TL;DR Pi Network extended its migration deadline to January 31, 2025, sparking frustration over repeated delays. Despite promises of a December roadmap update on the open mainnet, Pi Network developers remain silent, leaving the community skeptical about further progress. Another Delay Instead of More Clarity Pi Network – the controversial cryptocurrency project that claims to enable people to mine digital assets directly from their smartphones – saw the light of day more than five years ago. Since then, it has undergone numerous developments, but its mainnet and native token have yet to go live. This has caused frustration across the multi-million Pi Network community, with many members insisting on information regarding those milestones. Earlier this year, the project’s team said the first big target is the launch of the Open Network, which should be introduced once users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period). Initially, people had until late September to do so, but later, the period was extended to November 30. It was then moved to New Year’s Eve, with the team claiming this will provide users with “the ample opportunity to secure their Pi.” Most recently, the developers behind the project announced another extension. “We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025,” the post on X reads. Somewhat expectedly , many community members were rather annoyed by the latest delay. Some noted that the project has been extending the deadline almost every month, jokingly advising the team to run the Grace Period for a few more years. “Extend it until 2028 instead of month by month. Nobody believes this will actually launch anytime soon. Maybe when the bull run is over,” one X user stated . Earlier in December, Pi Network maintained that 18 million people have completed Know-Your-Customer (KYC) verifications, while 8 million have already migrated to the mainnet. The developers also said they could launch the Open Network as early as Q1 2025. The post Major Pi Network (PI) Update Concerning All Users: Details appeared first on CryptoPotato .
Bitcoin (BTC) continues to command the spotlight in the crypto market, with recent data indicating its price dynamics reveal a complicated yet intriguing trend as December unfolds. The cryptocurrency has
Solana's rise today comes on the heels of declining Bitcoin market dominance and other supportive technical setups.
Japanese investment firm Metaplanet is making headlines by doubling down on Bitcoin amidst a turbulent market, embarking on a bold acquisition strategy. Metaplanet amplifies its bullish stance on Bitcoin by
Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.
The memecoin Brett is totally dominating the ecosystem on the Base blockchain. With a dedicated community and strong momentum, Brett might soon enter the top 3 of the entire memecoin ecosystem. Inspired by the iconic character from Matt Furie’s Boys’ Club comics, Brett has emerged as a dominant force in the memecoin ecosystem. This playful
Victoria, Seychelles, December 24th, 2024, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company has launched has launched AIXBT/USDT perpetual futures trading, effective at 16:00 (UTC+8). This addition offers traders a maximum leverage of 75x and supports integration with futures trading bots, enabling enhanced automation and efficiency for a variety of trading strategies. The AIXBT/USDT-M perpetual futures pair is settled in USDT, featuring a tick size of 0.00001 and funding fees settled every eight hours. With trading available 24/7, this launch reaffirms Bitget’s dedication to delivering uninterrupted access to cutting-edge trading options for its global user base. Key parameters for the AIXBT/USDT pair include USDT settlement, 75x maximum leverage, and eight-hour funding fee intervals. To maintain a secure and efficient trading environment, Bitget retains the discretion to adjust parameters such as tick size, leverage, and maintenance margin rates based on prevailing market risks. This development aligns with Bitget’s mission to provide a diverse suite of trading opportunities, leveraging innovative tools to meet the evolving demands of its users worldwide. For more details, users can visit here . About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . Contact Public Relations Media Bitget media@bitget.com
Why is Metaplanet doubling down on Bitcoin during a market slump?
From failed memecoin stunts and attempted teenage rug pulls on Pump.fun to fake FBI tokens, 2024 didn’t disappoint.
DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners. Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi. Purpose, Innovation, and Partnerships Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels. Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panelist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities. Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics: The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale. On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance. The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation. Another highlight at the event was amplified globally via Bybit Livestream . Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth . Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13. Deepening Bonds: Key Web3 Ecosystems and Communities Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe. These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub. “It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin , Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3 . “Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager . In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube