Meanwhile, the PI token continues to struggle at just over $0.20.Meanwhile, the PI token continues to struggle at just over $0.20.

Pi Network (PI) Evolution: Is This Major New Step About to Begin?

2025/12/14 18:31

Pi Network has faced its fair share of criticism over the years, mostly due to countless delays upon its long-anticipated launch that finally occurred in early 2025, and for its controversial KYC procedures.

Now, though, both of these issues seem behind it. The launch was successful in February, while the team has integrated numerous updates to the verification system, which has simplified the process, and millions of users have passed the KYC procedure. As such, one of the news pages dedicated to covering PI developments outlined what might be the next logical step in the ecosystem’s evolution.

Utility Apps Next?

Utility applications, just like the name suggests, are meant to make people’s lives easier by solving real-life problems. Pi Network’s current path indeed seems to be heading down that road, which is evident from the recently-concluded hackathon.

As reported earlier this week, the team outlined the three winners and five honorable mentions, and the trend appears clear. The winner was Blind_Lounge – a privacy-first social and dating platform allowing people to connect anonymously and reveal identities only by mutual choice. In other words, it’s a utility app for dating. Interestingly, one of the honorable mentions (Kindrek) is a similar platform.

The second place went to Starmax – a loyalty program app enabling Pioneers to spend the native token at participating businesses and earn rewards for their engagement.

Another rep of the honorable mentions – Workflet for Pi – also falls into the utility category, as it serves as a platform built around role-based workspaces for productivity and collaboration.

PallyPay and SimpleJoy have utility functions as well. The former is a group payment and bill-splitting app for everyday transactions like meals and trips, while the latter offers a curated library of full open-source, browser-based games that are free to play and easy to access.

PI Price Update

Despite the most recent developments within the Pi Network ecosystem, which included the integration of additional AI tools as well as some partnerships, the protocol’s native token has lost its October/November momentum. At the time, it stood close to $0.30 but it has dumped by nearly 50% since then and now struggles to remain above $0.20.

It’s worth noting that its all-time low is at $0.172, which means that PI is not far from charting another one soon. ChatGPT believes there’s such a possibility in the week ahead, especially if it loses the $0.18-$0.19 support.

The post Pi Network (PI) Evolution: Is This Major New Step About to Begin? appeared first on CryptoPotato.

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U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14