Cryptocurrency price live – Pi Network allows users to mine crypto on phone as Bitcoin tumbles following China news

PI Network claims to be the first and only digital currency that you can mine on your phone as Bitcoin tumbles following China’s new regulations.

Through a complex computer programme, Pi Network instead uses a series of votes and exchanges of data to verify transactions, allowing users to mine the currency through the mobile app “without draining their phone battery”.

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.

Bitcoin and other cryptocurrencies continue to dip after China’s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.

Bitcoin feel by as much as 5.5% and Ethereum plunged by around 6% on Friday, according to Coinmarketcap.

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