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
Crypto
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 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
In an age where the lines between physical and digital continue to blur, RTFKT Studios emerged as a pioneering force in the non-fungible token (NFT) space. Launched in 2020, the company captured the imagination of sneakerheads and digital art enthusiasts alike, quickly establishing itself within the thrilling world of digital fashion and virtual collectibles. However,
One of the prevalent myths surrounding Bitcoin is the belief that long-term holders, often referred to as “HODLers,” never engage in selling their assets. On-chain analyst James Check recently highlighted this misconception, arguing that HODLers do indeed sell, impacting the price movements of Bitcoin more than widely assumed. This underscores a critical understanding that the
In a notable development within the cryptocurrency market, Bitcoin has witnessed substantial withdrawals amounting to $457 million over the past week. This marks the first significant outflow since early September, a trend that many analysts attribute to a round of profit-taking among investors, particularly after Bitcoin tested the psychologically important $100,000 threshold. Such high price
In recent weeks, the cryptocurrency landscape has witnessed an intriguing explosion of meme tokens on the XRP Ledger (XRPL). This upsurge follows a notable resurgence in Ripple’s flagship token, XRP, which has posted an impressive 88% increase in value over the past seven days, propelling it to the rank of the third-largest cryptocurrency by market
In the rapidly evolving world of cryptocurrency, centralized exchanges (CEXs) have emerged as vital platforms for trading digital assets. They facilitate transactions smoothly, offering user-friendly interfaces and a range of services that attract millions of users globally. However, this convenience often comes at a price, as evidenced by recent incidents highlighting serious flaws in customer
Bitcoin (BTC), the pioneering cryptocurrency, is presently trading within a narrow band of $94,000 to $96,000. This price range has generated mixed sentiments among investors as they closely monitor market dynamics for signs of a breakout. Various on-chain analytics continue to provide insights into potential price movements, with many analysts fostering optimism about the upcoming
In the ever-evolving world of cryptocurrencies, XRP has recently emerged as a surprising contender, ascending to the third position in market capitalization. Overtaking prominent figures such as Tether (USDT) and Solana (SOL), XRP now boasts a market cap exceeding $135 billion. This accomplishment is not merely a fluke; it comes after XRP’s price skyrocketed to
