Central African Republic president launches crypto initiative following Bitcoin adoption

Faustin-Archange Touadéra, president of the Central African Republic, has announced the government would be launching Sango, a crypto initiative proposed following the country’s adoption of Bitcoin. The Sango project’s plans include building a “legal crypto hub,” expanding the adoption of Bitcoin, and creating a “crypto island” — a special economic zone in the metaverse.

Catalonia is building its own metaverse, says innovation minister

During the European Blockchain Convention (EBC) 2022, Catalonian director-general of innovation Daniel Marco discussed some of the key efforts that the government has taken and worked on to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent.

Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM

Cryptocurrency smart exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) to expand its business and its ecosystem. Unizen stated that it will use the investment to expand its team, shore up its innovation and marketing pipeline, and speed up the implementation of its trade aggregation ecosystem.

Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

During the European Blockchain Convention in Barcelona, Mureau — CEO of crypto investment fund operator Hodl, gave his insight on the outlook of the digital assets investment landscape. “It’s just like the end of the 90s with the internet bubble, so you’re still early in the space,” said Mureau.

Compass Mining loses facility after allegedly failing to pay power bill

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics alleged Compass has six late payments and three non-payments related to utility bills and hosting fees.