TechPression

Tag: Bitcoin

  • Former Twitter CEO Jack Dorsey advocates Bitcoin integration for Signal’s P2P payments

    Former Twitter CEO Jack Dorsey advocates Bitcoin integration for Signal’s P2P payments

    Former Twitter CEO and cryptocurrency advocate Jack Dorsey has urged Signal Messenger to adopt Bitcoin for its peer-to-peer (P2P) payment system. The suggestion comes as Signal currently utilises Sentz (formerly MobileCoin), an ERC-20 privacy-focused token, for in-app transactions.

    On April 9, Dorsey made this recommendation via a post on X, responding to a Bitcoin developer’s assertion that Bitcoin aligns perfectly with Signal’s emphasis on private communication.

    “Signal should use Bitcoin for P2P payments,” Dorsey stated, noting his belief in Bitcoin’s suitability for this purpose.

    Read also: Tether and Quidax collaborate on blockchain education in Africa

    Industry leaders echo support for Bitcoin adoption

    His stance has garnered support from other prominent figures in the financial technology space. Former PayPal president David Marcus echoed this sentiment, suggesting that “all non-transactional apps should connect to Bitcoin.”

    These endorsements underscore a growing movement advocating for Bitcoin’s utility as a functional payment method, moving beyond its perception as solely a digital store of value.

    Dorsey himself has indicated that relying solely on Bitcoin as a store of value might not guarantee its long-term success.

    A shift away from Altcoin focus?

    Over the years, several social media and messaging platforms have leaned towards integrating alternative cryptocurrencies rather than Bitcoin for payments.

    Despite Bitcoin’s foundational design for peer-to-peer transactions, as outlined by its pseudonymous creator, platforms like Telegram have actively promoted the use of Toncoin (TON), a cryptocurrency linked to its founders.

    Similarly, there have been long-standing speculations about Elon Musk’s X potentially launching its own digital currency, although Musk has recently denied these rumours.

    Therefore, Dorsey’s fresh suggestion could represent a potential shift in this trend, advocating for adopting the most established cryptocurrency for practical, peer-to-peer use within communication applications.

    Read also: China and Russia turn to Bitcoin for energy trade settlements

    About Signal

    Signal, an open-source encrypted messaging platform established in 2014, currently facilitates in-app payments through Sentz. This token, backed by notable investors like BlockTower Capital and Coinbase Ventures, was designed to be a fast, private, and easy-to-use cryptocurrency.

    However, Signal’s initial integration of MobileCoin in 2021 faced scrutiny due to concerns regarding potential connections between Signal’s founder and the token, as well as questions surrounding its issuance and price movements leading up to the partnership announcement.

  • China and Russia turn to Bitcoin for energy trade settlements

    China and Russia turn to Bitcoin for energy trade settlements

    On April 8, VanEck, the well-known investment management firm, released a report showing that Beijing and the Russian government were leaning towards cryptocurrency to make international trade.

    China and Russia, according to the report, were using Bitcoin for energy transactions, as a result of the escalating global trade tensions, particularly following the Trump administration’s recent tariff package targeting imports from China and other nations, announced on April 2.

    Read also: Russia adopts cryptocurrency to evade oil trade sanctions

    Expanding beyond bilateral trade

    Matthew Sigel, Head of Digital Assets Research at VanEck, commented on the trend, stating that “interest in Bitcoin as a settlement mechanism is becoming less speculative.” He elaborated in the report that “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets.”

    The VanEck report further showed that Bolivia has joined this trend, announcing its intentions to import electricity using cryptocurrency. Likewise, French energy provider EDF is reportedly exploring the possibility of engaging in Bitcoin mining using its surplus electricity, which it currently exports to Germany.

    “That interest is no longer theoretical,” Sigel emphasised, underscoring the tangible nature of these developments. VanEck’s analysis positions these events within a larger context of digital assets gaining traction in global trade, particularly among nations seeking alternatives to the established U.S.-dominated financial infrastructure.

    Meanwhile, using digital assets to settle transactions could signify a strategic move by some countries to diversify their trade and payment systems.

