Crypto Miner Phoenix Group Says Abu Dhabi IPO Was 33-Times Oversubscribed

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Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report

Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber.  The Bloomberg report cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized. Phoenix Technology is a UAE-based mining operator which is developing one of the largest mining facilities within the Middle East. The company has distribution rights for various tech hardware manufacturers throughout the Middle East, Africa and Turkey.  Cointelegraph reached out to Phoenix…

Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies – Press release Bitcoin News

press release PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led by founding keystone members – blockchain technology platform Phoenix and leading China-based consumer data and AI company APEX Technologies. FLC’s vision is centered on researching, developing, and promoting cutting-edge technologies surrounding federated AI, including federated learning, blockchain-enabled AI, multi-party computation (MPC), and TEE (trusted…

Mergers and Acquisitions Innovation for DeFi and Web3 Pushed Forward, Crypto Collapse Phoenix – Sponsored Bitcoin News

sponsored In 2021, the global cryptocurrency market was valued at US$ 1,782 Billion. Sectors like DeFi and NFTs allowed individuals to earn high yields on their investments and create unique collectables as web3 introduces decentralized and permissionless ownership of assets to individuals. Acquire.Fi is creating the first-of-its-kind Mergers and Acquisitions (M&As) marketplace for web3, crypto, blockchain, and NFT companies or IPs. The platform is equipped with crowdfunding and fractionalized ownership through NFTization. The project is steadfast in enabling all investors to participate in wealth-building M&A opportunities using cryptocurrency. A Platform…

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Phoenix Suburb Now Takes Bitcoin for Utility Bills

Chandler, a Phoenix suburb, on Wednesday said that residents can pay in bitcoin, ether and litecoin (LTC) held in their PayPal (PYPL) accounts. But the city won’t ever touch those coins; its utility payments processor Invoice Cloud will sell it all for fiat, a press release said. Source

UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs

U.A.E.-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Dubai. Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders for over $2 billion worth of crypto mining application-specific integrated circuits (ASICs) in the third quarter of 2022. Phoenix’s mining facility will consume over 600MW of electricity and will further expand to reach 1.4GW within the next 18-24 months,…

Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch

It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly — from $3.79 million to around $777,680 in the same period. Phoenix Global (PHB) price action in the last 24 hours. Source: CoinMarketCap Nonetheless, at the core of the massive PHB pump was a token migration and a technical glitch, which CoinMarketCap has now…

Alphabet-Backed Waymo to Scale Up Its Robo-Taxi Services in Phoenix

Waymo One app users can access unmanned robo-taxi services at nearly 81-square kilometers around Phoenix. Alphabet Inc (NASDAQ: GOOGL) subsidiary company Waymo, an autonomous driving technology development company, announced that it will not only scale up its robo-taxi hailing services in Phoenix but will also begin to offer rides in minivans with no human assistant on board. Notably, the robo-taxi industry has boomed during the COVID-19 pandemic as social distancing has become the new norm due to the high coronavirus infection rate. As a result, different global tech companies are…