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Bitcoin Slumps as Crude Oil Crashes

Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil. After the oil price crash on Monday, the world’s biggest cryptocurrency […]

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Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US

As tensions between Iran and the U.S. continue to escalate, more and more Iranians seem to be turning toward crypto and BTC. Earlier this week, the world’s flagship crypto asset saw its value surge from around the $8,000 mark to just over $8,430 within an hour’s time. This latest price action came after the Iranian […]

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Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. […]