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Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin


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...

Oil and Gas Sector Opens Up for Blockchain Technology


A newly formed consortium of oil and natural gas majors is gearing up to deploy the breakthrough technology of Blockchain in the United States. OOC Oil and Gas Blockchain Consortium, which is based in Houston is assertive that the Blockchain technology can be helpful to improve the administrative...

Mysterious Project Accused of Increasing Ethereum Gas Price


A mysterious project is suspected for increasing transaction fees on the Ethereum network. Many in the cryptoverse point at the More Gold Coin (MGC) project that has multiple websites and claims that it makes 9%-25% monthly profits since its launch this past April. While MGC was not available...

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint


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...

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