Pi Network is a novel cryptocurrency and developer platform that (1) allows mobile users to mine Pi coins without draining the device’s battery, reducing the environmental impact, and (2) fosters the world’s most accessible and ubiquitous apps platform where developers can offer users real life utilities and products in exchange for Pi coins. With its 30+ million engaged user base (as of December 2021) that allows anyone to mine straight from their smartphones, Pi Network strives to bring real e

Austria-based Raiffeisen Bank International will reportedly start providing cryptocurrency trading services to its customers, leveraging an existing partnership with crypto exchange Bitpanda.  The bank plans to roll out the services by the end of January 2024. The bank said the services will be available to its retail customers. Furthermore, the announcement stated that the company will leverage its existing partnership with Bitpanda to provide the services. Earlier this year, Bitpanda signed a

A prominent crypto YouTube channel, “Discover Crypto,” has argued that the HTX exchange, under the advisory of Tron founder Justin Sun, could be the next FTX amid the alleged scandals surrounding Justin Sun.The channel host contented that Justin Sun is no different from Sam Bankman-Fried, the disgraced founder of the now-defunct FTX crypto exchange. He claimed Justin Sun is operating a giant house of cards and, therefore, a fall is imminent, just as in the case of Bankman-Fried.Notably, the chan

Gas fees on Ethereum’s Layer-2 network, Polygon, experienced an astonishing surge, skyrocketing by over 1,000% to peak at $0.10.This sudden escalation in fees was triggered by an influx of users flooding the network while minting tokens inspired by Ordinals, known as POLS tokens.Polygon founder, Sandeep Nailwal, expressed his astonishment on Nov. 16, through a post on X (formerly Twitter), as he observed this unprecedented transactional activity.Speculation circulated that this surge might have

USDT stablecoin giant Tether is breaking into Bitcoin mining in a big way, with ambitions to become a leading crypto-miner in this highly competitive arena. The company plans to invest roughly $500 million over the next six months, revealedby incoming CEO Paolo Ardoino. This bold expansion includes constructing new mining facilities and snapping up stakes in existing mining firms.  Recently, Tether extended a $610 million credit line to Northern Data AG, a Frankfurt-headquartered Bitcoin mining

Shiba Inu jumps 13% as Shibarium reaches new adoption milestoneAccording to an X post published recently, Atomic Wallet has integrated the Layer-2 blockchain Shibarium. Now, this network and its native coins SHIB, BONE and LEASH are exposed to more than five million of the wallet's users.In the meantime, over the past two days, the native cryptocurrency of Shibarium, SHIB, has staged growth of 13.41%.SHIB team celebrates new Shibarium integrationAtomic Wallet is a decentralized and anonymous cry

BlackRock's entry onto Ethereum market with ETF filing draws sharp criticism from Bitcoin advocate Adam BackBlackRock, the world's largest asset manager, has taken yet another significant step into the cryptocurrency space with its recent filing for an Ethereum-focused exchange-traded fund (ETF).However, this move has drawn criticism from prominent Bitcoin advocate and Blockstream CEO Adam Back.Back, known for being mentioned in Satoshi Nakamoto's white paper, took to social media to express his

A significant transaction involving Shiba Inu(SHIB) tokens has captured the attention of the cryptocurrency community. A colossal amount of 144 billion SHIB, valued at approximately $1.293 million, was transferred on Binance, raising speculation about the intentions behind this move and its potential impact on the token's price performance.The transaction occurred at a time when SHIBhas shown considerable price resilience, maintaining its position despite broader market fluctuations. This transf

The official account on the X social media platform has issued a post to announce that some physical Dogecoin will be delivered to the moon this year.The long-awaited event is to take place in late December, two days prior to Christmas Day. But DOGE will not be the only crypto to be taken to the moon this year.Dogecoin going to the moonThe new X post revealed that the company Astrobotic intends to send physical DOGE to the moon in the DHL Moonbox with ULA's Vulcan Centaur Rocket on Dec. 23 this

Prominent Bitcoin supporter Kiyosaki issues major warning and plans to discuss it in upcoming podcastVocal Bitcoin advocate, entrepreneur and financial guru famous for his book "Rich Dad Poor Dad," Robert Kiyosaki, has taken to the X social media app to talk about "fake USD" that the U.S. government keeps printing and which, he believes, may lead to a massive economic crash. He plans to discuss it on a new podcast this week.Robert Kiyosaki to share his warning on new podcastKiyosaki tweeted that

Over $300 million worth of leveraged positions were forcibly closed on cryptocurrency exchanges in the past 24 hours, as Bitcoin and Ether saw steep declines. The massive liquidations were triggered by Bitcoin suddenly dropping below $35,000, down over 5% from recent highs. This price swing liquidated $121 million in Bitcoin trades alone. Ether, the second largest cryptocurrency, fared even worse, with its dip under $2,000 leading to $64.1 million in liquidated ETH positions. Solana’s native tok

This strategic decision places Commerzbank at the forefront of digital asset services. Operating under the German Banking Act, the bank is now equipped to offer cryptocurrency custody servicesCommerzbank, a key player in the German banking sector, has been granted a crypto custody license, becoming the first full-service bank in Germany to step into this domain. Announced on November 15, this development represents a significant shift in integrating digital assets into mainstream banking.This st

OKX and Polygon Labs have launched the testnet of “X1,” a zero-knowledge Layer 2 network. This innovative venture positions OKX’s platform token, OKB, as the cornerstone for transaction fees on X1, marking a strategic evolution in its utility.At the core of X1’s development is the Polygon Chain Development Kit (CDK), a toolkit that has made OKX a significant contributor. With a commitment to channel substantial engineering resources, OKX aims to amplify Ethereum’s scalability. This move signifie

More than 100 million SHIB were sent to an address that nobody could access in the past 24 hours.TL;DRShiba Inu experienced a significant token burn, with over 100 million SHIB burned in the last 24 hours, marking a 1,300% increase from the previous day’s burn rate.This program is part of the strategy to reduce SHIB’s supply, with already 41% of the initial supply burned, in efforts to increase the coin’s value over time.Despite the burn, SHIB’s price fell by 4% daily and 3% weekly, in line with

More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s ”orb” devices in exchange for a digital ID and free cryptocurrency, shrugging off privacy campaigners' concerns that the database could be misused.Worldcoin, co-founded by Altman, says its aim is to create a global identity and financial networkWorldcoin, the cryptocurrency project set up by OpenAI CEO Sam Altman, aims to establish a global ID network akin to India’s Aadhaar biometric ID system, a senior empl

FTX founder Sam Bankman-Fried is questioned by prosecutor Danielle Sassoon during his fraud trial. REUTERS/Jane Rosenberg(JANE ROSENBERG / reuters)A Manhattan federal jury found FTX co-founder Sam Bankman-Fried guilty of defrauding his customers, investors and lenders, concluding a dramatic fall for a 31-year-old entrepreneur who presided over the largest crypto collapse in history.Jury members deliberated for a period of hours after Bankman-Fried's criminal trial wrapped up Thursday. They concl

PayPal, the global payments giant, has successfully registered as a cryptocurrency service provider with the Financial Conduct Authority (FCA) in the United Kingdom, according to the regulator’s website.Fast FactsPayPal UK Limited has since been permitted to carry out “certain cryptoasset activities” in the country, according to the FCA’s register.The registration allows the firm to approve its own crypto-related marketing efforts under the newly imposed regulatory regime.The FCA’s new regulatio