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June 14th - This morning, the Songjiawan Downward Tunnel and the Pujia Gou Upward Tunnel, two key connecting tunnels located at Lezhi Station in Ziyang, Sichuan Province, were successfully completed, marking a crucial breakthrough in the hub connection project between the Chengdu-Chongqing Central Line High-Speed Railway and the Chengdu-Dazhou-Wanzhou High-Speed Railway. Lezhi Station is a newly built station and the only hub station connecting both high-speed railways simultaneously. The two connecting tunnels link the main lines towards Chengdu and Chongqing respectively, providing convenient conditions for trains to cross lines and turn around for traffic congestion relief.June 14th - According to US sources on the 13th, a US military fighter jet crashed on a mountain in Washington state, triggering a wildfire. The pilot ejected safely. It is understood that the F/A-18 Super Hornet fighter jet, belonging to the US Marine Corps, was conducting "routine training" before the crash.On June 14, it was reported that on June 13, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Mongolian Foreign Minister Battsetseg in Ulaanbaatar. Wang Yi emphasized that China is willing to work with Mongolia, under the strategic guidance of the two heads of state, to continue efforts towards building a community with a shared future of peaceful coexistence, mutual assistance, and win-win cooperation. Chinas foreign policy has always maintained continuity and stability, and China is willing to continue to be a trustworthy and reliable partner for Mongolia, providing sustainable support for Mongolias development and revitalization. Chinas 15th Five-Year Plan provides a comprehensive plan for high-quality development over the next five years and also offers the world a list of opportunities. The Chinese and Mongolian economies are highly complementary, and strengthening the alignment of development strategies is conducive to expanding cooperation areas, tapping cooperation potential, and promoting the economic and social development of both countries. China is willing to work with Mongolia to jointly build the Belt and Road Initiative with high quality, expand economic and trade cooperation, promote the improvement and increase of cooperation in various fields, and achieve more tangible results.June 14th - According to the China State Railway Group, from January to May this year, the national railway system transported a total of 1.67 billion tons of freight, with daily loading volume reaching a record high. Data released by the China State Railway Group shows that in the first five months, the national railway system transported a total of 1.67 billion tons of freight, a year-on-year increase of 1.8%; the average daily loading volume was 186,300 wagons, a year-on-year increase of 2.8%, with 202,400 wagons loaded on May 2nd, setting a new record for daily loading volume.According to Fox News: A senior U.S. government official said he believes an excellent and strong agreement has been reached.

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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