Mine Pi Network
Mining crypto is hard. Investing in crypto is risky. Too many of us are left out of the cryptocurrency revolution… Who Is PI To bring forth a better world of cryptocurrency, the Pi Founders knew they had to integrate theory and practice, applying what they learned in their Stanford PhDs in computer and social sciences to a real-world environment. After identifying key barriers to Crypto accessibility and adoption, the Pi Founders set out to build the next generation of web integrated with blockchain. Pi Network—officially launched on March 14, 2019 (Pi Day), with growing community participation ever since—is their solution. Today, the 35+ full-time Core Team members around the world strive to enable a large, passionate, and globally-spread-out community to make decentralized efforts toward a common purpose. Our Vision: Build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the world’s most widely distributed cryptocurrency. Built for Everyone, By Everyone Pi Network is a community of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem. This blockchain network relies on its community of Pioneers, and rewards them, through an innovative mobile mining mechanism, for their diverse contributions and digital citizenship in a clear, meritocratic and decentralized way. In order to ensure fairness in Pi mining, secure the Pi blockchain, maintain integrity in the Pi ecosystem, and eventually create and safeguard the community-run governance, it is essential to empower real people around the world and disempower malicious actors, bots, or free riders. Pi relies on its community of Pioneers to meritocratically mine Pi tokens using their mobile phones, while Pi KYC serves as a core mechanism to ensure true humanity and build collaboration into the network, enabling the community to create a decentralized ecosystem with meaningful use cases for everyday people. An accessible developer platform, combined with a large, identity-verified and crypto-enabled social network, positions Pi Network to become a pillar of the next wave of technological revolution. 20% Bonus Code Minepi.com
Vitalik Buterin Reveals the Most Disappointing Moment for Ethereum
Ethereum co-founder Vitalik Buterin has voiced concerns over criticisms directed at Ethereum’s stance on blockchain-based gaming applications. During a Wednesday AMA session on the chat app Tako, Buterin addressed user Mable Jiang’s inquiry about moments in the past year that left him frustrated or disappointed with the Ethereum Foundation, its community, or the industry. Jiang also asked if he had ever considered taking a break. In response, Buterin expressed his disappointment, particularly over criticisms that Ethereum is “bad and intolerant” for not embracing blockchain-based casinos as openly as other networks. “Perhaps the most disappointing thing for me recently was when someone said that Ethereum is bad and intolerant because we don’t respect the ‘casinos’ on the blockchain enough, and other chains are happy to accept any application, so they are better.” He stated. Despite occasional online rants about the network, Buterin, however, noted he finds comfort in personal interactions with the Ethereum community, most of whom remain committed to the platform’s original values. “I have a responsibility to this community and cannot abandon them. We Ethereum need to work together to create the world we want to see,” he added. Buterin also suggested potential strategic shifts to enhance the network, emphasizing the need for structural improvements for the network and greater decentralization within the Ethereum Foundation. He noted that the foundation, which currently facing a backlash for lack of neutrality, might need to be less neutral at the application layer and take a more active role in supporting certain initiatives. “This will require some changes,” he stated, adding, “But this project is worth doing.” Notably, Buterin’s response comes amid an ongoing debate in the blockchain space about balancing ethical considerations with open access. Some networks, like Solana, have taken a more permissive approach, welcoming applications across various sectors, including gambling and speculative ventures. However, this openness has also led to high-profile failures, such as the collapse of LIBRA, a meme coin on the Solana network. Recently, LIBRA collapsed, wiping out $4.5 billion in investor funds and causing a 15% drop in Solana’s value. Ethereum, in contrast, has long positioned itself as a network focused on decentralization, innovation, and long-term sustainability. These qualities have attracted institutional interest, with entities like BlackRock launching tokenized investment funds on the Ethereum network. Meanwhile, beyond his frustrations, Buterin remains actively engaged in Ethereum’s evolution, particularly its scalability through Layer 2 (L2) solutions. In January, he reaffirmed Ethereum’s commitment to scaling via L2s, identifying key challenges such as insufficient space for BLOB objects and L2 heterogeneity. He detailed upcoming upgrades, such as the Pectra update, which aims to enhance Ethereum’s transaction throughput with long-term goals, including achieving 100,000 transactions per second (TPS). He also underscored the importance of Ethereum’s economic model, advocating for ETH to serve as a “triple point asset,” functioning as a means of exchange, a consumable product, and a store of value. To strengthen Ethereum’s economic position, he proposed incentivizing L2 projects, optimizing rollup revenue structures, and adjusting BLOB pricing strategies.
