Pi Network has unveiled a groundbreaking Fast Track KYC feature, accelerating user onboarding through AI-enhanced verification. Simultaneously, the project has reportedly launched on Solana’s blockchain, though its token price remains significantly depressed. These developments aim to expand ecosystem participation while maintaining security standards.
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Pi Wallet Now Supports Direct Fiat Purchases
Pi Network has rolled out a major update enabling users to purchase Pi directly in the Pi Wallet using fiat, eliminating the need for third-party exchanges. The feature, supported by Banxa and Onramper, allows seamless transactions via debit cards, Apple Pay, or Google Pay, making crypto more accessible to beginners. Available in over 100 countries, this update could drive mass adoption and enhance Pi’s real-world utility, especially with over 7,900 dApps already built on Pi App Studio. Recent upgrades, including Pi Desktop enhancements and Pi Node v0.5.3, have improved performance and user experience, contributing to a 14% price surge and a 205% increase in trading volume. If Pi breaks above $0.52, it could target $0.85, reflecting strong community enthusiasm.
read morePI Token Surges 64% Weekly: What’s Driving the Rally?
After months of stagnation and an all-time low of $0.4, PI token has surged by 64% in a week, reaching $1. The rally appears driven by hype around a potential Binance listing and an upcoming announcement on May 14. Analysts like Moon Jeff also point to accumulation by unknown entities, including BANXA, as a possible factor. With Pi Network’s founder set to speak at Consensus 2025, speculation continues to mount, though no concrete evidence explains the sudden price spike. The token’s volatility highlights the influence of market sentiment and unverified rumors in crypto.
read moreCommon Launches Privacy-First DeFi Web App
Common, a privacy-focused DeFi platform, has unveiled its Web App, allowing users to conduct private transactions across blockchains like Arbitrum and Aleph Zero’s EVM in under a second. The platform leverages Aleph Zero’s Shielder Network, which uses zero-knowledge cryptography to ensure privacy without centralized intermediaries. Key features include ‘Shielding’ for breaking transaction links, non-custodial architecture, and plans for mobile integration, shielded yield, and multichain privacy expansion. The launch aims to make privacy accessible in crypto, with future updates promising enhanced fiat access and private bridging. Common’s open-source, audited smart contracts align with DeFi principles, offering users verifiable security.
read moreCommon Launches Privacy-First DeFi Web App
Common, a privacy-first DeFi platform developed on Aleph Zero’s infrastructure, has introduced its Web App, allowing users to conduct private transactions across blockchains like Arbitrum and Aleph Zero’s EVM in subsecond times. The platform leverages zero-knowledge cryptography and smart contracts to ensure decentralized privacy without relying on centralized exchanges. A mobile version is expected by the end of May, featuring fiat on-ramps and seamless dApp connectivity. Future updates will include shielded yield, smart yield strategies, staking rewards, and expanded multichain support. Common emphasizes intuitive UX and compliance-ready privacy, positioning itself as a key player in crypto mass adoption.
read moreBraavos Wallet: Secure & Intuitive Crypto Management
The Braavos wallet is a self-custodial solution designed for ease and security in the crypto space, leveraging Ethereum’s safety and StarkNet’s scalability. It integrates one-click swaps, multiple funding options, NFT galleries, and dApp access. Advanced features include biometric authentication via Hardware Signer and upcoming smart contract upgrades like 2FA and gaming session keys. Available on mobile and browsers, Braavos supports seamless token swaps, cross-chain bridging, and NFT purchases. The wallet is community-driven, encouraging feedback via Discord and Twitter. Setup is straightforward, with tutorials available for funding, swapping, and exploring StarkNet’s ecosystem.
read moreBinance: A Comprehensive Overview of Cryptocurrency Exchange and Services
Binance is a leading cryptocurrency exchange offering various services such as trading, peer-to-peer exchange, crypto loans, and a Visa card. It supports over 150 cryptocurrencies, provides secure trading platforms, and allows users to earn interest on their crypto assets through different programs. Additionally, Binance offers a crypto debit card, liquid swap, and a mining pool for enhanced profitability.
read moreClearpool and Banxa Launch Innovative Credit Vaults on Avalanche
Clearpool has launched Credit Vaults on Avalanche, offering flexible borrowing terms for DeFi users. Banxa has partnered with Clearpool to inaugurate the first Credit Vault, enabling access to up to USDT 5 million in borrowing capacity. This innovative offering aims to transform the landscape of on-chain credit markets by providing liquidity and flexibility to borrowers while offering attractive yields to lenders.
read moreBitget Wallet Announces Launch of Native Token BWB After Investment
BitKeep, now Bitget Wallet, is set to launch its native token, BWB, following a $30 million investment from Bitget Exchange. The token will offer benefits to users, including governance rights and ecosystem airdrops. Despite a service overload issue, the wallet boasts over 19 million users and supports around 40 blockchains for in-wallet swaps.
read moreBackpack Exchange Partners with Banxa for Global Crypto On-Ramp Solution
Backpack Exchange, in partnership with Banxa, now offers a digital asset on- and off-ramp solution to users in over 130 countries. With a focus on responsible trading, the exchange has seen significant trading volume, particularly with its SOL/USDC pair leading global trading volume. The exchange’s recent success has been supported by obtaining various operational licenses across multiple jurisdictions, including a VASP license from the Dubai Virtual Assets Regulatory Authority.
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