Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates, Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects. Venezuela is the second country to launch its own national … By tying BlackGold to the OPEC oil supply, we are circumventing the typical effects of the interaction between supply and demand on cryptocurrency, which causes its massive fluctuations.Instead, BlackGold is a way to indirectly invest in new technologies related to oil, amongst other things. Petro’s developers see it as a tool to“revolutionize the world economy” and a project that will use blockchain technology to bring about an end to the centralized financial hegemony and help the countries build a “multipolar world”. As of August 2018 it does not appear to be used as a currency. Cryptocurrencies backed by silver have gained attention because at minimum, the coin will be equal with the spot price of the metal. Chilton, who worked with the SEC for more than seven years, has been an active voice within the cryptocurrency community and was one of the first US government officials to call for increased regulation of digital currencies. Its price has risen by 12.8% in the past 24 hours, bringing its weekly gains to more than 16%. Source | August 31st, 2017 | More than 35 billion barrels of oil are produced each year. Petro Coin (PTR) also known as EL PETRO will be the first government backed Cryptocurrency based on ERC20 Ethereum Token. If you think this number is insane, see what it costs to provide this amount of oil. Besides the obvious financial benefits, such a move could help the country combat US influence on the market. China Oil Crypto Purchases A Game Changer – Rob Kirby Video by Financial Survival Blog China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. to Get Trending Crypto News & Bitcoin Market Updates, E-mail is already registered on the site. PetroDollar has a current supply of 63,993,274.887257. Billions of.. More details . Coins. Bitcoin. OilCoin cryptocurrency is the world’s first U.S. based, regulatory compliant digital currency supported by verified oil reserve assets. Vous pouvez modifier vos choix à tout moment en consultant Vos paramètres de vie privée. Cryptocurrency mining can utilize the surplus fuel that would otherwise be wasted, and the oil and gas industry is a good example of this. An oil-backed cryptocurrency will immediately eliminate the need for commission payments to a third party and will have a stable exchange rate to the ruble. A token is a cryptocurrency that is built on another blockchain, for example a dApp that runs on Ethereum’s blockchain. The petro, or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela. BlackGold as a New Way to Invest in Oil trends . Russia is now getting ready to launch its own oil-backed cryptocurrency called Neft-Coin. Takes part in Financial Directors Club. Stay tuned. Bankrupt trading firms NYMEX — margin calls not met Futures Commission Merchants So oil -the most liquid and actively traded commodity and critical energy resource for the global economy. The Tesla founder thinks that too much concentration among top holders is an issue. Venezuela. Sort and filter by price, market cap, volume, last and change % for each Cryptocurrency. As cryptocurrencies attain peaks and falls, stablecoins are formulated to retain its value by backing into an asset or any fiat money. Dai 24h $ 1.00 +0 ... China and Iran have been among the most proactive nations exploring the cryptocurrency space. Crypto analyst Peter Brandt, argued that Bitcoin is still in a historic bull trend, and he also supports that Bitcoin can be a store of value but is wondering whether the coin can live up to this expectation. An Oil-Backed Cryptocurrency. The economic repercussions of oil going negative are staggering, but just as interesting is what it says about biases in the bitcoin market. The pillar of this project is the existence of Petro as a state-supported digital coin backed by natural riches of its native country. Market highlights including top gainer, highest volume, new listings, and most visited, updated every 24 hours. This is not the first oil-backed digital currency in the works, not counting Venezuela’s El Petro cryptocurrency attempt to skirt U.S. financial sanctions. Announced in December 2017, it is supposed to be backed by the country's oil and mineral reserves, and is intended to supplement Venezuela's plummeting bolívar fuerte currency, as a means of circumventing U.S. sanctions and accessing international financing. PotCoin (POT) Launched in January 2014, PotCoin was one of the earliest cryptocurrencies for the … E-mail is already registered on the site. PetroDollar (XPD) is a cryptocurrency . We are one of the largest investor-owned energy companies in the world. The SEC has recently stepped up efforts to address the growing initial coin offering ecosystem, placing halts on the operation of platforms such as the Munchee ICO and pursuing legal action against the creators of the PlexCoin project. It is trading at $0.1942, which is almost 20% above the lowest level yesterday. It is often referred to as the king of … About PETROLEUM Coin. PETROLEUM price today is $105.66 with a 24-hour trading volume of ?. Every day we work with stakeholders to promote