BRICS, now with Saudi Arabia, controls 50% of global oil production, challenging the U.S. at 2.1%. De-dollarization risks and geopolitical tensions impact oil markets, creating uncertainty.
Huang BoLaunched in February 2018 with the backing of Venezuela's petrol reserves and priced at US $60 per unit, the petro was intended to provide alternative avenues for international financing amid US sanctions.
AlexThe Cardano Foundation recently announced a strategic partnership with Petrobras, Brazil's leading state-owned oil company. The collaboration focuses on providing blockchain education and exploring technology applications within the energy sector.
JoyThe collaboration explores diverse projects, including digital assets, and the establishment of semiconductor factories in both Japan and Saudi Arabia
Brian
JinseFinanceThe blockchain of Venezuela's official cryptocurrency, the petro, has been facing operational difficulties, with block production halting and wallets being blocked or eliminated.
OthersA hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist.
CointelegraphThe third-largest oil producer in Russia has joined forces with BitRiver, a bitcoin mining business based in Switzerland, to mine ...
BitcoinistThe Russian president did not rule out the possibility that at some point cryptocurrencies will become a "method of accumulation."
CointelegraphThe heavily sanctioned country is struggling to find ways to boost revenue and has raised the possibility of allowing China and Turkey to pay for energy in bitcoin.
Cointelegraph