    Read also: Bitcoin, Ethereum, Solana, others gain as cryptocurrency hits $2.84 trillion in 24 hours

    Investor sentiment and market signals

    Also, investors are closely monitoring the Federal Reserve’s stance, as noted in the report. Historically, “dovish turns in interest rate expectations and rising liquidity conditions have historically buoyed Bitcoin performance,” Sigel added. Furthermore, the U.S. Dollar Index (DXY) is being observed as a crucial indicator, with “persistent dollar weakness may bolster Bitcoin as a macro hedge.”

    Despite a recent increase in 10-year Treasury yields on April 7, “Bitcoin’s muted response indicates decreased sensitivity to traditional macro headwinds.” Data also reveals that “U.S.-listed spot Bitcoin ETPs are also net positive by around $600 million in the year, and inflows recommenced at the end of March.”

    The report suggests that “on-chain activity and possible retaliatory measures from China or the EU to circumvent dollar-based systems” could serve as an opportunity for further adoption of cryptocurrencies in international trade.

  • Crypto prices and stocks slump over Trump’s new trade taxes

    Crypto prices and stocks slump over Trump’s new trade taxes

    On Thursday, cryptocurrency prices and related stocks fell sharply after U.S. President Donald Trump announced new taxes on imports, sparking concern in global markets.

    Fearing a potential trade war, investors sold off risky assets, including Bitcoin and tech stocks.

    Read also: Elon Musk denies U.S. government plans to adopt Dogecoin

    Major declines across the crypto market

    Coinbase, a popular crypto exchange, dropped nearly eight percent, while MicroStrategy, a big Bitcoin investor, fell over five percent. Bitcoin mining companies like Marathon Digital and Riot Platforms also saw losses between five percent and nine percent. Bitcoin itself fell almost four percent, and Ethereum dropped more than five percent.

    Experts say the drop shows that crypto is now reacting more to big economic changes. “Crypto moves with global markets, just like stocks,” said David Hernandez from 21Shares. “When investors get nervous, they sell risky assets like Bitcoin.”

    Despite the drop, some believe crypto could recover faster than stocks. “Bitcoin is still holding strong at key price levels,” Hernandez added. Others think trade wars might actually help crypto in the long run.

    “Higher taxes on trade could weaken the U.S. dollar,” said Marcin Kazmierczak of RedStone. “If people lose trust in traditional money, they may turn to Bitcoin as an alternative.”

    For now, markets remain shaky. But if things calm down, crypto could see a quick rebound as investors look for bargains.

    Read also: Trump pledges to make U.S. the world’s crypto capital

    Key facts about the stock market

    The stock market is where investors buy and sell publicly traded company shares. It plays a key role in the economy, allowing businesses to raise capital and individuals to invest for potential profit.

    Stock prices change based on company performance, economic conditions, and investor sentiment. Major markets include the New York Stock Exchange (NYSE) and Nasdaq. Factors like interest rates, inflation, and global events can impact stock movements.

    While investing in stocks offers growth opportunities, it also carries risks. Many investors diversify their portfolios to manage risk and maximise returns over time.

  • North Carolina considers adding cryptocurrency to state retirement funds

    North Carolina considers adding cryptocurrency to state retirement funds

    On Tuesday, North Carolina lawmakers proposed a bill to include cryptocurrencies, such as Bitcoin, in the state’s retirement system.

    According to a memo from the General Assembly of North Carolina Session 2025, two bills introduced by the state legislature—House Bill 506 and Senate Bill 709—would allow the state treasurer to invest up to five percent of retirement funds in digital assets.

    Read also: SEC crypto task force holds first public roundtable as regulatory overhaul looms

    A move toward modern investments

    Representative Brenden Jones, who introduced the Investment Modernisation Act (HB 506), stated, “This is about ensuring our state’s retirement system stays ahead of the curve in a rapidly evolving financial landscape.”

    The bill proposes creating an independent investment authority under the state treasury to evaluate which digital assets, including cryptocurrencies, stablecoins, and non-fungible tokens (NFT), are suitable for the retirement fund.

    Unlike similar bills in other states, North Carolina’s legislation does not impose market cap restrictions on digital assets. However, the newly formed North Carolina Investment Authority would be required to assess risks and ensure secure custody solutions for any crypto holdings.

    Meanwhile, this isn’t the first crypto-related bill North Carolina has seen this year. Earlier in March, senators introduced the Bitcoin Reserve and Investment Act (SB 327), which mandates allocating up to 10 percent of public funds to Bitcoin.

