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. This announcement occurs alongside the news that the Phoenix Wallet has crossed a significant user threshold, with over 30,000 users registered.
Furthermore, the cryptocurrency Fantom (FTM) and DTX Exchange have been noted as potential high growth altcoins, following the recent success of DOGE. Phoenix coin's (PHB) price surge is expected to continue, thanks to its recent DePINScan listing.
$PHNX, labelled as a Phoenix Memecoin, has reportedly launched with an innovative tokenomics model and a strong focus on its community. Moreover, Phoenix and Neo have begun collaboration on the SKYNET project, which aims to usher in a new era of AI-enhanced blockchain technology.
Other noteworthy highlights include Phoenix Group's launch of a 25MW crypto facility, JDI Group and Tensor's launch of a $20M Phoenix AI Ecosystem Fund, and a $187 million investment in Bitcoin Miners from the Phoenix Group to bolster their mining capabilities.
Phoenix Coin News Analytics from Fri, 07 Sep 2012 07:00:00 GMT to Tue, 12 Nov 2024 22:01:16 GMT - Rating 5 - Innovation 6 - Information 6 - Rumor 3