Thailand is taking a bold step toward integrating digital assets into its economy by launching TouristDigiPay, a nationwide crypto payment sandbox for tourists. The initiative, expected to go live on Monday, will allow foreign visitors to exchange cryptocurrencies for Thai baht and make electronic payments through regulated e-money providers. How TouristDigiPay Works Only international tourists visiting Thailand will be eligible for the program. Before using the service, travelers must undergo Know Your Customer (KYC) verification and open an account with both a licensed digital asset business and an e-money provider overseen by the Bank of Thailand and the Securities and…
Author: Blockto Team
Solana (SOL), often branded as one of the fastest blockchains, has reached a new benchmark in performance. Over the weekend, the network briefly recorded more than 100,000 transactions per second (TPS) during a stress test. While this figure highlights the blockchain’s technical capacity, the real throughput for everyday use remains far lower. A Historic Spike in Solana’s Throughput According to Solana developer and Helius co-founder Mert Mumtaz, the blockchain became the first major chain to surpass 100,000 TPS on mainnet. A single block processed 43,016 successful transactions and 50 failures, bringing the total throughput to 107,540 TPS. However, the majority…
Bitcoin’s recent price correction has not shaken Michael Saylor’s conviction. The Strategy co-founder has once again indicated that his firm will continue to accumulate Bitcoin, treating the dip as an opportunity to expand holdings. Strategy’s Growing Bitcoin Empire As of the latest update, Strategy owns 628,946 BTC, valued at over $74.2 billion, according to SaylorTracker. The company’s most recent purchase came on Monday when it acquired 155 BTC for $18 million. Despite Bitcoin slipping from its $124,000 all-time high to around $117,000, the firm’s portfolio remains in deep profit — with over $28 billion in unrealized gains, reflecting a 60%…
Analysts Point to Undervaluation and Strong Technical Signals Chainlink’s native token, LINK, surged to $26.05 after an 18% rally, significantly outpacing other top 50 cryptocurrencies. Analysts are now highlighting undervaluation, strong technical indicators, and upcoming product developments in August as key drivers behind the move. On the daily chart, LINK has broken out of a prolonged descending channel, with prices moving sharply higher from the $15 support area. A strong accumulation zone formed between $15–$16, followed by a breakout through the $20 resistance, which is now acting as support. The latest rally pushed LINK into the $25–$26 supply zone, a…
Calm Before the Fed? Market volatility across asset classes has dropped to multi-year lows ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium on August 21–23. Traders appear confident that the Fed will move toward easier policy, though some analysts warn that complacency could prove risky. Volatility Hits Historic Lows In crypto, Bitcoin’s (BTC) 30-day implied volatility—tracked by Volmex’s BVIV and Deribit’s DVOL index—slumped near two-year lows of just 36% last week, according to TradingView data. Gold shows a similar pattern. The CME Gold Volatility Index (GVZ) has more than halved in the past four months,…
ETH Price Faces Pullback After Hitting Multi-Month Highs Ethereum’s recent rally cooled on Monday as the price slipped below $4,330, signaling that bullish momentum may be pausing after testing key resistance zones. The move follows an aggressive climb that saw ETH touch a local high near $4,805, its strongest level in months. Chart data highlights a crucial support area around $4,000–$4,100, where buyers previously stepped in during late July. If this zone fails to hold, analysts caution that Ethereum could revisit the mid-$3,500 region, an area that acted as both resistance and support earlier this year. “The $4,000 mark is…
Traders Eye $112K Demand Zone Amid Renewed Selling Pressure Bitcoin (BTC) fell below $116,000 today, slipping 1.38% to $115,871, raising concerns that the market could be entering a short-term correction phase. The decline comes after repeated failures to break through the $120,000 resistance level, where sellers continue to defend their positions. The daily chart shows BTC moving out of a consolidation zone, with prices now testing the first significant support around $116,000. Below this, the next key demand area sits near $112,000, highlighted by a green support block where buyers previously stepped in. “Bitcoin is struggling to maintain momentum above…
Technical signals suggest resistance ahead while altcoins gain momentum Bitcoin (BTC) is holding steady near $118,000, consolidating after a sharp rally that lifted the world’s largest cryptocurrency to its highest level since April. Traders, however, caution that the market may face a deeper correction in the short term, even as altcoins begin to attract fresh capital. On the daily chart, BTC is trading just below a resistance zone between $122,000 and $124,000, highlighted by repeated rejections at the upper band. Price action shows that Bitcoin recently broke out of a descending channel but is now testing the green support block…
ATOM consolidates between key demand and resistance zones, with traders watching for signs of a breakout. Cosmos (ATOM) is trading around $4.66, showing relative stability after recent volatility. The token has successfully held above its green support zone at $4.40–$4.45, a level that has acted as a strong demand area multiple times in recent weeks. The 4-hour chart highlights a sharp rally from $4.20 earlier this month, followed by a rejection near the $4.90 resistance zone. This red-marked region has repeatedly capped bullish momentum, leaving ATOM oscillating in a well-defined range. “The current setup reflects a healthy consolidation phase, with…
JPYC poised to launch as FSA clears path for domestic fiat-pegged digital currency Japan’s Financial Services Agency (FSA) is preparing to approve the country’s first yen-backed stablecoin this fall, a landmark step in integrating digital assets into the traditional financial system. The move will allow Japanese residents and institutions to access a homegrown stablecoin pegged directly to the yen. According to reports, Tokyo-based fintech firm JPYC will register as a licensed money transfer business within the month and lead the rollout. The stablecoin will maintain a 1:1 peg with the Japanese yen, backed by highly liquid assets such as bank…
