Honduras Financial News

Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.

Following Binance's suspension of its cryptocurrency debit card services, Binance is introducing a new product in Latin America called "Send Cash," which enables users from 9 countries in the region to transfer crypto using Binance Pay.

By Luc Cohen

Taiwan Vice President William Lai left on Saturday for a sensitive trip to the United States, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president. Taipei and Washington say such stopovers are routine and no cause for China to take «provocative» actions, but Beijing has reacted with anger at what it sees as a further sign of U.S. support for Taiwan, which it claims as sovereign Chinese territory. China is likely to launch military drills next week near Taiwan, using Lai's stopovers in the United States as a pretext to intimidate voters ahead of a next year's election and make them «fear war», Taiwanese officials say. Lai, speaking to reporters at Taiwan's main international airport at Taoyuan, made only fleeting mention of the U.S. part of his trip, simply noting he was going to New York first.

(Reuters) -The International Monetary Fund said on Friday it has reached a staff-level agreement with Honduras for a 36-month credit facility for about $830 million to support the country's economic reform policies.

A new ferry line for commerce moving through Central America began operating Thursday, directly connecting El Salvador and Costa Rica to the exclusion of Nicaragua and Honduras

Besides Stockton Rush, entrepreneurs of Pakistan origin Suleman Dawood and Shahzada Dawood, British adventurer Hamish Harding, and French citizen Paul-Henri Nargeolet were killed when the OceanGate submersible Titan imploded, killing all onboard. They were on an adventure trip as well as a research mission and wanted to reach near the debris of the submerged iconic ship Titanic. Participating in a program called ‘60 Minutes Australia’, submarine operator and a friend of Stockton Rush, Karl Stanley said that he had warned the OceanGate CEO about the submersible. Stanley claimed that Rush definitely knew that the mission would end this way. He went to the extent of accusing him of murdering these persons and making them pay for this. Describing his experience of going on a test diving in the Bahamas in 2019, he said that he had heard gun-shot-like noises every three to four minutes. He also said that he had raised his concerns about the carbon fiber hull and warned that it would worsen. He added that he had no doubts that it was the carbon fiber hull that failed. The two friends had a heated exchange of calls and emails. Multiple agencies are investigating the incident. The US Coast Guard, the UK Marine Accident Investigation Branch, and the Transportation Safety Board of Canada are probing the mishap from different angles. Structural titanium rings were seen at the front and rear of the submersible in the pictures of the fragments of the submersible. Scientists believe that extreme pressure at the depth of the ocean might have caused the implosion. Stanley is the owner of Stanley Exploration, a deep-sea exploration company, based in the Latin American country of Honduras.

The State Department says it's imposing sanctions on two former Salvadoran presidents and dozens of other officials and judges in Central America

NEW DELHI : As many as 415 million Indians moved out of poverty in the 15-year period between 2005/2006 and 2019/2021, the UN said in a report on Tuesday. The latest update of the global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford. The report analysed trends from 2000 to 2022, focusing on 81 countries with comparable data over time.

Held on: Friday, June 30, 2023 Stadium: New Jersey Red Bull Arena Kick-off time: 8:30 pm ET Where to Watch: In the US, th

United Kingdom Bitcoin (BTC) payments adoption just recruited a new player. Oxford City Football Club looks to become the first National League football club to accept matchday payments in BTC when the season kicks off on Aug. 6.

A small tourist town in Honduras has begun accepting Bitcoin payments as part of the “Bitcoin Valley” initiative designed to increase tourism revenue across 60 local businesses.

Honduras launches 'Bitcoin Valley' in the tourist town of Santa Lucia

The leadership of the crypto-friendly charter city of Próspera in Honduras has hit back at reports it is facing a backlash from residents of the neighboring community of Crawfish Rock over its expansion plans.

Crypto crash leaves El Salvador with no easy exit from worsening crisis

Changpeng Zhao, Founder and CEO of Binance, in a recent podcast spoke in favor of a bright future for Bitcoin. The Bitcoin adoption process has already taken off in many parts of the world. But CZ is convinced there is much to come in an increasing divided world.

Few crypto enthusiasts around the world could point to the remote island of Roatán prior to the Bitcoin 2022 conference in Miami. 

During the Bitcoin 2022 Conference in Miami, Florida, Cointelegraph caught up with Ricardo Salinas, the founder and chairman at Grupo Salinas, in an exclusive sit-down interview. As an early Bitcoin (BTC) adopter, since its $200 days, Salinas has experienced first-hand the highs and lows of the market, and learned a thing or two along the way.

Bitcoin and other cryptocurrencies have become legal tender in a special economic zone on an island on Honduras' Caribbean coast, officials said.

Barring the US dollar-pegged stablecoin, USD Coin, all other major crypto were up during early hours. Solana and Avalanche rallied 7 per cent each, whereas Dogecoin and BNB advanced 4 per cent each. The global cryptocurrency market cap dwindled to $2.02 trillion mark, advancing more than 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped sharply as much as 32 per cent to $82.83 billion.

Speaking at the Bitcoin 2022 conference in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that would be adopting or proposing to adopt Bitcoin (BTC) as legal tender. As told by Mow, the first is that of the Caribbean island Roatán, which is part of Honduras. Honduras Prospera Inc. is the organizer and promoter of the jurisdiction. The entity's president, Joel Bomgar, told the audience: