Ah, Pi Network, always keeping us on our toes! They’ve just given a wink and a nod to BANXA under their Know Your Business framework. Lovely! This means Pi has a *proper* global reach now. Who wouldn’t want to buy Pi directly with cash in over 100 countries? Why bother with cryptocurrency hassles when you can just walk up to BANXA and hand over your notes?
Dr. Altcoin, the ever-pompous crypto oracle, declared this “game-changing” on May 2. No, really. A game-changer. As if the markets hadn’t been craving some excitement. For now, it’s all about buying Pi with cash — no more cumbersome crypto hurdles. Let’s all hold our breath for that. 🎉
BANXA is now KYB approved!
What does this mean for the Pi Community and beyond?
It means people in over 100 countries can now instantly buy Pi with cash through BANXA. This is a game-changer for accessibility and global adoption.
BitMart, HTX, and others are also expected to…
— Dr Altcoin (@Dr_Picoin) May 2, 2025
But wait! There’s more! Users involved in peer-to-peer transactions will now have to jump through a few hoops — KYC checks, non-custodial wallets, and of course, more regulations to keep everything neat and tidy. Safety first, fraud second, and don’t forget to comply with the “rules” while we’re at it. 📜
According to our favorite crypto whisperer, Dr. Altcoin (you know, the one who seems to know everything), exchanges like BitMart and HTX will soon join the KYB party. How delightful. We’ll surely hear more about this during Consensus 2025, where Pi’s ‘regulatory-first’ strategy might just make them stand out in a world full of competitors. I’m sure everyone’s waiting with bated breath. 😏
Now, despite all this positive news, Pi’s price has decided to stay as flat as a pancake. The PI/USDT pair is clinging to dear life just above the $0.58 support. Momentum? Well, let’s just say it’s more of a gentle breeze than a roaring wind. Below all the important moving averages, the sellers are still in charge. What a shocker! 📉
The relative strength index is a bit like a wallflower at the party, hovering around 40. Bulls? Sorry, they didn’t RSVP. But don’t worry, it’s not yet oversold — just waiting for someone to make the first move. The moving average convergence divergence is as weak as a cup of tea without sugar, not giving us any hope for a bullish crossover. 🤦♂️
No strong volume, and the average directional index is below 10, which can only mean one thing: a trend so weak it might as well not exist. The market is in limbo, waiting for some exciting news to stir the pot. As long as Pi stays below its 20-day average, expect more downward bias. Hold your applause, folks. 👏
But hey, if $0.58 manages to hold, and everyone gets all excited about Pi’s regulatory hustle, we might see a little bounce. A real reversal, however? Well, Pi would need to break through $0.60–$0.62 with some real muscle. Until then, traders may want to keep their wallets firmly zipped. 💼
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2025-05-05 07:40