Kashif Saleem

Pi Network is under growing scrutiny for concerns about decentralization. Recent data from PiScan reveals that the core team holds a staggering 82.8 billion Pi Coins, making up 82% of the total 100 billion supply. Such a heavy concentration of tokens within a small group raises doubts about the project's decentralized structure.

Pi Network’s highly anticipated mainnet launch went ahead yesterday marking a significant milestone in cryptocurrency history. Excitement surged across the market, driving Pi Coin’s value up by over 36% within an hour. Prices peaked at $3.41 on Bitget, reflecting the years of anticipation leading up to the launch.

In crypto news today, Binance has launched a community vote on whether Pi Network’s token, Pi Coin, should be listed on its platform.

Pi Network has confirmed that its long-awaited Open Network will officially go live on February 20, 2025, at 8 AM UTC.

The much-anticipated Pi Network Mainnet launch has hit another roadblock, disappointing millions of crypto users.

Russia and India have deepened financial ties, significantly cutting reliance on the U.S. dollar. Nearly 90% of direct transactions between the two nations are now conducted in rubles and rupees.

Speaking at The University of Chicago Booth School of Business in London, Andrew Bailey, the Bank of England’s Governor, raised concerns over the influence of non-bank financial (NBFIs) institutions in global markets.

The hacked crypto exchange WazirX plans to distribute 85.25% of the portfolio value lost in the devastating $230 million hack that shook the platform in July 2024.

Japan’s Financial Services Agency (FSA) is considering tax cuts and regulatory reforms to boost the market.

After a solid start to the year, Solana has slipped nearly 28% from its January peak of $294.33.