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 economic power back to the masses. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users. Who developed Pi Network? Pi Network is founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan — two Stanford PhD’s in computational engineering and social sciences. Dr. Kokkalis, in addition to developing/founding several startups and human-centered technologies in the past, teaches a Stanford’s computer science class on Decentralized Applications on Blockchain. Dr. Fan, receiving her PhD in computational anthropology, has also worked as a founding developer of several startups and projects around scaling social communications and surfacing untapped social capital for people everywhere. Both are strong and long term believers of the technical, financial and social potential of cryptocurrencies, but frustrated by their current limitations. To resolve traditional blockchains’ shortcomings, they employ a user-centric design philosophy that turns the development process of new blockchains upside down. What makes Pi Network unique? Pi’s blockchain uses an adaptation of the Stellar Consensus Protocol (SCP) — an instantiation of the Federated Byzantine Agreement — to validate transactions. Compared to traditional blockchain mining methods like proof of work or stake, Pi’s protocol uniquely provides decentralized control, low latency, flexible trust and asymptotic security at a fraction of the environmental cost. In short, fault tolerance is achieved through a decentralized web of nodes reaching consensus via a trust network of mobile users who validate their daily presence and vouch for others’ authenticity in the network to earn Pi. Environmental impact is vastly lowered since this method does not require energy-intensive hardware to mine. Pi Network’s robust economic design is built on an intuitive and transparent model, facilitating Pi coins as a medium of exchange without token concentration. Key tenets include fair distribution (every user has the same base mining rate), scarcity (the mining rate decreases as more people join), and meritocracy (rewards are distributed based on contributions to the network). Pi Network’s developer platform also offers numerous qualities that may interest developers. As the world’s largest identity-authenticated userbase, Pi Network has pre-built infrastructures such as a crypto wallet, user authentication, notifications, deep linking, app interoperability and many other functionalities in its pipeline. Its App Engine uses an operating system similar to Apple’s iOS, with a secure blockchain component. Community developers can incorporate Pi’s SDK and user-authentication measures into their apps, enabling Pioneers to seamlessly integrate into the Pi ecosystem and move back and forth between different interoperable apps without logging in separately or providing other contact information. Are Pi coins available for sale? Pi Network is currently transitioning from Testnet to Mainnet, where Pi coins will eventually become available for public sale. The Network is NOT having any ICOs or any type of crowdfunding, and any sales of Pi are unauthorized and have no affiliation with Pi Network. Those wishing to join Pi Network can download the mobile application from the Google Play Store or Apple App Store and start mining.#Pi #Picommunity #Picoins #BTC #sol $BTC $XRP $ETH

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 letter of intent with the bank. According to the announcement, the services will be available only to customers in Vienna. “We are starting in Vienna, where about a quarter of Austria’s population lives,” Curt Chadha, the bank’s head of innovation, said in an interview. He added, “The customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.”Chadha noted that the services target digitally savvy customers looking for small-scale investments to pour money into. The executive added that the services will differ from similar offerings from other banks, which are aimed at high-end individuals with millions to invest. Meanwhile, the recent push by the bank highlights growing crypto adoption in the European Union. While regulators are still weary of crypto-related activities, crypto adoption has pushed up, especially in countries with clarity around crypto offerings.As earlier reported, in October, the European Securities and Markets Authority told crypto firms and national regulators to expect new regulations for the digital asset space. Furthermore, the regulator urged crypto companies to promptly seek operation authorization within the framework of the EU’s MiCA.#MtGox #WLD #KyberSwap #RichardTeng #etf $BTC $ETH $XRP

