Crypto News Today: A solo miner wins a $200k Bitcoin jackpot with a tiny hashrate. At the same time, WhiteBIT and other cryptocurrency companies are expanding their partnerships. More about this in today’s article.
Solo Miner Earns 3.27 BTC After Successfully Mining Block
On 29 August, another lone miner mined a Bitcoin block number 858,978 with a hardware hash rate of 456 PH/s, according to data from Bitcoin block researcher Mempool.space. The block contained 2,391 transactions, and the miner received a reward of 3.27 BTC (about $199,094 at the time).
According to reports, the block was processed by the Solo CK Pool, and it was a solo mining pool that was not similar to conventional pools. It is worth noting that the miner’s equipment capacity was about 456 PH/s. They also say that SoloCK mined 14 blocks last year, receiving 59.3 BTC, which at the time of writing is estimated at $3.5 million. The average hashrate of the network is currently 665 exashes per second (EH/s), which means that the miner who processed the transaction worked at a speed of about 0.012% of the average hashrate.
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WhiteBIT Partners with TOKEN2049 Singapore
WhiteBIT, one of Europe’s largest centralized crypto exchanges, has announced a partnership with TOKEN2049 Singapore, the leading event in the crypto industry. TOKEN2049 Singapore aims to be the largest Web3 event in the world with 20,000 attendees from over 150 countries, over 200 speakers, and more than 500 side events. It will be held on 18-19 September 2024 and brings together key players in the blockchain and cryptocurrency sectors from around the world.
At TOKEN2049, WhiteBIT will have a branded zone where existing and potential business partners and institutional investors will be able to meet with the company’s leaders and top managers to discuss the latest products and services. WhiteBIT will also present its affiliate program at TOKEN2049. The program provides new opportunities for cooperation and business development aimed at expanding WhiteBIT’s reach and engagement in the crypto community, including up to 60% of commissions for referral trading.
Volodymyr Nosov, CEO of WhiteBIT, expressed his thoughts on the partnership: “Collaborating with TOKEN2049 underscores our commitment to driving blockchain innovation forward. Industry leaders must come together at events like these to exchange ideas, gain inspiration from top experts, and work together on groundbreaking projects. We firmly believe that through collective expertise and joint efforts, we can accelerate market growth and integrate innovations into people’s lives worldwide.”
Footballer Kylian Mbappe’s X Account was Hacked to Promote Scam
On 29 August, French footballer Kylian Mbappe’s account on the social network X was hacked. Numerous reports indicate that the hacker used the footballer’s account to promote a fraudulent cryptocurrency token, promising to ‘double’ any tokens sent to a specific address. Thanks to this post, the market value of the so-called Kylian Mbappé token (MBAPPE) rose to $460 million and then fell to less than $100,000. The post was later deleted.
In the post, the attackers posted a contract for tokens on the Solana network. The asset itself was launched on the pump.fun platform. According to Lookonchain, one of the users invested 7156 SOL ($1.03 million) in this token. After the creators of MBAPPE conducted a rug pull, the price of the asset plummeted. The value of this trader’s token portfolio dropped to $9,200.
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Io.net Collaborates with FLock.io to Introduce PoAI
io.net started a collaboration with FLock.io, a decentralized AI training platform, to introduce Proof of AI (PoAI). According to reports, the new consensus mechanism aims to improve the integrity of the decentralized network. Essentially, this system uses artificial intelligence tasks to verify that all computers in the network are working properly, maintaining fairness and efficiency. The mechanism involves an engine that continuously provides tasks, collects responses, and provides statistics to make decisions in a decentralized and artificial way.
Milan Amin, chief marketing officer of io.net, said that PoAI will “enable decentralized networks to become more a trusted and scalable solution for AI applications.”
The PoAI mechanism is designed to ensure that DePIN participants provide computing resources, rather than simply simulate participation to receive a reward. Amin said the mechanism “ensures that honest contributors are fairly compensated” and that those seeking to benefit without actually contributing are ‘deterred’. According to him, PoAI ‘represents a significant leap forward’ in the development of decentralized AI systems. The implementation of the new consensus will allow the integrity of DePIN nodes to be justified in a ‘decentralized and AI-native way’ when making judgments of io.net nodes.
Polkadot Becomes Inter Miami’s Official Global Training Partner
The American professional football club Inter Miami CF and blockchain platform Polkadot have announced a large-scale partnership, under which the latter becomes the club’s global training partner.
As stated in the publication, the training uniforms of the Inter Miami CF first team will be decorated with the Polkadot logo, which will debut at the training session before the club’s away match on Saturday, 31 August, against the Chicago Fire. Additionally, all players and technical staff will wear Polkadot training shirts during official team training sessions at Inter Miami’s state-of-the-art Florida Blue training center, on the road, and during pre-match warm-ups. Polkadot will also have a ‘visible presence’ at Chase Stadium in Florida, USA, through LEDs and signage at the stadium.
Christy Hill, CLO and acting COO of Parity Technologies, Polkadot’s lead tech specialist, commented: “We’re thrilled the innovative Polkadot community is continuing its strong commitment to the future of entertainment with its sponsorship of Inter Miami. Knowing this team of global soccer superstars will soon wear the brand we love and support on their jerseys is beyond exciting.”
“Partnering with Polkadot as our Global Training Partner is a natural fit for Inter Miami. Our shared vision for innovation makes this a collaboration that will resonate with our fans worldwide,” said Euan Warren, Inter Miami Vice President of Partnerships.
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