PetroDollar to be Next Oil Backed Cryptocurrency 384

Another oil backed cryptocurrency is getting set to launch it’s ICO in 2018, this time by a New York capital management group calling this new ground in commodities investment.

Commodities Backed PetroDollar Launches in 2018

Signal Capital Management announced the launch of their PetroDollar cryptocurrency (XPD) on March 12. Saying PetroDollars will allow investors to use peer to peer exchanged digital currency backed by the value of crude oil and natural gas instead of “thin air” the management group hopes to launch its ICO by late this year.

According to the group’s white paper each PetroDollar will be backed by a commodities grouping of crude oil, natural gas, and gas assets. The token issuance will be hard capped at 500 million with 450 million to be retained for future sales.

A reported 25 million has already been issued to an affiliated oil company to be sold in order to develop the oil and gas reserves that will back the PetroDollar. The group expects the ICO to raise $700 million.

Their white paper explains how investors will treat the PetroDollar as a currency in order to avoid certain tax obligations and that it is “not expected to be subject to annual tax but instead will be taxed only upon any gains (or losses) from their sale of PetroDollars,”

Further claims are that the cryptocurrency will be “tradeable worldwide outside of the traditional banking system” and that they expect it to be “in (the) Top 20 cryptocurrencies by total market value”

The PetroDollar will use Ethereum services supported by the blockchain in order to handle both crypto and fiat currency transactions according to the white paper.

PetroDollar follows El Petro

As reported by RT news this isn’t the only “globally compliant digital reserve currency” looking to launch an ICO in 2018. OilCoin was formed in 2017 by a team of experts from technology, banking and regulatory commissioners.

With a white paper that reads almost verbatim to that of PetroDollar, OilCoin also promises “favorable tax treatment and return profile for U.S. and non-U.S. investors.”

Both of these announcements come weeks after the launch of the highly criticized Venezuelan oil backed El Petro. President Nicolas Maduro unveiled the Petro in December as a way for state-owned oil companies to buy and sell using digital currency and reportedly raised $735 million from the ICO.

The launch was highly criticized inside and out of the country. The US State Department called it simply a way of circumventing economic sanctions and the Venezuelan opposition party said it was both unconstitutional and illegal.

In addition to the launch of the PetroDollar, Signal Capital is exploring the creation of a cryptocurrency bank to both service PetroDollar investors while offering traditional banking functions as well.

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Bitcoin Association to host Bitcoin SV application development conference in Shenzhen, China on October 24 5050

Bitcoin SV

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it will host a Bitcoin SV application development conference in Shenzhen, China on October 24. Titled ‘Bitcoin SV: Building Innovative Blockchain Applications’, the half-day conference will be hosted in partnership with Chinese Bitcoin SV gaming platform, SatoPlay in the Nanshan District of Shenzhen. With a focus on developing applications for Bitcoin SV, the event will feature sessions led by businesses building directly on its blockchain, including SatoPlay founder Gu Lu and ShowPay founder Sunny Fung. The games industry will be well represented at the event, with the Head of Elder GamesGuo Jia, also set to feature and present on the integration of blockchain technology with the games industry.

Registration is free and open now at: http://bitcoinassociation.mikecrm.com/e86Cr9O

The conference is the latest in a series of developer initiatives Bitcoin Association has hosted across China this year. Last month, Bitcoin Association partnered with Chinese Bitcoin SV wallet company, Dot Wallet, to host the second edition of DotCamp for BSV (following the first edition in January).

In August, Bitcoin Association hosted its inaugural Chinese-language Bitcoin SV DevCon virtually in partnership with CSDNChina’s largest online software developer community, attracting more than 7,000 participants over the weekend-long event. Bitcoin Association also partners with CSDN to host the Bitcoin SV Developer Zone, a dedicated open learning platform on the CSDN website to learn about working on the Bitcoin SV blockchain.

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:

“As our community continues to grow across China, Bitcoin Association are committed to providing opportunities for learning and development to foster further innovation and entrepreneurship on the Bitcoin SV blockchain. This weekend in Shenzhen, we look forward to welcoming developers, entrepreneurs and business leaders from one of the world’s leading finance and technology hubs.”

Also commenting, Gu Lu, Founder of SatoPlay, said:

“The conference in Shenzhen will focus on building applications for the Bitcoin SV blockchain, with some especially interesting presentations from developers in China’s gaming industry. At SatoPlay, we are an open gaming platform that is actively creating game-specific services powered by Bitcoin SV, including on-chain game assets and verifiable on-chain logic. We want to demonstrate what is possible for the gaming industry using Bitcoin SV, with this weekend’s conference set to offer an excellent entry point for those looking to learn more and take their first steps.”

