Oil

IBM is collaborating with Abu Dhabi National Oil Company - ADNOC, a state owned oil firm in the UAE, to pilot a blockchain technology supply chain system, per an official press release published by ADNOC on December 9, 2018. The blockchain technology application can be leveraged in natural gas, gas, condensates, liquids, oil and sulphur.

In a struggle to dock and behedge an exodus from the nation, the government of Venezuela has made it very difficult to get passports with bolivars.

A new research study has revealed that Bitcoin mining could be helpful, refuting the popular idea that its power consumption is dangerous to the environment.

A month down the road since Nicolas Maduro, the Venezuelan president, proclaimed the formation of the Petro, a state-backed crypto which would allegedly take the nation out of six-digit hyperinflation, the only place where the Petro crypto appears to exist is in the media.

Venezuela, a country in South America, is supposedly considering the launch of a central bank for cryptos, with the country's National Constituent Assembly working to amend the national constitution to include it, together with a court above its Supreme Court.

Federal regulators prevented an energy investor from serving on public firms' boards on August 12 after he pushed an Initial Coin Offering that misguided investors.

FXPRIMUS, a leading company breaking new terrains in seamless trading experience, has announced the integration of a cryptocurrency-based services through trade.io. The integration now allows users to utilise trade.io’s TIO utility token to access Oil, FX, Gold, and Indices.

Venezuela plans on issuing a government-backed cryptocurrency called “petro”. The currency will be the first digital money actually backed by resources such as gold, oil, gas or diamonds.

Bitcoin has one of the highest price variations when compared with other financial assets traded on the forex markets. In the past year, the price of bitcoin has been more stable as compared with the price of oil from the world’s major oil producing nations.