Mindblown: a blog about philosophy.
The Anticipated Launch of Ethereum ETFs: A Price Appreciation Prediction
The launch of the first spot Ethereum ETFs in the United States is eagerly awaited, with experts predicting a substantial price appreciation for the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, as discussions between asset managers and regulators reach the final…
The Journey of Illuvium: A Deep Dive into the Open Beta
The Illuvium Open Beta has been creating waves of excitement in the gaming community, with its release scheduled for July 25, 2024, exclusively through the Epic Games Store on PC. The game, which has been in development since 2020, promises to deliver a unique experience by blending elements from multiple gaming genres. Despite facing challenges…
The Dynamics of Bitcoin Mining Mergers and Acquisitions
CleanSpark, one of the prominent players in the Bitcoin mining industry, recently made a significant move by acquiring GRIID Infrastructure in an all-stock deal valued at $155 million. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s mining operations, with an additional 400 MW expected in Tennessee over the next two years. The…
The Growing Influence of Crypto in Politics
Keisha Lance Bottoms, the future senior campaign adviser for Joe Biden, recently made headlines by emphasizing the nonpartisan nature of the crypto industry. According to Bottoms, crypto is not a political issue but rather a unifying force that has garnered bipartisan backing. She highlighted the growing interest in crypto and blockchain technologies among voters nationwide,…
The Misinterpretation of MEV in ESMA’s Proposed Regulations
Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). In a detailed response to ESMA’s third consultation package, the firm outlined potential negative impacts on both EU citizens and the broader crypto ecosystem stemming inadvertently from some of the proposed rules. ESMA…
The Fight for Transparency: Coinbase Sues SEC and FDIC
In a bold move, the leading cryptocurrency exchange in the United States, Coinbase, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for their failure to comply with information requests in closed crypto cases. The lawsuits, filed at the United States District Court for the District…
The Race Towards Spot Ethereum ETF Approval by the SEC
The latest news surrounding the US Securities and Exchange Commission (SEC) points towards a potential approval of spot Ethereum ETFs by July 4th. This news comes as discussions between asset managers and regulators are reaching their final stages, with big names such as BlackRock, Franklin Templeton, and Grayscale Investments at the forefront. These firms, having…
The State of US Spot Bitcoin ETFs: A Closer Look
The US spot Bitcoin ETFs have been showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum comes after a period of uncertainty in the market. It is essential to note that while there has been a resurgence in inflows, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported…
The Innovative Use of NFTs in Rural Japan
The village of Yamakoshi, located in the Niigata mountains of Japan, has taken a unique and creative approach to support its development and sustain its ageing population through the use of NFTs. The Neo-Yamakoshi Village project, initiated in 2021, has garnered significant interest with 1,700 “digital citizens” investing in Nishikigoi NFTs, resulting in over $423,000…
The Ripple Labs vs. SEC Legal Battle: Recent Developments and Analysis
In the ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC), one of the recent key developments is the SEC’s decision to lower its demand for a fine. Originally seeking a hefty $2 billion penalty, the Commission has now reduced its demand to $102.6 million. This significant reduction in…
The Need for Stricter Regulations in Nigeria’s Crypto Market
Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses, warning of enforcement actions against non-compliance. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs), aimed at aligning existing rules on digital assets issuance,…
The Settlement Between Abra and US State Regulators: A Critical Analysis
Abra and its CEO, William “Bill” Barhydt, have recently come to a settlement with 25 US state regulators for operating without the necessary licenses to offer crypto trading services. The settlement includes a waiver of monetary penalties, with a focus on customer repayments totaling $82 million. Additionally, Abra has agreed to cease accepting crypto allocations…
The Resilience of Cardano Network Against DDoS Attack
The recent distributed denial of service (DDoS) attack on the Cardano network served as a true test of its resilience. Despite the malicious attempt to disrupt its operations, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation. This display of strength and stability has garnered praise from bullish…
The Quiet Bitcoin Whales: An Analysis of BTC Accumulation Trends
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, with a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,…
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