Crypto Weekly: Block rocked, Honduras hooked
STORY: This is Crypto Weekly, with your top stories on alternative currencies.
Jack Dorsey’s Block is the latest firm to feel a crypto chill.
The payments company has slowed hiring and will slash investment targets after the slump in bitcoin prices dragged it to a loss in the latest quarter.
Among other things, Block handles crypto trades on its Cash App.
Coinbase caught a break though.
Shares in the trading platform soared after it said it had partnered with BlackRock to provide its big clients with crypto services.
Honduras is the latest country to get the crypto bug.
Businesses in the tourist town of Santa Lucia will now be able to take payments in alternative currencies.
Ruben Carbajal Velazquez is a professor at the Technological University of Honduras:
“We are going through something historic. Santa Lucia is the first bitcoin city in Honduras. It will educate the community to use and handle cryptocurrencies so that they can be used in different businesses here and boost crypto-tourism.”
And Iran did its first-ever import order in cryptocurrencies.
A local news agency said the $10 million deal was a step towards allowing the country to trade through digital assets.
It didn’t say which token was used.
Washington fears that could be a move towards evading U.S. sanctions on the country.
