TL;DR
- Over 9 million Pi Network users have supposedly migrated to the mainnet as the team aims to launch Open Network in Q1 2025.
- The Shiba Inu-related token TREAT will go live on January 14, 2025, prompting community enthusiasm but also warnings about scammers offering fake services with it.
- Bitcoin (BTC) exceeded $102,000 on January 6, shortly after MicroStrategy announced its latest purchase of 1,070 BTC.
Pi Network’s Latest Progress
The contentious digital currency initiative, Pi Network, emerged in 2019. Since then, it has experienced several advancements. However, the rollout of a fully functional blockchain and its native coin is still pending.
The team has earlier announced that their primary goal is launching the Open Network. This may occur when 15 million users complete mandatory Know-Your-Customer (KYC) checks and transition to the mainnet, a phase referred to as the Grace Period. Users must comply with the rules by January 31st, though it’s possible that the deadline could be extended once more.
More recently, Pi Network announced that approximately 9 million individuals have transitioned to their main network, indicating significant advancements towards an open network.
If you’re yet to complete Mainnet migration or KYC, please review your Mainnet Checklist and KYC application to determine if any additional steps are required, according to the announcement.
In the aftermath of the latest update, some community members expressed appreciation, yet others encountered issues with verifications and transitioning to the mainnet. To help those experiencing similar troubles, Pi Network has suggested a solution: users should consider joining a specialized Telegram group where moderators are on hand to address their questions and concerns.
SHIB Users, Beware
The well-known meme currency, introduced in the summer of 2020, has transformed into a comprehensive ecosystem over the past few years. The team has announced that TREAT (a token offering rewards for users interacting with Shiba Inu’s protocols such as the layer-2 scaling solution Shibarium) will become active on January 14.
As a crypto investor, I’ve seen firsthand how exciting new developments can be. However, these advancements unfortunately sometimes create opportunities for scammers to deceive unsuspecting newcomers to the world of cryptocurrencies.
Shibarium Trustwatch, a security-focused X account, has issued a warning: Be wary of fraudsters who claim to offer legitimate TREAT services. Steer clear of questionable characters in this regard.
As a crypto investor, I’m warning you all about the deceptive tactics being used by these scammers, disguising themselves as SHIB community members. Their supposed ‘treats’ are nothing more than traps to lure unsuspecting investors. These cunning predators, much like vultures circling for their next meal, are relentless in their pursuit of naive victims. I implore you all, with sincerity and a plea for your safety, not to be ensnared by these scams. Stay vigilant, protect your investments, and let’s build our crypto future together wisely and securely.
Make sure you understand this: TREAT launch is set for January 14th, 2025, and it won’t happen before then. If any doubts arise at any point, feel free to reach out to us. Stay secure, SHIBARMY.
BTC Price Rally
To wrap things up, let’s discuss the leading cryptocurrency that broke the $100K mark for the first time this year. Initially trading around $93,000 on New Year’s Day, its value has been steadily increasing thanks to the bullish sentiment in the market.
The peak event transpired a few hours back as the asset’s price peaked at $102,500 (according to CoinGecko’s data). This incident followed MicroStrategy’s recent announcement about its Bitcoin purchase. On this occasion, the company, led by Michael Saylor, procured 1,070 BTC for approximately $101 million, with an average price of $94,004 per coin.
It’s interesting to note that several of the company’s past Bitcoin buys have been preceded by corrections. At present, Bitcoin is trading near $101,500, marking an 8% growth over the past week.
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2025-01-07 13:30