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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro […]
The post Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin appeared first on Bitcoin News.
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New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of […]
The post Iran Is Being Targeted for Economic Independence, Not Terrorism appeared first on Bitcoin News.
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Data Gumbo to run water for North Dakota’s oil fields via blockchain tech for heavy hitters like Chevron, Exxon Mobil and Royal Dutch Shell
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Sinochem Energy Technology is reportedly discussing building a blockchain platform for the oil sector with Shell and Macquarie
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Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch […]
The post Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder appeared first on Bitcoin News.
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Antelope Water Management announces that it will use Data Gumbo’s blockchain platform in its oil and gas extraction services
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Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group
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Global oil operators can save at least 30% by using blockchain, CEO of blockchain startup Data Gumbo said
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Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]
The post Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint appeared first on Bitcoin News.
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Venezuelan P2P trade continues to flourish despite government efforts to drive adoption of the country’s controversial oil-backed cryptocurrency
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