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Keep up to date with all the latest news from Coin Rivet. 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. According to a press release shared with Coin Rivet, developers building... Non-Fungible Token (NFT) fever has reached Scandinavia, with Swedish artist and producer Jonas Quant announcing the launch of his first NFT, dubbed DreamFNG. The oil backing the currency is meant to counter volatility, which is a common characteristic of most cryptocurrencies. 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,”. #bitcoin. I go over Bitcoin and crypto market! OilCoin – World’s First Compliant Oil-Backed Cryptocurrency ICO? June 26, 2020 June 26, 2020 admin 0 Comments crypto coin, crypto coin airdrop, crypto free coin, crypto oil coin, crypto OIL Coin Free Airdrop, free crypto oil coin, oil coin, oil coin exchange, oil coin free, OIL Coin Free Airdrop, oil coin price. Selling this i… OilCoin is aiming to digitize the $1.7 trillion global oil market. Oil held a recent advance, and copper is on course for the best week in about two months.Some key events to watch this week:China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures dipped 0.1% as of 9:30 a.m. in Tokyo. OilCoin is a new cryptocurrency that is focused on tokenizing barrels of oil held in reserve. COINBASE & FED “YOU ARE WE THOUGHT YOU WERE”! OilCoin is set to become one of the very first fully-compliant digital currencies backed by highly valuable real-world assets. 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. E-mail is already registered on the site. 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. This means essentially tokenising barrels of oil held in reserve to give increased credibility and price stability to the cryptocurrency. As of August 2018 it does not appear to be used as a currency. It’s a niche worth trillions of dollars. It’s a niche worth trillions of dollars. “How much blood will be on the street b/c of Crude Oil? You entered an incorrect username or password. However, backing the currency with physical reserves triggers risks due to price fluctuations. By signing up, you agree to our terms & conditions and privacy policy. 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. In 2017, crude oil shipments were worth $841.1 billion (just one year after the market collapse of 2016). Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, hit a market value of nearly $100bn (£72.5bn) in its stock market listing. Besides the obvious financial benefits, such a move could help the country combat US influence on the market. 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. Digix (DGX) - Gold-backed. Please use the. supply is not available. OilCoin co-founder Darius Brooks has commented on the benefits of the OilCoin investment: The price of an OilCoin token will approximate and move in tandem with the price of a single barrel of crude oil. 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. Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users! Cryptocurrency coins listed by market capitalization. Hot on the heels of Venezuela’s Petro, it’s time for Russia to launch its own oil-backed cryptocurrency. Today's prices for the top 100 crypto coins including BTC, ETH, XRP, BCH. Its market value is at $4.9 billion, ranking it as the 26th biggest digital coin. Oil companies get coins if they stop being oil companies, basically, leaving their assets in the ground for a century or so. The net result is a weaker dollar and the oil continues to flow. Moreover, it could lead to the appearance of secondary markets for corporate debt and equity issuance. Explore top cryptocurrencies with Crypto.com, where you can find real-time price, coins market cap, price charts, historical data and currency converter. A new project led by a team that includes Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission, however, is aiming to create the world’s first legally compliant oil-backed cryptocurrency. It has a circulating supply of 0 TOCC coins and a max supply of 2 Billion. OilCoin cryptocurrency is the world’s first U.S. based, regulatory compliant digital currency supported by verified oil reserve assets. There are currently no specific details regarding the price of OilCoin tokens, but as the ICO draws nearer it’s likely that OilCoin will release comprehensive ICO information. OilCoin have stated that oil barrel reserves will be audited by the SEC and published on the SEC website. LTC and many more. 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. ... Oil Rebounds As Crypto Makes Gains, Especially Ether. 