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 channel host emphasized that it has become pertinent to elaborate on the underhand activities of Justin Sun as he is behind a multi-billion dollar crypto project, Tron blockchain.Drawing on the history of Tron’s initial coin offering (ICO) in 2017 for the TRX token, the channel highlighted Justin Sun’s earning over $70 million via the ICO despite the Chinese government’s ban on crypto ICO. The presenter claimed Justin Sun migrated to Korea after the ICO to evade prosecution. With this anecdote, the channel sought to establish that TRX was founded under “illegal circumstances.”Furthermore, the channel host touched on the controversies surrounding Tron’s founder. He mentioned that Justin Sun and Tron Foundation had a 70-page document bordering on workplace harassment filed against them in 2019 in the United States. Per the disclosure, Justin Sun reportedly assaulted some personnel during office meetings and also exhibited favoritism toward Chinese employees.In retaliation, the Tron Foundation allegedly manipulated personal files and corporate email addresses to orchestrate a cover-up scheme by falsely implicating the individuals who brought charges against them. Meanwhile, the Discover Crypto channel noted that although these allegations remain unproven, they undoubtedly tarnish the reputation of Justin Sun and his project Tron. Furthermore, the channel highlighted that the U.S. regulator filed fraud and security law violation charges against Justin Sun this year. The SEC accused Sun and his entities of engaging in fraudulent manipulation of the secondary market for TRX through widespread wash trading.The highlighted points, alongside other scandals surrounding Justin Sun, have made the Discover Crypto channel conclude that the Tron founder, as well as his associated crypto projects, could be heading down a path similar to Sam Bankman-Fried and FTX.#FXT #TRX/USD #Huboi #RichardTeng #etf $BTC $XRP $TRX

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 been linked to the launch of a new nonfungible token (NFT) collection built on the Polygon network.The primary driver behind the surge in network activity and the subsequent spike in gas fees was the fervor surrounding the minting of POLS tokens.Data from Dune Analytics revealed a rush of minting activity coinciding with the use of over 102 million MATIC tokens, valued at $86 million at current market prices, for gas.The POLS token is based on the PRC-20 protocol, which functions similarly to the Bitcoin Ordinals-derived BRC-20 token standard.As per data from Ethereum Virtual Machine data provider EVM, only 8.7% of the total POLS supply has been minted, with slightly over 18,100 individuals claiming ownership of the token.As of the time of this publication, Polygon’s gas fees have reverted to their typical levels, settling at around 882 gwei.Gas fees measure the computational effort required to execute transactions on a blockchain, with 1 gwei being approximately equivalent to 0.000000001 MATIC.This surge in gas fees on Polygon resembles a similar occurrence on the Bitcoin network earlier in the year.In May, the Bitcoin network experienced a prolonged surge in activity following the release of the Ordinals protocol, allowing users to mint NFTs directly on the Bitcoin blockchain.The ensuing frenzy for Ordinals NFTs and BRC-20 tokens led to Bitcoin fees reaching levels not seen since April 2021.Some more traditional Bitcoin enthusiasts, like Samson Mow and Adam Back, criticized the NFT protocol and token standard as wasteful due to this development.#PolygonEvolution #PolygonLayer3 #PolygonTrends #NewOpportunity #Pyth $POLYX $BTC $BNB

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 company, and bought a sizable equity position. This strategic stake is part of Tether’s wider efforts to diversify beyond its core USDT stablecoin business. As part of this new mining endeavor, Tether is building operations in Uruguay, Paraguay and El Salvador, with capacity from 40 to 70 megawatts at each location. While not giving a timeline, Ardoino has set an ambitious goal for Tether to achieve 1% of Bitcoin’s total computing power. This target is notable compared to Marathon Digital Holdings, the largest public Bitcoin miner, which currently holds about 4% network share.By end of 2023, Tether aims to reach 120 megawatts of direct mining capacity, projecting growth up to 450 megawatts by end of 2025. Ardoino told Bloomberg that approximately $150 million is earmarked for direct mining initiatives, some of which are still being allocated to new sites. This expansion signals a major strategic shift as Tether looks to plant its flag in crypto.#ETH #BTC #Pyth #Binance #CryptoTradingTip $BTC $ETH $XRP

