🚨 BREAKING : This guy called Pi Network a "scam worse than memecoins," but I checked-he’s NOT on the speaker list for Consensus 2025, the world’s top crypto event! 😱 Meanwhile, Pi Network’s founder, @nkokkalis is a keynote speaker, sharing the stage with Eric Trump & Robert Hines. And the plot thickens: Pi Network is a major sponsor, partnering with CoinDesk to make Consensus 2025 🔥! Who’s the real winner here? 💪 😂😂😂 #PiNetwork #Consensus2025 #CryptoDrama #Blockchain #Web3 @PiCoreTeam @CoinDesk @Consensus2025

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Nigeria recognizes cryptocurrencies as capital assets according to new market regulations Nigeria's new laws of stock market have begun declaring online currency such as Bitcoin as capital assets. This legislative change will help increase transparency and attract investments in internet finances. President Bola Ahmed Tinubu has signed a new Investment and Security Act (ISA) by 2024, which cancels the old law established in 2007 (ISA No. 29). The new law says all digital assets and related capital agreements will be considered as capital assets. It has also enabled SEC to control digital asset providers (VASPs), digital asset managers (DAOPs), and digital asset markets. This means that any company dealing with digital assets must register with the SEC and follow its regulations. This step is crucial to eliminating scam services in the digital world, and boosting trust in blockchain innovations. Director of SEC, Emomotimi Agama, praised the move, saying it would lead to increase in capital investments in digital assets. Previously, Nigeria has started reacting with panic since internet currency started getting collected in 2015, after the fall of raw oil and Naira value. Bitcoin and other internet currencies have become a refuge for many Nigerians, making Nigeria second in the world to hold internet currency, after America. But the demand for internet finance has increased the number of Naira exchange and other fees. As a result, the Bank of Nigeria (CBN) has ordered banks to close all accounts related to internet currency. Customers then return to business secretly, using direct transaction (P2P). Binance, one of the world's largest currency marketing companies, has changed its trends early, offering P2P services to Nigerian users. President Tinubu as president ascends to power in mid 2023, he appointed Olayemi Cardoso as CBN governor, and the government has begun to slow down its position on internet currency, an indication that Nigeria is planning to change its way into digital affairs.

*JP Morgan* has been actively involved in the development and exploration of *stablecoins and cryptocurrencies.* The bank has been testing blockchain payments and is eyeing stablecoins, particularly those with federal insurance clarity. JP Morgan views stablecoins as a scalable alternative to cryptocurrencies, designed to minimize price fluctuations. The bank has also recognized the potential of stablecoins in driving institutional investment into the cryptocurrency market. In terms of specific initiatives, JP Morgan has been working on deposit tokens, which are digital assets on a blockchain pegged to a paper currency and backed by high-quality liquid assets. *The bank has also been exploring the use of blockchain technology for cross-border payments and other financial transactions.* Overall, JP Morgan's relationship with stablecoins and cryptocurrencies is one of exploration and innovation, as the bank seeks to leverage these technologies to improve financial services and stay ahead of the curve in the rapidly evolving fintech landscape.

🇳🇬 *President Tinubu the Nigerian Blockchain/Crypto Messiah?* Africa's largest crypto community blows hot on PBAT. https://thenationonlineng.net/president-bola-ahmed-tinubu-are-you-the-crypto-messiah-nigeria-has-been-waiting-for-or-should-we-wait-for-another/