Infini Neobank Hacked, $49.5M USDC Drained in Exploit
Key Points: The breach is part of a growing trend in 2024, where cybercriminals exploit security lapses in the crypto sector. Infini’s hack, similar to Bybit’s $1.4 billion breach, underscores the vulnerability of centralized crypto platforms. With private key mismanagement emerging as a critical risk, industry leaders call for better security frameworks to protect users and institutional funds. Infini Neobank Hacked, $49.5M USDC Drained in Exploit In the early hours of February 24, blockchain security firm CertiK detected unauthorized transactions from an Infini Neobank contract on Ethereum. The attacker, who exploited a compromised private key, gained access to an Infini-related wallet and withdrew 49.5 million USDC. According to Lookonchain, the hacker quickly converted the stolen USDC into 49.5 million DAI before purchasing 17,696 ETH. The funds were then transferred to a newly created wallet, making it difficult to track or recover them.
The possibility of Ethereum (ETH) reaching a $6,000 price tag is still on the table, according to some analysts, but two key factors must occur before that can happen.
Ethereum’s native token, Ether (ETH), is gaining positive attention, especially in the wake of recent controversy surrounding Solana (SOL) and its LIBRA memecoin incident. This, combined with a downturn in Solana’s network activity, is shifting sentiment in favor of Ethereum, with some analysts predicting a potential rally for ETH in the coming weeks, likely extending until the end of March. Historically, Ethereum has seen a bullish trend in the latter half of Q1 since 2020, with significant price pumps regardless of the overall market condition. Even during the 2022 bear market, ETH surged by 50%. Honey, a full-time crypto trader, points out that, based on historical trends, Ethereum has typically delivered an average return of 40% during the final six weeks of Q1. The trader forecasts that ETH could rise by 20% to 22% over the next six weeks, potentially pushing its price to around $3,500. However, Honey notes that the market dynamics have shifted in 2025, with a larger number of altcoins in circulation compared to previous cycles. He remains optimistic, but if Ethereum doesn’t rally by the end of Q1, he believes his thesis will be invalidated. Crypto trader Rektproof also sees potential in Ethereum, suggesting that its current position is ripe for a breakout. The trader draws parallels between Ethereum, Bitcoin, and gold, all of which have trended upward after breaking out of lower price ranges following accumulation periods. Despite this, Ethereum faces a significant hurdle: avoiding a repeat of its August 2024 sell-off. Currently, the price action resembles the drawdown observed in Q2-Q3 of 2024, with prices forming lower highs and encountering resistance at the $2,800-$2,850 range. To avoid another extended period of sideways price movement, ETH must close daily above this resistance range. If it fails to do so, the bullish expectations may be invalidated, and the price could revisit recent lows below $2,300.
Kanye West to Launch Own Crypto, Denies Links to YZY Tokens
Kanye West, now known as Ye, has publicly denied any involvement with the YZY tokens currently circulating in the market and announced plans to launch his own cryptocurrency next week. This move has stirred up speculation and debate, especially given his previous dismissal of digital assets. On February 22, Ye clarified the situation in a post on X, stating that all tokens using his name are unauthorized and “fake.” He emphasized that he will be launching his own token soon, writing, “I’m launching next week.” The announcement has sparked a variety of reactions, with some fearing it may be another celebrity-driven scam, while others suggest he should be careful about the timing of the launch. Critics point out the inconsistency with Ye’s earlier stance on cryptocurrency. Nate Geraci, President of ETF Store, warned that potential investors should be cautious and accept the possibility of losses, as he believes that if the venture goes wrong, no one will be held accountable. Recent reports have highlighted the emergence of YZY-branded tokens on the Solana-based platform Pump.fun, fueling speculation about an official token launch. Some sources suggest that Ye is working on a token linked to his Yeezy brand, with a press release from Hussein Lalani, reportedly Yeezy’s CFO, confirming the project. Details about the token suggest that Ye could control 70% of the supply, while 20% would be allocated to investors and 10% for liquidity. Part of his holdings would be locked for a year to prevent immediate selling. While the exact launch date is still unclear, Polymarket, a decentralized prediction platform, estimates a 71% chance that the token will be released this month, with over $18 million already wagered on its debut. Ye’s cryptocurrency venture is emerging in a volatile environment, where celebrity-backed meme coins have already disrupted markets, raising concerns about their legitimacy and potential long-term impact.
PI Coin Price Surges 726% at Launch—Will It Hit $2 Soon?
The launch of Pi was one of the most sensational events in the crypto industry last week. On February 20, on the day when the launch took place, the PI price marked a massive single-day growth of 726%. As early adopters rushed to cash in on their holdings, the same day, the market closed at least 60.89% below the day’s high. Moreover, on February 21, the market plummeted by nearly 18.24%. However, the market has strongly rebounded. Between February 22 and 23, the market recorded a rise of 115.66%. Dive in for more details? PI Token’s Launch and Initial Sell-Off It was on February 20 that Pi was officially launched. At the start of that day, the price of PI was $0.105. At one point, the price reached as high as $2.203. By the time of the close, sellers pulled the price to around $0.8726, making the market to close at least 60.89% below the peak of the day. Experts believe that the initial selling pressure was contributed by the aggressive selling activities of early adopters. On the second day of the launch, the price of PI declined from $0.8726 to $7173, marking a severe single day drop of 18.24%. PI’s Price Recovery and Strong Bullish Momentum It was on the third day of the launch that the market showed the first sign of recovery. On that day, the market reported a strong single-day growth of 79.18%. Since February 22, the market has surged by approximately 113.03%. As of now, the PI price stands at $1.5318. PI Technical Analysis Suggests Uptrend The RSI of PI, assessed on its four-hour chart, stands at 57.81. This clearly suggests that the market has strong potential to go up in the coming hours. Interestingly, the current Balance of Power reading of PI of 0.41 strongly supports what PI’s RSI reading conveys. Reports indicate that the PI market is currently trading above an ascending trend line. This is also a strong bullish signal. Future Price Predictions – Will PI Hit $2? In the previous week, Binance launched a voting process, seeking users’ opinions on whether to list PI in the exchange. Almost 86% of the total respondents of the process have voted in favour of the listing. If Binance lists PI, it would push the price of PI far higher. Experts predict that if the demand for PI stays high, the PI price could reach as high as $2. Meanwhile, experts also forecast that if profit-taking increases, the price may drop below $1.60 – even as low as $1.34.
Kanye’s X Sold
Kanye’s X Sold for $17M? Barkmeta Scam? MEME X But the real shocker? The most anticipated memecoin launch, RUGPULL, is allegedly a setup. The mastermind is Christian Barker, aka Barkmeta. Let’s discover more about the barkmeta scam. Who is Barkmeta? Before diving into crypto, Barkmeta was just another fashion designer from a wealthy family—nothing too special. But in 2021, he jumped into the NFT […] The post Kanye’s X Sold for $17M?…
Hackers steal $1.5 billion
Hackers steal $1.5 billion Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history. The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms. “Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.” Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million worth of Binance’s BNB token stolen in 2022. Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds. “We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email. The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations. The Lazarus Group’s history of targeting crypto platforms dates back to 2017, when the group infiltrated four South Korean exchanges and stole $200 million worth of bitcoin. As law enforcement agencies and crypto tracking firms work to trace the stolen assets, industry experts warn that large-scale thefts remain a fundamental risk. “The more difficult we make it to benefit from crimes such as this, the less frequently they will take place,” Elliptic’s Robinson wrote in a post.
