Scammers posing as Iranian authorities are offering passage through the Strait of Hormuz in exchange for cryptocurrency, Greek maritime risk management firm Marisks has warned. “These messages are a scam,” Marisks said, warning that they did not come from legitimate Iranian authorities, Reuters reported on April 21. Iran’s blockade of the Strait, which it briefly lifted, has closed the vital waterway to hundreds of ships carrying oil and gas, threatening to create energy shortages around the world. Roughly a fifth of the world’s supply of oil and liquefied natural gas must pass through the Strait. In response, the U.S. is blockading Iranian ports. At least one vessel is believed to…
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With Vakt investment, five of the biggest energy companies bet on blockchain
The oil and gas industry is embracing blockchain technology for everything from tracking products to financing sales
With the announcement on Jan. 16 that three major oil and gas firms including Chevron, Total, and Reliance Industries have joined Vakt, the energy-industry enterprise blockchain company now has five of the 10 largest oil firms by market capitalization on board.
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Must-reads for September 23, 2018: Big Bitcoin bugs, big oil, big hacks, and other big wastes of time
Here are the crypto stories you should be watching this weekend
A Major Bug In Bitcoin Software Could Have Crashed the Currency (Motherboard) “On Tuesday, the developers of Bitcoin Core—the software that effectively powers the Bitcoin blockchain—released a new version that patched a vulnerability that allowed a malicious user to crash the network, making everyone’s digital coins effectively useless. The bug has been variously described as ‘very scary,’ ‘major,’ and one of the ‘top three or four’ most serious bugs ever discovered in Bitcoin,” writes Motherboard’s Jordan Pearson. But it’s okay. Everything’s fine now. No need to ever worry about anything ever again. Now where’s our Xanax? These Oil Traders Are Trying to Overhaul the Industry With a Blockchain Venture…
