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Pi Network (PI) News Recap November 7th
Pi Network (PI) News Recap November 7th
Author: Dimitar Dzhondzhorov
Last Updated Nov 7, 2024 @ 12:37
Here are some of the latest developments surrounding Pi Network.
TL;DR
Pi Network extended the KYC deadline to November 30, urging users to join as validators and earn Pi tokens.The latest Pi Node update moves nodes closer to mainnet, with a roadmap reveal expected in December 2024.
The Latest Updates
Pi Network – a crypto project that aims to enable users to mine digital assets directly from their smartphones – has been around since 2019. Despite that, it remains quite controversial due to the minimal technical information about its operations and the fact that its native token and open mainnet have yet to see the light of day.
Earlier this year, the team behind the project hinted that such milestones might be approaching, claiming that over 13 million people have already passed the necessary KYC procedures. At first, the developers advised people to complete verifications by the end of September, later extending the deadline to November 30.
“One month left to secure your Pi reminder — Complete first Grace Period deadline by submitting your KYC application by November 30, 2024,” the team recently alerted.
The team also announced a surge in KYC requests and encouraged users to join as validators. Participants who contribute accurately were promised Pi tokens as a reward for their efforts.
Last month, Pi Network released Pi Node Version 0.5.0, a development described as “a major update preparing nodes for the mainnet blockchain.”
“This update transitions Nodes to the Testnet2 blockchain, simulating the Mainnet environment and testing the switch between Testnet and Mainnet blockchains. The original Testnet will remain active for now but will soon close for Node use. Original Testnet will continue functioning as normal for Pioneers and Pi app developers,” the disclosure reads.
More Clarity Next Month?
At the end of August, PiBridge—a decentralized finance platform connecting Pi Network with other blockchains—held a talk show. Although many expected details about the mainnet launch, the group provided no new information.
Soon after, however, the Pi Core Team announced that they would reveal the open mainnet roadmap, which would enable official Pi token transactions, in December 2024.
This announcement stirred mixed reactions in the community, with some cheering the potential development while others interpreted it as yet another delay.
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Author: Dimitar Dzhondzhorov
Last Updated Nov 7, 2024 @ 12:37
Here are some of the latest developments surrounding Pi Network.
TL;DR
Pi Network extended the KYC deadline to November 30, urging users to join as validators and earn Pi tokens.The latest Pi Node update moves nodes closer to mainnet, with a roadmap reveal expected in December 2024.
The Latest Updates
Pi Network – a crypto project that aims to enable users to mine digital assets directly from their smartphones – has been around since 2019. Despite that, it remains quite controversial due to the minimal technical information about its operations and the fact that its native token and open mainnet have yet to see the light of day.
Earlier this year, the team behind the project hinted that such milestones might be approaching, claiming that over 13 million people have already passed the necessary KYC procedures. At first, the developers advised people to complete verifications by the end of September, later extending the deadline to November 30.
“One month left to secure your Pi reminder — Complete first Grace Period deadline by submitting your KYC application by November 30, 2024,” the team recently alerted.
The team also announced a surge in KYC requests and encouraged users to join as validators. Participants who contribute accurately were promised Pi tokens as a reward for their efforts.
Last month, Pi Network released Pi Node Version 0.5.0, a development described as “a major update preparing nodes for the mainnet blockchain.”
“This update transitions Nodes to the Testnet2 blockchain, simulating the Mainnet environment and testing the switch between Testnet and Mainnet blockchains. The original Testnet will remain active for now but will soon close for Node use. Original Testnet will continue functioning as normal for Pioneers and Pi app developers,” the disclosure reads.
More Clarity Next Month?
At the end of August, PiBridge—a decentralized finance platform connecting Pi Network with other blockchains—held a talk show. Although many expected details about the mainnet launch, the group provided no new information.
Soon after, however, the Pi Core Team announced that they would reveal the open mainnet roadmap, which would enable official Pi token transactions, in December 2024.
This announcement stirred mixed reactions in the community, with some cheering the potential development while others interpreted it as yet another delay.
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LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Binance CEO Zhao faces sentencing over money laundering violations
#usdt #bnb #btc $BTC
Synopsis
Ex-Binance CEO Changpeng Zhao may receive an extended sentence for violating U.S. money-laundering laws. Prosecutors seek deterrence. Legal expert Robert Fisher surprised. Sam Bankman-Fried faces 25 years for $8 billion theft, appealing his conviction.
The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws.
U.S. prose
Synopsis
Ex-Binance CEO Changpeng Zhao may receive an extended sentence for violating U.S. money-laundering laws. Prosecutors seek deterrence. Legal expert Robert Fisher surprised. Sam Bankman-Fried faces 25 years for $8 billion theft, appealing his conviction.
The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws.
U.S. prose
Pi Network (PI) News Recap November 7th
Pi Network (PI) News Recap November 7th
Author: Dimitar Dzhondzhorov
Last Updated Nov 7, 2024 @ 12:37
Here are some of the latest developments surrounding Pi Network.
