Oil Prices Drop as US Eases Sanctions on Venezuela amid Middle East Tensions
The ongoing Israel-Gaza conflict has also played a significant role in the oil market’s turbulence.
The ongoing Israel-Gaza conflict has also played a significant role in the oil market’s turbulence.
This edition of Max’s Corner takes a look at some of the themes touched upon during Blockchain Week in New York City and how they reflect larger trends and questions currently in play in the industry.
Venezuela and Russia are discussing an option to use the Ruble and the Petro in their mutual trade settlements.
After launching Petro, Venezuela’s President announced new ‘Petro Gold’ cryptocurrency. He considers it a means of combating the U.S. sanctions, while the U.S. warns about risks for investors.
The oil-based digital currency fails before launching: it is claimed to violate the Constitution of the country.
To counter the U.S. led financial sanctions and the collapse of its own currency ‘bolivar’, Venezuelan President Nicolas Maduro has announced the launch of its new state-owned cryptocurrency ‘Petro’.