- GM, No Fomo
- Posts
- 🗿 Solana Goes Down For Hours
🗿 Solana Goes Down For Hours
Solana crashed this morning and AI-enabled Fake IDs are passing KYC tests.
GM. 30 years and trillions of dollars later, Wall Street is finally ditching China. Their latest bet? India.
This kinda feels like a hopeful father who grooms his son to be a G for 18 years, but the son becomes a know-it-all brat, so the dad divorces his mom, remarries a woman 15 years younger, has another son, and invests all his time in the new son as a form of redemption.
Anyway, Solana crashed this morning and AI-enabled Fake IDs are passing KYC tests.
Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.
Today’s Specials:
No FOMO News 📰 : AI-Fake IDs Can Pass KYC 😅
No FOMO 🗿: Solana Is Down 📉
AI Intel 🤖 : Ancient Scroll Deciphered by AI 📜
Well Known No-Names 📇 : How Can We Even Forecast Weather? 🌧️
No FOMO News 📰
AI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15 (Cointelegraph)
now that ID based KYC and video verification calls are totally worthless we have the chance to regress to preindustrial ways of doing business. a firm handshake and direct eye contact. technology was a mistake
— nic 🌠 carter (@nic__carter)
2:19 PM • Feb 6, 2024
Gemini says crypto lender Genesis moves to sell Grayscale Bitcoin Trust assets: (CNBC)
Wall Street Snubs China for India in a Historic Markets Shift (Bloomberg)
Micropayments startup Code raises $6.5 million (Axios)
Hacked crypto funds falls 98% YoY to $1.9 billion as US leads attacks: Report (CryptoSlate)
MetaMask Deal With Robinhood Broadens Crypto Access (CoinDesk)
Stay up-to-date with AI.
The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news, tools, and tutorials.
Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.
Solana Went Down For 5 Hours This Morning
Solana hit a near 5-hour downtime Tuesday morning. The token dropped as low as $93.32 then quickly rebounded.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/adf0e699-c5f6-45f9-8fa4-2a90d40113e6/Firefly_robots_running_around_franticly_because_their_computer_is_on_fire_69580.jpg?t=1707244114)
In April 2023, Solana was down for two days … so it’s seen darker days
According to the Solana Foundation the bug came as a result of a new validator software release
It’s one thing if a plug-in app like Phantom Wallet has access issues. It’s like Wells Fargo’s online banking experiencing some downtime.
But if Wells Fargo the bank started glitching and going down for hours, the entire bank would crumble.
Maybe it’s an indication of the resiliency of blockchain, given Solana’s price rebounded very quickly. Or it’s a fair warning that it’s not a reliable store of value. Time will tell, as they say.
TLDR; Solana crashed again and its price rebounded quickly.
AI Intel 🤖
Ancient Herculaneum scroll piece revealed by AI – here's what it says (NewScientist)
Palantir forecasts strong 2024 profit on robust AI demand, shares jump (YahooFinance)
UK to spend $125m on AI hubs, regulation (Aljazeera)
Meta will label AI-generated images on Instagram and Facebook (ABC)
The Tech Jobs That AI Will Not Disrupt (Cyber)
Well Known No-Names 📇
With an “atmospheric river” storm brutalizing the west coast, we thought we’d look into how we can even accurately predict weather.
Meet Joseph Henry, the father of weather forecasting
Every single one of our readers, and maybe every person alive today, has seen a weather forecast. But how?
We’ll save you the time of the full story, and just give you some key details:
Joseph Henry was the Smithsonian’s first director
He started in the mid 1800s by deploying a network of 600 volunteers to report back weather from different locations
Joseph Henry created the first weather map showing weather across the entire US
Henry’s visions of monitoring weather on a large scale and developing a science of weather have been realized in the sophisticated forecasting system we have today
Of course, today we have much more advanced technology tracking the weather, but essentially the system is the same – weather can be predicted by observing patterns and directions of weather systems.
Next time you open the weather app on your phone, tip your cap to Joseph Henry.
Mining for Memes ⛏️
Solana headquarters rn
— NFT POWER RANKINGS (@nftpowerranking)
10:30 AM • Feb 6, 2024
Referral Contest - Win a Free NFT!
Refer a friend, win free NFTs like Azuki, Sappy Seals, Dippies, and more.
How it works:
One referral = one ticket to win our monthly NFT giveaway.
At the end of the month, we’ll do a raffle and one of our readers will be given a free NFT. The more friends you refer, the better chance you’ll have to win.
If you don’t win, we’ll roll your referral points over from the previous month so your efforts never go to waste.
No catch, no nonsense. Just refer, and win!
Want to Advertise with Us?
This is NOFOMO, the newsletter keeping you up-to-date on all things emerging tech — from AI to Blockchain to Virtual Reality.
Advertise with No FOMO to reach a real, engaged community - our open rate is over 30%.
Our discerning readers are always looking for the latest tools and products in the industry. Connect with the right people and make a difference in tech.
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.
Reply