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Category Phoenix Group

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UAE’s Phoenix Group invests in Tether’s Dirham stablecoin

UAE’s Phoenix Group invests in Tether’s Dirham stablecoin

Tether, a global digital asset company and the issuer of USDT stablecoin announced its plans to launch a new stablecoin pegged to the United Arab E...
Phoenix Group Unveils 25MW Crypto Mining Facility in South Carolina

Phoenix Group Unveils 25MW Crypto Mining Facility in South Carolina

Abu Dhabi-listed Phoenix Group has launched a new 25-megawatt cryptocurrency mining facility in Willamette, South Carolina. The post Phoenix Group ...
Bitcoin Cash hash rate hits yearly peak as Phoenix dominates 90% of the network

Bitcoin Cash hash rate hits yearly peak as Phoenix dominates 90% of the network

Bitcoin Cash’s hash rate soared to a yearly high this week after an unknown miner captured around 90% of its blocks within two days. This surge com...
zkSNACKs Bans U.S. Users from Wasabi Wallet and Other Services Following Recent Developments

zkSNACKs Bans U.S. Users from Wasabi Wallet and Other Services Following Recent Developments

ACINQ's Phoenix Wallet and zkSNACKs' Wasabi Wallet have decided to discontinue their services for customers in the United States.  The post zkSNACK...
Crypto Miner Phoenix Group Reports 50% Jump in Net Income

Crypto Miner Phoenix Group Reports 50% Jump in Net Income

UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales follo...