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