New project

SHIB and DOGE accepted by YachtZoo for booking superyachts in French Riviera.
Renowned yacht charterer Camper & Nicholsons struck a deal with BitPay in May.
SHIB & DOGE recorded similar 2% gains in the last 24 hours.
Shiba Inu (SHIB) managed to sail through the hardships of the crypto thunderstorm and open a new chapter for the SHIB Army. Starting this summer, SHIB holders will be able to rent luxury yachts for charter online.

«Monacan Luxury Yacht Brokerage Yachtzoo Now Accepts Crypto Payment Via Bitpay»Discord: https://t.co/GERZrQjnkR pic.twitter.com/If8CEMxkxo
— Beacon Global () July 18, 2022

Voyage in the French Riviera with SHIB or DOGE
The top memecoins have found favor among yacht charterers in the French Riviera. Recently, YachtZoo, a Monaco based luxury yacht service, partnered with BitPay to bring crypto to their website as a method of payment.

To find the dream deal, users can search according to four filters: yacht length, price range, number of cabins, and build. The company offers a wide selection of retro ships, including classics like Trinakria and Kalizma, both of which were built before World War II. The Trinkaria (1927) comes at a price of $70,000 a week, while the oldest motor yacht for charter, Kalizma (1906), will run potential sailors $90,000 a week.

A new trading strategy has emerged for BTC.
An expert at Bespoke Investment Group pinpointed that ‘BTC buying at the open and selling at the stock market close’ has happened for the coin.
The reason expected for this strategy might be linked with the busier news cycle in the after-hour market.
Bloomberg reported that the popular trading strategy that Bitcoin had been following is not available in the current chart pattern. In detail, analysts say that the strategy of ‘buying the coin at the close and selling at the open of the US stock market’ may not exist anymore.

Jake Gordon, a research analyst at Bespoke Investment Group, observed that contrary to the previous approach, people are currently buying BTC at the open and selling it at the close. This would mean that the time-tested strategy of the coin has come to an end.

Gordon specified that this new trading strategy began over the past month. He wrote: “The price action of Bitcoin and Ethereum have pivoted from intraday weakness earlier this year to intraday strength.” According to reports, people who buy the US stock market’s open and sell the close actually received higher profits.

In April, the Central African Republic (CAR) became the first country in Africa, and second in the world, to recognize bitcoin as legal tender. Now, the CAR government looks set to make Bitcoin an official reserve asset.

The CAR to Make Bitcoin a Reserve Asset

In a follow-up to its decision to legalize bitcoin, the Central African Republic has hinted at plans to leverage the world’s largest cryptocurrency as a reserve asset.

Installing bitcoin a reserve currency would mean that the CAR would hold the leading crypto along with other currencies and assets in a pool of resources for use in transfers and balancing international transactions and payments.

According to reports, the CAR national assembly passed the bill after Minister of Digital Economy Gourna Zacko, and Minister of Finance Calixte Nganongo developed the proposal.

The CAR Prepares to Launch Sango

An email sent to pre-registered investors revealed that the Central African Republic intends to launch the Sango Coin on July 21st. Sango will be the “national digital currency” of the CAR.

According to Sango Coin whitepaper, the crypto will tokenize the vast mineral resources of the Central African Republic. Sango will launch with a minimum investment of $500 to be paid in crypto, with available options for such investments including BTC and ETH.

On the Flipside

The pro-bitcoin stance of the CAR has raised questions among economic analysts, and the International Monetary Fund has issued the country a warning that the move could backfire