Stabull Finance has partnered with Holochain to enhance its decentralized exchange for non-USD stablecoins and real-world assets. This collaboration aims to improve price discovery and operational resilience by utilizing Holochain’s decentralized infrastructure, reducing reliance on traditional cloud services. The integration is expected to bolster Stabull’s commitment to decentralization while ensuring uninterrupted service and lower transaction costs for users.
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Generated 0 posts last week Stabull Finance and Holochain Collaborate to Enhance Decentralized Trading Solutions
Stabull Finance has partnered with Holochain to enhance its decentralized exchange for non-USD stablecoins and real-world assets. This collaboration will utilize Holochain’s infrastructure to improve resilience and reduce reliance on traditional cloud services, ensuring uninterrupted service and efficient trading. The integration aims to provide users with low fees, minimal slippage, and greater control over their assets while scaling within the DeFi ecosystem.
read moreEl Salvador President Donates Bitcoin for School Construction in Honduras
El Salvador’s President Nayib Bukele has donated 2 BTC, valued at approximately $134,000, to support the construction of 1,000 schools in Honduras, reinforcing his government’s commitment to Bitcoin integration. Despite Bitcoin’s legal status, only 7.5% of Salvadorans actively use it for transactions, highlighting a gap between policy and public adoption. Bukele aims for financial independence by 2025, continuing to buy one Bitcoin daily as part of a broader strategy to enhance the nation’s economic sovereignty.
read moreNayib Bukele Donates Bitcoin to Build Schools in Honduras
El Salvador’s President Nayib Bukele has donated two Bitcoin, valued at approximately $133,000, to support the construction of 1,000 schools in Honduras. The funds were given to Shin Fujiyama, founder of Students Helping Honduras, who is currently running 3,000 kilometers to raise additional funds for the project. Despite Bukele’s efforts to promote Bitcoin, adoption in El Salvador remains low, with only 7.5% of the population using crypto for transactions.
read moreDiddy and Sam Bankman-Fried Share Cell at Brooklyn Detention Center
Sean ‘Diddy’ Combs is currently sharing a cell at the Metropolitan Detention Center in Brooklyn with Sam Bankman-Fried, the convicted founder of FTX. Combs was arrested on September 16 for sex trafficking and racketeering conspiracy, while Bankman-Fried is serving a 25-year sentence for fraud. Both have faced complaints regarding the MDC’s living conditions, although recent remarks from Combs’ lawyer indicate improvements in the facility’s support for preparing their defenses.
read moreBitcoin Redefining Latin American Economies with El Salvador Leading Transformation
Bitcoin is reshaping Latin American economies, with El Salvador leading the way through government adoption and innovative initiatives like “Passport to Freedom.” From financial autonomy in Honduras to Bitcoin-driven tourism in Guatemala, the region is embracing cryptocurrency to attract foreign investment and revitalize local economies, signaling a promising future for the digital economy in Latin America.
read moreFinancial Regulators Tighten Scrutiny on Crypto Transactions and Web3 Marketing
Japan’s financial regulator proposes measures to prevent unlawful transfers to crypto exchanges, potentially impacting P2P transactions. South Korea’s FIU plans to tighten scrutiny over crypto with preemptive trading suspension and team expansion. Meanwhile, the EU approves AI Act regulations, and the Philippines aims to launch a wholesale CBDC, while Honduras bans crypto transactions due to fraud concerns.
read moreHonduras Bans Financial Institutions from Crypto Trading: Implications and Reactions
Honduras has banned its financial institutions from engaging in crypto trading and holding digital assets to safeguard the integrity of the national financial system. Meanwhile, in the US, banking institutions are urging the SEC to review rules hindering their participation in the cryptocurrency sector, coinciding with the increasing institutional interest in Bitcoin ETFs. In contrast, Hong Kong is considering stricter regulations for over-the-counter cryptocurrency trading to enhance oversight and address concerns related to anti-money laundering measures.
read moreHonduras Implements Resolution Restricting Financial Institutions from Dealing with Cryptocurrency
Honduras has implemented a resolution prohibiting financial institutions from dealing with cryptocurrency due to concerns about fraud, money laundering, and terrorist funding. The country lacks the means to regulate crypto transactions and remains cautious about their use in the financial landscape. Despite this, cryptocurrency exchanges are still permitted to operate in Honduras.
read moreHonduras Prohibits Financial Institutions from Engaging in Cryptocurrency Transactions
The National Banking and Securities Commission of Honduras has banned financial institutions from engaging in cryptocurrency transactions due to concerns about fraud, money laundering, and terrorist financing. This move diverges from neighboring countries like El Salvador, which have embraced cryptocurrencies. The ban raises uncertainty for crypto-friendly zones like Bitcoin Valley and Próspera, highlighting the complex interplay between technological innovation and regulatory oversight in Honduras.
read moreHonduran Financial Institutions Prohibited from Handling Cryptocurrency
Financial institutions in Honduras are prohibited from handling cryptocurrency due to concerns about money laundering, fraud, and terrorism financing. The National Banking and Securities Commission (CNBS) issued a resolution stating that the unregulated nature of cryptocurrency poses significant risks, leading to the ban on maintaining, investing, or operating with cryptocurrencies. Despite this, there are instances of Bitcoin acceptance in specific economic zones, raising questions about the impact of the CNBS resolution on such areas.
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