Tether plans to launch dirham stablecoin with UAE partners

Tether teams up with the UAEs Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances.

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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 comes as the network’s native BCH token hit a four-month low following a broader market crash and the defunct Mt. Gox BCH repayment plans. Phoenix mines 90% of BCH […]

The post Bitcoin Cash hash rate hits yearly peak as Phoenix dominates 90% of the network appeared first on CryptoSlate.

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Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth

After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20% increase in its annual sales compared to the previous year. Dubai Bitcoin Miner Phoenix Group Records Substantial Increase in Year-on-Year Sales [...]

The post Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth appeared first on Crypto Breaking News.

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Tether to launch dirham-pegged stablecoin on TON

Tethers senior strategic partnership manager, Alessandro Giori, said that TON is the fastest blockchain to reach 1 billion USDT since its launch.

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