About Bitcoin Association

Bitcoin Association is the Switzerland-based global industry organization that works to advance business on the Bitcoin SV blockchain. It brings together essential components of the Bitcoin SV ecosystem – enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners), and others – working alongside them, as well as in a representative capacity, to drive further use of the Bitcoin SV blockchain and uptake of the BSV digital currency.

The Association works to build a regulation-friendly ecosystem that fosters lawful conduct while facilitating innovation using all aspects of Bitcoin technology. More than a digital currency and blockchain, Bitcoin is also a network protocol; just like Internet protocol, it is the foundational rule set for an entire data network.  The Association supports use of the original Bitcoin protocol to operate the world’s single blockchain on Bitcoin SV.

ExCore’s sale is LIVE 7353

ExCore

ExCore Sales and Impressive Staking

ExCore is a new and rapidly growing cryptocurrency that stands to eliminate inflation. Because there is a finite supply and no new tokens will ever be released, your investment in ExCore will never significantly drop from controllable causes. Right now, ExCore is in the middle of their private sale, but will release their public sale and staking platform next week on October 21. ExCore is a company that all keen investors should keep an eye on.

Private Sale

Today (October 14), ExCore launched their private sale to their whitelisted members. The sale is ongoing and takes place on Bounce, a secure medium used for crypto transactions in presales. It currently is about 25% full, and will go on until 10/17 or until the hard cap of $100,000 is reached.

You can participate via this link: https://bounce.finance/join/swap/3669 and this PASSWORD: excore2020

There are guides in ExCores telegram groups (Link can be found at bottom of this page) that explain in detail how to use the bounce platform.

Public sale

On October 21, the public presale will launch with a hard cap of $800,000 worth of ETH. Everyone will be able to participate in this sale as long as they have a metamask wallet. The minimum requirement for this sale will be 1 ETH, but keep in mind there will be gas fees, so you will need to have some extra in your account.

Staking

On the same day as the public presale, ExCores staking platform will also launch. Their staking platform offers an impressive 550% APY that will come from fees from every transaction on the ExCore network. To stake your tokens, there will be a 1% fee to stake your tokens as well as a 1.5% fee to unstake them, but staking for even just one day will be enough to cover these fees.

Summary

Not only does ExCore make for a great investment with their anti-inflation protocol, but if you also stake your ExCore you will be looking at some very nice returns. ExCore is without a doubt one of the best crypto investment options of 2020 and the sooner you get in, the better rates you will be able to buy at. The ExCore team is currently marketing everywhere they possibly can, so once the word gets out it will no longer be possible to buy tokens at this discounted price.

ExCore Links:

Here, you can find a few very helpful links, but most importantly the link to Github. This verifies the integrity of ExCore through our open source code (that anyone can see!).

Github: https://github.com/ExCoreFinance

Website: https://www.exvault.finance/

Telegram: https://t.me/excorevault

Twitter: https://twitter.com/ExCoreVault

Medium: https://medium.com/@excorefinance

Contract address: 0x87D3646B101977de0D2D58dfC5A70e84767A1909

Staking contract address: 0x28Ea47E0ff753AE99eE5241f468817Db6C476d

Ripio Partners with Circle to Accelerate USDC Stablecoin Adoption Across Latin America 6852

Ripio, a leading crypto company in Latin America, and Circle, a global financial technology firm, today announced that Ripio will leverage Circle’s platform services to support USD Coin (USDC) liquidity and fund flows across its exchange and wallet products. Ripio also unveiled “Ripio Earn,” a USDC yield account that provides a six percent annual interest rate return, available today to Ripio’s more than 500,000 users in Argentina and Brazil.

Global demand for stablecoins has surged over the past six months with USDC growing by nearly 500% year-to-date from just over $400 million in circulation at the beginning of the year to a market cap of more than $2.8 billion today. One of the key drivers has been dollarization. As many currencies continue to strain under macro conditions and show increased volatility, businesses and institutions are pursuing strategies to access US dollars. USDC has emerged as one of the most efficient and effective vehicles in the flight to safety.

One of the regions experiencing the most significant growth in stablecoin demand is South America, where the urging for US Dollars as a store of value -amidst high inflation and devaluation rates, plus fierce capital controls in the case of Argentina- has ballooned over the last couple of years. At Ripio, stablecoin transactions during Q2 2020 increased over 800% compared to the previous quarter.

