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November 9th - Trump: I am pleased to announce that the great attorney John Coale has been nominated as the U.S. Special Envoy to Belarus. He has successfully facilitated the release of 100 hostages and is working to secure the release of another 50. I would like to express my sincere gratitude in advance to the esteemed President Lukashenko of Belarus for considering the release of these additional hostages.U.S. Treasury Secretary Bessant: Substantial progress is being made on the inflation issue, and prices are expected to fall in the coming months.On November 9th, local time, Ukrainian President Volodymyr Zelensky signed a new sanctions decision, imposing sanctions on several Russian government officials and institutions. Ukraine called on the international community to increase pressure on Russia and sanction all individuals and organizations that fund war and spread disinformation. Ukraine stated that this round of sanctions includes "Russian government members involved in the plunder of occupied Ukrainian territories" and personnel from Russian military intelligence. Ukraine also plans to take further measures against publishing institutions within Russia engaged in war propaganda and defense of aggression. According to Ukrainian sources, the sanctions list includes individuals such as Russian Presidential Special Representative Kirill Dmitriev.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for December Basra medium crude oil to Asia at a discount of $0.35 to the average price of Oman/Dubai crude oil.November 9th - According to Japans TBS News, a 5.6-magnitude earthquake struck off the eastern coast of Honshu, Japan, at 6:28 PM local time on the 9th, with a focal depth of 10 kilometers. The epicenter was located off the coast of Sanriku, and Morioka City in Iwate Prefecture experienced noticeable tremors with an intensity level of 3. A 6.7-magnitude earthquake had just struck the same area at approximately 5:03 PM local time on the 9th, triggering a tsunami. According to the latest observations, the tsunami has reached several locations in Iwate Prefecture, including Miyako, Kuji Port, and Ofunato. No casualties have been reported so far.

Honduras launches ‘Bitcoin Valley’ in the tourist town of Santa Lucia

Skylar Shaw

Aug 01, 2022 15:44

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People may use cryptocurrency to purchase slushies on the streets of "Bitcoin Valley," a project in the tourist destination of Santa Lucia, Honduras, through which the nation has adopted the trend of virtual currencies.


A bitcoin city has emerged in the little mountain village that is 20 minutes from Tegucigalpa, the country's capital.


In Santa Lucia, owners of both large and small businesses are adjusting to accept bitcoins as payment in an effort to draw in more tourists.


According to Cesar Andino, manager of Los Robles Shopping Square, "It will create more chances and attract more individuals who wish to utilize this money."


The "Bitcoin Valley" initiative aims to teach 60 firms to use bitcoins to sell their goods and services, with the intention of spreading these techniques to other businesses and surrounding communities.


The Blockchain Honduras organization, the Guatemalan cryptocurrency exchange group Coincaex, the Honduran Technological University, and the town of Santa Lucia all worked together to launch the program.


"The people of Santa Lucia will be taught to use and handle cryptocurrency, integrating them in various enterprises in the area and producing crypto-tourism," said Ruben Carbajal Velazquez, professor at the Technological University.


While several Latin American nations are investigating the possibilities of cryptocurrency, there are dangers.


El Salvador approved bitcoin as legal cash in September 2021 and established a "Bitcoin Beach" in the surfing mecca of El Zonte.


The cryptocurrency market collapse and distrust from multilateral lenders and ratings agencies hindered the Central American nation's bet on bitcoin. Its $105 million in publicly stated interests is now worth around $57 million.


The "Bitcoin Valley" in Honduras would "allow shops to receive quick payments in the local currency, removing cryptocurrency fluctuation concerns," according to Leonardo Paguada, the organization's creator. This will help with volatility.


Critics of the growth of bitcoin have cautioned that such activities might encourage money laundering and financial instability while widening the digital divide since the poorest segments of society could find it difficult to utilize the technology.

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