development. Oil lifted on OPEC projections Oil markets rose in a single day and this morning after the US greenback Stablecoins safeguard investors from crash by pegging to any real gold, local currency or even another cryptocurrency. OilCoin cryptocurrency is the world’s first U.S. based, regulatory compliant digital currency supported by verified oil reserve assets. The reason? Each OilCoin will represent one barrel of oil, and is intended to provide investors with a meaningful and provable crypto that is less susceptible to the innate volatility of the cryptocurrency market. The country's president, Nicolás Maduro, revealed that the government would create a "cryptocurrency backed by reserves of Venezuelan wealth – of gold, oil, gas and diamonds" on Dec. 3. BlackGold as a New Way to Invest in Oil trends . Igor Yusufov, a former minister of Energy, affirmed that the coin will be called Neft-coin and will go live shortly after the adoption of the digital assets regulatory framework. In addition to working with the SEC, the OilCoin development team is also working closely with both domestic and global in an attempt to ensure that OilCoin is one of the most trusted and stable cryptos in the world. C… Any Russian oil-backed cryptocurrency will use the lessons learned from Venezuela and will be truly decentralised. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. The cryptocurrency world is bigger than mining, just as the vaguely defined big oil is more than those who extract crude. The company behind the launch, PDX AG, of Zug, Switzerland, states that coins will be supported by certified oil and gas reserves and production facilities. Vous pouvez sélectionner l’option « Personnaliser mes choix » afin de gérer vos préférences. A coin is a cryptocurrency that is the native asset on its own blockchain. Additional information can be found at http://sto-tocc.com/. Oil is the single largest and most commonly traded commodity in the world- the oil market is larger than the GDP of all but 10 of the most wealthy countries globally. OilCoin have stated that oil barrel reserves will be audited by the SEC and published on the SEC website. Venezuela’s Petro (Petromoneda, PTR) has been described as the “national” cryptocurrency since its announcement back in December 2017. The last known price of PetroDollar is 0.02276062 USD and is down -0.52 over the last 24 hours. New York-based investment and holding company PDX AG said on Monday that it had launched a cryptocurrency backed by oil and gas reserves in what it says is the “world’s first globally compliant” oil-backed digital currency.. It’s a niche worth trillions of dollars. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Diamond backed scam. The Crypto.com Coin (CRO) price has rebounded after it declined by more than 17% from Sunday to Monday. Dai 24h $ 1.00 +0.03%. This explains why cryptos have taken off and gold/silver have remained in the dumps. Blog. OilCoin tokens will be issued on the Ethereum blockchain via the ERC20 protocol. Venezuela launched the presale of its own cryptocurrency, the petro, today. Elon Musk said he would support major holders of Dogecoin if they sell their coins. Get an overview of the crypto market, see live prices and charts. OilCoin is aiming to digitize the $1.7 trillion global oil market. Why Have Oil Prices Gone Negative? A new cryptocurrency that conforms to SEC guidelines is thus a promising prospect to initial coin offering investors. The funding to the university – one of 11 universities in partnerships with Ripple – will support academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments. PDX marks the first regulated currency supported by oil and gas reserves. As the name implies this is a cryptocurrency that will be backed by oil and natural gas. Another MoU is signed with the Malta Stock Exchange, to create a platform for trading security tokens. The company is seeing its valuation rise dramatically on private exchanges ahead of the IPO. In May this year, the US Securities and Exchange Commission (SEC) took out an emergency court order against Argyle Coin – which was billed as ‘the world’s first cryptocurrency backed by natural fancy colour diamonds’ – and its associated directors. View crypto prices and charts, including Bitcoin, Ethereum, XRP, and more. You entered an incorrect username or password. En cliquant sur « Tout accepter », vous consentez à ce que Verizon Media et ses partenaires stockent et/ou accèdent à des informations sur votre appareil par l’intermédiaire de cookies et technologies similaires, et traitent vos données personnelles, afin d’afficher des publicités et contenus personnalisés, mesurer les performances des publicités et contenus, analyser les audiences et développer les services. Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, crypto-asset user guides, and latest blockchain updates. B.E.G. So what exactly is an oil-backed cryptocurrency? Digix is an Ethereum-based ERC-20 token and its price per unit is pegged … Dogecoin, a joke cryptocurrency, is rallying again as celebrities and billionaires including Elon Musk and Snoop Dogg post memes and plug the digital coin. The last known price of PetroDollar is 0.02276062 USD and is down -0.52 over the last 24 hours. USD Coin 24h $ 1.00 +0.000463 +0.05%. Help us make a description by answering 5 simple questions. The second PC is from a cryptocurrency mining setup in Vietnam and the user here is running a total of 8 ASUS GeForce RTX GPUs which are cooled by mineral oil. CEO of U.S. The Crypto.com Coin (CRO) price is in recovery mode after it dropped to the lowest level since March 10 yesterday. Interface Public Relations Trading is one of the largest crude oil traders in the world. EXNCE is the current most active market trading it.. PETROLEUM Ethereum -based ERC-20 token is a convenient and instant way to store, buy, sell or transfer investment. Cryptocurrency Name: Petro. OilCoin is set to become one of the very first fully-compliant digital currencies backed by highly valuable real-world assets. Contact us, we are human too. Binance raised $32 million for a stable coin project to provide a cryptocurrency without volatility. Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users! Selling this i… An Oil-Backed Cryptocurrency After implementing the laws, it is believed that Russia will introduce an oil-backed virtual currency. These cryptocurrencies are required to pay for transaction fees and basic operations on the blockchain. #bitcoin. OilCoin – World’s First Compliant Oil-Backed Cryptocurrency ICO? PetroDollar has a current supply of 63,993,274.887257. It has a circulating supply of 0 OIL coins and a max supply of 2 Trillion. OilCoin enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency with intrinsic value based on oil. Please use the Login form or enter another. A coin is a cryptocurrency that has its own blockchain, such as Bitcoin, Ethereum, Litecoin, Ripple. (BNB trades steady at a bear market discount of $10) January 2019. BTC (Bitcoin) and ETH (Ethereum) are examples of coins. Please use the. PDX COIN - A globally compliant digital reserve currency. If you're interested in keeping up to date on the OilCoin project, it’s possible to sign up for email updates via the OilCoin website. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. Each coin is said to be worth the price of a barrel of oil, with the WTI currently trading at around $67 a barrel and having been at a 52-week low of $42.06/high of $72.83. The oil backing the currency is meant to counter volatility, which is a common characteristic of most cryptocurrencies. More than 35 billion barrels of oil are produced each year. Its market value is at $4.9 billion, ranking it as the 26th biggest digital coin. Coins can then be bought and sold on currency exchanges like any other. Because of the COVID 19 outbreak, all markets have been affected, and an unprecedented event that occurred today is that the overall oil prices turned negative for the first time. This factor comes into play more for coins backed by silver than for ones backed by gold. Oil companies get coins if they stop being oil companies, basically, leaving their assets in the ground for a century or so. Read exchange and wallets reviews, as well as the latest crypto news and guides. Elon Musk. The development of the OilCoin project has been performed under the close supervision of U.S. Commodity Futures Trading Commission veteran Bart Chilton, and complies with United States regulations and laws concerning securities offerings. Use your coins on CBD Oil Shop with a special checkout price. There are two different types of cryptocurrency: coins and tokens. Share this article. supply is not available. As demand for OilCoin causes the price of a single OilCoin to rise above the price of a barrel of oil, additional OilCoin will be issued and the proceeds will be invested in additional oil reserves,”. Users are able to generate XPD through the process of mining. As such, Petro can be arguably described as a “politicized” cryptocurrency since its goals go beyond meeting the users’ or markets’ needs. Note: nothing here is financial advice, do your own research thoroughly. Bitcoin is the most widely used cryptocurrency to date. A comprehensive list of all traded Cryptocurrencies available on Investing.com. “How much blood will be on the street b/c of Crude Oil? After implementing the laws, it is believed that Russia will introduce an oil-backed virtual currency. An oil-backed cryptocurrency is one that is backed by the tangible asset of oil and sometimes gas reserves. Igor Yusufov, a former minister of Energy, affirmed that the coin will be called Neft-coin and will go live shortly after the adoption of the digital assets regulatory framework. OIL COIN. Each OilCoin token will be supported by the rights to a single reserve barrel of oil on a one-to-one basis. The OilCoin initial coin offering is set to launch in the first quarter of 2018. Joe Skipper/Reuters. How will this drop affect the cryptocurrency market? It is now valued at more than $4.83 billion. Earn free crypto. Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, has hit a market value of nearly $100bn (£72.5bn) in its stock market listing. Is set to launch its own cryptocurrency, the cryptocurrency companies in world. Of mining research thoroughly, but just as interesting is what it costs to this. Too much concentration among top holders is an issue appear to be popular the. 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