    Republican Senator Todd Johnson, a co-sponsor, emphasised, “Bitcoin represents a strategic financial innovation that can strengthen our state’s economic resilience.”

    The bill includes strict custody rules, requiring Bitcoin to be stored in multi-signature cold wallets. Selling the holdings would only be permitted during a severe financial crisis and with approval from two-thirds of the state legislature.

    Read also: Trump pledges to make U.S. the world’s crypto capital

    North Carolina joins growing trend among states

    According to Bitcoin Laws, 41 Bitcoin-related bills have been introduced across 23 states this year, and North Carolina is also signalling its intention to join the growing list of states exploring cryptocurrency investments.

    With the federal government also taking steps—such as President Trump’s recent executive order on a Strategic Bitcoin Reserve—the push for crypto adoption in public finance shows no signs of slowing down.

    As debates continue, North Carolina’s proposals could set a precedent for how states integrate digital assets into traditional financial systems.

  • Bitcoin, Ethereum, Solana, others gain as cryptocurrency hits $2.84 trillion in 24 hours

    Bitcoin, Ethereum, Solana, others gain as cryptocurrency hits $2.84 trillion in 24 hours

    In the last 24 hours, the total market capitalisation of cryptocurrencies rose by 2.94 per cent to $2.84 trillion.

    Early trading on Monday saw notable increases in Bitcoin and other major cryptocurrencies, with Bitcoin hitting about $87,480. This is an increase of 3.712 per cent

    Ethereum had a significant increase as well, rising 4.05 per cent to $2,093.

    Despite looming worries over impending U.S. tariffs and the expected publication of important economic data later in the week, the market’s upward momentum remained, indicating strong investor confidence in the cryptocurrency sector.

    Read also: U.S. Secret Service recovers $7 million from cryptocurrency scam

    Other cryptocurrencies performance 

    With gains of three percent, two percent and 3.8 percent, respectively, XRP, Cardano, and Dogecoin were other noteworthy performers.

    Growth rates for Chainlink, Avalanche, Hedera, and Stellar ranged from three per cent to 10 per cent.

    “Bitcoin is holding above $86,000, registering a three per cent gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000,” said Vikram Subburaj, CEO of Giottus.

    Market value of Bitcoin jumped to $1.727 trillion 

    The market value of Bitcoin jumped to $1.727 trillion, while its market share increased to 60.73 per cent.

    According to CoinMarketCap, stablecoin transactions made up 94.74 per cent of all cryptocurrency trade, amounting to $57.58 billion, while its 24-hour trading volume increased by 93 per cent to $18.2 billion.

    Solana leads with 7%

    Solana was a remarkable performer, rising more than seven per cent on the last day to trade above $139.

    Reports indicating that President Trump’s tariffs on April 2 would be more targeted than first thought, allaying market fears, drove the rally.

    The momentum behind Solana coincides with previously unheard-of acceptance rates.

    Solana’s total value locked (TVL) hit 54.87 million SOL, the most since June 2022, according to DeFiLlama.

    A record 11.09 million addresses currently have SOL, according to Ali Charts, highlighting the rising use.

    Ethereum and Solana bridged assets totalling over $72 million 

    Furthermore, Ethereum and Solana have just bridged assets totalling more than $72 million.

    Ethereum’s weekly active addresses (1.8 million) are greatly outnumbered by Solana’s (17 million), and Binance’s increasing SOL wallet balances suggest new stockpiling after previous selling activity.

    Read also: Bybit and AltSchool Africa offer $100,000 scholarship to equip African youths with tech skills

    Institutional adoption of Solana 

    Volatility Shares launched two Solana futures ETFs (SOLZ and SOLT) on the Nasdaq on March 21 as evidence of the growing institutional adoption of Solana.

    Significant asset managers have also expressed interest in the cryptocurrency by applying for spot Solana ETFs, including VanEck and Franklin Templeton.

    Bitcoin’s trajectory is encouraging, according to BitMEX co-founder Arthur Hayes, who said, “The Fed’s policy orientation could help Bitcoin achieve $110k before it retests $76.5k.”

  • Czech central bank official questions bitcoin’s suitability as reserve asset

    Czech central bank official questions bitcoin’s suitability as reserve asset

    On Tuesday, Jan Kubicek, a board member of the Czech National Bank (CNB), voiced concerns about adding bitcoin to the bank’s reserves, citing legal uncertainties and volatility of the cryptocurrency.

