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UAE Adopts Regulatory Flexibility to Boost Crypto Investment The United Arab Emirates (UAE) continues to make strides in embracing the crypto industry, with recent reports highlighting its adoption of accommodative regulatory policies to encourage further investment. Aiming to capitalise on the potential of Web3 applications, the Dubai Multi Commodities Centre (DMCC) has outlined opportunities within the decentralised digital infrastructure, including cryptocurrencies, DeFi, and the metaverse.

Ever since the emergence of artificial intelligence (AI) as a public resource, many industries and operations have greatly benefited from AI's powerful automation and analytical abilities, including healthcare, design and social media; to name a few. When it comes to finance, one area that has greatly benefited is portfolio management, as financial professionals can now automate a lot of manual tasks in order to free up their time.

The Dogecoin price has encountered a slight dip of 5.26% over the past 24 hours, settling at $0.1482 as the broader crypto market experiences a 2% downturn. Despite this, DOGE has sustained an 18.6% increase over the past week, although it has faced a 27% decline over the last month.

April Crypto Market Recap In April, the cryptocurrency market experienced a notable pullback after reaching all-time highs in March. Bitcoin, which soared above $73,000 fueled by inflows to new spot Bitcoin ETFs, saw a correction, finishing the month just above $60,000. Similarly, Ethereum, which surged to over $4,000 in March, retreated below $3,000 as hopes for spot Ethereum ETF approval lingered.

NEO (NEO) is a prominent cryptocurrency associated with the NEO blockchain, often dubbed as the "Ethereum of China." Established as an open-source decentralised platform in 2014, NEO facilitates the creation of decentralised applications (Dapps) and smart contracts. Unlike traditional cryptocurrencies, NEO operates on a dual-token mechanism, separating governance rights from network usage rights.

A new phenomenon that has increasingly gained traction lately is the notion of including crypto in retirement plans and allowing individuals to get exposure to cryptocurrencies like Bitcoin and Ethereum as they work towards early retirement. This uptake in interest can be highlighted by an Investopedia survey in 2022, which showed that a third of investors under age 55 would have a significant focus on crypto during retirement.

The cryptocurrency market is abuzz with activity as investors navigate through a series of ups and downs. Amidst the volatility, various developments have emerged, shaping the trajectory of digital assets. FTX to Auction Remaining SOL Tokens FTX, a bankrupt cryptocurrency exchange, has opted to auction off its remaining Solana (SOL) tokens rather than pursue direct sales.

Ripple, the blockchain company behind XRP, has contested the Securities and Exchange Commission's (SEC) request for a hefty $2 billion penalty. In a recent filing, Ripple argued that the proposed fine is excessively punitive and disproportionate to the alleged violations. Instead, Ripple proposed a much lower penalty of $10 million, emphasising that this amount is more in line with the nature of the alleged violations and the company's actual conduct.

As the crypto market continues to gain further momentum and interest in 2024, more and more investors are looking to crypto-financial advisors to help them navigate this complex market, and will often pay handsomely for their help. So, with digital currencies like Bitcoin and Ethereum now firmly embedded in mainstream finance, expert guidance is becoming increasingly sought after, and this has opened up a whole new subsection within the financial services industry; and a lucrative one at that.