Banco Industrial, the largest bank in Guatemala, has officially integrated blockchain technology to streamline cross-border payments, marking a major step forward for digital finance in Central America. This move aims to enhance transaction speed, lower fees, and increase financial transparency for both retail and institutional customers. Partnership with Koibanx to Power Blockchain Infrastructure The blockchain integration comes through a strategic partnership with Koibanx, a Latin America-based fintech company specializing in blockchain infrastructure. Koibanx will deploy its blockchain rails on Algorand’s high-speed network, offering Banco Industrial a robust, scalable, and secure foundation for cross-border remittances. “Blockchain allows us to serve our…
Author: Blockto Team
Global Economic Fears Fuel Surge in Safe-Haven Assets Bitcoin bulls are holding firm as market volatility rises, fueled by concerns over Japan’s ballooning national debt and the global push toward safe-haven assets. As uncertainty mounts, gold has soared past $3,300, its highest level in history, while Bitcoin is experiencing renewed demand from investors seeking protection against fiat instability. Japan’s Fiscal Crisis Sparks Panic Across Financial Markets Japan’s debt-to-GDP ratio has hit alarming levels — exceeding 260%, the highest among developed nations. This has raised global fears about the sustainability of sovereign debt, sending shockwaves through currency and bond markets. “The…
Web3 Takes the Leap into Mobile with Solana’s Bold Ecosystem Vision Solana Mobile, the company pioneering crypto-powered smartphones, has officially unveiled its SKR token, a new digital asset that will power the incentive and rewards ecosystem behind its mobile-first Web3 vision. The announcement comes alongside the confirmed shipping date of its next-generation phone, Seeker, solidifying Solana’s commitment to merging blockchain technology with mobile hardware. SKR Token: Fueling the Solana Mobile Ecosystem The newly announced SKR token (pronounced “seeker”) will act as a native utility and engagement token within the Solana Mobile ecosystem. SKR will be used to reward users, developers,…
BYDFi, a global crypto trading platform, has launched MoonX, a cutting-edge on-chain trading engine designed to offer the best of both centralized (CEX) and decentralized (DEX) exchanges. With the rise of regulatory scrutiny and increasing demand for on-chain transparency, MoonX aims to reshape how traders interact with crypto markets. This new engine merges the speed, liquidity, and ease of CEXs with the security, transparency, and autonomy of DEXs, offering a seamless transition for users looking to enjoy decentralized trading without compromising performance. What is MoonX and Why It Matters MoonX is not just another DEX — it’s an on-chain trading…
New Report Shows Rapid Growth in Interest-Bearing Digital Dollars Yield-bearing stablecoins have surged to $11 billion in total supply, representing 4.5% of the entire stablecoin market, according to a new report by digital asset research firm 21.co. The rise underscores a growing demand for stablecoins that offer passive income opportunities while maintaining price stability. These interest-generating tokens combine the stability of traditional stablecoins with the earning potential of DeFi or tokenized yield strategies, making them increasingly attractive to both retail and institutional investors. Leading Projects Driving the Surge The report highlights that the growth is driven by a handful of…
Crypto Theft Involved Dangerous Drug and Impersonation Tactics An American tourist visiting London has reported losing $123,000 worth of Bitcoin and XRP after falling victim to a fake Uber ride orchestrated using a potent drug known as ‘Devil’s Breath’, according to local reports. The victim claims he was drugged and robbed in a highly coordinated attack, which has raised serious concerns about the security of crypto assets and personal safety while traveling. What is ‘Devil’s Breath’? Also known as scopolamine, ‘Devil’s Breath’ is a powerful psychoactive drug that can render victims disoriented, compliant, and vulnerable to suggestion or theft. The…
Coinbase, the leading U.S.-based cryptocurrency exchange, has confirmed that 69,461 users were affected by a data breach that occurred in December 2024, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The breach, described as a “targeted phishing and social engineering attack”, compromised sensitive user information but reportedly did not result in unauthorized access to customer funds. This marks one of the largest cybersecurity incidents disclosed by a major crypto platform in recent months, raising concerns over the growing risks to digital asset users. Details of the Attack: Phishing and Social Engineering According to the filing,…
Bitcoin Suisse, one of Switzerland’s leading crypto-financial services firms, has set its sights on the United Arab Emirates (UAE) after receiving regulatory approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). The move marks a significant milestone for the firm’s global growth strategy and highlights the UAE’s rising status as a crypto-friendly jurisdiction. The company was granted an In-Principle Approval (IPA) to operate within the Abu Dhabi Global Market (ADGM), the UAE’s premier international financial center. This development opens the door for Bitcoin Suisse to offer custody, brokerage, and investment advisory services to clients in the region. UAE’s Crypto Ambitions…
BTCS Inc. (Nasdaq: BTCS), a publicly traded blockchain technology company, has announced that it has added $8.4 million worth of Ethereum (ETH) to its corporate treasury. The move underscores the company’s growing conviction in Ethereum’s long-term value and utility as a leading smart contract platform. This treasury allocation makes ETH a central asset on BTCS’s balance sheet, reflecting a broader trend among forward-thinking companies seeking diversified exposure to digital assets. Strategic Ethereum Investment to Support Long-Term Vision BTCS stated that its Ethereum acquisition aligns with its strategic vision to support decentralized infrastructure and blockchain innovation. The firm believes that ETH…
Hong Kong has officially passed a new stablecoin bill, establishing a licensing regime for issuers of fiat-referenced stablecoins. The move marks a major step in the city’s bid to become a global hub for digital assets while addressing risks related to unregulated stablecoin circulation. The bill, passed by the Legislative Council, introduces a comprehensive framework requiring all stablecoin issuers to obtain a license from the Hong Kong Monetary Authority (HKMA) before offering their tokens to the public. “Only licensed entities will be allowed to issue or operate stablecoins that are pegged to fiat currencies,” the HKMA emphasized. Regulatory Clarity in…