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Amid his numerous warnings of an imminent financial crash, Robert Kiyosaki has shared his most important lesson – the rich don’t work for “fake” cash. Instead, he pointed out that the rich focus on investing in “real assets” like rental properties, gold, silver, and the maiden cryptocurrency – Bitcoin (BTC). Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ said that taxes, inflation, and the stock market serve to rob people of their “fake money,” which is why the rich work for assets that put “tax-free money in their pocket,” as he explained in an X post on November 2. Rich vs. poor According to Kiyosaki, this refers to “cash flow assets such as rental properties, oil, food production,” and instead of saving “fake $, the rich save gold, silver , Bitcoin.” On the other hand, “the poor and middle class want jobs that promise a steady paycheck but offer no job security.” “Even worse, the poor and middle classes work at jobs that pay taxa...

In a bid to diversify its economy beyond traditional sectors like tourism, Ras Al Khaimah, celebrated for its cultural treasures, is turning its attention to the digital asset industry. On October 19th, Ras Al Khaimah’s ruler, Sheikh Mohammed bin Saud bin Saqr Al Qasimi, inaugurated the RAK Digital Assets Oasis (RAK DAO), a novel economic free zone designed to bolster businesses involved in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI). As previously reported by Cointelegraph, this free zone will serve as a haven for digital and virtual asset service providers operating in emerging technologies such as the metaverse, blockchain, utility tokens, virtual asset wallets, nonfungible tokens, decentralized autonomous organizations (DAOs), decentralized applications, and other Web3-related enterprises. RAK DAO, in collaboration with its ecosystem partners, will also administer grant programs and provide specialized support in various technology, marke...

Concerns regarding a possible US government shutdown catalyzed purchases of cryptocurrency investment products between Sept. 23 and 29.  According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments. “The recent regional divergence persists, with the US seeing outflows totaling US$19m last week, while Europe and Canada saw inflows of US$23m and US$17m, respectively.” CoinShares report Bitcoin (BTC) funds recorded an inflow of $20.4 million after an outflow of $6 million in the previous reporting period. From structures that allow opening shorts on the first cryptocurrency, investors withdrew $1.5 million (a week earlier, $2.8 million). Source: CoinShares Altcoin-based products showed m...

During a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization is enabling solutions never seen before. The Boston Consulting Group estimates the token ization of real-world asset s could become a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems. During a panel moderated by Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization can be applied to real-world assets, and how it is enabling solutions never seen before. "Our farmers, in Kenya, receive their payouts days after the harvesting season ends. If they have less yield than expected, then they receive a payout immediately. In the traditional insurance space, they need to wait six months. And that can mean th...

Investing involves understanding and leveraging that knowledge to identify discrepancies between an asset’s value and its current price. Google has embraced digital assets by updating the Google Play Store Policy, now allowing non-fungible tokens (NFTs) and other blockchain-based application content. This aligns with a recent US court ruling declaring XRP as not a security and major American money managers expressing a positive stance on Bitcoin. A clear directional shift is underway in the crypto market, and savvy investors who are watching recent developments have likely taken note. Notably, a substantial disparity exists between the current valuations of top altcoins and their intrinsic value. The demand for Polkadot, Cardano, and DigiToads is soaring as experienced market actors seek to profit from this inefficiency.  DigiToads emerging as market leader DigiToads and several other new decentralized finance (DeFi) projects are perceived to offer signific...