Venezuela is moving ahead with plans to “overcome the financial blockade” by launching an oil-backed cryptocurrency known as Petro, and is now recruiting miners nationwide. The Unique Registry of Digital Mining that Venezuela has created will be open until January 21, according to local newspaper El Impulso. Registration to the registry is a requirement for natural and legal persons to have access to Venezuela’s Petro cryptocurrency.
The last Newsletter ended with a suggestion that US marines might soon be setting foot in Venezuela. The fact is that America has been spending a lot of money financing the opposition in this oil-rich country and has been fomenting regime change as a matter of course. The reason for this policy is not only hate for Hugo Chavez and his successor Maduro but rather the huge oil reserves that Venezuela has, which are the largest in the entire world.
Oil prices fell on Tuesday after rising yesterday supported by the crisis in Libya and the opening of Venezuela to the freezing of oil production. On Asian markets, Light Sweet Crude recorded a 0.85% rise to $ 43.67 a barrel, while Brent Crude lima 0.19% to $ 46.33 a barrel. In Libya, the military clashes between Ras Lanuf and Sidra oil terminals, have caused the blocking of exports from Libyan ports. They are taken up, in fact, fighting between forces loyal to the government of Libyan national unity, backed by the United Nations, and the administration's rival for control of oil ports in the east African country.
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