To service increasing demand for USDC across the region, Ripio is working with Circle in order to implement Circle’s transactional services, business accounts, and platform APIs to support the conversion of local currencies into and out of USDC, manage liquidity and custody funds, and automate associated treasury operations across Ripio’s exchange and wallet products.

Ripio’s newest wallet feature, Ripio Earn, works exclusively with USDC and is available today to customers throughout Argentina and Brazil. The minimum amount to access Ripio Earn is 50 USDC while the maximum placement amount will be 5,000 USDC. The initial interest rate for Ripio’s yield-generating product is 6% annually.

“From crypto traders and investors to freelance workers and small business owners, the rush to stable assets is growing rapidly, and Ripio continues to be at the forefront of this trend with product and services that make the acquisition and usage of ‘crypto dollars’ fast, efficient and low cost,” said Sebastian Serrano, Ripio co-founder & CEO. “The addition of Ripio Earn for our customers in Argentina and Brazil is an enormous leap forward for those who want to participate in the DeFi economy and generate additional income from our interest-bearing accounts. We are very happy to have a partner like Circle with a powerful and flexible stablecoin platform that keeps pace with our rapidly evolving product suite, and shares our vision for a more fair and inclusive financial system.”

“Ripio is a fintech pioneer that continues to be in the vanguard of not only the crypto industry, but also the broader consumer and B2B finance sectors in Latin America,” said Circle co-founder & CEO, Jeremy Allaire. “We are excited to see Ripio take advantage of our platform services to accelerate the adoption of digital dollars and introduce innovative new products like Ripio Earn. From investors to gig-economy workers, the broad availability of digital dollars championed by Ripio promises to increase access to new economic opportunities for many more people than previously possible.”

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully-reserved stablecoin. USDC now stands at a $2.8 billion market cap and is adding nearly $300 million net new digital dollars in circulation every week. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com

About Ripio
Founded in 2013, Ripio offers Blockchain-based products to different segments of the Latin American population, including a digital wallet, crypto brokerage and corporate services for institutional investors. The company is also one of the first crypto companies in the region with a solid compliance department, KYC / AML and transaction monitoring procedures. Ripio aims to democratize access to the new digital economy in emerging markets. Learn more at https://www.ripio.com

Bitcoin Association to partner with Saxion University on Bitcoin SV massive open online courses 7322

Bitcoin Association, the global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has entered into a partnership with Saxion University of Applied Sciences to produce a Bitcoin SV-focused massive open online course (MOOC) This will be the first of an anticipated series of four MOOCs designed to educate about the immense power of Bitcoin’s protocol and how to build applications on the Bitcoin SV blockchain.

The MOOCs, including all assessments, will be offered free of charge, with the first course expected set to be launched in early-2021. The MOOCs will follow a progressive curriculum, beginning first with a Bitcoin Basic Course for decision makers, before moving into further, more technically advanced Bitcoin development courses. While offered by Saxion University, the courses will be available to anyone, from anywhere in the world, on demand at any time. At the end of each online course, participants will be able to take an assessment test to demonstrate their proficiency.

Saxion University has been a leader in the development of blockchain education and research programmes in the Netherlands. In 2019, Saxion established the country’s first blockchain professorship, appointing Dr. Jan Veuger as Professor of Blockchain at Saxion University of Applied Sciences and the leading professor of the newly founded Saxion Blockchain Institute.

The partnership with Saxion University is the latest in a series of Bitcoin SV education initiatives to be announced by Bitcoin Association. Last year, the Association announced its sponsorship of the Cambridge University Metanet Society, which is focused on educating students about Bitcoin SV’s ability to power a new Internet. This year, the Association announced partnerships with two online software development communities – CSDN, the largest IT and software development community in China, with 31 million users; and WeAreDevelopers, a major European development community. In 2020, Bitcoin Association has hosted a pair of Bitcoin SV DevCons – two-day virtual developer conferences, each attracting thousands of participants– to complement a growing online repository of developer resources and programming, including a new Bitcoin SV Wiki to correct misconceptions about Bitcoin.

Bitcoin Association also offers developers the opportunity to put their skills into practice with Bitcoin SV Hackathons, multi-day coding competitions for major cash prizes. The final of the 3rd Hackathon is set to be contested at CoinGeek Live September 30 – October 2 with USD $100K in BSV at stake.

SpaceChain Partners Elecnor DEIMOS to Develop Blockchain-enabled Credit Management and Payment Service for the European Space Agency-funded ECOMI Project 8544

SpaceChain UK Limited (SpaceChain) today announced a partnership with DEIMOS to collaborate under the project ECOMI – E-COMmerce platform for MIcro-geoservices. The aim of the project is to develop an e-commerce platform, store4EO, with blockchain-enabled credit management and payment services. Elecnor DEIMOS is a leader in providing systems engineering, ground segment, mission analysis, satellite integration, satellite navigation, Earth observation (EO), space situational awareness, and launchers. Through this partnership, SpaceChain will develop the underlying blockchain network that supports decentralised and transparent service purchase and distribution.

