Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Pi Network users face migration issues as the March 14 deadline nears

March 10, 2025 2 mins read

Pi Network users, called Pioneers, are feeling frustrated as they face challenges transferring their mined Pi Coins (PI) to the Mainnet. With March 14, 2025, approaching, many users are reporting technical issues that have not been resolved. If they do not complete their Know Your Customer (KYC) verification by 8:00 AM UTC on that date, they risk losing most of their Pi holdings, except for coins mined in the last

Over $3 billion in Bitcoin and Ethereum options set to expire today

March 7, 2025 1 min read

Today, over $3 billion in Bitcoin and Ethereum options are set to expire, leading to expected market volatility. Bitcoin’s key “max pain” level is at $89,000, while Ethereum’s is at $2,300. The expiration of these options is causing significant price fluctuations. Bitcoin has about $2.5 billion in contracts expiring, and Ethereum has around $500 million. This event, happening at 8:00 UTC on Deribit, is likely to create wild movements in

President Trump signs an executive order to establish a Strategic Bitcoin Reserve

March 7, 2025 1 min read

President Donald Trump has signed an Executive Order to create a Strategic Bitcoin Reserve. This reserve will use Bitcoin obtained from federal criminal and civil asset forfeitures. David Sacks, who is in charge of AI and crypto for Trump, shared this news on X. The Executive Order comes just before the first-ever White House Crypto Summit, happening in less than two days. Reports say that Trump wants to keep Bitcoin

US Treasury Secretary Scott Bessent pushes for lower interest rates

March 5, 2025 1 min read

Scott Bessent, the U.S. Treasury Secretary, wants to lower interest rates to help the American public, especially those with lower incomes. He believes that cutting rates would reduce costs for loans and boost economic growth, which has been hurt by high rates. However, he faces strong opposition from Jerome Powell, the Federal Reserve Chair, who controls interest rates. Powell is cautious about making sharp cuts and prefers a gradual approach.

The SEC introduces its Crypto Task Force

March 4, 2025 2 mins read

The US Securities and Exchange Commission (SEC) has formed a new Crypto Task Force to address regulatory challenges in the digital asset space. Commissioner Hester Peirce leads this initiative, which aims to clarify and improve crypto regulations. The task force consists of a leadership team and several Senior Advisors with expertise in legal, policy, and operational matters related to crypto. Key leaders include Richard Gabbert as Chief of Staff, Michael

Tether (USDT) appoints Simon McWilliams as its new CFO

March 4, 2025 1 min read

Tether, a major stablecoin issuer, has appointed Simon McWilliams as its new Chief Financial Officer. This move is seen as a significant step towards achieving a full audit of the company. McWilliams has over 20 years of experience in finance and auditing at large investment firms. His role will focus on enhancing Tether’s transparency and preparing for regulatory requirements. Tether stated that McWilliams’ appointment shows their commitment to completing a

CME Group announces that it will roll out Solana futures on March 17

March 4, 2025 1 min read

CME Group will launch Solana (SOL) futures on March 17, pending regulatory approval. This announcement was made on February 28. The new product will include two contract sizes: a micro contract for 25 SOL and a larger contract for 500 SOL. Giovanni Vicioso, the global head of cryptocurrency products at CME Group, stated that the launch is in response to growing client demand for regulated products to manage cryptocurrency price

Bank of America’s CEO Brian Moynihan reveals the firm is considering launching a stablecoin

March 2, 2025 2 mins read

Bank of America’s CEO, Brian Moynihan, announced that the bank is considering launching its own stablecoin. This decision depends on new regulations in the U.S. Moynihan believes that stablecoins could transform the financial industry, similar to how the bank was the first major U.S. bank to launch a mobile app. The regulation of stablecoins is gaining attention. The CFTC is working on a pilot program, and Congress is taking bipartisan

Volatility Shares launches the first Solana futures ETFs

March 1, 2025 2 mins read

Volatility Shares has introduced the first Solana futures ETFs, a major advancement in cryptocurrency investments. The two ETFs, named Volatility Shares 2x Solana ETF (SOLT) and Solana ETF (SOLZ), are now listed on the Depository Trust & Clearing Corporation (DTCC). This listing allows for efficient clearing and settlement, enhancing security in trading. Earlier this month, Coinbase launched CFTC-regulated Solana futures contracts. This was crucial as it addressed the absence of

Bitcoin drops to lows of $82K, dipping to levels seen in November 2024

February 27, 2025 1 min read

Bitcoin’s price fell over 6% in just 24 hours, dropping below $84,000 on Wednesday. This decline marks its lowest level since November 2024, when Bitcoin had surged due to election-related excitement. The market is currently bearish, according to trader IncomeSharks. The drop in Bitcoin’s value is linked to rising trade war tensions. President Donald Trump announced new tariffs: 25% on Canada and Mexico, 10% on China, and an additional 25%

South Korean regulators impose a three-month partial suspension on Upbit

February 27, 2025 1 min read

South Korean regulators have suspended Upbit, a major crypto exchange, for three months. This action is because of compliance issues, like unregistered transactions and customer verification problems. The suspension runs from March 7 to June 6, 2025. New users can’t transfer virtual assets right now. Existing users can keep trading freely. Regulators discovered Upbit’s links to unregistered virtual asset companies. They did not meet AML and KYC standards. Upbit is

Pi Network addresses controversy over its legitimacy

February 23, 2025 1 min read

Pi Network faced controversy recently due to accusations from Bybit CEO Ben Zhou. Zhou claimed that a warning from Chinese police in 2023 indicated Pi Network was involved in fraud. He alleged that the project targeted early investors and compromised user data. As a result, the value of PI Coin dropped by over 50%. Many early adopters sold their holdings after the mainnet launch. In response to these claims, Pi