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Sango – The First National Digital Monetary System built by the Central African Republic powered by Blockchain

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BANGUI, Central African Republic, July 19, 2022 /PRNewswire/ — The world was taken by surprise when the President of CAR , Faustin-Archange Touadéra, made his announcement regarding the adoption of Bitcoin as legal tender on the 21th of April and then with the following implementation of the SANGO Coin (https://sango.org/ ) on the 3rd of July.

To view the Multimedia News Release, please click:
https://www.multivu.com/players/uk/9070251-sango-first-national-digital-monetary-system-built-by-central-african-republic/

In this regard, the Central African Republic, a country located in the heart of Africa, a region with untapped growth potential, is working on a new structure for its economy, paving the way to a digital future:

“There is already a vision for Africa: a common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth.” Faustin-Archange Touadéra, president of the Central African Republic.

The Central African Republic plans to raise a total of $1 Billion by issuing the first national digital currency, called SANGO. Once raised, the capital will be used to tokenize the country’s resources, offering worldwide investors the opportunity to contribute, benefit from it, and to build the entire digital infrastructure, based on Sango blockchain, a novel Layer-2 Bitcoin sidechain.

With more than $2.2 Trillion in Iron ore and a further $60 Billion in each individual resource of Gold, Oil, Diamonds and Lithium, CAR is leading the way to the democratisation of access to resources. Tokenization allows access to global capital in a democratic and transparent way, allowing investors of all sizes to buy fractionalized assets representing the country’s resources.

From the decentralisation and tokenization of its resources, to offering citizenship, e-residency and land through locking the newly issued coin, Sango will govern the whole economic ecosystem of the Central African Republic. It already appears that other African countries are showing significant interest in finding similar digital solutions.

The initiative has already gone mainstream as it is backed by the country’s administration and also applauded by big names in the industry and Africa.  Changpeng Zhao (Binance), Michael Saylor (MicroStrategy), Ricardo Salinas Pliego (Salinas Group) and Reuben Abati (Nigerian Presidential Spokesperson) are among those that have shown their support on Twitter since the official announcement.

The official GENESIS PAPER { https://sango.org/genesis-paper.pdf } of Sango has been released together with the Concept Deck for a complete understanding of the technical complexity and benefits of the ambitious Central African project. SANGO, the first national digital currency is also the first currency to be fractionally backed by Bitcoin “digital gold”.

Starting from yesterday, the platform is also open for registrations and KYC. The official launch date of the SANGO GENESIS has been set to the 25th of July and it will mark the beginning of a new era for the Central African Republic and perhaps for the entire world.

This new economical approach sheds more light on the integration and potential participation of the entire world in a country’s development, with limitless investment possibilities for anyone in the crypto space and beyond it.

For more details about Sango: https://sango.org/

Twitter: https://twitter.com/sangoproject

Photo – https://mma.prnewswire.com/media/1860550/SANGO.jpg
Logo – https://mma.prnewswire.com/media/1860551/Sango_Logo.jpg

 

 

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Coin Market

Bitcoin ETFs on $3B ‘bender,’ log first full week of inflows in 5 weeks

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Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.

On April 25, the 11 spot Bitcoin (BTC) ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had a full week of inflow days was the week ending March 21.

Strong inflow week turns April into positive month

ETF analyst Eric Balchunas said in an April 24 X post that “ETFs are on a Bitcoin bender.”

“What’s really notable here is just HOW FAST the flows can go from 1st gear to 5th gear,” Balchunas said, forecasting that some of those flows may be due to the “basis trade back in effect.”

Source: Satoshi Stacker

Amid ongoing financial and macroeconomic uncertainty, spot Bitcoin ETFs have experienced a volatile April, with nine out of the total 18 trading days so far being outflow days. 

However, a strong surge of inflows over the past week has turned the month positive, bringing total net inflows for April to approximately $2.26 billion.

On the same day, Strategy founder Michael Saylor reportedly said at the Bitwise Invest Bitcoin Corporations Investor Day that BlackRock’s iShare Bitcoin ETF “will be “the biggest ETF in the world in ten years.”

Related: 5 Bitcoin charts predicting BTC price rally toward $100K by May 

Just two days prior, on April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards. IBIT was also the recipient of Crypto ETP of the year.

Meanwhile, Bitcoin’s spot price continues to hover around the $95,000 price level, currently trading at $94,613 at the time of publication, according to CoinMarketCap data. Institutions are continuing to raise their bullish price targets.

Billion-dollar asset manager ARK Invest recently raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.”

