Pi Network has postponed its KYC and migration deadline to February 28, 2025, while aiming to launch the Open Network in Q1 2025. Despite ongoing delays, interest in the project is growing, evidenced by recent community gatherings in India, Nigeria, and China, where Pi payments were actively used. Users are encouraged to complete KYC applications and migration procedures promptly to secure their assets.
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News from VNM
Generated 2 posts last week XDC Network and Coldware Transforming the Future of Payments and Finance
The XDC Network is transforming global trade finance and cross-border payments, while Coldware is emerging with IoT-powered automation for instant settlements and lower transaction costs. As XDC investors show interest in Coldware’s presale, both platforms are poised to redefine the future of payments and financial operations.
read morePi Network Extends Grace Period Amid User Frustration and Growing Popularity
Pi Network has extended its Grace Period for KYC verifications and mainnet migration to February 28, 2025, amid ongoing frustrations over delays and the absence of a native token. Despite skepticism, the platform continues to grow, particularly in Asia, with significant user adoption in countries like South Korea and India.
read moreABN AMRO Completes Tokenized Trading Pilot with 21X on Ethereum
ABN AMRO, the Netherlands’ third-largest bank, has successfully completed a pilot for tokenized trading using stablecoins in collaboration with German exchange 21X. The trial involved on-chain settlement for tokenized securities, with ABN AMRO issuing an ERC-3643 token on the Polygon Amoy Testnet. Following the pilot, the bank plans to enhance its offerings with secondary market capabilities through partnerships with European DLT systems. In Jakarta, police dismantled a crypto romance scam syndicate that targeted professionals from Southeast Asia, arresting 20 suspects linked to a fraudulent trading platform. The scheme promised high returns and has been active for over two months, with ongoing investigations into the total losses incurred.
read morePi Network Progresses Towards Open Network Launch Amid KYC Challenges
Pi Network aims to launch its Open Network once 15 million users complete KYC verification, with over 9 million already migrated. Despite its popularity, especially in Asia, users face verification challenges, prompting the team to offer solutions for those struggling with the process. The project continues to grow, boasting a significant social media following that surpasses established crypto entities.
read moreKoni Stack Launches Football Rivals Mini App to Enhance Blockchain Gaming Experience
Koni Stack has launched ‘Football Rivals’ on Telegram, enhancing user engagement with NFL Rivals player digital assets through a mini-app that promotes interoperability across platforms. This initiative aims to onboard millions to the Mythos and Polkadot ecosystems, allowing players to compete in challenges and earn MYTH rewards. The collaboration showcases the potential of Web3 technology in creating accessible gaming experiences.
read moreBest Wallets for Managing Meme Coins on Solana
Solana is emerging as a preferred platform for meme coins due to its low fees and high transaction speeds. Users are encouraged to select wallets that prioritize security, user experience, and multi-chain support, with options like Phantom, Solflare, MetaMask, Trust Wallet, Slope, and Coin98 offering unique features for effective management and trading of meme coins. Each wallet caters to different needs, ensuring users can navigate the Solana ecosystem confidently.
read moreMythical Games Partners with Koni Stack to Launch Football Rivals on Telegram
Mythical Games has partnered with Koni Stack to launch ‘Football Rivals’ on Telegram, aiming to onboard billions of users to the Polkadot ecosystem. The game, inspired by NFL Rivals, features stats-based gameplay using digital cards and offers players opportunities to earn MYTH rewards. This collaboration enhances accessibility to blockchain gaming, leveraging Telegram’s vast user base and Polkadot’s capabilities to drive mainstream adoption of Web3 technology.
read moreMythical Games and Koni Stack Launch Football Rivals on Telegram
Mythical Games has partnered with Koni Stack to launch Football Rivals on Telegram, aiming to onboard billions of users into the Polkadot ecosystem. This engaging stats-based game allows players to compete using digital cards, with top performers earning exclusive rewards on the Mythos Chain. The collaboration seeks to simplify blockchain gaming access for Telegram’s vast user base, enhancing mainstream adoption of Web3 technologies.
read moreWolf Capital Co-Founder Pleads Guilty to Nine Million Dollar Ponzi Scheme
Travis Ford, co-founder and head trader of Wolf Capital, has pleaded guilty to wire fraud conspiracy after raising $9.4 million from approximately 2,800 investors with false promises of 547% annual returns. The funds were misappropriated for personal gain rather than investment, and Ford admitted the promised returns were not viable. He faces a maximum penalty of five years, with sentencing yet to be scheduled, amid a broader crackdown on crypto-related scams globally.
read moreEssential Guidance for Pi Network Users on KYC Verification and Security
Pi Network requires 15 million users to complete KYC and migrate to the mainnet by January 31. Users must pass liveness checks and sign a token acknowledgment to proceed. As the project gains popularity, users are warned to rely solely on official channels and access their wallets through the designated Pi Browser to avoid scams.
read moreRonin Network Partners with Transak for Simplified Fiat to Crypto Transactions
Ronin Network has partnered with Transak to facilitate fiat-to-crypto transactions and NFT purchases, allowing gamers to use credit cards and Apple Pay for direct purchases. The integration includes Transak’s NFT Checkout service in Mavis Market, enabling users to buy NFTs without needing prior cryptocurrency. Transak aims to simplify blockchain interactions for gamers by 2025, while also addressing a recent data breach that exposed information of over 92,000 users.
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