Last week in review: MicroStrategy CEO switches up responsibilities to focus on strategy and Bitcoin

Bitcoin enjoyed a relatively strong July, but how are things looking as we get into the depths of August? As always, there’s never a dull moment in the world of crypto. Here are our top picks of last week’s headlines.

Honduras launches ‘Bitcoin Valley’ to help attract visitors

What

Business owners in Santa Lucia, Honduras are adopting cryptocurrencies as part of a project called ‘Bitcoin Valley’

Why

Santa Lucia’s community will be educated to use and manage cryptocurrencies as part of the project to help attract more tourists to the region

What next

To help deal with any volatility, the Honduran Bitcoin Valley will allow merchants to receive instant payments in the local currency, eliminating cryptocurrency fluctuation risks

Read the full story here

Bitcoin and crypto had a good July

What 

The cryptocurrency industry showed signs of renewed strength in July, with Bitcoin having its strongest month since October last year, and digital asset funds recording the biggest capital inflows all year 

Why 

The inflow of capital into digital assets coincided with more bullish sentiment in the general stock market 

What next 

Digital asset funds revealed five consecutive weeks of capital inflows in July, almost correcting the outflows of the previous month 

Read the full story here

MicroStrategy CEO switches up responsibilities to focus on strategy and Bitcoin

What

MicroStrategy’s CEO Michael Saylor has announced that he is leaving his role to become Executive Chairman of the company

Why

In an official statement, the former CEO explained that splitting the roles of Chairman and CEO will allow the company to better pursue its corporate strategies

What next

The company’s president, Phong Le has agreed to take over from Saylor

Read the full story here

Africa generated $304 million in blockchain investments during the first half of 2022

What

During the first two quarters of 2022, $304 million worth of capital entered the African blockchain ecosystem

Why 

The African Blockchain Report 2021 revealed that between Q1 2021 and 2022, funding grew by 1,668% – rising from $5.1 million to $91 million

What next

“The lack of common legacy financial systems and an enormous population, primarily unbanked, all contribute to the popularity and growth of cryptocurrencies on the continent,” the report explained

Read the full story here

To catch up on other big stories from last week, be sure to check these headlines:

US execs are preparing for crypto adoption, says Deloitte survey

What is the metaverse being used for? Education seems to be the next frontier

Crypto education is key to adoption by businesses