Crypto newspaper

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

يقال إن بنك Raiffeisen Bank International ومقره النمسا سيبدأ في تقديم خدمات تداول العملات المشفرة لعملائه، مستفيدًا من الشراكة الحالية مع بورصة العملات المشفرة Bitpanda. ويخطط البنك لطرح الخدمات بحلول نهاية يناير 2024.وقال البنك إن الخدمات ستكون متاحة لعملاء التجزئة. علاوة على ذلك، ذكر الإعلان أن الشركة ستستفيد من شراكتها الحالية مع Bitpanda لتقديم الخدمات. في وقت سابق من هذا العام، وقعت Bitpanda خطاب نوايا مع البنك.

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

استحوذت معاملة مهمة تتضمن رموز Shiba Inu (SHIB) على اهتمام مجتمع العملات المشفرة. تم نقل مبلغ ضخم قدره 144 مليار SHIB، بقيمة 1.293 مليون دولار تقريبًا، إلى Binance، مما أثار التكهنات حول النوايا وراء هذه الخطوة وتأثيرها المحتمل على أداء سعر الرمز المميز.تمت هذه الصفقة في وقت أظهر فيه SHIB مرونة كبيرة في الأسعار، وحافظ على مكانته على الرغم من تقلبات السوق الأوسع. يمكن أن يشير هذا النقل إلى العديد من التحركات الإستراتيجية لحامل الرمز المميز، بدءًا من إعادة توزيع الأصول عبر الحسابات لأسباب أمنية، أو الاستعداد لعملية بيع كبيرة، أو حتى تحويل الرموز المميزة للتخزين أو توفير السيولة في بروتوكولات التمويل اللامركزي (DeFi).

أصدر الحساب الرسمي على منصة X للتواصل الاجتماعي منشورًا للإعلان عن تسليم بعض عملة Dogecoin المادية إلى القمر هذا العام.ومن المقرر أن يتم هذا الحدث الذي طال انتظاره في أواخر ديسمبر، قبل يومين من يوم عيد الميلاد. لكن DOGE لن تكون العملة المشفرة الوحيدة التي سيتم نقلها إلى القمر هذا العام.دوجكوين يذهب إلى القمركشف منشور X الجديد أن شركة Astrobotic تعتزم إرسال DOGE فعليًا إلى القمر في DHL Moonbox باستخدام صاروخ Vulcan Centaur Rocket التابع لـ ULA في 23 ديسمبر من هذا العام.

كيوساكي، أحد أبرز مؤيدي البيتكوين، يصدر تحذيرًا كبيرًا ويخطط لمناقشته في البودكاست القادملجأ روبرت كيوساكي، وهو مناصر صريح لعملة البيتكوين ورائد أعمال وخبير مالي مشهور بكتابه "الأب الغني والأب الفقير"، إلى تطبيق X للتواصل الاجتماعي للحديث عن "الدولار الأمريكي المزيف" الذي تواصل الحكومة الأمريكية طباعته والذي يعتقد أنه قد يؤدي إلى انهيار اقتصادي هائل. ويخطط لمناقشة هذا الأمر في بودكاست جديد هذا الأسبوع.روبرت كيوساكي يشارك تحذيره في بودكاست جديدوغرد كيوساكي قائلا إنه تلقى دعوة لحضور بودكاست جديد تديره دانييلا كامبوني، الموظفة السابقة في كيتكو وستانسبيري ريسيرش، والتي قررت ترك هذه الشركات وبدء البودكاست الخاص بها.

تم إغلاق ما يزيد عن 300 مليون دولار من المراكز ذات الرافعة المالية بالقوة في بورصات العملات المشفرة خلال الـ 24 ساعة الماضية، حيث شهدت بيتكوين وإيثر انخفاضات حادة. تم إطلاق عمليات التصفية الضخمة بسبب انخفاض عملة البيتكوين فجأة إلى ما دون 35000 دولار، بانخفاض يزيد عن 5٪ عن أعلى المستويات الأخيرة. أدى هذا التأرجح في الأسعار إلى تصفية 121 مليون دولار من تداولات البيتكوين وحدها. وكان أداء إيثريوم، ثاني أكبر عملة مشفرة، أسوأ من ذلك، حيث أدى انخفاضها إلى أقل من 2000 دولار إلى 64.1 مليون دولار في مراكز إيثريوم المصفاة. شهد رمز Solana الأصلي SOL أكبر عدد من عمليات التصفية بين العملات البديلة، بإجمالي 13.03 مليون دولار. وشكلت بورصات OKX وBybit وBinance أكثر من 90% من إجمالي عمليات التصفية. 

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

أطلقت OKX وPolygon Labs شبكة اختبار "X1"، وهي شبكة من الطبقة الثانية للمعرفة الصفرية. يضع هذا المشروع المبتكر رمز منصة OKX، OKB، باعتباره حجر الزاوية لرسوم المعاملات على X1، مما يمثل تطورًا استراتيجيًا في فائدته.في قلب تطوير X1 توجد مجموعة تطوير سلسلة المضلعات (CDK)، وهي مجموعة أدوات جعلت OKX مساهمًا مهمًا. مع الالتزام بتوجيه موارد هندسية كبيرة، تهدف OKX إلى تضخيم قابلية التوسع في Ethereum. وتدل هذه الخطوة على استثمار عميق في مستقبل تقنية البلوكشين، مما يسلط الضوء على الحاجة إلى منصات أكثر كفاءة وقابلة للتطوير.

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

قام أكثر من 2.4 مليون شخص بالتسجيل لإجراء مسح لقزحية العين بواسطة أجهزة "orb" الخاصة بـ Worldcoin مقابل الحصول على معرف رقمي وعملة مشفرة مجانية، متجاهلين مخاوف نشطاء الخصوصية من إمكانية إساءة استخدام قاعدة البيانات.تقول Worldcoin، التي شارك في تأسيسها ألتمان، إن هدفها هو إنشاء هوية عالمية وشبكة ماليةقال أحد كبار الموظفين لرويترز إن مشروع Worldcoin للعملة المشفرة الذي أنشأه سام ألتمان، الرئيس التنفيذي لشركة OpenAI، يهدف إلى إنشاء شبكة هوية عالمية شبيهة بنظام الهوية البيومترية Aadhaar في الهند.

يتم استجواب مؤسس FTX Sam Bankman-Fried من قبل المدعي العام دانييل ساسون أثناء محاكمته بالاحتيال. رويترز/جين روزنبرغ(جين روزنبرغ / رويترز)وجدت هيئة محلفين فيدرالية في مانهاتن أن سام بانكمان فريد، المؤسس المشارك لشركة FTX، مذنب بالاحتيال على عملائه والمستثمرين والمقرضين، مما أنهى سقوطًا دراماتيكيًا لرجل أعمال يبلغ من العمر 31 عامًا أشرف على أكبر انهيار للعملات المشفرة في التاريخ.تداول أعضاء هيئة المحلفين لمدة ساعات بعد انتهاء محاكمة بانكمان فرايد الجنائية يوم الخميس. وخلصوا إلى أنه مذنب في جميع التهم الجنائية السبع، بدءا من الاحتيال عبر الإنترنت إلى غسيل الأموال.

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