It is the 19th of September 2019

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Norwegian Mining Company Launches First Asset-Backed Initial Coin Offering

While the world debates whether blockchain-based Initial Coin Offerings are a fraudulent pyramid scheme, meant to take advantage of gullible investors who are desperate to get rich quick, or a revolutionary "post-equity" way of raising capital, a Norwegian mining company, Intex Resources ASA, has taken the next step in the latter, and last week announced it was issuing the world's first asset-backed Initial Coin Offering, with the resulting tokens being exchangeable for the physical collateral.

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Why Some Hedge Funds Believe The Shale Boom Is Coming To An End (Again)

Today's Baker Hughes report confirmed that the US shale miracle continues, as another 6 oil rigs were added bringing the total to 747, the highest since mid-2015, with domestic producers seemingly oblivious - or perfectly well hedged - to the ongoing decline in crude prices which is once again set to crippled the Saudi budget.

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