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The native token of the IOTA distributed ledger ecosystem, also called IOTA, witnessed a sudden rally follow ing the announcement of the new IOTA Foundation in the United Arab Emirates (UAE). IOTA is up by 35% in the past 24 hours and is trading at $0.236 at the time of writing. The asset reached a 10-month high of $0.285 shortly after the big announcement. IOTA’s market cap is currently standing at around $720 million with a daily trading volume of $773 million. IOTA price, social volume and total open interest – Nov. 30 | Source: Santiment Despite the recent rally, IOTA is still down by 95% from its all-time high of $5.69 on Dec. 20, 2017.  You might also like: Pando Asset officially files for spot Bitcoin ETF with the SEC On Nov 29, IOTA announced the launch of the $100 million distributed ledger technology (DLT) foundation regulated with the Abu Dhabi Global Market, called the IOTA foundation .  IOTA is the first #DLT Foundation regulated with ...

Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as Anyswap, took to Twitter on July 14 to reveal a rundown which began with the arrest of CEO Zhaojun by Chinese authorities on May 21, stating that the company has been unable to communicate with Zhaojun since his arrest.  1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previously Anyswap) (@MultichainOrg) July 14, 2023 Information given by Zhaojun’s family revealed that authorities confiscated the CEO’s phones, computers, mnemonic phrases and hardware wallets. The seizure, mea...