IOTA launches $100 million Abu Dhabi foundation for Middle East expansion

The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation, the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region.

According to the announcement, the new foundation will be supported by $100 million IOTA digital tokens, which will be vested throughout the course of the next four years.

One of the primary goals of the foundation is to push for accelerated growth of its DLT and “convert real-world assets into digital ones” according to the company’s co-founder and chairman Dominik Schiener.

“The market right now is being reshuffled so we have a big… Read more on Cointelegraph

Bitcoin flirts with breakout, price mirrors lead-up to 2012 halving

Bitcoin is eyeing a price breakout after clearing $38,200 earlier today, reaching its highest point in 17 months.

That puts bitcoin up 130% this year, far more than almost all other top-25 cryptocurrencies.

BTC only trails bitcoin cash (BCH), chainlink (LINK) and solana (SOL), which were up 133%, 163% and 508%, respectively, as of 5am ET.

For scale, bitcoin’s year-to-date gains are in line with Tesla stock and double Intel and Microsoft. 

Chipmaker Nvidia is meanwhile up more than 230% on the back of artificial intelligence hype, which made it the ninth company in history to reach trillion-dollar market value. Crypto’s overall market cap is now close to $1.5 trillion, with bitcoin…

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JAN3’s CEO Samson Mow Meets With Suriname President Chan Santokhi

Paramaribo, Suriname, Nov. 28, 2023 — Suriname’s ongoing plans to reshape its economic model have captured the attention of renowned Bitcoin firm JAN3 and its CEO, Samson Mow. JAN3 met with President Chan Santokhi and his administration, laying the foundation for a comprehensive Bitcoin Strategy in Suriname spanning across the entire economy, ranging from financial infrastructure, capital market development to sustainable energy projects. 

JAN3 was formally invited to Suriname by Minister of Foreign Affairs, Albert Ramdin, who has pushed for the nation to discover new economic drivers that can also help drive business and investment into the country. Ramdin had become…

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UK crypto hodlers get a call from the tax grinch

His Majesty’s Revenue and Customs (HMRC) has issued a stern warned crypto users that they must declare and pay their taxes on digital assets within a strict timeframe, or face the consequences. The tax office issued guidance on how to go about declaring and paying taxes on their crypto holdings published on Nov. 29, starts with a clear warning: 

“If you do not contact us to declare your unpaid tax, you could be liable to additional interest and penalties.”

The HMRC specifies the amount of time users are given to pay outstanding taxes will depend on why they didn’t pay up earlier. It suggests taxpayers choose from three options and confess whether they didn’t take enough care,…

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Balaji Srinivasan Net Worth | Million Dollar Gesture

Balaji Srinivasan, an esteemed entrepreneur and technologist whose net worth stands at an impressive $300 million, made waves on Twitter earlier this year with statements about the economy that continues to resonate powerfully today.

Balaji Srinivasan net worth and his insights have increasingly attracted attention as economic conditions evolve. In this video Srinivasan discusses the significant risks facing the global financial system, emphasizing his concern with the powerful message: “I JUST BURNED A MILLION TO TELL YOU THEY’RE PRINTING TRILLIONS.”

The Million Dollar Bet and Beyond

Previously, Balaji Srinivasan made headlines with a million-dollar bet,…

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SEC Investigating Binance for Fraud Similar To FTX

The United States Securities and Exchange Commission (SEC) is still looking into the possibility of Binance and its former CEO Changpeng Zhao’s involvement in potential fraud. SEC investigating Binance for fraud could lead to another massive legal battle similar to FTX.

SEC believes the alleged had control over user funds stored on the Binance.US platform. The agency is looking for similar operations and fraudulent activities observed in the FTX case.

Binance has recently faced serious regulatory troubles. The U.S. Department of Justice (DoJ) and the SEC initiated legal action against the leading digital asset exchange back in June. According to a recent Wall Street Journal…

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Check Out the Top Crypto Gainers of the Day

  1. Dogechain (DC): 38.9%
  2. Sei (SEI): 30.1%
  3. Bounce (AUCTION): 26%
  4. Unibot (UNIBOT): 25.5%
  5. Stacks (STX): 21.3%
  6. SuperRare (RARE): 17.3%
  7. THORChain (RUNE): 14.7%
  8. SelfKey (KEY): 13.3%
  9. Connext (NEXT): 13.1%
  10. Terra (LUNA): 12.2%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Stakeholder urges swift implementation of Nigeria’s blockchain policy

A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria’s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion. 

The president of the Stakeholders in Blockchain Association of Nigeria (SiBAN), Obinna Iwuno, recently highlighted this during an interview at the National Information Technology Development Agency and Stakeholders in Blockchain Technology Association of Nigeria Stakeholders’ Policy Dialogue held in Lagos. Iwuno stressed the necessity of establishing a…

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LATEST: Financial Guru Robert Kiyosaki Flags Impending Depression, Suggests Bitcoin as Economic Safeguard

Renowned author Robert Kiyosaki, famous for “Rich Dad Poor Dad,” warns of an impending global economic depression, citing the crashing Cardboard Box Index as an indicator of declining consumer goods production. Kiyosaki, highlighting the index’s potential in forecasting manufacturing trends, urges immediate action in response to the possible manufacturing slowdown. In his unconventional financial advice, Kiyosaki endorses Bitcoin and the potential approval of Bitcoin Spot ETFs, emphasizing them as alternative wealth havens amid economic turmoil. Despite some dissent over his Bitcoin ETF strategy, Kiyosaki’s warning has stirred attention in the face of global economic uncertainties.

Zipmex proposes to pay creditors 3 cents per dollar

Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million. 

According to a Bloomberg report on Nov. 29, Zipmex could raise the sum from 3.35 cents per dollar to 29.35 cents per dollar “contingent on the recovery.” However, major creditors are reportedly against the proposed scheme and demand an independent review of the company’s liabilities.

Marcus Lim, the CEO of Zipmex, refused to confirm the cited details of a restructuring scheme but mentioned the “inaccuracies” in numbers cited…

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