Unicoin to acquire 51% of Diamond Lake Minerals, shift focus to altcoin treasury

Crypto investment firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals, rebranding it as DiamondLake and focusing on building a treasury of emerging altcoins, according to CoinDesk. The move follows a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Unicoin and its executives for alleged securities fraud.