Venezuela Ensures Petro with Oil Field

The President of Venezuela officially confirmed that the No.1 Ayakucho oil field will provide a material security for the national cryptocurrency Petro
28 December 2017   762

Nicolas Maduro, the President of Venezuela, announced on Wednesday the allocation of 5 billion barrels of oil to ensure the national cryptocurrency Petro. Maduro officially confirmed that the No.1 Ayakucho oil field will provide a material security for Petro. At the current price for oil, the Ayacucho oil field is estimated at $300 billion.

Maduro said that he hopes to attract the young population to help the state to launch Petro, creating and servicing the mining farms across the country under the government programme. The program has already registered 860,000 Venezuelans between the ages of 15 and 35.

Maduro also stated that he plans to allocate Petro with the deposits of diamonds and the gold deposits of Arco Minero in the Orinoco belt.

According to Maduro, cryptocurrency could help Venezuela to combat a Washington-backed conspiracy to sabotage his government and end socialism in Latin America.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   231

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.