Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
Oil and Gas News
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- Explained
Bitcoin is a volatile digital asset, gold is a stable physical store of value, and oil is a key energy resource with geopolitical risks.
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Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.
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Bitcoin’s recent surge over $90,000 has pushed its market cap past Saudi Aramco, solidifying its position among top global assets.
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Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
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BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.
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LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.
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USDT-issuer Tether says it will block payments made to OFAC-sanctioned entities after sources claim Venezuela’s state-run oil company is using USDT to facilitate oil exports.
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Iraq is looking to reduce both pollution and its dependence on fossil fuels.
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Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.
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Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis.
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Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders.
3651 - Market Analysis
Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin?
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Tecpetrol hopes to reduce environmental impact by avoiding gas emissions and generate some additional profits in the meantime.
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The government will spend six additional months reorganizing the entity, which it shut in March 2023.
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