    This comes as the bank considers expanding its reserve portfolio to include new types of assets, including bitcoin, which is among the options being evaluated. “We will assess different classes of assets. Bitcoin is just one of them,” Kubicek said in an interview with Reuters released on Tuesday. “My position is rather sceptical about Bitcoin.”

    Read also: Bo Hines reveals Trump administration’s plans to ramp up bitcoin acquisition

    Volatility and institutional adoption pose challenges

    He emphasised that the legal status of digital currency remains unclear, and direct ownership would require the development of new processes in areas like accounting and auditing.

    Kubicek also expressed concerns about bitcoin’s price fluctuations, noting that its future volatility may not follow past patterns. “We cannot be certain that Bitcoin’s volatility in the coming years will mirror the patterns observed over the past decade because I suspect that, if more institutional investors accept bitcoin as an investment asset, it will start to behave differently from what we have seen so far,” he explained.

    The Czech central bank’s study on expanding its reserve assets is expected to be completed by October. The official mentioned that the bank is considering other options, such as international corporate bonds, targeted equity indices for technology stocks, and property investment funds.

    Mixed reaction from Czech central bank policymakers

    In January 29, 2025, CNB Governor Ales Michl proposed the idea of adding bitcoin to the bank’s reserves but the proposal faced pushback from other policymakers, according to a post on his official X handle.

    Read also: South Korea’s Central Bank rules out bitcoin as reserve asset amid volatility concerns

    “We are also diversifying reserves—gradually increasing gold holdings from 0 percent to around 5% and planning for 30% in equities. An asset under consideration is Bitcoin.”

    In contrast, the vice governor, Eva Zamrazilova, stated that bitcoin is not a suitable reserve asset, while European Central Bank President Christine Lagarde emphasised that reserves must be “liquid, secure, and safe.”

    The Czech central bank’s reserves, valued at 142.8 billion euros ($155.75 billion), account for about 45 percent of the country’s gross domestic product (GDP).

    In recent years, the bank has diversified its holdings by gradually purchasing gold and increasing its equity investments.

  • South Korea’s Central Bank rules out bitcoin as reserve asset amid volatility concerns

    South Korea’s Central Bank rules out bitcoin as reserve asset amid volatility concerns

    Bank of Korea (BOK), a key financial institution overseeing South Korea’s $410 billion foreign reserves, has officially ruled out bitcoin as part of its strategic holdings.

    The decision comes amid growing global discussions on cryptocurrency adoption, particularly following the United States’ recent move to establish a Strategic Bitcoin Reserve.

    Read also: South Korea bans DeepSeek downloads over alleged data sharing with ByteDance

    The reason behind the South Korean decision

    The central bank clarified its stance in response to a March 16 enquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee. The bank cited bitcoin’s extreme price fluctuations as a significant deterrent, stating, “If the virtual asset market becomes unstable, there is a concern that transaction costs will increase rapidly in the process of converting bitcoin into cash.”

    Bitcoin, which currently trades at about $83,450—down 23 percent from its all-time high of $109,000 in January—has experienced notable price swings in recent months, fluctuating between $98,000 and $76,000 in a single 30-day period, according to CoinGecko data.

    Concern about IMF criteria and BOK’s reserve strategy

    The Bank of Korea further stressed that bitcoin does not align with the International Monetary Fund’s (IMF) standards for foreign reserves. “The IMF requires reserve assets to be liquid, marketable, and investment-grade,” the bank stated. “Bitcoin does not meet these requirements.”

    While South Korea has one of the world’s most active cryptocurrency markets, the central bank remains cautious about integrating digital assets into its monetary framework.

    Despite calls from lawmakers and crypto influencers for the nation to embrace bitcoin, BOK officials maintain that foreign reserves should comprise assets with minimal risk exposure.

    Read also: How to keep your Pi safe: Wallet tips and scam prevention

    Global trends and future implications

    Last week, a seminar hosted by South Korea’s Democratic Party explored the potential inclusion of Bitcoin in the country’s reserves.

    Meanwhile, Japan’s Prime Minister Shigeru Ishiba has also expressed concern, citing a lack of clarity on how other countries, including the U.S., plan to manage their bitcoin holdings.

