-
Crypto Startup Trying to Put a Barrel of Oil on Blockchain
The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world’s most actively traded commodity. Now a small crypto startup is trying to persuade the industry to experiment with a different kind of frontier: putting a barrel of oil on a blockchain. The company, Energy Substantiation, wants oil suppliers to help support a digital token tied to physical crude. For decades, ownership of real-world barrels has largely been the preserve of producers, traders and large ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From channelnewsasia.com | 4 hr ago
Coinbase's Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry's Washington campaign to secure industry-friendly policies. Grewal will step down effective immediately, with Molly Abraham, ...
From financefeeds.com | 10 hr ago
The crypto market has stopped trading as an island, and the clearest proof sits in the capital flows that shift every time the Federal Reserve moves on rates, the dollar strengthens, or global risk appetite turns, binding digital assets to the same macro machinery that prices equities and bonds. That link stayed theoretical for much of the last cycle, when ...
From decrypt.co | 11 hr ago
A 20-year-old's cryptocurrency wallet moved more than $122.5 million in just 10 months as part of a scheme to launder money stolen from romance-scam victims, Interpol said, in one of the standout cases from a sweeping global anti-fraud operation. Thai police made two arrests in the case, according to Interpol, which said the operators funneled the proceeds ...
- Story Stats
- Jul 9, 4:25pm | 5 hr ago Posted byFundamental Analysis59
- Instrument:
- 1 traders viewing now
