{"id":87691,"date":"2023-11-30T11:54:42","date_gmt":"2023-11-30T09:54:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87691"},"modified":"2025-09-13T13:26:47","modified_gmt":"2025-09-13T10:26:47","slug":"iota-price-jumps-66-after-abu-dhabi-registration","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/iota-price-jumps-66-after-abu-dhabi-registration\/","title":{"rendered":"IOTA price jumps 66% after Abu Dhabi registration"},"content":{"rendered":"<p>The IOTA token surged in value by 66%. The market reacted to<a href=\"https:\/\/blog.iota.org\/iota-first-dlt-registered-adgm-in-uae\/?wu=1\"> \u0440\u0435\u0433\u0438\u0441\u0442\u0440\u0430\u0446\u0438\u044f<\/a> The IOTA Ecosystem DLT Foundation in Abu Dhabi as the first blockchain organization.<\/p>\n<p>This became possible after the legislation, which<a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/adgm-introduces-the-worlds-first-dlt-foundations-regime-301975937.html\"> \u043f\u0440\u0438\u0440\u0430\u0432\u043d\u044f\u043b\u043e<\/a> the network-development-related entities of the organization and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAO<\/a> to legal entities.<\/p>\n<p>The team unveiled plans in September to establish a regulated Abu Dhabi-based entity to facilitate global network expansion<a href=\"https:\/\/blog.iota.org\/new-foundation-uae\/\"> \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u043b\u0430<\/a>.<\/p>\n<p>The firm\u2019s authorized capital will be $100 million in IOTA tokens, to be unlocked over four years.<\/p>\n<p>Oversight of the IOTA Ecosystem DLT Foundation will be performed by <span data-descr=\"Financial Services Regulatory Authority of the Abu Dhabi Global Market\" class=\"old_tooltip\">ADGM<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBy working with companies such as IOTA, ADGM seeks to move toward a future defined by establishing global benchmarks in the ever-evolving blockchain landscape and<\/em><a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\"><em> Web3<\/em><\/a><em>,\u201d<\/em> \u2014 said Hamad Saya Al Mazrui.<\/p>\n<\/blockquote>\n<p>The market reacted vigorously to the news. IOTA&#8217;s price, on rising volumes, rose from $0.174 to $0.29 over the following seven hours (+66%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-845.webp\" alt=\"1-845\" class=\"wp-image-221191\"\/><figcaption class=\"wp-element-caption\">15-minute chart of IOTA\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/vmhjwGFD\/\"> TradingView<\/a>.<\/figcaption><\/figure>\n<p>As of writing, daily growth slowed to 37.5%, according to<a href=\"https:\/\/www.coingecko.com\/en\/coins\/iota\"> CoinGecko<\/a>.<\/p>\n<p>Earlier in November, mining company Phoenix Group<a href=\"https:\/\/forklog.com\/en\/news\/abu-dhabi-based-mining-firm-phoenix-group-raises-370-million-in-ipo\">raised<\/a> $370 million in an IPO on the Abu Dhabi Securities Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IOTA price surged by 66%. The market reacted to the registration of The IOTA Ecosystem DLT Foundation in Abu Dhabi as the first blockchain organization.<\/p>\n","protected":false},"author":1,"featured_media":87692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1646,1893,36],"class_list":["post-87691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-abu-dhabi","tag-iota","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87691"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87691\/revisions"}],"predecessor-version":[{"id":87693,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87691\/revisions\/87693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87692"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}