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Compare Bit coin and Pi network. . . #bitcoin #Meme #solana #arbitrum

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Pi Network’s Emphasis On Nodes Marks A Strategic Shift In a recent statement, Nicolas Kokkalis, a key figure behind the Pi Network, has revealed that node-related discussions will take center stage in the upcoming quarters. This update brings anticipation and excitement to Pi Network users who have been eagerly awaiting insights into node functionalities and the potential launch of the Pi Network’s Mainnet. Nicolas explained that the previous quarter was dedicated to addressing crucial matters outlined in earlier announcements, causing a temporary shift away from node-related topics. However, he assured users that the next quarter would witness a reorientation, with nodes becoming a primary focus. The range of node-related topics highlighted by Nicolas includes node bonuses, configurations, selection criteria, connection methods and operations, and the selection process itself. These encompass a comprehensive exploration of various aspects related to nodes, forming a critical part of the Pi Network’s infrastructure. Node Bonuses and Configurations: Key Points of Interest Node bonuses are expected to capture the attention of Pi Network users, potentially offering incentives and rewards for running nodes. Meanwhile, node configurations could cover technical specifications, setup instructions, and recommendations for optimal node operation within the Pi Network ecosystem. The criteria for selecting nodes will provide insights into factors the Pi Network considers, shedding light on the network’s decentralization and security strategies. Information on node connection methods and operations will be invaluable for users aiming to establish and maintain stable connections to the network. While these node-related topics are significant, it is crucial to note that they do not explicitly indicate an imminent Mainnet launch. The launch has been a subject of speculation and anticipation within the Pi Network community, and this update provides context but leaves room for interpretation.

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Pi Network Surpasses 5 Crore App Downloads, Emerging As A Crypto Powerhouse Pi Network, the decentralized cryptocurrency project, continues to make waves in the digital currency space, achieving a remarkable milestone by surpassing 5 crore app downloads on the Google Play Store. This accomplishment not only signifies the growing popularity of Pi Network but also cements its position as a significant player within the crypto community. With over 5 crore downloads, Pi Network’s user base now stands shoulder to shoulder with major players in the cryptocurrency industry, such as Binance, a global crypto exchange giant. The comparison to Binance, known for its extensive user base and trading volume, emphasizes the rapid growth and increasing relevance of Pi Network in the competitive digital currency landscape. Pi Network’s distinctive approach to mining and earning cryptocurrency through mobile devices has resonated with users globally. The project’s vision of creating a more inclusive and accessible cryptocurrency has attracted a diverse range of individuals seeking alternative ways to participate in the digital economy. The exponential growth of the Pi Network community serves as a testament to the project’s ability to engage and retain users. The user-friendly mobile application offers a seamless experience for mining and earning Pi coins, making it accessible to individuals without extensive technical knowledge or expensive mining equipment. While Pi Network remains in its testing phase and awaits the launch of its open mainnet, the substantial user base amassed signifies a robust foundation for the project’s future success. The Pi Network team has been diligently working to refine and improve the platform, ensuring a secure and scalable infrastructure before the official mainnet launch. Surpassing 5 crore app downloads on the Google Play Store is a significant milestone for Pi Network, solidifying its position as a formidable player in the cryptocurrency landscape. As the project gains momentum, the community eagerly anticipates further updates

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Nigeria to officially join crypto trading with launch of cNGN stablecoin Nigeria has announced plans to officially join crypto trading on February 27, when it will launch its own stablecoin, cNGN. Presidential media aide Olusegun Dada made this announcement via his official handle on Friday. “Nigerian banks and other fintech companies will launch the cNGN stable coin on February 27, 2024,” Mr Dada said. “The cNGN is part of the Central Bank’s efforts to ensure the Naira becomes a stable currency that can be relied on by investors and users across the globe.” With the cNGN, Nigerians and other nationals from any part of the world can trade cryptocurrency without buying the USDT with naira as currently practised. “It is similar to other stable coins like USDT and USDC and will join other currencies that can be used to trade from any part of the world,” Mr Dada said. When launched on February 27, as announced, the cNGN is expected to be listed on major crypto exchange platforms, Binance, Coinbase, Kilpin etc. This follows the lifting of the ban on cryptocurrency by the Central Bank of Nigeria late last year. The apex bank said its decision to lift the ban on cryptocurrency was informed by global trends that show there is a need to regulate cryptocurrency.

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FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent court filing at the United States Bankruptcy Court for the District of Delaware, the debtors proposed that any customer claim seeking compensation from the exchange should be based on the asset’s value as of November 11, 2022. According to the plan, the value of each claim will be determined by converting the crypto assets into cash using conversion rates specified in a conversion table. Cryptocurrency prices have risen significantly since the bankruptcy filing. Bitcoin, for example, was valued at $17,036 during the filing but has since surged to $42,272 at the time of publication. In a separate development, FTX received approval on November 30 to sell around $873 million worth of trust assets, with the intention of using the proceeds to repay creditors of the collapsed exchange. Furthermore, on December 7, the FTX 2.0 Customer Ad Hoc Committee proposed revising the reorganization plan to ensure a fair balance among the stakeholders’ interests. Meanwhile, there has been growing scrutiny regarding the activities of crypto assets associated with both FTX and Alameda Research. On December 9, reports emerged that wallets linked to these defunct entities had transferred digital assets worth $23.59 million to multiple cryptocurrency exchanges. Bankman-Fried Faces 115 Years in Prison Last month, FTX founder Sam Bankman-Fried was found guilty by a jury of defrauding customers and lenders. A tentative sentencing date of March 28, 2024, has been set, with legal experts suggesting a potential prison term of 15-20 years, despite a theoretical maximum of 115 years.

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