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Latest updates on the Pi network, and the revival of Bitcoin (BTC), and more: Bits summary October 3
The value of Bitcoin (BTC) increased by double digits over the past week, while Pi Network continues to develop its ecosystem by integrating new features.
The past few days have witnessed rich events for the Pay Network, as the price of Bitcoin surpassed (BTC) 120,000 USD. In the following lines, we will discuss these topics and others.
The major updates for the Pi network
Earlier this week, Dr. Chengdiao Fan, the co-founder of the project, delivered a presentation during the TOKEN2049 cryptocurrency conference in Singapore. The keynote focused on the use of the Pay network for new features in the field of decentralized trading platforms (DEX) and automated market makers (AMM).
The tools ( currently available on the test network ) will allow developers and pioneers to interact directly with token exchange operations, and provide information about decentralized finance (DeFi) before participating on the main network and interacting with real PI tokens. Van explained that documentation related to the entire process will be released in the coming weeks.
Additionally, the Pay network announced the end of the .pi domain auction: a bidding event that allows users to acquire unique names, which was launched in mid-June. Although it officially concluded on September 30, the team promised to extend the registration period for participants in the initiative 24 hours after its conclusion.
However, if a domain receives a bid during the last 24 hours of the auction, the bidding period will automatically be extended for an additional 24 hours. If another bid is received during the extended period, it will be extended for another 24 hours, and so on.
Bitcoin is in a state of escape.
The main cryptocurrency launched strongly in October, recently surpassing $121,000 for the first time since mid-August. As of the time of publication, its price is trading at around $120,300, up 10% weekly.
$BTC
#BTC125Next?
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