Mindblown: a blog about philosophy.
The Decline of Cardano: A Critical Analysis
Cardano (ADA) has seen a recent rise after hitting a low point earlier this month but still remains significantly below its peak. However, external data indicates a concerning trend in developer interest and activity. The number of monthly developer commits has been decreasing, dropping from 3,380 in May to less than 2,000 this month. This…
The Recent Surge in Bitcoin and Altcoin Prices
The price of Bitcoin has been steadily climbing, reaching $66,000 for the first time in a month. After experiencing extreme volatility at the beginning of the month and dropping to a low of under $54,000 on July 5th, Bitcoin has managed to bounce back and recover more than ten thousand dollars. The cryptocurrency saw a…
The Fall of Craig Wright: A Case of Perjury and Forgery
Australian computer scientist Craig Wright’s assertion of being Bitcoin’s mysterious creator, Satoshi Nakamoto, has landed him in hot water. Recent developments in the COPA vs. Wright case have brought to light the possibility of Wright facing charges of perjury and document forgery. High Court Justice James Mellor has taken action by referring Wright’s deceptive behavior…
The Rise of Giga Chad Bat: A Web3 Clicker Game on Telegram
Delabs Games, a prominent South Korean game development company, has once again captured the attention of gaming enthusiasts with their latest creation – Giga Chad Bat. This clicker game, based on baseball, is now available on the popular messaging platform Telegram. Equipped with Web3 capability and designed to meet the latest standards, Giga Chad Bat…
The Rise of US Spot Bitcoin ETFs: Analysis and Predictions
The US spot Bitcoin ETFs have experienced a surge in popularity, with a daily net inflow of $301 million on July 15th. This marks the seventh consecutive day of inflows, highlighting the growing interest among investors in cryptocurrency ETFs. The data compiled by SoSoValue reveals that BlackRock’s IBIT led the way with a net inflow…
The Rising Tide of Crypto Lobbying Expenditures: A Deep Dive Analysis
The landscape of crypto lobbying expenditures has undergone a seismic shift over the past seven years, as highlighted by a recent study conducted by Social Capital Markets. The research reveals an eye-popping 1,386% surge in lobbying spend by crypto companies, skyrocketing from a modest $2.72 million in 2017 to a staggering $40.42 million in 2023.…
The DeFi Platform LI.FI Protocol Suffers $8 Million Exploit
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit resulting in over $8 million in funds being stolen. Cyvers Alerts brought attention to the issue after detecting suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI themselves confirmed the breach in a statement on July 16, urging users to avoid interacting…
The Arrival of Avatar Mode in the Axie Infinity Expansion Homeland
Axie Infinity, a popular blockchain-based game, has recently introduced an exciting new feature called Avatar Mode as a part of its expansion Homeland. This feature allows players who own an Axie NFT to become the avatar that navigates through a separate map within the game. This opens up a whole new world of possibilities for…
Bitcoin Price Fluctuations Amid Mt. Gox News
Bitcoin experienced a tumultuous period recently, with its price soaring to over $65,000 before plummeting following news regarding Mt. Gox. The volatile nature of the cryptocurrency market was evident as several altcoins, particularly meme coins, saw significant gains within a single day. After ending the previous week on a positive note with a price of…
The Potential Impact of Spot Ethereum ETFs on ETH Price
Ethereum (ETH) has seen a surge in price over the last 24 hours due to the anticipation of the launch of Spot Ethereum ETFs. According to Bloomberg analyst Eric Balchunas, these ETFs could start trading as early as July 23. The US Securities and Exchange Commission (SEC) has requested final S-1 filings from fund issuers…
The Influence of Coinbase, Ripple, and Andreessen Horowitz on Bipartisan Crypto Policies
Recently, there has been a significant development in the cryptocurrency industry, with leading companies like Coinbase, Ripple, and Andreessen Horowitz (a16z) planning to send representatives to the Republican National Convention (RNC) and the Democratic National Convention (DNC). This move is part of their strategy to lobby for policies that are favorable to the industry. The…
Analyzing the Resurgence of Dormant Bitcoin Wallets
In a recent development in the world of cryptocurrency, a dormant Bitcoin wallet containing 1,000 BTC was activated after over a decade of inactivity. This wallet, which received the stash in 2012, saw its value surge by a whopping 500,000% during the period of dormancy. The sudden movement of funds from this long inactive wallet…
Russia Proposes Allowing Traditional Exchanges to Handle Digital Asset Trading
Russia’s Ministry of Finance is considering new regulations that would allow traditional exchanges to facilitate digital asset trading for specific investors. This proposal marks a significant shift in the country’s approach to cryptocurrency and blockchain technology. The proposed regulations aim to establish special guidelines for organized trading in digital currency, treating it as a commodity.…
The Rise of Scroll in the Ethereum Layer 2 Network Landscape
In the fast-paced world of decentralized finance (DeFi), the Ethereum Layer 2 network Scroll has been making significant waves. Over the past seven days, Scroll has seen a remarkable 23% increase in Total Value Locked (TVL), reaching an impressive $1.03 billion, based on data from L2Beat. This surge has propelled Scroll to become the 8th…
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