The absence of Pi Coin (PI), the native token of the Pi Network, on Binance, the world’s largest cryptocurrency exchange by trading volume, has been a topic of significant discussion within the crypto community. Despite the project's massive user base and community support, several factors contribute to Binance’s reluctance to list Pi Coin. Below is a detailed analysis of the reasons, based on available information and critical examination of the situation:
Pi Coin is not listed on Binance due to several key issues
1. Enclosed Mainnet: Pi Network’s restricted mainnet limits external trading, making it incompatible with Binance’s requirement for a fully operational, open blockchain. 2. Opaque Tokenomics: Lack of transparency in token supply (100B total, ~6.9B circulating), locking, and burning mechanisms raises concerns about manipulation, failing Binance’s listing standards. 3. Regulatory Risks: Pi lacks recognition by major regulators, faces pyramid scheme allegations in China, and has KYC issues, posing
XRP Holders Are Free: Former SEC Lawyer Clarifies Gensler's Lawsuit Targets Ripple, Not Investors
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has stirred significant speculation, particularly around the potential appeal of the 2023 court ruling on XRP sales. Many anticipate that the SEC, under Chairman Gary Gensler, will challenge the July 2023 decision, which classified $XRP programmatic sales of XRP as non-securities. Fox Business reporter Eleanor Terrett shared insights from a former SEC attorney, suggesting an appeal is on the horizon.
Frustration is building among some in the crypto community, with one internet user questioning the SEC’s priorities. They expressed concern over the agency’s consumer protection efforts, especially considering the XRP holders already impacted by the legal scuffle. The user criticized the SEC for seemingly targeting the public without substantial evidence of Ripple's wrongdoing, calling it a misuse of taxpayer funds.
However, former SEC lawyer Marc Fagel offered a different perspective, emphasizing that the lawsuit is exclusively directed at Ripple, not individual XRP holders. In a post on X (formerly Twitter), Fagel reassured, “The case is strictly against Ripple. XRP holders are free to use their $XRP however they choose, so why the outrage?”
He further added, “People complain when the SEC is too aggressive, but when a crypto firm collapses, the same people accuse the SEC of not doing enough. It's a no-win situation. Why give up the chance to point fingers when the next inevitable crypto failure happens?”
Ripple’s clash with the SEC stems from allegations that it violated securities laws by selling XRP without proper registration. While Ripple scored a major victory in terms of secondary sales, the company still faced a $125 million fine for other regulatory violations. Ripple’s lead attorney, Stuart Alderoty, acknowledged the possibility of an appeal but remained confident that it wouldn’t affect the legal status of XRP.
🚨Breaking News: Don't Sell $HMSTR Tokens Before Reading This!
With $HMSTR now listed on Binance, some are thinking about selling, but holding on could be a wiser move. Let’s break down why you might consider selling your $HMSTR now:
📌 1. Massive Token Supply: A Potential Risk HMSTR has 100 billion tokens in circulation, which could lead to a sell-off. While the "Season 2" reserve sounds promising, it might just be a tactic to keep investors engaged while insiders offload their holdings.
📌 2. Declining Community Trust: Bans on legitimate users accused of ‘cheating’ have eroded trust within the community. As confidence drops, a wave of sell-offs could follow.
📌 3. Weak Pre-Market Hype: HMSTR struggled to build excitement before its launch, suggesting a weak starting price. This could lead to a sharp sell-off, putting remaining holders at risk.
📌 4. Lack of Utility: Unlike tokens such as $NOT and $DOG, HMSTR offers little in terms of utility. An anonymous team, vague roadmap, and poor communication further raise doubts about its long-term value.
💡 My Take: I’ve already sold 90% of my $HMSTR . With risks piling up, HMSTR feels more like a gamble than a sound investment. Be cautious, and make informed decisions—don’t let emotions drive your choices. ⚠️
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Hamster Kombat (HMSTR) is a unique cryptocurrency that serves as the in-game currency for the Hamster Kombat ecosystem. By holding onto your $HMSTR coins, you can potentially see their value increase over time.
This is because the demand for the coin often rises as more players join the game and use HMSTR for in-game purchases like character skins and upgrades.
However, several factors can cause the price of $HMSTR to decline. Market sentiment plays a significant role; if investors lose confidence in the project, they may sell their coins, leading to a drop in price. Additionally, external factors like regulatory changes or negative news about the cryptocurrency market can also impact HMSTR's value.Another factor is the overall supply and demand dynamics.
If there are more sellers than buyers, the price will naturally go down. Lastly, technological issues or security breaches within the Hamster Kombat platform can also lead to a decline in the coin's value.
Holding onto your $HMSTR coins can be a good strategy, but it's essential to stay informed about market trends and other factors that could affect the price.
The future Of crypto currencies especially Bitcoin $BTC
The future of cryptocurrencies, especially Bitcoin, is a hot topic. Here are some key predictions:
1. Regulation and Adoption: Expect more regulations to protect investors, leading to greater institutional adoption. Major banks might integrate blockchain technology.
2. Tech Advancements: Improvements in blockchain scalability and security, like the Lightning Network for Bitcoin, will make transactions faster and cheaper.
3. Mainstream Use: Bitcoin could be used for everyday purchases by 2035, with prices listed in both fiat and Bitcoin. User-friendly platforms and education will be crucial.
4. Market Volatility: Bitcoin might reach new highs due to increased demand and limited supply, but investors should be cautious. 5. Integration with Other Tech: Cryptocurrencies will merge with AI and IoT, creating new applications like smart contracts and DeFi platforms. 6. Sustainability: Future advancements will focus on making mining more energy-efficient, with alternatives like Proof of Stake reducing energy use.
The future of cryptocurrencies is full of potential and uncertainty. Staying informed and adaptable will be key.
The Hamster Kombat $HMSTR token recently debuted on major exchanges like Binance, sparking significant excitement. Initially, its price surged to $0.01336, a 1236% increase.
However, it soon corrected to around $0.00711, reflecting typical market volatility.Technical issues on Binance, such as server congestion, frustrated many traders.
Despite these challenges, the token's integration into a popular game suggests a promising future.In summary, Hamster Kombat's journey highlights the unpredictable nature of crypto trading. Investors should stay cautious and informed.
In the world of cryptocurrency, trust and transparency are crucial. Unfortunately, BLUM has raised significant concerns among its users.
User Experiences
Several users have reported alarming discrepancies in their BLUM coin balances. One user shared that their balance was reduced from 33,000 to 22,000, then from 35,000 to 22,000, and most recently, from 46,000 to just 4,600. These reductions have led to frustration and accusations of fraudulent activity.
Community Reactions
The crypto community has been vocal about these issues, with many users sharing similar experiences. The sudden and unexplained reduction in coin balances has led to widespread speculation about the legitimacy of the BLUM project.
Official Responses
BLUM's official channels have yet to provide a satisfactory explanation for these discrepancies. This lack of transparency only fuels further distrust.
Protecting Yourself
Given the current situation with BLUM, it's crucial for crypto enthusiasts to take proactive steps to protect themselves:
1. Verify Information: Always rely on official channels for updates and announcements. 2. Secure Your Investments: Use reputable wallets and exchanges to store your assets. 3. Stay Informed: Engage with the crypto community to stay updated on potential scams.
Conclusion
The allegations against BLUM highlight the importance of due diligence in the cryptocurrency world. As users await a clear and transparent response from BLUM's developers, this incident serves as a reminder to approach new projects with caution and prioritize security in all crypto dealings.
If you've been affected by similar issues with BLUM or any other crypto project, consider reaching out to relevant authorities or seeking legal advice.