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 cryptocurrency wallet for holding various cryptos. It also has a staking feature, allowing its users to stake PoS cryptocurrencies and earn interest on them.Several members of the SHIB team, including social media marketing expert Lucie and the admin of the Shibarium Tech Telegram channel RagnarShiba, have shared the X post of Atomic Wallet about the integration of Shibarium.SHIB price spikes, here are big driversOver the span of the last two days, the second largest meme cryptocurrency by market cap, Shiba Inu, has demonstrated a rise of nearly 13.5%, reaching the $0.00000910 price mark. The price surge happened simultaneously with Atomic Wallet integrating Shibarium and also after the Shiba Inu team announced that they had struck a collaboration with a famous Filipino boxer Manny Pacquiao and his charity foundation.The Manny Pacquiao Foundation accepts cryptocurrencies, and now it has also begun to accept donations in SHIB. This news was spread in the second issue of the just-recently-launched Shiba Magazine with the boxer on its cover.The SHIB team announced a giveaway of 3,000 magazine cover NFTs to its readers.However, the 13.5% SHIB price growth has been a little diminished by now as the price went down by 6.13% and the meme coin is exchanging hands at $0.00000875 at the time of this writing, according to this SHIB/USDT chart.SHIB burn rate plummetsAccording to data shared by the Shibburn wallet tracker recently, the SHIB burn rate over the past day has dropped by 52.47% with as little as 7,706,076 SHIB meme coins transferred to dead-end wallets and locked there permanently.It took 16 transactions to permanently isolate that small amount of SHIB out of circulation. The two biggest transfers here carried 3,000,000 SHIB and 1,500,000 SHIB 14 and 13 hours ago. On Wednesday, the reported growth of the Shiba Inu burn rate constituted 968%.Overall, according to the Shibburn website, by now, the joint efforts of the SHIB community have helped to dispose of 410,662,518,032,554 Shiba Inu coins for good.#ShibaInuUpdate #ShibMagazine #crypto #etf $SHIB

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 disapproval, stating the move is "bearish" and "impacts credibility." He further likened Ethereum and other altcoins to "scammers clawing at the gate like a horde of zombies."BlackRock's bold move into EthereumEarlier today, the asset management behemoth filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for the iShares Ethereum Trust, aiming to launch a spot Ether ETF. This trust, a Delaware statutory entity, will issue shares representing fractional undivided interests in its net assets, primarily composed of Ether held by a custodian.The product aims to mirror the performance of Ether's price before expenses and liabilities.  BlackRock's venture into Ethereum signifies a substantial shift for the cryptocurrency that is yet to attain regulatory clarity in the U.S.Balancing Bitcoin and EthereumLarry Fink, CEO of BlackRock, has previously noted a global client interest in cryptocurrencies, a stance that has evolved significantly from his earlier skepticism.   BlackRock also applied for a spot Bitcoin ETF earlier this year.    As evidenced by the recent Ethereum ETF filing, its interest in crypto is not confined to Bitcoin alone. However, BlackRock's recent filing to spotlight Ethereum alongside Bitcoin has stirred discontent among Bitcoin maximalists.   They view this move as a deviation from the singular focus on Bitcoin that challenges the long-held dominance of the first and largest cryptocurrency.#BTC #crypto #etf #cpi #JUP $XRP $ETH $BTC

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 transfer could signify several strategic moves by the token holder, ranging from redistribution of assets across accounts for security reasons, preparing for a large sale, or even shifting tokens for staking or liquidity provision in decentralized finance (DeFi) protocols.In terms of price action, SHIB is currently experiencing a period of consolidation following a recent rally. The chart indicates that SHIB is trading above a key support level, with the 200-day Exponential Moving Average (EMA) acting as a dynamic support that could encourage a rebound. The trading volume has been consistent, and the Relative Strength Index (RSI) is hovering in a neutral zone, which neither confirms overbought nor oversold conditions. This suggests that the rally could continue if market sentiment remains positive and buying pressure persists.#ShibaInuUpdate #ShibaInuUpdate #crypto #ShibMagazine #ShibaInuMystery $SHIB

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 year.Back in 2015, the Dogecoin community began raising funds for the future space mission of taking DOGE to the natural satellite of Earth. Now, they have teamed up with Astrobotic to make their dream come true.Astrobotic is a space company owned by its employees, and it is focused on developing various supplementary Elements for spacecraft – advanced navigation, operation, power, testing and computing systems.They deliver various cargo to the moon for governments, corporations and those individuals who can afford it.The company emerged in 2007 and is headquartered in Mojave, California, and Pittsburgh, Pennsylvania. Up to now, Astrobotic has successfully completed two moon missions with landing. The mission of the company is to make space available to humanity.This time, Astrobotic is carrying NASA's and some other payloads to deliver them to the moon. However, aside from those, according to the Payload Manifest, there will be a DHL Moonbox. It will contain various "payloads from around the world will be stored aboard Peregrine on the Moon for centuries to come. From photographs and novels to student work and a piece of Mount Everest."Physical BTC and BTC Genesis plate to rest on moonPer the X post of the Dogecoin team, this Moonbox will also contain some physical DOGE. The payloads will also carry "Lunar Bitcoin" for BitMEX exchange - "A unique physical coin destined for the Moon, loaded with one Bitcoin" - and "Bitcoin Genesis Plate": "This plate includes a copy of the Genesis Block, the first block of bitcoin (BTC) to be mined."Elon Musk's intention to take DOGE to moonOn April 1, 2021, tech mogul and owner of SpaceX Elon Musk tweeted that he is going to "put a literal DOGE on the literal Moon." The community first took it to be an April Fool's joke.However, later, Musk revealed that SpaceX was getting ready for a mission to take a satellite into lunar orbit, and that mission, according to Musk, was paid for in Dogecoin by Geometric Energy Corporation (GEC).Musk called it DOGE-1 Lunar Mission. It is expected to launch at some point this year, but it has been delayed again and again for various reasons.#Doge🦊 #DOGEToTheMoon #DogecoinRise #etf #JUP $DOGE $BTC

