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Exclusive: PDVSA's partners act as traders of Venezuelan oil amid sanctions -documents

CARACAS/PUNTO FIJO, Venezuela (Reuters) – Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp, which in turn market the oil to customers in Asia and Africa. This would not violate sanctions as long as sale proceeds are used for paying off a venture’s debts, according to three sources from joint ventures. Venezuela’s oil exports fell 32% last year as the U.S. government blocked imports by American companies and transactions made in U.S. dollars. …read more […]

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Binance-backed derivatives exchange FTX launches bitcoin options

Cryptocurrency derivatives exchange FTX, in which Binance acquired an equity stake recently, has launched bitcoin options. The options, currently unavailable to U.S. users, went live on Sunday, said FTX, adding that some features such as limit order are yet to be implemented. FTX’s bitcoin options are cash-settled to U.S. dollars (USD), and like its futures, […]The post Binance-backed derivatives exchange FTX launches bitcoin options appeared first on The Block. …read more […]