🇺🇸Latest: The U.S. Congress' opening priority for the crypto industry *is to quickly finish a STABLECOIN oversight bill, and the House of Representatives has released the text of its version on Wednesday,* following in the heels of a recent committee approval of its Senate counterpart. Updated: March 27, 2025 https://www.coindesk.com/policy/2025/03/26/u-s-house-stablecoin-bill-goes-live-in-flurry-of-crypto-activity-on-capitol-hill *.......many lawmakers involved in crypto efforts on Capitol Hill all appeared on Wednesday at the DC Blockchain Summit.* *.......the Senate and House have both previously passed the resolution, The vote passed, with 70 Senators voting in support and 28 voting against. The previous Senate vote passed 70-27.* The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto Internal Revenue Service's efforts. Emmer, Steil and many other lawmakers involved in crypto efforts on Capitol Hill all appeared on Wednesday at the DC Blockchain Summit, a crypto policy event hosted by the Digital Chamber. Most of them shared hopes that the stablecoin effort would be completed by August. As the conference wrapped up, the Senate prepared to vote for a second time on a Congressional Review Act resolution overturning the IRS' 2024 regulation governing decentralized finance (DeFi) brokers, *aimed at overturning the Internal Revenue Service's (IRS) reporting requirements for decentralized finance (DeFi) platforms.* This legislation would exempt DeFi protocols from the obligation to report user information in the same manner as traditional brokers. Previously, the IRS mandated that DeFi brokers report the total proceeds from digital asset sales and provide customers with Form 1099, which includes collecting user transaction details such as names and addresses. *This move by the Senate seeks to alleviate the reporting burden on DeFi platforms, aligning them differently from conventional brokerage firms. The Senate and House have both previously passed the resolution, which U.S. President Donald Trump is expected to sign, but the Senate needed vote on it again due to a procedural rule requiring the House to vote first on tax-related issues.* *The vote passed, with 70 Senators voting in support and 28 voting against. The previous Senate vote passed 70-27.* In a statement, DeFi Education Fund Executive Director and Chief Legal Officer Amanda Tuminelli said the group "commends the bipartisan supermajority of Congressional leaders who voted in favor of the “DeFi Broker” CRA resolution, recognizing the severe and far-reaching consequences of the IRS’ misguided rulemaking." *The US Senate is preparing to hold a final vote today March 27 to nullify the Internal Revenue Service's (IRS) broker reporting rule for DeFi.* *Some of the above news updates were also gathered from Binance and Cryptoslate websites.*

*Quidax has indeed listed the compliant Nigerian naira (cNGN) stablecoin on its platform. This listing occurred on March 12, 2025, following a similar move by Busha, another provisionally licensed exchange.* The cNGN stablecoin is actually issued by a consortium of Nigerian banks and fintech companies. cNGN Stablecoin can be swapped to WBNB, Binance Coin. *With this listing, users can now send, receive, and trade the cNGN Stablecoin with WBNB cryptocurrency and exchange it into a bank directly.* WBNB stands for Wrapped Binance Coin. It's a wrapped version of the Binance Coin (BNB) that's pegged 1:1 to the original BNB token on the Binance Blockchain. *Here are some notable blockchains that can work with Binance Smart Chain (BSC):* 1. Ethereum (ETH) 2. Binance Chain (BNB) 3. Cosmos (ATOM) 4. Polkadot (DOT) 5. Solana (SOL) 6. Polygon (MATIC) 7. Avalanche (AVAX) 8. Fantom (FTM) 9. Harmony (ONE) 10. OKC (OKT) Additionally, Binance Smart Chain supports cross-chain bridges, enabling interoperability with other blockchains, such as - Bitcoin (BTC) - Litecoin (LTC) - Dogecoin (DOGE) These bridges allow for seamless transfers of assets between different blockchain networks. *🌏Blockchain and cryptocurrency are becoming a must for every home*

*Quidax has indeed listed the compliant Nigerian naira (cNGN) stablecoin on its platform. This listing occurred on March 12, 2025, following a similar move by Busha, another provisionally licensed exchange.* The cNGN stablecoin is actually issued by a consortium of Nigerian banks and fintech companies. cNGN Stablecoin can be swapped to WBNB, Binance Coin. *With this listing, users can now send, receive, and trade the cNGN Stablecoin with WBNB cryptocurrency and exchange it into a bank directly.* WBNB stands for Wrapped Binance Coin. It's a wrapped version of the Binance Coin (BNB) that's pegged 1:1 to the original BNB token on the Binance Blockchain. *Here are some notable blockchains that can work with Binance Smart Chain (BSC):* 1. Ethereum (ETH) 2. Binance Chain (BNB) 3. Cosmos (ATOM) 4. Polkadot (DOT) 5. Solana (SOL) 6. Polygon (MATIC) 7. Avalanche (AVAX) 8. Fantom (FTM) 9. Harmony (ONE) 10. OKC (OKT) Additionally, Binance Smart Chain supports cross-chain bridges, enabling interoperability with other blockchains, such as - Bitcoin (BTC) - Litecoin (LTC) - Dogecoin (DOGE) These bridges allow for seamless transfers of assets between different blockchain networks. *🌏Blockchain and cryptocurrency are becoming a must for every home*

