Blockchain DXB: 🔴 27th Nov 🔴 🟠 Rumble's $20M BTC Treasury strategy 🟠 Jiva Technologies to add BTC treasury 🚨 Binance delists 5 Tokens 🟢 Morocco Drafts Regulations for Crypto
Blockchain DXB
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27th Nov: Blockchain DXB Podcast🟠 Rumble)'s $20M BTC Treasury strategy 🟠 Jiva Technologies to add BTC treasury 🚨 Binance) delists 5 Tokens 🟢 Morocco Drafts Regulations for Crypto🎙️ Check out today's Blockchain DXB) episode we discuss why the price of hashtag#Bitcoin) and Cryptocurrencies are going down and much more. Also, check out our AI Driven podcast by Notebook LM by Google), that has a re-cap & shorter version of the episode🟠 Rumble) Announces Bitcoin Treasury Strategy- Rumble a video-sharing platform, has announced a Bitcoin treasury strategy, with its Board of Directors approving the allocation of up to $20 million from the company's cash reserves to Bitcoin. The move aims to strengthen Rumble’s position in the cryptocurrency space and support its strategic growth. Rumble’s CEO, Chris Pavlovski), highlighted Bitcoin's value as a hedge against inflation, emphasizing its adoption due to a crypto-friendly U.S. administration and institutional interest. The actual timing and amount of Bitcoin purchases will depend on market conditions and the company's cash needs. Official info here https://shorturl.at/rM5fy)👀 Jiva Technologies, a Canadian wellness firm, has approved investing up to $1 million in Bitcoin for its corporate treasury, citing Bitcoin's scarcity, inflation hedge potential, and growing institutional adoption. The company, formerly PlantX Life, also focuses on wellness and e-commerce and recently partnered with Kale Coin (KALE). Following the announcement, Jiva's stock rose 36.4% to $0.33. Official info here https://shorturl.at/75esB)🚨 Binance), will delist five tokens—Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN)—by December 10, citing failure to meet industry standards. The announcement triggered a sell-off, causing the tokens to drop by nearly 40%. Trading and borrowing for these tokens will be suspended before full delisting. Binance evaluates projects based on factors like development quality, trading volume, and security, with all five tokens showing declining volumes and liquidity. Community members criticized some projects for lack of updates. They advised users to withdraw or convert affected tokens before December 13. Info here https://shorturl.at/VQqmP)🟢 Morocco is drafting new crypto regulations, reversing its 2017 ban, with support from The World Bank). The central bank is also exploring central bank digital currencies (CBDCs) to advance financial inclusion while considering the broader economic impact. This reflects a growing trend among African nations to regulate the crypto sector. This was announced by Abdellatif Jouahri, the governor of Bank Al-Maghrib). Speaking at an international conference in Rabat. Details here https://shorturl.at/fnwkD)🟠 Two UAE news⚡ AI Office, EHRDC launch '5000 Digital Talent' initiative⚡ Saudi Arabia’s KAUST, and University of Connecticut) Sign Collaboration Deal in AI
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