Pi Network (PI) News Today August 14th
Main Idea
PI token's price has rebounded slightly amid new project updates, including KYB verification for on-ramp services and new exchange listings, though upcoming token unlocks pose potential challenges.
Key Points
1. PI's price rose 10% in the past week, trading just below $0.40, but remains far below its February peak of around $3.
2. TransFi, Banxa, and Onramp.money are now the only KYB-verified on-ramp services for PI tokens.
3. Chainphon, a Dubai-based blockchain platform, listed PI on its decentralized application on August 12.
4. Over 411 million PI tokens are stored on centralized exchanges, with nearly half held on Gate.io.
5. More than 167 million PI tokens will be unlocked in the next 30 days, including 10 million on August 16.
Description
PI’s price has seen a slight rebound recently, coinciding with new updates from the project behind the token. In this article, we’ll cover the most noteworthy developments as of late. Recent Ecosystem Updates Pi News – an X account disclosing developments related to the controversial cryptocurrency project Pi Network – recently revealed that TransFi has officially completed its KYB (Know Your Business) process as a verified third‑party fiat on‑ramp partner. This allows clients of the fintech pla...
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