Venezuela is set to launch its own oil-backed cryptocurrency but blockchain experts are skeptical it will work.
Crystallex International is looking to seize control of U.S. refiner Citgo Petroleum, which is owned by Venezuelan state oil company PDVSA.
Investors are seen underestimating the impact of Venezuela's production losses in 2018, according to analysts at RBC Capital Markets.
Bitcoin mania could prompt some of the world's largest oil-producing countries to make a move against the dollar, according to one commodity analyst.
Venezuelan President Nicolas Maduro is looking to digital currency to circumvent U.S.-led financial sanctions.
While stubbornly strong oil exports continue to dampen market sentiment and cap gains, CNBC takes a look at the world's 10 leading oil exporters.
"There's a political angle to this," said Risa Grais-Targow of Eurasia Group. "I think their eye is on the presidential election next year."
Nicolas Maduro announced plans to restructure Venezuela's massive foreign debt, an effort to be led by Vice President Tareck El Aissami.
Cash-strapped Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default.
The White House said in a statement that it could not "stand by as Venezuela crumbles" under Nicolas Maduro's regime.
Venezuela's subsidized electricity is allowing desperate users to mine bitcoin to afford basic necessities, the Atlantic reports.
President Donald Trump on Friday said he would not rule out a "military option" in Venezuela.
A full-fledged civil war could be looming for Venezuela as military support for dictator Nicolas Maduro wanes.
Venezuela appears to be sliding toward a more volatile stage of unrest after anti-government forces looted weapons during a weekend raid on a base.
Nicolas Maduro is building his brand of populism by celebrating each time the U.S. punishes officials for abuses, ProPublica reports.
Venezuelan authorities said 8 million voted to create an assembly endowing President Maduro's ruling socialist party with unlimited powers.
President Donald Trump's administration is considering imposing some U.S. sanctions on Venezuela's vital oil sector, U.S. officials said.
Deadly protests rocked Venezuela on Sunday as voters broadly boycotted an election for a constitutional super-body.
Venezuela is teetering on the brink of a major meltdown, and a key vote on Sunday could send the country over the edge.
The U.S. is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to sources.