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Deepfake Dangers: Michael Saylor Alerts Followers to Emerging Bitcoin Scams
MicroStrategy Chairman Michael Saylor warns of deepfake scams on YouTube, using AI to mimic him promoting Bitcoin giveaways. He stresses the need for vigilance and verification to protect against these sophisticated frauds.
Michael Saylor, the Chairman of MicroStrategy, recently warned his 3.2 million followers about the proliferation of deepfake videos on YouTube. These AI-generated videos falsely portray Saylor promoting Bitcoin scams, a growing trend that poses a significant threat to the cryptocurrency community. In a notable post on X (formerly Twitter), Saylor emphasized, “There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode”.
The use of artificial intelligence in creating deepfake videos has become a tool for fraudsters. These sophisticated scams show prominent figures like Saylor, urging viewers to scan a barcode and send Bitcoin, falsely promising to double their investment. Saylor's security team reportedly takes down about 80 fake AI-generated YouTube videos daily, yet scammers persistently create more. Read More
How to simplify crypto derivatives with mobile experience — Interview with Flipster
How Web3 companies can streamline onboarding using mobile devices and narrative-driven gaming experiences.
Crypto derivatives stand out in the financial landscape as they leverage market volatility for potentially higher returns, making them particularly appealing to a new generation of traders keen on exploring beyond the limits of traditional asset trading. Recognizing this need, Flipster, a crypto derivatives trading platform, aims to simplify the onboarding process, ensuring that these sophisticated trading instruments are accessible and understandable to newcomers venturing into a dynamic market.
In this interview, Ben Rogers, head of marketing at Flipster, shares insights into how Flipster meets the complex needs of today’s crypto traders and positions itself in the competitive world of crypto derivatives. Read More
Why Solana MMO ‘Star Atlas’ Is Hosting a 1,000-Player Online Stress Test
The upcoming test will showcase Star Atlas' high-density environments with human players instead of bots.
ATMTA, the company behind the anticipated space-faring, Solana-based video game Star Atlas, is planning a 1,000-player online stress test to be launched on private servers Wednesday. The focus of the upcoming test, the company says, is to showcase Star Atlas’ high-density, immersive environments to users.
“This is the first demonstration of our MetaGravity integration,” ATMTA co-founder and CEO Michael Wagner told Decrypt in an interview. “Our goal is a stress test with real players in a single lobby in a single server instance, up to 1,000 people.”
Players who have an access code for the Epic Games Store early access version of the game can participate on Wednesday. Star Atlas has been handing out additional codes to some people who interact with its official Twitter account. Read More
A new protocol elevates privacy and security in blockchain transactions
A new protocol offers a flexible approach to privacy in the crypto world, addressing the challenge of balancing privacy and simplicity.
Privacy has always been an ongoing concern in the crypto world, but Firo’s privacy protocol has found the solution by offering a flexible approach.
The inherent transparency of most blockchains, such as Bitcoin and Ethereum, allows all users to easily access the full transaction history of any address and track the movement of funds. This transparency has raised concerns that hinder adoption, as many individuals are reluctant to disclose their financial activities publicly. It also encourages problems such as miner extractable value (MEV), which exploits this transparency to manipulate and reorder transactions, ultimately imposing hidden costs on users.
Privacy protocols are essential for the mainstream adoption of Bitcoin by protecting user privacy. However, the integration of these protocols into major blockchains has been sluggish, primarily due to their complexity and heightened regulatory scrutiny, as evidenced by the delisting of privacy-focused cryptocurrencies from centralized exchanges (CEXs). Read More
Great news, Markethivers! The wallet is now installed on the Markethive platform. Markethive has kept its promise and delivered a complete working wallet. This mighty, robust, and secure wallet encompasses all aspects of facilitating your business and securing all your financials within Markethive, like earnings and payments, dividends paid from your ILPs, retail products, etc.
This is a significant step in the right direction for monetizing Markethive’s ecosystem as it endeavours to ensure and restore sovereignty and financial freedom increasingly being stripped from us by a global authoritarian regime. This article will illustrate what you need to know and do to access the now-operational wallet.
Understand that access and functions of the wallet are only for Entrepreneur One (E1) members at this stage. E1 members can now retrieve their Hivecoin (HVC) from their cold storage to their hot wallet. (You can do this in preparation for the forthcoming coin exchanges and your 3rd party self-custody wallet.) You can also transfer HVC to other members within Markethive via the wallet. Read More
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Samourai Wallet Unveils Privacy-Enhancing BTC to XMR Atomic Swaps in Beta Launch
According to the Samourai Wallet developers, the beta release of bitcoin/monero atomic swaps has been launched, marking an exciting development in privacy-preserving techniques. This new release of the desktop application streamlines the process of securely swapping bitcoin and monero via the Tor network.
Samourai Wallet Rolls out Beta Bitcoin<->Monero Atomic Swaps
The much-anticipated BTC<->XMR atomic swaps platform has finally arrived, with the lead developer of Samourai Wallet and the programmer known as Pokkst unveiling its beta version. “Samourai Swaps beta is now ‘live’,” announced the wallet’s chief engineer on Tuesday. Back on August 14, 2023, Bitcoin.com News had previously reported on this new privacy-enhancing feature when the company introduced it.
The software developer, Pokkst, a driving force behind this endeavor, also highlighted the beta launch on the social media platform X. “Welcome to the Samourai Atomic Swaps Public Beta,” Pokkst posted on X. “This desktop application makes it very easy to trustlessly swap BTC<->XMR, completely over Tor. In public beta, expect some bugs, and a ‘dev UI.’ The actual UI is still in development.” Read More
9 out of 10 multichain devs work on an EVM chain — Electric Capital
Ethereum Virtual Machine-compatible chains remain the network of choice for crypto developers, with 87% of all active multichain developers working on at least one EVM network, according to new data.
Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with nearly nine out of 10 multichain developers working on at least one EVM-compatible chain, according to a developer report from Electric Capital.
In the expansive Jan. 17 report that looked at crypto development activity over the last year, Electric Capital shed fresh light on total developer activity for the fourth quarter of 2023.
The report found that “unsurprisingly,” EVM-compatible chains shared most of their developers with other EVM networks. In total, 87% of multichain developers worked on EVM-compatible chains, with Starket, Polygon, Optimism and Arbitrum seeing the most crossover. Read More
Algorand shaves block times by 20% after Dynamic Lambda upgrade
Layer-1 blockchain Algorand recently went live with its Dynamic Lambda or “dynamic round times” update, which touts higher throughput and increased network performance.
Block creation times on the layer-1 blockchain Algorand have been cut by roughly 20% after a newly implemented protocol update, with average block times now averaging below three seconds.
In a Jan. 17 post on X (formerly Twitter), the Algorand Foundation announced that the Dynamic Lambda, or dynamic round times, update had gone live, touting higher throughput and increased network performance.
Block time data from Grafana shows the average block interval time dropped below three seconds and has hovered around 2.9 seconds per block since the update. In comparison, Ethereum block times average around 12 seconds. Read More
Unstoppable Domains launches badge-gated group chat feature for username holders
The Unstoppable Domains app now allows messaging within groups instead of just between individuals, and badges can be used to automate membership.
The feature allows username owners to form group chats that are badge-gated, meaning that only wallet accounts with particular characteristics are allowed to participate in the chat. The feature was created using Web3 communication system Push Protocol.
Unstoppable Domains is a Web3 username protocol that allows wallet holders to register human-readable names that can stand for a particular wallet account. The team claims this can potentially help prevent other users from needing to cut and paste long strings of characters when interacting with an account. Web3 usernames are also sometimes called “Web3 domain names.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