Funded by the European Space Agency (ESA), the ECOMI project is led by Elecnor DEIMOS to provide EO services to consumers in Europe and ESA partner countries. It also seeks to democratise access to EO services while ensuring secure and transparent credit management. The introduction of blockchain to the space-based e-commerce platform decentralises the distribution of services to consumers and facilitates transactions in a frictionless and transparent manner.

The store4EO e-commerce platform’s goal is to facilitate the delivery of innovative EO services to various industries, the public sector and the general public easily, and securely reinforcing that the utilisation of EO services will become the new norm.

“Our partnership with Elecnor DEIMOS is an important milestone as we collectively uncover new possibilities with e-commerce and enable the commercialisation of EO services,” said Nick Trudgen, Chief Commercial Officer and UK Director of SpaceChain. “Elecnor DEIMOS’ industry-leading engineering solution and knowledge of space, combined with SpaceChain’s expertise in decentralised infrastructure with blockchain provides an unmatched synergy for a reliable solution and unparalleled customer experience.”

EO services coupled with blockchain technology are expected to enrich the industry as more business use cases continue to increase. Redefining the way EO services are distributed is one of the driving forces behind the integration of blockchain in the project while enhancing data processing in the digital and physical supply chains of tomorrow.

“We are redefining how EO services are reaching out to consumers, and are thrilled to team with SpaceChain, given its innovation in integrating blockchain with space technologies,” said Koushik Panda, service strategy manager of ECOMI Project. “Through our shared vision to build a platform economy for EO, we are now one step closer to delivering sophisticated EO services and data to the wider public. Our ultimate goal is to create a more efficient market for EO, and in the long run, enable EO services to address industry issues that were once impossible to surmount.”

White Star Capital Announces the First Close of its $30M Digital Asset Fund 8946

White Star Capital, a global multi-stage technology venture capital investment platform, today announced the first close of its new $30M Digital Asset Fund. The new fund will invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications. The Digital Asset Fund will deploy between $500,000 and $2.0 million in initial investments into 15-20 companies with a core focus in Europe and North America. The team will take a research-driven approach to maximize returns through early access in both equity and tokens. To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts with an aspiration to bridge the gap between Decentralized and Legacy Finance.

The Digital Asset Fund marks White Star Capital’s first specialty fund and will be run by New York based General Partner Sep Alavi and supported by Principals Thomas Klocanas in New York and Sanjay Zimmerman in Toronto. The fund will also benefit from White Star Capital’s extended team in London and Paris, as well as a network of venture partners in Tokyo, Hong Kong, San Francisco and Switzerland.

As an early-stage investor since 2013, Sep has been investing in crypto assets and involved with blockchain companies for the past five years. Previous to joining White Star Capital, he spent 12 years working in capital markets in Paris, Chicago and New York City. Thomas, started his career as a research analyst in the fintech and financial sector at Barclays in London before spending two years at Consensys in New York and consulting for various blockchain projects such as Coinhouse and Blockstack. He joined White Star Capital eighteen months ago. Sanjay joined White Star Capital in Montreal in 2017 and was recently promoted to Principal after completing his MBA at INSEAD in Singapore, Philadelphia and Fontainebleau.

“Digital Assets are gaining adoption, and venture valuations and token round distributions have rationalized, which is an attractive entry point,” said Sep Alavi. “Incumbents are rapidly entering the space and embracing the next wave of innovation. At WSC Digital Asset, we are looking to partner with the next generation of startups building global networks and frictionless business models. We are actively interested in investing in crypto protocols, infrastructure and middleware, privacy, financial, gaming, and social use cases”

While regulation continues to evolve pragmatically and positively around the sector, enterprise and institutional giants like Fidelity, JP Morgan, Facebook, Walmart and Square are embracing blockchain technology at an accelerating pace and this is just the beginning. According to a report by Andreesen Horowitz, startup and developer activity in the space have been growing 53.9% and 74.4% CAGR since 2010.

“White Star Capital’s international footprint and network, as well as our team’s blockchain expertise position us well to make an impact in the digital asset sector,” said Eric Martineau-Fortin, Founder and Managing Partner of White Star Capital. “Our platform and network will give us access to exceptional deal flow from various companies across blockchain use cases.”