Mindblown: a blog about philosophy.
The Revolution of Bitcoin Layer 2 with Zero-Knowledge Proofs
The developers at BitcoinOS (BOS) recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement paves the way for a new era of possibilities, offering unlimited scalability and functionality for Bitcoin without the need for changes to its underlying consensus code. The final…
The Impact of Proposed Taxes on Bitcoin Mining in the United States
Recently, Senator Cynthia Lummis released a report that raised concerns regarding the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argued that this tax could have severe consequences for the growing Bitcoin mining industry in the United States. Lummis criticized the administration’s reasoning behind the tax, describing it as…
Crypto Exchange Bitstamp Returns Recovered Assets to Mt. Gox Creditors
Bitstamp has announced the commencement of the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development represents a significant milestone in the decade-long effort to reimburse those affected by the infamous 2014 hack that led to Mt. Gox’s collapse. Bitstamp, alongside Kraken and three other exchanges, is working…
Crypto Investors React to Mt. Gox Repayments
In the beginning of July, Mt. Gox, the now-defunct cryptocurrency exchange, began the process of repaying creditors who were affected by the infamous 2014 hacking incident. This move was long-awaited by those who had lost their funds in the hack, and it sparked a mix of curiosity and concern among the crypto community. Market Stability…
The Implications of Russia’s Recent Legislation on Bitcoin Mining and Crypto Use
Russia has recently made headlines with the passing of a bill legalizing Bitcoin mining and the use of cryptocurrency for international trade. This move marks a significant shift in the country’s approach to digital assets and currencies, with implications for both the domestic and international financial landscape. Regulatory Framework and Compliance The new legislation aims…
The Potential Impact of Ethereum ETFs on Price Action
The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking at how the effects could play out on Ethereum’s price action in the coming months. Renowned crypto analyst Doctor Profit has made a bold prediction. According to him, Ethereum’s value is…
Igloo, Inc. Secures $11 Million for New Ethereum Layer-2 Scaling Network
Igloo, Inc., the company behind the popular NFT brand Pudgy Penguins, recently announced the successful closure of over $11 million in funding. Founders Fund led the investment round, with other notable parties like Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital also participating. This funding will play a crucial role in the development of…
The Evolution of Solend to Save: A New Era in DeFi on Solana
Solend, a popular lending protocol built on Solana, has recently undergone a rebranding to Save and has relaunched its platform at save.finance. This strategic evolution goes beyond just a name change and aims to provide users with enhanced financial services, ranging from borrowing to trading. With three new innovative products introduced, Save is positioning itself…
The Future of Ethereum Price Action: A Deep Dive Analysis
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend. The breakout above the critical 100-day moving average at $3,354 led to a period of sideways fluctuation, with the price lacking clear direction. This phase confirms the breakout and suggests an equilibrium between buyers and sellers in the market.…
The Future of Shiba Inu (SHIB): A Critical Analysis
Shiba Inu (SHIB) has recently experienced a significant drop of 13% in the past week, leading many analysts to speculate on its future performance. The popular meme coin has been struggling, with its price plummeting according to CoinGecko’s data. Some industry experts have warned that this downward trend could continue in the short term, posing…
Analysis of Ethereum ETF Launch
The launch of Spot Ethereum ETFs in the United States marked a significant milestone in the world of cryptocurrency trading. However, the initial results were less than impressive for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a massive outflow of $484 million on the first day of trading.…
Revolutionizing Web3 Gaming: The Partnership Between Pluto Studio and Binance Labs
Pluto Studio, the GameFi publishing platform behind Catizen, has recently received a major investment from Binance Labs. This partnership is set to inject funds into the platform, enabling the development of new initiatives and solidifying Pluto Studio’s position as a leader in the Web3 gaming space. Catizen, a Telegram-based gaming bot developed by Pluto Studio,…
The Future of Gaming: Atari and Coinbase Partnership
Atari, a household name in the gaming industry, has always been at the forefront of innovation. In a bold move, Atari has entered into a partnership with Coinbase, a leading cryptocurrency exchange, to bring classic games such as Asteroids and Breakout into the world of blockchain technology. This partnership aims to reimagine these iconic games…
Challenges Faced by WazirX in Restoring its Operations Post-Exploit
Following a major exploit, India-based centralized exchange WazirX has been struggling to restore its full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the challenges they are facing and the efforts being made to find a solution. With nearly half of its assets lost in the exploit, WazirX is actively seeking…
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