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Techub News reports that Petrobras, Brazil's state-owned oil company, has chosen Cardano blockchain to track its production of clean aviation fuel and diesel. This move aims to leverage blockchain technology to enhance supply chain transparency and sustainability certification. The Cardano Foundation stated that this collaboration will help Petrobras verify the environmental attributes of its fuels and meet the growing international demand for low-carbon fuels. (CoinDesk)
Techub News, according to FinanceFeeds, Siddarth Bharwani, Joint Managing Director and Chief Financial Officer of Indian listed company Jetking Infotrain, stated at the "Bitcoin for Corporations" event in Las Vegas that the company will firmly advance its Bitcoin standard strategy. Jetking initiated its Bitcoin reserve plan at the end of 2024, becoming the first listed company in India to designate Bitcoin as a primary reserve asset. It currently holds 21 Bitcoins, valued at approximately $1.4 million, accounting for over a quarter of the company's total market capitalization. Bharwani indicated that this move aims to hedge against the long-term depreciation risk of the Indian Rupee, using Michael Saylor and MicroStrategy as the strategic blueprint. The company's goal is to accumulate 210 Bitcoins by the end of 2026 and expand its holdings to 18,000 by 2030.
Techub News, according to CryptoBriefing, the Bombay Stock Exchange (BSE) rejected the listing application of IT training company Jetking Infotrain. The company previously planned to raise over 600 million rupees through a share sale and intended to use the publicly raised funds primarily for investing in Bitcoin. After being rejected by the Bombay Stock Exchange, the company stated it is assessing the current situation and considering an appeal to the Securities Appellate Tribunal.
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