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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...

1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets. Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization. South Korea’s National Tax Service (NTS) issued an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year. The total reported amount in crypto was 130.8 trillion Korean won (KRW), or $98 million, which makes up more than 70% of the total amount in all reported overseas assets. According to the official data, a total of 5,419 entities reported their overseas financial accounts, holding a total of 186.4 trillion KRW ($140 million) in assets like cryptocurrencies, stocks as well as deposits and savings. While cryptocurrencies were the biggest reported overseas assets by the amount of reported assets ,...

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...