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 he has been invited to a new podcast run by Daniella Cambone, a former employee of Kitco and Stansberry Research, who decided to leave these companies and start her own podcast.Kiyosaki will be the guest on the first episode that will go on the air this Friday. He promised that on that podcast, he will talk about "how to thrive" and about "the lies the US is telling about the failing economy and printing fake money."#crypto #NewSignal #Rune #FakeNewsAlert #etf $BNB $BTC $usdt

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 token SOL saw the most liquidations among altcoins, totaling $13.03 million. Exchanges OKX, Bybit, and Binance accounted for over 90% of the total liquidations. Moreover, OKX executed the largest single liquidation, closing a long Bitcoin trade worth $9.45 million. The flash crash comes right after US inflation data was released, likely sparking fears of further Federal Reserve rate hikes. Though traders remain overall bullish on Bitcoin, the massive liquidations serve as a reminder of the market’s continued volatility. With long positions still dominating, the road to recovery for Bitcoin and Ether prices remains uncertain in the short-term.#BTC #ETH #BTC #MATIC #dydx $BTC

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 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 services. This initiative is more than a new service offering; it’s a forward-thinking step towards a broader range of digital financial services.Jörg Oliveri del Castillo-Schulz, the bank’s Chief Operating Officer, shared his excitement about this new venture. “Securing this license is a vital step in our journey,” he remarked. “It demonstrates our dedication to embracing innovative technologies and marks a foundational step for serving our clients in the burgeoning field of digital assets.”The bank’s immediate focus is creating a secure and compliant platform with local regulations. Aimed at institutional clients, this platform will facilitate blockchain-based crypto custody services. Commerzbank’s approach is innovative and aligns meticulously with regulatory requirements.Germany’s Evolving Crypto LandscapeCommerzbank’s venture into crypto custody reflects a broader trend within the German financial landscape. DZ Bank, another major player, recently introduced its crypto custody service for institutional investors. Additionally, the U.S.-based BitGo expanded its German operations after securing a local license, further underscoring the growing interest in crypto services within the country.Earlier this year, Deutsche WertpapierServiceBank launched a crypto trading platform, wpNex, extending access to digital assets to over 1,200 German and savings banks.Commerzbank’s achievement in obtaining a crypto custody license is more than a compliance milestone; it’s a clear indication of the evolving financial sector in Germany. By embracing digital assets, Commerzbank positions itself as a leader in this transformation and sets a precedent for traditional banking institutions to integrate digital finance solutions. This development will likely spark a broader movement in the banking sector, merging traditional financial services with the world of digital assets#cpi #dydx #Flow #MATIC #BTC $BTC $ETH

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 signifies a deep investment in the future of blockchain technology, highlighting the need for more efficient and scalable platforms.Notably, X1 stands out for its compatibility with Ethereum, offering a seamless environment for deploying EVM-based DApps. This compatibility extends to various smart contracts, wallets, and tools, ensuring a user-friendly and secure experience. X1’s design incorporates ZK proofs, enhancing its security and scalability while also cutting down on transaction costs.According to Jason Lau, OKX’s Chief Innovation Officer, X1 is poised to be a pivotal platform in introducing users to Web3. Developers find in X1 a robust network for building consumer-centric Web3 applications, maintaining interoperability with other networks. This aspect is crucial for a cohesive blockchain ecosystem.Polygon Labs’ CDK, released in August, has gained momentum for its role in developing Layer 2 blockchains on Ethereum. These blockchains can connect to a shared ZK bridge, enabling interoperability. Sandeep Nailwal, Polygon’s co-founder, views X1’s use of the CDK as a significant advancement, paving the way for interconnected, ZK-powered L2 networks within the Polygon ecosystem.The launch of X1 marks a pivotal moment in blockchain technology. This collaboration between OKX and Polygon Labs not only sets a new standard in blockchain development but also underscores the potential of collaborative innovation in creating a more integrated, efficient, and user-friendly blockchain ecosystem.#PolygonEvolution #OKX #X1 #PolygonTrends $XRP $BTC $MEME #Meme