TL;DR
Pi Network extended the KYC deadline to November 30, urging users to join as validators and earn Pi tokens.The latest Pi Node update moves nodes closer to mainnet, with a roadmap reveal expected in December 2024.
The Latest Updates
Pi Network – a crypto project that aims to enable users to mine digital assets directly from
Author: Dimitar Dzhondzhorov
Last Updated Nov 7, 2024 @ 12:37
Here are some of the latest developments surrounding Pi Network.
TL;DR
Pi Network extended the KYC deadline to November 30, urging users to join as validators and earn Pi tokens.The latest Pi Node update moves nodes closer to mainnet, with a roadmap reveal expected in December 2024.
The Latest Updates
Pi Network – a crypto project that aims to enable users to mine digital assets directly from
What Does BNB Stand For in Cryptocurrency?
Have you ever wondered what BNB stands for in the world of cryptocurrency? BNB actually stands for Binance Coin, which is the native cryptocurrency of the popular exchange platform Binance. Binance Coin plays a crucial role in the Binance ecosystem, offering various benefits to its holders. In this article, we will delve into the meaning of BNB, its uses, and its significance in the blockchain industry.
What is BNB?
Binance Coin (BNB) is a digital asset that was launched by the Binance cryptocur
What is BNB?
Binance Coin (BNB) is a digital asset that was launched by the Binance cryptocur
#The Name Of Allah who give us ablety to alive for being struggle in life
I start my work by the name of my Allah
Good Morning My Good Friends
I start my work by the name of my Allah
Good Morning My Good Friends
$
Trump Calls For U.S. Monopoly On BitcoinBitcoin +1.3% Mining
“We want all the remaining Bitcoin to be MADE IN THE USA!!!,” Donald Trump said in a post on his social media platform Truth Social. The former president and presumptive Republican nominee, embracing cryptocurrency after years of skepticism, is using digital assets to score points with voters. Incumbent Joe Biden has been less enthusiastic about the sector, although the Block reported that his reelection campaign may accept crypto donations.
Trump claimed bitcoin “may be our last line of defense against” a central bank digital currency (CBDC), reiterating opposition to a so-called digital dollar issued by the Federal Reserve. The Fed has explored the concept but not expressed an opinion on whether it is a good idea. Trump has branded a CBDC a “dangerous threat to freedom” and vowing to block its creation if reelected.
Mining remaining bitcoin in the U.S. will also help the country be “ENERGY DOMINANT” Trump wrote. Bitcoin mining consumes significant amounts of energy, but it can be turned off during peak demand periods and throttled at other times, rewarding electricity generators who add capacity with stable usage.
Meanwhile, bitcoin miner Core Scientific is on a roll as it repurposes some of its energy-guzzling hardware for the high-performance computing (HPC) that underpins artificial intelligence operations. Core unveiled new details about the 300 megawatts of available HPC infrastructure that will be added to 200 megawatts committed under a recent deal with AI hyperscaler CoreWeave. CoreWeave liked the company so much it tried to buy it, offering $5.75 a share or $1 billion on June 3. Three days later, Core Scientific’s board rejected the offer as undervaluing their company, and the stock ended Friday at $10.33, up 33% for the week.
Trump Calls For U.S. Monopoly On BitcoinBitcoin +1.3% Mining
“We want all the remaining Bitcoin to be MADE IN THE USA!!!,” Donald Trump said in a post on his social media platform Truth Social. The former president and presumptive Republican nominee, embracing cryptocurrency after years of skepticism, is using digital assets to score points with voters. Incumbent Joe Biden has been less enthusiastic about the sector, although the Block reported that his reelection campaign may accept crypto donations.
Trump claimed bitcoin “may be our last line of defense against” a central bank digital currency (CBDC), reiterating opposition to a so-called digital dollar issued by the Federal Reserve. The Fed has explored the concept but not expressed an opinion on whether it is a good idea. Trump has branded a CBDC a “dangerous threat to freedom” and vowing to block its creation if reelected.
Mining remaining bitcoin in the U.S. will also help the country be “ENERGY DOMINANT” Trump wrote. Bitcoin mining consumes significant amounts of energy, but it can be turned off during peak demand periods and throttled at other times, rewarding electricity generators who add capacity with stable usage.
Meanwhile, bitcoin miner Core Scientific is on a roll as it repurposes some of its energy-guzzling hardware for the high-performance computing (HPC) that underpins artificial intelligence operations. Core unveiled new details about the 300 megawatts of available HPC infrastructure that will be added to 200 megawatts committed under a recent deal with AI hyperscaler CoreWeave. CoreWeave liked the company so much it tried to buy it, offering $5.75 a share or $1 billion on June 3. Three days later, Core Scientific’s board rejected the offer as undervaluing their company, and the stock ended Friday at $10.33, up 33% for the week.
(History of Binance Coin)
Originally issued as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB was initially created to offer users discounts on trading fees within the Binance ecosystem, but its utility has expanded significantly.
Originally issued as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB was initially created to offer users discounts on trading fees within the Binance ecosystem, but its utility has expanded significantly.