Tag: OIL

Maduro Mandates Venezuela’s Petro to Become Second National Currency

Facing hyperinflation in addition to international sanctions which have attracted Venezuela to its knees, contentious President Nicolás Maduro has cautioned his recently-developed Petro cryptocurrency become the country’s second official money. Original post first appeared in https://www.newsbtc.com/2018/08/14/maduro-mandates-venezuelas-petro-to-become-second-national-currency/

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Mining Round-Up: Steam Game Allegedly Cryptojacks Users, Mining Could be “New Oil” for Kazakhstan

Mining In current mining information, indie Steam sport, Abstractism, has been accused of putting in malicious software program on its customers’ gadgets to mine XMR; the vice chairman of the Blockchain and Crypto Technology Association of Kazakhstan has advocated that the nation’s administration seeks to foster the native mining business; and the commissioners of the […]

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Petro: Within 120 Days the Token Will Become Legal Tender for All Government Transactions

In February, Venezuelan President Nicolas Maduro declared the release of the Petro, a contentious electronic currency backed by the nation’s oil reserves. This week, based on Venezuela’s Official Gazette, it’s been arranged that the token has to be accepted as legal tender for all transactions between government institutions — from ministries to airports, to taxes, […]

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President Trump Issues Executive Order Preventing Any U.S. Involvement With Venezuela’s Petro

In the latest move by the U.S. government to limit the Maduro program’s access to funding, President Donald Trump has issued a executive order banning any trades within the U.S. between “any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after […]

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PetroDollar to be Next Oil Backed Cryptocurrency

Another oil endorsed cryptocurrency is getting set to start it is ICO in 2018, now with a New York capital management team calling this new floor in commodities investment.) Saying PetroDollars  enables investors to utilize peer to peer traded  digital currency backed by the value of crude petroleum and natural gas rather than “thin air” the direction team […]

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Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged

Featured Venezuela’s president Nicolas Maduro has licensed all financial savings banks within the nation to mine and use the lately launched nationwide cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a rip-off, accusing Maduro of abusing his energy, and declaring the thought unconstitutional. Also learn: Indians Look to Buy Bitcoin Overseas […]

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