Gas

Leading U.S. lawmakers and members of a select community concerned with water, ocean and wildlife want the environmental impact of cryptocurrency mining assessed. A total of 23 members of Congress signed the letter to Environmental Protection Agency Administrator (EPA) Micheal Reagan.

The numerous sanctions imposed on Russia as a result of the invasion of Ukraine have caused further trade losses for the country.

Ethereum developers have named the date of the Ether Berlin fork. The developers of Ether slated the Berlin fork to transpire on April 14, this year, at block height 12,244,000. The first Ethereum testnet was launched on March 10 this year at the block 9,812,189 at 21:45:00 UTC.

A huge amount of profits are being generated for countries through this cryptocurrency mining. For this reason, governments are channelling their surplus resources to boost the mining business and the entire cryptoasset sector.

Trading of cryptocurrencies, also referred to as decentralized exchange is on the rise amongst the crypto asset activist who engages in decentralized finance. Decentralized Exchange (DEX), involves the exchange of cryptocurrency in a decentralized model thus allowing crypto assets activists to trade amongst themselves.

The oil & gas firms leveraging blockchain are in a position to increase trade accuracy, improve scheduling and back-office efficiency, improve operational efficiency, increase access to trade info, and lessen the working capital cycle.

Experimentation with blockchain and distributed ledger technology (DLT) continues with big players in the Italian energy and gas industry making transactions using the disruptive means.

President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.

The Italian political party Five Star Movement (M5S) is now planning to use innovative technologies including blockchain and distributed ledger tech (DLT) to stop buses and track crimes.