Oil Companies In The Middle East To Use Excess Gas For Bitcoin Mining: Report
Crusoe, a Denver-based bitcoin mining company, is deploying equipment to capture flared gasses in Muscat, Oman.Crusoe, a bitcoin mining company, is deploying equipment in Muscat, Oman to capture flared gas.The Oman Investment Authority in the Middle East was part of an April funding round that saw Crusoe raise $350 million. The MENA region accounts for 38% of the world’s flared gasses. Crusoe Energy, a U.S. firm that specializes in using excess natural gas for bitcoin mining, will begin deploying generators and mining equipment to capture flared gas in Muscat, Oman as the Middle East looks....
Related News
International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....
Bitcoin buying and selling platform BitQuick took to social media on Wednesday, posting that they have launched a trading platform for the Middle East, allowing enthusiasts in the region to buy and sell bitcoin. While details weren't abundant, BitQuick says they've launched support for six currencies (including the USD), making the buying and selling of the digital currency available in: Jordan, Palestine, Egypt, Lebanon, Kuwait, United Arab Emirates, Qatar and more. BitQuick is one of the few companies in the bitcoin sector to focus their attention on the Middle East at a time when many....
Bitcoin ATMs are seemingly popping up everywhere. From North America to Eastern Asia, and now: the Middle East. A report from Haaretz indicates that one of (if not the) first bitcoin ATMs in the Middle Eastern region is slated to come online Wednesday in Tel Aviv, Israel. Manufactured by Las Vegas, Nevada-based Robocoin and operated by a Bitbox, the machine will allow its users to both buy and sell bitcoins in a matter of seconds without going through bureaucracy. "The launch of the first Bitcoin ATM in the Middle East will allow any person with no previous knowledge of bitcoin and how it....
This week, BitQuick announced the launch of its trading platform BitQuick.me in the Middle East. While there haven’t been more details on the topic, we reached out to its founder and CEO Jad Mubaslat, for enlightenment. Jad Mubaslat is a senior student in biomedical engineering and avid entrepreneur based in Colombus, Ohio. He founded BitQuick, an over-the-counter (OTC) Bitcoin trading platform in February 2013, and hasn't stopped working on the startup since. Today, BitQuick offers its services to customers across the world including North America, Europe, Asia, and most recently, the....
Entrepreneur Kevin O’Leary expressed his interest in purchasing stocks of mining companies that use sustainable energy. Canadian businessman Kevin O’Leary laid out his plans to invest in mining company stocks. In an interview with Anthony Pompliano, Mr. Wonderful shared stories about his recent travels in the Middle East to find ways to invest in Bitcoin (BTC) mining. According to the Shark Tank mogul, investors in the Middle East are looking into “sovereign mining operations.”O’Leary also predicts that in the next 2-3 years, sovereign funds may decide to invest in Bitcoin mining. However,....