Goodbye iris scans, hello palm recognition

GM. Today on Money Printer Go Brrr newsletter:

• Photo of Sam Bankman-Fried in jail comes out

• MetaMask integrates security alerts for transactions

• Goodbye iris scans, hello palm recognition: blockchain biometrics

• 4 things you should know

Top Crypto Gainers (24h)

Photo of Sam Bankman-Fried in jail comes out

From penthouse suites to prison stripes.

A leaked image of Sam Bankman-Fried in jail reveals a side of the crypto world that's decidedly less glamorous than lambos and private islands.

This guy was once the Harry Potter of crypto, but now it's more like he's in Azkaban.

💡 How did he get there?

• SBF was once the golden boy of crypto, flying high with his billion-dollar baby, FTX.

• then came the tweet heard 'round the world, sparking a digital bank run. Imagine a tweet so powerful, it makes billions vanish faster than you can say "crypto."

• amidst the chaos, it turned out FTX's financials were shakier than a Jenga tower in an earthquake.

• he was subsequently arrested and faced multiple charges related to the collapse of his company.

💡 What’s up with him now

• SBF is currently detained, awaiting the outcome of his legal proceedings.

• he faces numerous charges like fraud, money laundering, and conspiracy.

• recent developments indicate that prosecutors will not pursue a second trial against him.

From crypto's golden boy to the poster child for "What not to do," SBF's story is one wild ride – with a crash landing.

MetaMask integrates security alerts for transactions

MetaMask just got a cool upgrade with Blockaid's security alerts.

👉️ These security alerts act as an early warning system for any fishy transactions that might put your crypto at risk.

💭 What you need to know:

• the privacy aspect is key here; it means your transaction details aren't broadcasted to the world while you're being protected.

• Blockaid's role is essentially to pre-check your transactions for any signs of phishing or hacking attempts, acting as a preemptive strike against fraud.

• MetaMask is also dropping some wisdom on how to dodge those internet con artists, by displaying tips and tricks on how to protect yourself. ❤️ 

The recent surge in high-profile industry attacks, including the December Ledger Connect Kit incident compromising nearly 100 frontend dapps, underscores the risks faced by crypto users.

⇾ However, MetaMask's Blockaid security alerts proved their worth, safeguarding every opted-in user and preventing an estimated $1.15M in asset theft.

💁 Remember, in the wild west of crypto, staying informed and cautious is your best defense against the dark arts of scams and hacks.

Goodbye iris scans, hello palm recognition: blockchain biometrics

Do you all remember yesterday's newsletter about Worldcoin's mission to scan people's iris? 

It’s sooo yesterday… literally and figuratively.

Polygon, Animoca Brand, and Humanity Protocol are developing a groundbreaking technology for validating the Proof of Humanity consensus.

What’s better? the eyeball… or the palm… 💩 

💡 What does it mean essentially?

• a new way to prove you're a real person online without being nosy or complicated.

• this new method uses simple body features, like the lines on your palm, so you don't have to share private info.

• the goal is to keep everything open and under your control, just like owning something for real.

💡 Why are they doing this?

They think the current ways:

• to prove your identity are shit, like KYC with your ID or scan your eyeball 😂 

• are invasive and complex, whereas their method is a non-invasive biometric method 🤔 

Let’s see how the crypto world digest this.

Will this transform into a privacy issue or not…

4 things you should know:

• Stellar launches Smart Contracts
  

• Michael Saylor will never sell Bitcoin
  

• VanEck ETF jumps 14x
  

• Runestone is a meme coin airdropped to the community

Meme Of the Day