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Unicoin to Acquire Majority Stake in Diamond Lake, Potentially Initiating Altcoin Reserve Strategy

Summary: Facing SEC accusations, Unicoin announced plans to acquire 51% of Diamond Lake's shares and rename it DiamondLake, launching an altcoin reserve strategy akin to a similar strategy. Analysts suggest this move may be a bet on the trend of tokenizing real assets and leveraging legislative support to drive the tokenization process. The transaction is estimated ...

Facing SEC accusations, Unicoin announced plans to acquire 51% of Diamond Lake's shares and rename it DiamondLake, launching an altcoin reserve strategy akin to a similar strategy. Analysts suggest this move may be a bet on the trend of tokenizing real assets and leveraging legislative support to drive the tokenization process. The transaction is estimated to be worth over $70 million and is expected to be completed within 20 days. (CoinDesk)

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