Launched over 2,000 days ago, Pi Network has been at the forefront of discussions in the cryptocurrency world. Despite the anticipation surrounding its mainnet and native token, the project has yet to deliver on these promises. Officially started on March 14, 2019, Pi Network has garnered an impressive user base, with over 14 million participants
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In a significant shake-up, Foundry Digital, a leading player in Bitcoin mining, announced a reduction of its workforce by 27%, impacting 74 employees. This layoff, as reported this week, underscores the company’s strategic pivot towards consolidating its operations around its core offerings. The decision comes in the wake of an internal restructuring within the Digital
In the recent discourse on digital currencies, Russian President Vladimir Putin has taken a bold stance, declaring Bitcoin (BTC) and other cryptocurrencies as inevitable forces in the future of finance. During the Investment Forum in Moscow, Putin articulated his vision of digital currencies not just as a means of investment but as essential instruments to
The gaming industry is on the brink of a technological revolution with the advent of SuiPlay and its flagship product, the SuiPlay0X1 gaming device. As it opens pre-orders, this next-generation gaming console is setting the stage for an engaging intersection of blockchain technology and the gaming universe. Notably, each pre-order includes the opportunity to mint
In a significant legal development, a Russian court has handed down life sentences to Stanislav Moiseev, the alleged leader of the infamous online drug marketplace, Hydra. This ruling underscores the ongoing global struggle against cybercrime and the repercussions of operating within the illicit drug trade. Alongside Moiseev, fifteen accomplices received prison terms ranging from eight
The cryptocurrency market has been characterized by its volatility, and Bitcoin, often seen as the barometer for the entire sector, has recently sparked interest among traders and investors alike with its price fluctuations. Current data indicates that Bitcoin is attempting to stabilize around the $96,400 support level after breaking through a significant bearish trend line.
Ethereum enthusiasts and investors alike are buzzing with excitement as recent analysis indicates that the cryptocurrency is on the verge of confirming a golden cross on its daily time frame. This technical pattern occurs when a short-term moving average, such as the 50-day MA, crosses above a long-term moving average, like the 200-day MA. Historically,
The American financial landscape is undergoing significant transformations influenced by rapid advancements in technology, especially in the realm of cryptocurrencies. Recently, Rep. French Hill has taken a firm stance against the alleged attempts by federal regulators to restrict access to banking services for crypto businesses. This sentiment gained traction after prominent figures in the cryptocurrency
The Australian Securities and Investments Commission (ASIC) has recently announced a significant initiative aimed at reshaping its regulatory framework for the burgeoning cryptocurrency sector. This involves soliciting public feedback regarding proposed changes, as detailed in an official statement released on December 4th. The commission asserts that numerous digital assets fall under the definition of financial
Woori Technology, a prominent venture capital firm in South Korea, stands at a crucial juncture as it contemplates divesting its stake in Dunamu, the parent company of Upbit, the largest cryptocurrency exchange in the region. Originally, Woori made a significant investment of 5.5 billion KRW back in 2015. Over eight years later, this investment has
