Phoenix Group PLC, listed on
ADX, and Tether are set to create a new
UAE Dirham-pegged stablecoin, marking a significant step in the integration of traditional financial structures and the innovative field of cryptocurrency. The
Bitcoin market seems to be embarked on a bullish trend, crossing the $72,000 threshold and eyeing $80,000 as its next major target. Noticeably, there are fewer Bitcoins on exchanges as investors have withdrawn $2.73 Billion recently. Meanwhile,
Meme coins have been experiencing a rollercoaster ride. Dogecoin, Satoshi, and other meme currencies underwent major rallies followed by significant bearish shifts.
Dogecoin's anticipated 60% rally seems to be delayed due to unknown causes.
Altcoin in general seems to be losing strength, leading to concerns for individual currencies like
Litecoin and
Bonk. On a brighter note,
Crypto miner firm Phoenix has been experiencing success following an Abu Dhabi
IPO that saw surges of up to 50%. However, the firm's share listing was delayed amid business adjustments. Phoenix Group's entrance to the crypto market also saw the acquisition of $187 Million worth of
crypto mining rigs.
BONK coin faces a stability threat amid falling demand for cryptocurrencies. However, Bitcoin seems to be preparing for a surge.
ADX Coin News Analytics from Tue, 15 Aug 2017 07:00:00 GMT to Wed, 20 Nov 2024 18:00:00 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor -3
