Oil

The post Oil Art Is Leading the Crypto Art Market with Its High-Performing Token ($OIL) For Investors appeared first on Coinpedia Fintech News Oil Art, a revolutionary and innovative crypto art project, has taken the industry by storm with its high-performing token ($OIL). Crypto art is one of the crypto industry niches with high potential for investors. According to a report by Credence Research, the crypto art market is estimated to grow from $5.5 billion in 2021 to $7.32 billion…

San Francisco, CA, US, September 11th, 2024, Chainwire Plume Network, the first modular EVM chain built to bring any real world asset (RWA) onchain, is proud to launch on Plume the Mineral Vault fund (“Mineral Vault”) of the Allegiance Oil & Gas family of companies, which holds over $1 billion in assets under management (AUM). This deployment simplifies the complexities of mineral interest management while also opening new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi…

India has made a bold move by completing an oil transaction with the UAE using the XRP Ledger. This game-changing event raises the question: could altcoins see a surge in popularity as a result? Read this article to learn more. India's recent crude oil transaction using local currencies, bypassing the US Dollar, marks a significant shift in global trade dynamics. This development is integrated with the XRP Ledger System's CryptoTradingFund (CTF), allowing customers to earn CTF tokens as cashback on…

The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), has showered praise on Bitcoin and Ethereum, calling them “digital gold” and “digital oil,” respectively.  ICBC had high praise for Ethereum, stating that it had established itself as “digital oil” capable of powering an array of applications across the Web3 ecosystem.  Praise For Bitcoin And Ethereum  The comments were made in an in-depth analysis of the cryptocurrency ecosystem that highlighted the growing diversity and rapid evolution of cryptocurrencies.…

The post Invest Smart with CRUDO Token: The Next Big Thing in Oil Market Innovation – Presale Alert! appeared first on Coinpedia Fintech News Are you ready to seize a groundbreaking investment opportunity that promises to reshape the oil market? Look no further than Crudo Protocol and its revolutionary CRUDO Token! As the commodities market experiences rapid evolution, Crudo Protocol is leading the charge with cutting-edge blockchain technology, bringing transparency, security, and efficiency to an industry traditionally plagued by complexity…

Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to speed up its use of crypto, particularly USDT, the largest stablecoin by market capitalization, to circumvent US sanctions. The Venezuelan oil company gradually started integrating USDT for oil sales in 2023, and reportedly has a new policy in place mandating new customers to have a digital wallet holding cryptocurrency. Venezuela Turning to USDT for Oil Exports According to Reuters, PDVSA’s intention to accelerate USDT usage for crude and fuel…

On April 20, crude oil incurred a momentous price decline by 99 percent. This unexpected decline increased the difficulties posed by the coronavirus pandemic. The difficulties are more in nations where fuel is 90 percent of all exports. Due to correlation among traditional assets, the swift decline affected gold and SPX. However, when we examined the cryptocurrency markets, it was discovered that on the same day, Bitcoin incurred a 4.9 percent decline. Bitcoin experienced rejection at $7.2k price level. As at the time…

On March 9, 2020, a report by CNBC showed that the cryptocurrency industry lost more than $26 Billion in a day, after the recent oil prices collapse, which dropped by almost 30%. Cryptocurrency holders rushed to sell off their stocks after North Sea’s extracted oil benchmark Brent Crude’s futures fell by 34% to sell at $27.34 a barrel, recording its lowest price in four years. Bitcoin, the leading cryptocurrency by market capitalization, crashed by 8%, together with significant altcoins, including…