⇗ Phoenix Coin's Rising Presence in the Crypto Sphere
Ambitious plans have been outlined for the development of a United Arab Emirates (UAE) Dirham-pegged stablecoin by Tether in conjunction with...
The Phoenix Group has gained significant attention in the cryptocurrency sector, with both positive and negative news. After sealing a $380M deal with WhatsMiner for sustainable Bitcoin mining, the group launched a 25MW Crypto Facility, making the Bitcoin Cash Hash Rate rocket 2Xs overnight. Furthermore, the company reportedly surged 50% after a $371M Abu Dhabi IPO that was significantly oversubscribed.
The Phoenix Memecoin ($PHNX) was launched with a community-centric focus and innovative tokenomics. However, Phoenix and Wasabi made a drastic move to exit the US market following governmental crackdown on self-custodial wallets. The Group, nevertheless, has secured partnerships with Tether to launch a UAE Dirham-Pegged Stablecoin, demonstrating its efforts to adapt and remain relevant in the dynamic market.
Phoenix Wallet has cautioned its users to clear funds by a certain deadline, following its delisting from US App Store. In other news, the Phoenix Group Enhanced its mining capabilities through a $187M Bitmain deal, a significant development amidst the Global ASIC Race. Lastly, notable events include the surge of Phoenix Global token by 5,600% and the issuance of commemorative coins by Century Club.
Phoenix Coin News Analytics from Thu, 01 Dec 2016 08:00:00 GMT to Fri, 13 Sep 2024 07:00:00 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 4