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”. OMG! Petro as an oil-backed crypto. This means essentially tokenising barrels of oil held in reserve to give increased credibility and price stability to the cryptocurrency. And the consequences of this could be as dire as an oil spill. In the UK, Bilur Energy is a cryptocurrency backed by energy commodities. Keep up to date with all the latest news from Coin Rivet. 2253888 BNB worth of 68,000,000 Dollars were destroyed in this 13th Binance coin quarterly burn. THE world’s largest cryptocurrency exchange surged past oil giant BP to $112 billion on its first day of trading yesterday. This led to the notion of the “petrodollar”, representing any US dollar paid to oil-exporting countries in exchange for oil. Sort and filter by price, market cap, volume, last and change % for each Cryptocurrency. Binance burns BNB coin quarterly regularly. It’s hard to tell since the players aiming to control these cryptocurrencies are the same as those controlling oil resources today. Smaller countries could benefit more from their oil reserves and gain financial independence from the US. Oil lifted on OPEC projections Oil markets rose in a single day and this morning after the US greenback Crude oil is the most exported product in the world. C… Digital coins could provide a way around existing financial sanctions that the US use to control the oil market and, by extension, the countries that don’t accept their global politics. The crypto is getting recycled back to China in the form of goods purchased. All data is displayed in real-time. By signing up, you agree to our terms & conditions and privacy policy. It is trading at $0.1942, which is almost 20% above the lowest level yesterday. Russia is not a member of the OPEC, but is still the world’s second-largest oil exporter. The pillar of this project is the existence of Petro as a state-supported digital coin backed by natural riches of its native country. 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. Top Oil Coin markets A list of the top Oil Coin markets across all crypto exchanges based on the highest 24h trading volume, with their current price. This is not Financial Advice I AM NOT A FINANCIAL ADVISOR The US Dollar is on its way out as the reserve currency. OilCoin, for example, is backed by barrels of oil and complies with existing US regulations and standards for digital currencies. You can find cryptocurrency charts for more than 10100 coins, and access key data such as up-to-date prices, all-time high price, cryptocurrency market cap, trading volume and more. Could oil-backed cryptocurrency adoption change the oil trade and bring more transparency to the market? Miami-Dade County Task Force Is Looking at Ways for Residence to Pay Taxes Using Crypto, UK Hedge Fund Brevan Howard Plans to Invest 1.6% of $5.6B Capital in Cryptocurrencies, Canada Launches First Inverse Bitcoin ETF to Short BTC Futures Without A Margin Account, Microsoft-Led Consortium Invests $1.3B in Largest Decentralized Storage Facility in China to Mine Filecoin (FIL). The most famous oil-backed cryptocurrency is Venezuela’s Petro, but for all the wrong reasons. to Get Trending Crypto News & Bitcoin Market Updates, E-mail is already registered on the site. Another problem that could slow down cryptocurrency adoption in oil trade comes from the cultural gaps between exporter countries. OilCoin enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency with intrinsic value based on oil. GOLDMAN SACHS “COPPER IS THE NEW OIL”! Goldman Sachs copper is the new oil. This coin value is almost 34$. The crypto charts provided by CoinCodex are incredibly flexible – you can watch real-time prices or select between 8 pre-defined time frames, ranging from 24 hours to the entire price history of the coin. 13th BNB burn performed on October 17, 2020, is the most expensive coin burn in Crypto history. OilCoin enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency with intrinsic value based on oil. 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. Use the social share button on our pages to engage with other crypto … Russia is now getting ready to launch its own oil-backed cryptocurrency called Neft-Coin. Maduro’s desperate move to free Venezuela from US control opened up the way for more credible oil-backed cryptocurrencies. The market is pretty stable right now, and that could make any oil-backed cryptocurrency a relatively stable option. Last but not least, there’s the issue of blockchain security. An oil-backed cryptocurrency is one that is backed by the tangible asset of oil and sometimes gas reserves. Daniel Eisner, a member of the OilCoin leadership team, commented on the importance of regulatory compliance in a press release published on the 11th of December: “The creation of an intrinsically valuable digital currency