#$Enacting the KYC and Mainnet Migration Grace Period: A Strategic Step Towards Open Network

Enacting the KYC and Mainnet Migration Grace Period: A Strategic Step Towards Open Network

As stated in the Pi2Day 2024 announcement, the 6 month KYC Grace Period and its rolling 6-month window (the “Grace Period”) was enacted as of July 1st, 2024! As defined and clarified in the 2021 Whitepaper, the Grace Period is necessary for preparing Pi for Open Network. During this period, Pioneers must submit their initial KYC identity verification application within the first 3 months and take all available actions to complete their KYC and Mainnet migration within 6 months. 

To make these important deadlines salient and clear, in the near future we will be rolling out new app interfaces including initially a countdown timer on the Mainnet Checklist and later a new banner on the home screen, pop ups, etc. These interface updates will help inform and remind Pioneers of their respective deadlines, whether to submit KYC or to complete Mainnet migration, and urge them to take actions as soon as possible. These Grace Period interface features will be iterated and improved upon over time, e.g. refining pauses on timer for stuck cases and providing urgency levels. For Pioneers who have completed the Mainnet Checklist and are fully migrated, they will not see the timer in their app, because the Grace Period requirements and deadlines no longer apply to them.

Breaking: German Govt Unloads Another 1125 Bitcoin To Coinbase & Other Exchanges

HIGHLIGHTS

The German government's Bitcoin holdings are now close to 13,000 BTC.

The latest offloading was registered on July 11 with 1,125 BTC shifted to prominent exchanges.

The German government-associated address also transferred 1,250 BTC to other wallets.

On Thursday, July 11, the German government intensified its unprecedented sell-off of Bitcoin (BTC), disposing of an additional 1125 BTC through prominent exchanges such as Coinbase, Kraken, and Bitstamp. This move comes amidst a series of strategic sales aimed at liquidating part of its substantial BTC holdings, initially seized from a movie piracy website.

German Government’s Latest Bitcoin Dump

According to Arkham Intelligence data, the German government offloaded 375 BTC, valued at approximately $21.77 million, each to Coinbase, Kraken, and Bitstamp. Simultaneously, it transferred another 1250 BTC to various addresses. This move suggests that further BTC selloff could be initiated via these addresses.

Notably, a substantial portion of these transfers included 1000 BTC, equivalent to a staggering $58.05 million, had been shifted to the suspected B2C2 Group address, 139PoP…H7ybVu. This address has been observed frequently receiving transfers from the German government. It mostly acts as an intermediary as it redistributes funds to other wallets.

In parallel, an additional 250 BTC, valued at approximately $14.51 million, was shifted to another address. This also raises concerns of an impending liquidation on the German government‘s part. These transactions have profoundly impacted Germany’s BTC reserves. The government’s reserve now holds 13,177 BTC with an estimated market value of $765.94 million.

This marks a substantial decline from the reported 50,000 BTC holdings as of June 18, 2024. Moreover, earlier, on July 10, the government offloaded over 10,600 Bitcoin to exchanges and other addresses. This gigantic dump took away the German government’s “Bitcoin Billionaire” status. However, the

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#pi #bitcoin a Functional Global Digital Currency System: The Vital Role of Pi Network in Financial Transformation - hokanews 

hokanews.com - Global banks are currently conducting large-scale blockchain trials, signaling an inevitable shift towards a global digital economy. With 155 participants from 45 major institutions settling real-world assets on 22 blockchains, it's evident that a functional consensus model is in place.
Major financial institutions such as Goldman Sachs, BNY Mellon, and Cboe Global Markets have successfully conducted large-scale trials using blockchain technology. This includes the Forex Market on the CBOE Exchange. Institutional investors have even executed over 350 simulated transactions using distributed ledger technology across various areas such as tokenized assets, fund registration, digital currencies, securities lending, and margin management on the Canton network.

The participation in these trials is extensive, involving 15 asset managers, 13 banks, four custodians, three exchanges, and stablecoin issuer Paxos Trust. The Canton network, consisting of Deloitte, Deutsche Borse, Microsoft, Moody’s, and S&P Global, forms a crucial foundation in building a functional Global Digital Currency System.

The significant role in financial transformation is also played by Pi Network. With its innovative platform, Pi Network emerges as a key driver in accelerating the adoption of blockchain technology on a global scale. With a user-focused approach and ease of use, Pi Network helps expand the reach of blockchain technology to various layers of society.

#pi #toptrnding 4 Top Altcoins To Buy For 10X To 100X Returns As Bitcoin Halving Beckons

1. Ethereum (ETH)

Ethereum (ETH), the open-source, Proof-of-Stake blockchain that supports smart contracts, holds the title of the market’s second-largest cryptocurrency by capitalization after Bitcoin. Recently, Ether’s value surged past the $4,000 mark, marking a significant uptrend with over 46% growth within a month. 

2. Shiba Inu Coin (SHIB)

Shiba Inu Coin (SHIB), a popular digital currency inspired by a meme, has swiftly ascended in the decentralized finance scene, supported by a vast global following. This meme-originated asset has seen a rapid ascent in both fame and market value. 

3. Toncoin (TON)

Toncoin (TON) is revolutionizing the blockchain landscape with its commitment to scalability and user accessibility. Developed by Telegram, this layer-1 blockchain promises to handle massive user volumes, featuring minuscule transaction fees and rapid processing times. Currently, TON holds the 13th position on CoinMarketCap, boasting a market valuation of $14 billion.

Recently, Toncoin’s price saw a slight decrease of 0.4% in a day, with its price at $4.25. Despite this minor dip, the digital currency has experienced a remarkable growth spurt, climbing by 57% over the last week and soaring above 90% in the past month. This surge positions TON as a prime candidate for investors, hinting at a potential 100-fold increase before the upcoming Bitcoin halving event.

 

 

 

 

 

 BTC

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In recent trading, SHIB has entered a bullish period, marking a significant 28% rise over the last week and an impressive 262% increase over the past month. This growth trend aligns with the broader cryptocurrency bull market, which has similarly elevated other meme tokens such as PEPE, DOGE, BONK, and WIF. 



$SCORP Pre-Sale Is Almost Sold Out

Famous Casino Launches Token with Daily Staking Rewards

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#Pi Bright Future: Celebrating 5 Years of Pi Network and the Official Mainnet Launch - hokanews

On March 14, 2019, the crypto world witnessed the emergence of a revolutionary vision: Pi Network. This ambitious project aimed to empower individuals with easy and equitable access to the digital economy, bringing new hope to millions worldwide. Now, as its 5th anniversary approaches, Pi Network is gearing up to celebrate remarkable achievements with a highly anticipated milestone: the launch of its official Mainnet!

Initial Vision: Revolutionizing the Crypto World

Pi Network was born out of a desire to overhaul conventional paradigms in the crypto world. Recognizing the unequal access to digital currency and the complexities involved in traditional crypto mining, Pi Network's founders, Dr. Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip, set out to create a more inclusive and user-friendly solution. The result was Pi Network, a project that combines blockchain technology with an innovative mining model, enabling users to easily earn Pi currency through a mobile app.

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#Pi price 314$ right