Popular article What is bitcoin not pegged to oil

Bitcoin Price Analysis: BTC/USD moving like clockwork
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Bitcoin Price Analysis: BTC/USD moving like clockwork

Date Aug 15, 2018

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating. /5/2014 He's not opposed to investing in *stocks* but try pointing out that a bitcoin is a commodity instead of a currency to a bitcoin proponent and witness how quickly the conversation degrades.

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Cryptocurrency Prices for the 12th of September
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Cryptocurrency Prices for the 12th of September

Date Aug 4, 2018

The petro is pegged to the price of one barrel of Venezuelan oil and is supposed to be backed by oil reserves in a 380-square-kilometer bloc known as Ayacucho I which the …. 1/26/2018In this video we are going to talk about cruel oil and all you need to know to become an expert in trading Oil, one of the most important commodities. . Why easyTrade? Unlimited Reward. easyTrade’s underlying technology also doesn’t cap or restrict your potential. If the market conditions are in your favor your trade will continue to gain throughout the duration of the Trade Time.

Venezuela's President Devalues Fiat Currency by 95%, Pegs
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Venezuela's President Devalues Fiat Currency by 95%, Pegs

Date Aug 7, 2018

Since the national currency is pegged against Petro, it aims to overcome sanctions adopted by the U. S. The country allocated 5 billion barrels of oil to back its cryptocurrency. On May 23rd, Maduro announced that all citizens and companies could purchase Petro in exchange for yuan, rouble, Turkish lira and euro, as well as for Bitcoin, Ethereum. In addition to its revamped infrastructure, the Petro is no longer pegged to just oil. Now, the price of one Petro is based on a complicated mixture of oil, diamonds, gold and iron, according to the whitepaper. It should also be noted that there are no clear figures of the …

MenaPay – The Stablecoin for Daily Payments - 247 Bitcoin
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MenaPay – The Stablecoin for Daily Payments - 247 Bitcoin

Date Aug 13, 2018

This is not a cryptocurrency; this is a forward sale of Venezuelan oil…It is tailor-made for corruption. Following the National Assembly’s announcement, Maduro “called on the people to actively repudiate” the Assembly’s decision to declare the petro illegal, Prensa Latina reported. . According to Kostikov, the new cryptocurrency could replace not just the U. S. dollar, but also the euro and all national currencies in the global oil and gas trade, if it emerges as a global coin backed by oil, gas, and other commodities as opposed to a national coin.

World’s First Bitcoin-Based Oil Market Launched - Will It
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World’s First Bitcoin-Based Oil Market Launched - Will It

Date Aug 17, 2018

Venezuela’s oil-backed cryptocurrency, the Petro, is to be presented to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, as the government pushes for international recognition of its controversial cryptocurrency. The Petro, a digital currency similar to bitcoin, is backed by Venezuela’s oil reserves. However, the currency has been widely criticized internationally, not. Stablecoins can be defined as cryptocurrencies that are pegged to real-world assets such as fiat currencies, gold or oil. As it’s pegged, the value of the stablecoin keeps stable unlike the volatility experienced in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

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Why Countries Peg Their Currency to the Dollar - The Balance
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Why Countries Peg Their Currency to the Dollar - The Balance

Date Aug 10, 2018

Mastercoin is both a new type of currency (MSC) and a platform. It is a new protocol layer running on top of bitcoin like HTTP runs on top of TCP/IP. Its purpose is to build upon the core Bitcoin protocol and add new features, with a focus on a straight-forward easy to understand implementation which allow for protocol and analysis and its

Important Aspects of Stablecoins: The Difference Between
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Important Aspects of Stablecoins: The Difference Between

Date Aug 17, 2018

Stablecoins can be defined as cryptocurrencies that are pegged to real-world assets such as fiat currencies, gold or oil. As it’s pegged, the value of the stablecoin keeps stable unlike the volatility experienced in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Importance of …

Oil Should be Denominated in Bitcoin - bbntimescom
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Oil Should be Denominated in Bitcoin - bbntimescom

Date Aug 18, 2018

1/28/2018Despite an expectation of a higher breakeven, Bitcoin hits close to $ 4000. It is always interpreted that the Bitcoin pricing is congruently driven by the biggest miners, akin to OPEC’s influence on the oil market, in an oligopoly structure.

Here's how Bitcoin Mining is Similar to the OPEC Model of
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Here's how Bitcoin Mining is Similar to the OPEC Model of

Date Aug 16, 2018

1/19/2018Without the huge gains of Bitcoin and some of the altcoins, crypto would not have attracted so much attention, which ultimately is the powerhouse …