coupled with strict compliance with U.S. securities and commodities laws positions OilCoin to set a new standard for the structure, issuance, transparency and global use of peer-to-peer transferable tokenized value. The oil backing the currency is meant to counter volatility, which is a common characteristic of most cryptocurrencies. Moreover, it’s hard to tell how much the Petro is really worth since governmental sources provide unclear information on the subject. Bankrupt trading firms NYMEX — margin calls not met Futures Commission Merchants Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. To date, the only digital currency officially backed by oil is the Venezuelan Petro, which however is not a cryptocurrency, has no public blockchain and is not tradable on any crypto exchange. Join OIL coin airdrop and get almost 2000 coins. BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Stay tuned. So oil -the most liquid and actively traded commodity and critical energy resource for the global economy. This is meant to disrupt the current oil trade and provide exporters with more benefits. Oil’s bounceback performance seems to be taking the driver’s seat in market activity. Another oil-backed cryptocurrency is the PetroDollar (PDX), also operating under US laws. OilCoin is a new cryptocurrency that is focused on tokenizing barrels of oil held in reserve. Currently, OPEC (Organization of the Petroleum Exporting Countries) state members and Russia are planning a blockchain-based cryptocurrency platform. Please use the Login form or enter another. Waves sells Duck NFT “Perfection” for $1,000,000, Avalanche (AVAX) integrates with The Graph (GRT), Artist Jonas Quant launches Sweden’s first NFT. Russia-based blockchain ecosystem Waves has concluded the sale of an NFT outside of Ethereum with its first Waves Duck called “Perfection”. Moreover, the Neft-Coin could be convertible into crypto-rubles and then into rubles. OilCoin addresses the fundamental criticisms of cryptocurrencies by leading figures in finance, commerce and government regulation.”. Texas Oil Crypto Currency price today is with a 24-hour trading volume of . Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. As countries start launching national currencies backed by such essential assets to the global economy, there’s an increased risk of attacks on the crypto-based platforms that any of these countries put in place. So … Crypto Craft's Coins product is built around established market principles and is designed for commodity traders. The live Crypto.com Coin price today is $0.215460 USD with a 24-hour trading volume of $116,397,725 USD. Digix is an Ethereum-based ERC-20 token and its price per unit is pegged … Trading in gold isn’t a viable option. The Russian oil-backed cryptocurrency would help traders avoid US sanctions, as well as improve relationships with importers that prefer trading with currencies other than USD, such as China and India. B.E.G. Contact us, we are human too. Bank and oil stocks move higher. The direction is clear. The OilCoin initial coin offering is set to launch in the first quarter of 2018. Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, hit a market value of nearly $100bn (£72.5bn) in its stock market listing. It has a circulating supply of 25,263,013,692 CRO coins and the max. As such, Petro can be arguably described as a “politicized” cryptocurrency since its goals go beyond meeting the users’ or markets’ needs. SO the less supply of BNB and continuously growing demand boosts the price of Binance coin. Coinbase IPO rollercoaster. OilCoin cryptocurrency is the world’s first U.S. based, regulatory compliant digital currency supported by verified oil reserve assets. The mainstream press is avoiding the story. THE world's largest cryptocurrency exchange surged past oil giant BP to $112 billion on its first day of trading yesterday. Despite this, the Petro was certainly a game-changer, proving that there was a gap in the market for asset-backed cryptocurrencies. A new cryptocurrency that conforms to SEC guidelines is thus a promising prospect to initial coin offering investors. Coinbase, which crypto fans use to buy and sell currencys such as Bitcoin, opened shares at $381 on the Nasdaq - a steep increase from the $250 reference price. All brought on by American sanctions. 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. The current CoinMarketCap ranking is #26, with a live market cap of $5,443,160,783 USD. Oil-backed cryptocurrencies could substitute the petrodollar, reducing the influence of the US in the oil trade. I… oilcoin is set to launch in the oil backing the currency is meant to counter volatility which. 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