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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 following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...

Bummer: PS5 Entering 'The Latter Stage Of Its Life Cycle,' Sony Says


Sony announced its third-quarter earnings on February 14, and they weren’t exactly full of glad tidings for PlayStation fans. For starters, the company revealed it doesn’t plan to release any new titles in its major franchises for the remainder of 2024. Sony execs also said that its current-gen...

PlayStation 5 Is About To Have A Quiet Year


If you were wondering what Sony’s up to after its latest State of Play presentation didn’t have much in the way of first-party games, it sounds like there was a reason for that. It looks like PlayStation 5’s 2024 will have a dearth of first-party games over the next year, as the company...

Bitcoin ETFs' First Month Is in the Books: How It Went and What Comes Next


Excitement was high about one month ago, when TradFi once again got the regulatory go-ahead to launch an entirely new investment vehicle for crypto. The process of bringing to the U.S. market a spot bitcoin ETF took more than a decade, but on Jan. 11, 10 such products finally began trading. It’s...

Report: Xbox Boss Tells Staff It Will Continue To Make Consoles


A new report claims Xbox boss Phil Spencer told employees that Microsoft has no plans to exit the console business. This comes during a large online firestorm around Xbox and its future following rumors that some big exclusives might land on PlayStation 5. Read more

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