Mindblown: a blog about philosophy.
The Current State of ADA on Cardano: A Critical Analysis
The popularity of ADA, the native token of Cardano, surged during the 2020 to 2021 bull run, reaching an all-time high of $3 in August. However, the subsequent activation of smart contracts on the Cardano network following the Alonzo hard fork marked a turning point. Despite initial optimism, ADA has experienced a significant downtrend in…
The Future of Crypto in US Politics: Contrasting Party Platforms
The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s key priorities leading up to the next election. Surprisingly, the platform did not mention Bitcoin, crypto, or blockchain, focusing instead on issues such as housing affordability and climate change. Additionally, it emphasized the need for the wealthy and corporations to pay their…
The Impending Taxation of Nigeria’s Crypto Sector
The Nigerian Federal Inland Revenue Service (FIRS) is set to introduce new legislation aimed at taxing the rapidly growing crypto sector. This move comes as part of the government’s efforts to modernize the country’s regulatory framework and foster economic growth through innovation. According to FIRS Executive Chairman Zacch Adedeji, the proposed regulation seeks to address…
The Decline of Cardano in the Cryptocurrency Market
Cardano, once a prominent player in the top 10 cryptocurrencies, has now slipped out of that list, facing significant challenges along the way. One of the contributing factors to Cardano’s decline is its reliance on off-chain components, which undermine its decentralization efforts. This, coupled with low network activity compared to competitors like Ethereum and Solana,…
Crafting Your Path to Success in The Lost Glitches Card Game
The Lost Glitches introduces players to a futuristic setting within the dystopian Deep Sky Network, where they find themselves trapped as Glitches – spirits striving to reclaim their lost memories. The game’s engaging storyline paired with its depth delivers a captivating gaming experience that immerses players in a proto metaverse. To start on your journey,…
Analysis of the Financial Performance of Hut 8 Corp.
Hut 8 Corp, a prominent Bitcoin miner in North America, faced significant challenges in its financial performance for the second quarter ending June 30, 2024. Despite a substantial 72% year-over-year revenue increase to $35.2 million, the company reported a massive net loss of $71.9 million. The primary reason for this loss was a $71.8 million…
The Urgent Call for Decentralized Applications on the Cardano Blockchain
The Intersect organization, which oversees the development of the Cardano blockchain, has issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for the upcoming Chang Upgrade #1. This call to action comes after an announcement on August 17th, where Intersect revealed that more than 80% of stake pool operators…
The Mixed Performance of TeraWulf in Q2 2024
TeraWulf’s second-quarter earnings report for 2024 showed a decline in BTC production compared to the same period in 2023. The company mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, marking a 21% decrease from the previous year. Despite the decrease in BTC production, TeraWulf’s revenue for the quarter increased slightly, reaching $35.6…
The Significance of Norway’s Bitcoin Investments
Norway, a country in northern Europe with a population of nearly 5.5 million, has been making waves in the world of cryptocurrency. The government of Norway has made significant investments totaling around $1.7 trillion for its citizens, with a portion of that being allocated to Bitcoin stocks. In fact, Norway now indirectly owns 2,446 BTC…
The Dynamic World of Cryptocurrency Journalism: A Critical Analysis
Cryptocurrency journalism is a fast-paced and ever-evolving field that requires a deep understanding of complex technologies and market dynamics. Semilore Faleti is a prominent figure in this space, showcasing his expertise in journalism and content creation. His journey into the world of blockchain and cryptocurrency writing was not immediate, as he initially dabbled in various…
The Rise of North Korean Developers in Crypto Theft
Blockchain investigator ZachXBT recently uncovered a shocking revelation about North Korean developers who managed to steal $1.3 million from a project’s treasury. These devs, operating under false identities, injected malicious code into the system, enabling the unauthorized transfer of funds. The stolen money was first sent to a theft address and then moved from Solana…
Unveiling the Enigmatic HIM-buktu: A Journey into the Crypto Universe
Samuel Edyme, known in the digital realm as HIM-buktu, is a multifaceted individual with a diverse skill set. From being a web3 content writer to an aspiring trader, Edyme’s journey in the crypto space is both intriguing and enlightening. Despite facing setbacks early on, he persevered and used his experiences to carve a unique path…
The Battle of Bitcoin Predictions: Bearish Death Cross vs. Optimistic Price Forecast
The cryptocurrency market is known for its volatility and unpredictability, with analysts constantly providing contrasting opinions on the future price movements of cryptocurrencies like Bitcoin. Recently, two prominent crypto analysts, identified as ‘Mags’ and ‘Milkybull Crypto,’ have shared their divergent views on Bitcoin’s potential trajectory. While ‘Mags’ warns of a bearish death cross signaling short-term…
The Growing Acceptance of Cryptocurrency Payments in Employment Contracts in the UAE
In a recent landmark ruling by a United Arab Emirates court, cryptocurrencies have been officially recognized as a mode of salary payment in employment contracts. This decision marks a significant shift in how cryptocurrencies are viewed and utilized in the UAE job market. The case involved a plaintiff suing their former employer for wrongful termination…
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