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 the broader crypto market downturn, although the launch of the Shibarium layer-2 solution may provide future price support.The Latest Burn DataThe popular memecoin – Shiba Inu – witnessed over 100 million tokens burned over the past 24 hours. The figure represents an approximate increase of 1,300% compared to the burning rate the day before.The project has adopted such a practice to reduce the overall supply of SHIB and potentially make the asset more valuable in time. According to Shibburn, over 41% of the initial supply has already been sent to an address that nobody could access.Despite the skyrocketing burn figure today, SHIB has been on a downfall in resonance with the entire cryptocurrency market. It plunged around 4% in the last 24 hours (per CoinGecko’s data) and 3% on a weekly basis.#ShibaInuCommunity #ShibaInuPriceForecast

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 employee told Reuters.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 network, suggesting on its website a variety of ambitious use cases, including distinguishing people from artificial intelligence bots and providing a means for distributing universal basic income (UBI).The company’s head of product, Tiago Sada, told Reuters the company sought to emulate India’s Aadhaar system, which ascribes unique ID numbers, and records individuals’ fingerprints, face and iris scan.”A really good analogy for the type of impact something like Worldcoin can have is the Aadhaar project in India,” Sada, the company’s head of product, engineering and design, said.Various regulators, including in the United Kingdom and Germany, have said they were looking into Worldcoin following its launch in July.#BTC #SFM #Worldcoin​ #CryptoNews🔒📰🚫 #digital $BTC $XRP $USDC

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 concluded he was guilty on all seven criminal charges, ranging from wire fraud to money laundering.His sentencing is scheduled for March 28; the counts carry a maximum sentence of 110 years.Bankman-Fried was stoic while his verdict was read in the courtroom, and he didn’t look back at his parents. His father dipped his head, and his mother took off her glasses and rubbed her eyes.Bankman-Fried faces even more potential legal jeopardy in the year ahead. He is scheduled to face a separate set of criminal charges that allege he committed bank fraud and bribed Chinese officials in another trial due to begin in March.Prosecutors argued that Bankman-Fried deliberately stole $14 billion in customer deposits from his cryptocurrency exchange in a scheme that he carried out with three of his top executives: Alameda CEO Caroline Ellison, FTX co-founder Gary Wang and FTX engineering director Nishad Singh.All three pleaded guilty to fraud charges after FTX’s collapse and testified against Bankman-Fried under plea agreements with the government.The group, prosecutors claimed, allowed Bankman-Fried’s sister crypto trading firm Alameda Research "secret" backdoor access to FTX’s customer deposits, then spent the money on investments, loan repayments, political donations, and real estate."He spent his customers' money and he lied to them about it," prosecutor Nicolas Roos said in the government’s closing argument."Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations."Bankman-Fried testified that poor business decisions and management screwups — and not fraud — were to blame for the undoing of his cryptocurrency exchange."Did you defraud anyone?" Bankman-Fried’s lawyer asked him during his risky gamble to take the stand in his own defense."No, I did not," Bankman-Fried answered."Did you take customer funds?" Cohen clarified."No," he said.Follow for more #BTC #Scam #CryptoNews🔒📰🚫 $BTC #sol $BTC $BNB

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 regulations went into effect on Oct. 8, requiring clearer risk disclosures for crypto companies as well as a 24-hour grace period for customers to reconsider their investments.PayPal announced in August that it will pause crypto sales in the U.K. for a minimum of three months starting Oct. 1, as a response to the FCA’s new regulations. The firm said in August that expects to restart crypto sales in early 2024.Outside the U.K., the fintech giant continues expanding its crypto services. At the beginning of August, it launched PayPal USD, a U.S. dollar-backed stablecoin on Ethereum.#PayPal #CryptoNews🔒📰🚫 #BinanceSquare #BTC #sol $BTC $ETH $XRP