Phoenix Coin has been making notable buzz in the crypto space recently, with developments ranging from scaling to innovative tokenomics, and an impressive participation in their Initial Public Offering (IPO). Their IPO, led in Abu Dhabi, raised a remarkable $370 million, fueling investor confidence in Middle Eastern cryptocurrency economies. Subsequently, Phoenix's share surged 50% post-IPO, sparked by their growth strategy and development efforts. The crypto miner also secured a $380 million deal with global ASIC race participant, WhatsMiner, for sustainable Bitcoin mining equipment. As an innovative move, Phoenix implemented an exit strategy in the US market due to increasing self-custody wallet regulations. This decision has heightened concerns surrounding
US Markets and regulatory issues. Meanwhile, Phoenix's BCH Miner achieved a new high in its hashrate causing unrest within the community. The self-custodial Phoenix Lightning Wallet Beta, which aimed to reimagine user experience, was also launched.
On the downside, incidents involving a Phoenix Police 'Challenge Coin', reportedly tied to hate speech, resulted in both public outcry and disciplinary actions among law enforcement. In another unfortunate event, there was a report of the owner of Phoenix Coin Shop leaving a customer without goods or payment. Despite these setbacks, the overall performance of Phoenix Coin seems to be on an upward trajectory.
Phoenix Coin News Analytics from Tue, 19 Jun 2018 07:00:00 GMT to Sat, 10 Aug 2024 08:42:38 GMT -
Rating 8
- Innovation 7
- Information 6