RUBI's team have announced that they will launch in 2025!!! Don't miss this project for any reason. It's already sold on the P2P market. Just like Pi before it was listed. *THINGS YOU SHOULD KNOW ABOUT RUBI:* 👉Only 100 million Rubi tokens will ever exist. 👉Less than 12 million Rubi tokens have been mined and available Onchain for the past 3 years. 👉Rubi is a Layer1 Blockchain native coin 👉Team has no allocation, all Rubi allocation has to be mined including team's allocation. 👉Only 1,000 referral is allowed per person. So Hurry, Download RUBI APP on PlayStore & Register: https://rubi.click/join/MATERBITE GET BONUS BY USING THE INVITATION CODE: 👇 MATERBITE

*THINGS YOU SHOULD KNOW ABOUT Pi OPEN MAINNET* PiNetwork has not fully opened Mainnet. For now, Pi Network Mainnet is only open 1/10. We Haven't Seen All These Yet 1️⃣ we haven't seen the $Pi contract address (There's no way a crypto Blockchain will open mainnet without having a "contract address") 2️⃣ we haven't seen any adjustments to $pi gas fees (According to Nicolas kokkalis, $pi transaction fees can be adjusted to Pi microns e.g. 0.0000001π ). So currently, $pi transaction fees are still the same as on the closed mainnet. 3️⃣ we haven't seen any changes to the Pi Wallet (According to Nicolas, Pi wallet will be able to store other cryptos like BTC, Eth, Solana, etc., and other meme coins) However, we haven't seen any of this yet. 4️⃣ As of now, according to some app developers on Pi, there is no way to connect to the open Mainnet. According to them, the closed mainnet firewall is still there and Coreteam is only opening the network to exchanges for now and not to everyone. 5️⃣ We will see 100 Dapps (According to Pi's roadmap, the core team said they will deploy the top 100 Dapps on the Open Mainnet). We are yet to see this too 6️⃣ There are more than 20 categories of companies such as, CEX, DEX E-commerce, anchor, influencer, AMM, crypto marketing, bridge, Blockchain (layer 1), MM, merchants/shops, professional services, Pi Network ad advertisers, stablecoins, web2 apps, Web3 apps, wallets (Web3 wallets), wallets (custodial wallets), on/off ramps, etc. to be deployed. Only 1 of the core team's list in the partner post with Pi has been implemented which is CEX (Centralized Exchanges). The rest are not yet connected. 7️⃣ We haven't seen $pi integrated into native mobile wallets 8️⃣• We haven't seen SWAP in Pi wallets 9️⃣ We haven't seen bridges in Pi wallets. 🔟 Mining Rate will decrease daily or weekly (According to Pi V:2 Whitepaper, on Mainnet, the mining rate ⛏️ will decrease daily or weekly). We haven't seen this too. NOTE: Until all the above promised features are implemented on the Pi ecosystem, Open Mainnet cannot be said to have happened...And they can't be implemented all at once. So, take a chill and watch the Pi Network evolve with the GCV of $314,159 to 1 Pi.

*How Nigeria and developing countries can leverage cryptonomics* The Nation Newspaper March 17, 2025 https://thenationonlineng.net/how-nigeria-and-developing-countries-can-leverage-cryptonomics/ In an age where financial systems *ARE RAPIDLY EVOLVING,* developing countries like Nigeria find themselves at a critical crossroads. *Burdened by crippling national debts,* stagnating economic growth, and inflationary pressures, these nations are increasingly looking for innovative solutions to break the cycle of dependency and rebuild their economies. *By harnessing the transformative power of decentralized finance (DeFi), blockchain technology, and digital currencies, developing nations can SHIFT FROM TRADITIONAL, DEBT-LADEN GROWTH models to one that is sustainable, transparent, and inclusive.

Blockchain technology is the game changer💯