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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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"Copper may be a good example of the low potential for a commodity supercycle, notably versus an advancing bitcoin," McGlone wrote. "It's not that profound to expect one of the best-performing assets of the past decade to keep outpacing the old-guard industrial metal, and we see bitcoin's upper hand gaining
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The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros (PTR), the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these pensioners to access fiat
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“I’m in it for the tech,” is a phrase commonly used in the cryptocurrency ecosystem by many who want to express a deeper motivation for being involved with blockchain technology beyond the significant gains that are known to happen in the volatile asset class. One project that has quietly climbed the
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The idea to seek approval came from one of the country’s major oil and gas companies, which already has a small mining farm using flare gas, but wants to expand it, an unidentified source “close to the Ministry of Industry and Trade” told Kommersant. Russian law, however, currently doesn’t regulate
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The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage blockchain technology for business success. Douglas Heintzman, chief catalyst at
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Russian President Vladimir Putin believes that it's “still premature” to use cryptocurrencies for settling trades of energy resources like oil.The Russian president discussed potential use cases of cryptocurrencies in a Thursday CNBC interview following a plenary session of the Russian Energy Week forum.According to a full interview text published on
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There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector have yet to be settled. But the fixed-income financial instruments that pension funds typically favor —
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A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient
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British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion BuybackBP (LON: BP) announced its Q2 earnings to shareholders, with figures higher than expected. The oil and gas
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