OIL

Markets Quiet as Most Major Coins Report Small Gains, Bitcoin Hangs Below $3,500

Feb. 1 — Markets are relatively quiet, as major coins are trading sideways, with most seeing small gains over the…

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the…

More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based…

Maduro’s Promotion of the Petro Yet to Yield Results

Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is…

Fundraiser Aims to Raise $1M in Cryptocurrencies for Venezuelans

A cryptocurrency “airdrop” fundraiser has been launched to help Venezuelans. People are donating funds via a number of different coins…

IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system, according…

Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency designed to counter inflation, has sparked…

Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

Post trade management platform VAKT has launched its blockchain-based processing tool to an initial group of crude oil industry clients,…

Blockchain Oil Trading Platform Backed by Shell and BP Is Now Live

A blockchain platform built by Vakt Global, a consortium venture set up by major firms including Shell and BP, has…

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