Digital asset management company XBTO has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to begin operations in the United Arab Emirates. The company, which provides digital asset services to institutional investors outside the United States, will continue to operate its existing offices in Bermuda, London and Paris, while leveraging its presence in Abu Dhabi to better serve clients in the Middle East, according to a company statement.

Phoenix and Tether Collaborate to Launch Digital Currency Linked to UAE Dirham

Tether, the developer of the world’s largest stablecoin, has announced plans to launch a new digital token pegged to the United Arab Emirates dirham (AED) in collaboration with Abu Dhabi-listed Phoenix Group (PHX). The move marks Tether’s expansion into offering stablecoins pegged to new fiat currencies, providing more options for users looking for stable digital assets.

Digital currency trading strategies
Cryptocurrency trading can be a profitable opportunity for those who understand the market and use effective strategies. To avoid the volatility in the world of cryptocurrency trading, it is necessary to be equipped with reliable methods. Here are five main cryptocurrency trading strategies every trader needs to know: moving average crossovers, scalping, dollar cost averaging (DCA), relative strength index (RSI), and smart money. Each strategy has its own unique benefits and risks, making it suitable for different types of traders. #CryptoTradingGuide