Central African Republic Begins Public Sale Of “Sango Coin” – July 27

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Current Bitcoin Price:Β $21,668

Bitcoin price has bounced back toward the $22,000 mark to begin the day, following a worrying few days of corrective price action.

Top-20 altcoins have also come back strong, as Ethereum jumps 10%, BNB rises 8% and Cardano gains 5% over the last 24 hours.

Top Stories for July 27, 2022 πŸ”₯

πŸ‘‰ Central African Republic Begins Public Sale Of “Sango Coin”

The Central African Republic (CAR) has begun selling 5% of its total supply of Sango Coin – the national cryptocurrency of the country. The sale began at the beginning of this week, with 200 million Sango Coins available at the equivalent of 10 cents each.

Buyers require a minimum of $100 in the accepted cryptocurrencies to participate in the sale, which includes Bitcoin, Ether, BNB Coin, or one of four supported stablecoins.

Sango Coin will be used in the CAR’s plans to tokenize its mineral resources, and will run on a Bitcoin sidechain via a two-way peg mechanism.

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Premiums being paid by CME Bitcoin futures clients are rising, also on par with premiums on international exchanges. However, Arcane also cautioned that there is still significant leverage in the market, with “elevated” open interest.

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