominance of Global Financial System
It is indisputable, the dollar is considered the “global currency” due to its wide usage in global savings, trading key commodities such as oil and issuance and settlement of debts. This might not be the case anymore with the massive disruptions brought about by digital currencies.
Energy Experts Paying Keen Attention to Cryptocurrencies Amidst Heightened Oil Wars
Mar 14, 2020 at 10:08
News
Energy Experts Paying Keen Attention to Cryptocurrencies Amidst Heightened Oil Wars
Dynamics within the global energy markets could define the future of Bitcoin and other cryptocurrencies, not specifically in terms of Demand and Supply. There are ongoing wars within the oil industry largely orchestrated by the fightings between major oil producing countries.
Poisonous Cocktail for BTC Price: Oil, PlusToken Scam, Coronavirus, Bitcoin Halving
Mar 13, 2020 at 09:22
News
Poisonous Cocktail for BTC Price: Oil, PlusToken Scam, Coronavirus, Bitcoin Halving
Multiple Bitcoin price falls on March 12 to $6,040 USD and another fall on March 13 to new lows of $4,563 totaled a 40% price decline in just 24 hours. Both falls were caused by massive and continuous Bitcoin sales.
Panic on the Cryptocurrency Market: Bitcoin Price Falls to $4,859
Mar 13, 2020 at 01:20
News
Panic on the Cryptocurrency Market: Bitcoin Price Falls to $4,859
On March 13, Bitcoin price crashed again reaching one of its lows of $4,563. The price fell by more than 38% in just 24 hours.
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
Jan 04, 2020 at 08:50
News
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.
Venezuela Plans to Use Oil Available in Tanks to Back Petro Cryptocurrency
Nov 23, 2019 at 11:12
News
Venezuela Plans to Use Oil Available in Tanks to Back Petro Cryptocurrency
On Wednesday, President of Venezuela Nicolas Maduro revealed that 30 million barrels worth of oil placed in storage tanks is going to work as the backing for the OPEC nation’s government-owned digital asset known as Petro, that has been going through tougher times including being sanctioned by the U.S government under the leadership of President Donald Trump.
Oil and Gas Giant Shell Jumps to Public Blockchains
Jul 22, 2019 at 12:00
News
Oil and Gas Giant Shell Jumps to Public Blockchains
The British-Dutch oil and gas company Shell becomes the latest big-name entry into the Blockchain space. The company has announced its plans to leverage blockchain technology to tap into the new markets within the Energy Web Foundation (EWF), an enterprise-grade blockchain platform.
Nestlé to Use Blockchain for Milk and Palm Oil
Jul 08, 2019 at 13:21
News
Nestlé to Use Blockchain for Milk and Palm Oil
The Swiss global food and drink firm Nestlé has announced a blockchain-based project that will take shape in the Italian food sector starting with milk and palm oil.
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