    Although El Salvador has officially incorporated bitcoin into its financial strategy, South Korea’s central bank insists on a more conservative approach. “It is appropriate for foreign exchange to be held in proportion to the currencies of countries with which we trade,” said Professor Yang Jun-Seok of the Catholic University of Korea.

  • Bitcoin rebounds as investors capitalise on dip amid economic concerns

    Bitcoin rebounds as investors capitalise on dip amid economic concerns

    Bitcoin, which recently experienced a downturn, surged on Friday alongside most altcoins as investors seized the opportunity to buy the dip.

    The rebound followed a report revealing a notable slump in U.S. consumer confidence, which hit its lowest level in two years.

    Concerns over the American president’s proposed tariffs and their potential impact on inflation and ongoing job cuts at Elon Musk’s Department of Government Efficiency have raised fears about the economy’s stability.

    Read also: Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Altcoins alongside bitcoin gain momentum

    Altcoins followed Bitcoin’s lead, with Ripple (XRP) climbing four percent and Chainlink (LINK), Bonk (BONK), and JasmyCoin (JASMY) posting gains exceeding five percent. Analysts suggest that economic uncertainty often drives investors toward riskier assets, particularly when signs of Federal Reserve intervention emerge.

    Historically, the reserve has responded to economic downturns with interest rate cuts and quantitative easing, fuelling demand for digital assets.

    “With consumer confidence plunging and recession fears rising, investors are looking for opportunities in alternative markets,” noted a strategist from Janney Montgomery Scott. “Cryptocurrencies tend to benefit in such conditions, especially when speculation on monetary policy shifts increases.”

    Furthermore, on Friday, U.S. stocks rallied significantly, with the Dow Jones rising by 625 points, the S&P 500 gaining 102 points, and the Nasdaq 100 climbing 400 points.

    Small-cap stocks, tracked by the Russell 2000, also jumped over three percent. Notably, gold exceeded a record high of $3,000, reflecting investor caution amid economic uncertainty.

    Read also: Russia adopts cryptocurrency to evade oil trade sanctions

    Fear over dead cat bounce

    Despite the rally, Janney warns that the recovery could be a “dead cat bounce”—a temporary rebound during a broader downtrend.

    “Nearly everyone is looking for a bottom and to ‘buy the dip’ at some point, but the current condition of the markets has not implied any real improvement on a technical basis,” noted an analyst from Janney Montgomery Scott.

    While the rebound offers hope, the possibility of a prolonged downturn remains, reminding investors to tread carefully in these volatile markets.

  • Gemini sets Guinness World Record with 1,000-drone forming Bitcoin logo

    Gemini sets Guinness World Record with 1,000-drone forming Bitcoin logo

    Cryptocurrency exchange Gemini, a U.S.-based leading digital asset platform, has made history by organising an impressive aerial display featuring 1,000 drones to form the Bitcoin (BTC) logo.

    The event, held on Thursday in Austin, Texas, earned Gemini a Guinness World Record for the largest-ever currency symbol created using drones.

    Read also: New memory feature lets Google’s Gemini AI Chatbot recall past conversations, queries

    Guinness World Records acknowledged the feat

    As part of its celebration of the U.S. Strategic Bitcoin Reserve initiative, Gemini’s drone show included visuals of a rocket launch and a moon landing, leading up to the iconic Bitcoin “₿” symbol. The display was accompanied by the bold message: “Go where dollars won’t.”

    Gemini, through their official X handle, described the event as a tribute to Bitcoin’s growing influence in the financial world.

    “In celebration of the U.S. Strategic Bitcoin Reserve, we’re hosting a Guinness World Record-breaking drone show,” the company stated. “The show explores the future of money and features the Bitcoin ‘₿’ as the largest currency symbol in the sky.”

    Guinness World Records officially acknowledged the feat, awarding Gemini a certificate for “The largest aerial display of a currency symbol formed by multirotor drones.”

    SEC ends investigation into Gemini

    In addition, Gemini co-founder Cameron Winklevoss announced that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the exchange without filing any charges.

    “This marks another milestone in the end of the war on crypto,” Winklevoss said, referencing the SEC’s recent decisions to drop cases against Coinbase, Robinhood, Uniswap, and OpenSea.