ARK’s “bear” and “base” case scenarios for the price of Bitcoin were also bumped up to $500,000 and $1.2 million.

Magazine: Pokémon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express

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Technology

The New DePin: OKZOO’s Environmental AIoT Machine Network Leads New Tech Trend

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HO CHI MINH CITY, Vietnam, April 26, 2025 /PRNewswire/ — The “new DePin” (Decentralized Physical Infrastructure Network) trend is arising, as OKZOO’s AIoT devices see explosive growth and traction.

AIoT is short for AI combined with Internet of Things (AIoT), a new category that bridges physical hardware with decentralized network. OKZOO uses AIoT devices to gather environmental data such as noise pollution, air pollution, CO2 levels, and humidity.

OKZOO has already seen massive adoption with 12 million ecosystem users, primarily through its virtual AI pet apps OKZOO V1 and V2.

How AI Pets and Portal Devices Collect Environmental Data

OKZOO’s development began with an intriguing hypothesis: could engaging pet applications serve as the foundation for sophisticated real-world AIoT networks? The team systematically validated this concept through strategic platform iterations.

Their V1 release, a straightforward pet simulator, attracted 7 million users, demonstrating that emotional connections remain powerful in today’s digital landscape. Following this achievement, V2 introduced AI-powered pets capable of learning and evolution, gaining 700,000 users within its initial month.

This validated market traction led to the creation of the P-mini—a compact AIoT device that integrates digital pets with environmental monitoring technology. The P-mini o1 incorporates both sensor technology and an interactive AI companion that reacts to environmental conditions, enabling digital pets to exist in contexts beyond traditional screens.

Traditional environmental monitoring faces significant challenges: data sparsity, lack of real-time granularity, and verification difficulties. Government sensors provide only generalized data that misses hyperlocal variations in air quality, noise pollution, and other environmental factors that directly impact daily life.

This creates blind spots in urban environments where pollution levels can vary dramatically between neighborhoods or even streets.

The P-mini addresses these gaps by creating a grassroots network of sensors collecting street-level data. What sets OKZOO apart from conventional DePin networks is its innovative approach to user engagement. Rather than relying solely on financial incentives, the P-mini integrates virtual pets that respond to environmental surroundings, transforming data collection into an interactive, emotional experience.

In-House Manufacturing Capabilities

A key competitive advantage for OKZOO lies in its in-house manufacturing capabilities. Unlike many projects that rely on third-party manufacturers, OKZOO controls its hardware production process, ensuring scalability, quality control, and faster iteration based on user feedback. This vertical integration allows for rapid adaptation to market demands and technological advances.

The ecosystem operates on an incentive model that rewards users for running P-mini devices and contributing environmental data. These contributions establish a comprehensive database powering sophisticated AI applications ranging from customized health guidance to urban planning solutions.

As environmental awareness becomes increasingly important, OKZOO positions itself at the intersection of utility and engagement. By making data collection enjoyable through pet companions, the project creates sustainable user participation while addressing real environmental monitoring needs.

For a market seeking practical applications, OKZOO’s unique positioning across AI, environmental monitoring, and hardware manufacturing presents a compelling vision for addressing real-world challenges while creating engaging user experiences.

Website: https://okzoo.app/en
X: https://x.com/okzoo_app

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/the-new-depin-okzoos-environmental-aiot-machine-network-leads-new-tech-trend-302438894.html

SOURCE OKZOO

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Technology

CCTV4: 20th China Film Huabiao Awards

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BEIJING, April 26, 2025 /PRNewswire/ — The latest data from the National Film Administration have revealed that the box office revenue of the mainland Chinese film market has already passed the 25 billion yuan (US$3.4 billion) mark in 2025. This compares to 42.5 billion yuan (US$5.8 billion) for the whole of last year, and shows that Chinese cinema is continuing to dominate the global film market. In 2025, the world is celebrating 130 years of cinema and China is marking the 120th anniversary of its own film industry. On April 27th Qingdao in Shandong Province is hosting the 20th China Film Huabiao Awards ceremony. Hundreds of industry luminaries will gather for the event, the theme of which is “Building Dreams through Film, Embracing the Spirit of the Era”. Together they will honor the collaborative and pioneering spirit of China’s filmmakers and celebrate the outstanding progress made by its film sector. The gala will be broadcast live on the CCTV-6 Movie Channel and the CCTV-4 Chinese International Channel, with simultaneous online coverage on China Media Group’s multi-platform networks, the Movie Channel’s own digital ecosystem, and other online platforms.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cctv4-20th-china-film-huabiao-awards-302438895.html

SOURCE CCTV4

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