⇑ Phoenix Coin Flourishes amid Market Volatility and Regulatory Challenges
Tether , the largest stablecoin issuer, plans to develop a UAE Dirham-pegged stablecoin in partnership with the Phoenix Group . This...
The following summaries revolve around various news related to the crypto and mining industry and, more specifically, about the surge of Phoenix Coin. The Phoenix Group, after a massively oversubscribed IPO raising $370M, revealed a spectacular growth of the Black Phoenix (BPX) coin, reaching a staggering 4,000,000% increase within only 24 hours. This growth came along with concerns as the group’s Phoenix BCH Miner elevates the hashrate to new highs. Meanwhile, Bitcoin mining company Phoenix Group reported a significant increase in its net income and sales growth.
Adding to the innovation, Phoenix and Neo joined forces to power a new era of AI-Enhanced Blockchain Technology. Furthermore, Phoenix invested a massive $187 Million in Bitmain BTC-Mining Machines Acquisition, and a $380M deal was secured with WhatsMiner for green, sustainable Bitcoin mining. The recent development further boosted the Phoenix Group's positioning in the sector, making it a major player in the world of cryptocurrencies.
In a strategic move, Phoenix Group, along with the globally famous Tether, are planning to create a UAE Dirham-pegged stablecoin, enhancing the scope of crypto assets within the Middle East region. Meanwhile, legal and regulatory issues drive Phoenix and Wasabi to exit the US markets.
Phoenix Coin News Analytics from Thu, 01 Dec 2016 08:00:00 GMT to Fri, 13 Sep 2024 19:54:17 GMT - Rating 3 - Innovation 7 - Information 4 - Rumor 1