    He emphasised that while these dismissals represent progress, they do not erase the industry’s challenges. “The damage inflicted on the broader U.S. crypto ecosystem cannot be undone overnight,” he added.

    Read also: Trump vows to make U.S. global cryptocurrency leader at first-ever White House Crypto Summit

    Bitcoin adoption on the rise

    Meanwhile, companies’ interest in Bitcoin continues to grow. Japanese firm Metaplanet added 162 BTC to its holdings, bringing its total to 3,050 BTC.

    Also, Video-sharing platform Rumble acquired 188 BTC, reinforcing its belief in Bitcoin as a strategic asset.

    But, Hive Blockchain reduced its Bitcoin reserves, selling a portion to invest in hydro-powered mining infrastructure in Paraguay. Despite this, the adoption trend of the peer-to-peer electronic cash system remains strong.

    However, the event in Austin underscores Bitcoin’s growing mainstream acceptance and the crypto industry’s resilience.

  • How to keep your Pi safe: Wallet tips and scam prevention

    How to keep your Pi safe: Wallet tips and scam prevention

    The Pi Network, launched in 2019 by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan, is an innovative approach to cryptocurrency. Unlike traditional crypto like Bitcoin, which requires significant computing power, Pi allows users to mine coins on their smartphones with minimal effort.

    This accessibility was designed to democratise crypto, bringing it to everyday users. Pi uses a unique consensus mechanism, aiming for an eco-friendly and inclusive ecosystem. Pi is in its pre-mainnet phase, with no official trading or exchange yet authorised.

    Read also: $TRUMP Crypto coin’s meteoric rise: 300% gain in hours electrifies investors

    Pi wallet: your digital key to Pi

    The Pi wallet is integral to the Pi Network, serving as your Pi coins’ storage and management system. To access your Pi, you need a seed phrase – a 24-word password akin to your master key. This phrase is crucial, as it’s the only way to recover your wallet if you lose access. Protecting this seed phrase is paramount, as it’s your digital signature to all the Pi you’ve mined.

    Pi’s current value and market dynamics

    Pi isn’t officially listed on major crypto exchanges, but IOU markets have emerged where Pi is speculated to trade. Prices can fluctuate wildly, with some IOUs reaching highs of $330.65 last year, while currently, they hover around $40 to $50. This speculative market underscores the need for caution, as these values do not reflect Pi’s official worth or the network’s actual market cap.

    Real-world use of Pi

    Despite not being fully launched, Pi has seen grassroots adoption for transactions. Some merchants in countries like South Korea, Vietnam, Turkey, and Nigeria accept Pi as payment, facilitated by Pi’s peer-to-peer marketplace within its app. This early adoption shows Pi’s potential for real-world utility, even in its developmental stage.

    Scams and fraud: Protecting your Pi

    With Pi’s growing popularity, scams have become rampant. Fraudsters often lure users with “free Pi” promises or require you to enter your seed phrase to unlock or migrate your coins. Never share your seed phrase; it’s your crypto’s password. Sharing it with anyone or entering it on any website other than your official Pi wallet interface is akin to handing over your bank details.

    Beware of offers that seem too good to be true, like free Pi with no strings attached, as these are likely traps designed to steal your cryptocurrency. Doing your research is crucial since Pi Network hasn’t officially launched its open manner yet. Any site claiming to enable Pi transactions or offering to sell Pi should be approached with scepticism.

    Unofficial trading of Pi occurs at different rates around the world, from local meetups to online platforms, which can lead to fraud, especially in transactions that are not transparent or secured.

    Read also: Binance customer fund deposits hit $21.6 billion in 2024: Report

    Protecting your investment

    You should use strong passwords alongside your seed phrase to safeguard your Pi. If available, enable two-factor authentication for an additional layer of security. Educate yourself about the platform’s official communications; Pi Network’s official channels will never ask for your seed phrase.

    Pi’s journey from a novel idea to a burgeoning crypto network is exciting and challenging. While the promise of Pi lies in its user-friendly approach to mining and potential for widespread adoption, the crypto landscape is also riddled with scams and fraud.

    By protecting your seed phrase and being cautious of where and how you engage with Pi, you can enjoy the benefits of this emerging cryptocurrency while keeping your digital assets secure. Remember, in the world of Pi, caution is your best friend.