⛏️ Solo Miner earns $170,000 From a 1 in 489000 Chance!

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🔥 What's hot today 🔥

🎭 AI Deepfakes are Improving at Cheating KYC Verification: Binance exec

⛏️ Solo Miner earns $170,000 From a 1 in 489000 Chance!

🔑 Ledger Pauses Key Recovery Service, Shifts to Open-Source Amid Criticism

🥈 The Bitcoin Network Secures the 2nd Spot in NFT Sales

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🎭 AI Deepfakes are Improving at Cheating KYC Verification: Binance exec

Advanced AI deepfake technologies are posing new challenges for Know-Your-Customer (KYC) verification protocols, warns Binance's Chief Security Officer. Fraudsters are using these tools to forge videos capable of bypassing customer verifications. The technology has advanced to a level where deepfakes can even respond to live instructions such as blinking or head movements in real-time.

Don’t believe it? Take a look at this deep fake of cz_binance

⛏️ Solo Miner earns $170,000 From a 1 in 489000 Chance!

In a stunning stroke of luck, a solo miner with a processing power of 750 TH/s successfully mined a block of Bitcoin, netting a hefty reward of 6.25 BTC or about $170,000. The total hashing speed in the Bitcoin network was 367.07 EH/s, meaning this fortunate miner only had a 1 in 489K chance to find a block 😲. Even after paying a 2% commission to the solo-mining pool, Skrool, and receiving a transaction fee, this 'crypto-lottery' win is a stark reminder of the rare but substantial rewards in Bitcoin mining. Just bear in mind - this could happen once every nine years on average, and the difficulty of mining Bitcoin is only increasing!

For the rest of us, here’s a meme to have fun.

🔑 Ledger Pauses Key Recovery Service, Shifts to Open-Source Amid Criticism

Following a wave of community backlash, hardware wallet company Ledger is hitting the pause button ⏸️ on the launch of their key recovery service, Ledger Recover. CEO Pascal Gauthier admitted to miscommunication around the product launch, calling the past week a “humbling experience” 🙇‍♂️. Responding to the criticism, Ledger plans to expedite its move towards open-source, starting with the core components of its operating system and Ledger Recover. The firm aims to clarify the principles and process of the Recover protocol, easing concerns over potential “backdoors” in the service

🥈 The Bitcoin Network Secures the 2nd Spot in NFT Sales

Bitcoin is quickly becoming an NFT superstar, securing its place as the second largest NFT chain, only trailing behind Ethereum. CryptoSlam stats show that Bitcoin's NFT sales volume in the past 30 days stands at $171 million, thanks largely to the game-changing Ordinals Protocol. Despite Ethereum still leading the pack with $391.8 million in NFT sales, Bitcoin has surged ahead of competitors like Solana, Polygon, and BNB Chain. The Ordinals Protocol allows for the inscription of rich data onto satoshis (Bitcoin's smallest unit) and has fostered the creation and growth of BRC-20 tokens on the Bitcoin network.

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💡 What are Bitcoin Stamps?

Bitcoin Stamps bear similarities to ERC-1155 semi-fungible tokens or digital collectibles, but they're stored on Bitcoin's unspent transaction outputs (UTXOs) - records of unused Bitcoin following transactions between two addresses - instead of in the witness data like Ordinals.

Bitcoin Stamps 🆚 Ordinals

Bitcoin Stamps are more expensive to mint compared to Ordinals but offer less user friction and feature-rich capabilities. They're stored differently on the blockchain compared to Ordinals, affecting their degree of immutability. Despite some drawbacks, Bitcoin Stamps are growing faster than Ordinals, likely because they allow for more flexible minting of larger quantities.