Mindblown: a blog about philosophy.
The Rise and Fall of Montenegrin Prime Minister’s Investment in Terraform Labs
Recently, it was revealed that Montenegrin Prime Minister Milojko Spajić was an early investor in Terraform Labs. In April 2018, Spajić invested $75,000 in the company, acquiring 750,000 Luna tokens. This investment came during Terraform Labs’ initial fundraising phase, where Spajić was identified as the 16th investor. Unfortunately, Terraform Labs’ cryptocurrency project failed in 2022,…
The Inevitable Rise of Ethereum to $10,000: Crypto Analyst Tyler Durden’s Bullish Sentiment
In a recent social media post, renowned crypto analyst and trader Tyler Durden expressed his strong positive sentiment towards Ethereum (ETH). Durden confidently stated that the rise of ETH to $10,000 was not only imminent but also the most promising investment opportunity in the current crypto market. His bold prediction caught the attention of many…
The Volatility of XRP: Legal Battles and Investor Sentiment
XRP, the seventh-largest cryptocurrency by market cap, has experienced a recent uptrend in its price after surpassing $0.50. Despite a mild decline in the past 12 hours, XRP managed to erase its weekly losses, standing out as the only top cryptocurrency in the green during this period. Traders have been closely monitoring the ongoing legal…
The Legal Troubles of Binance Executives in Nigeria
A federal high court in Nigeria recently made a decision to dismiss a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The case was thrown out due to Anjarwalla’s lack of legal representation, which came after he fled Nigerian authority’s custody…
The Cryptic Confession of Martin Shkreli: Unraveling the DJT Token Scandal
In a shocking turn of events, ex-convict Martin Shkreli, infamous for his involvement in financial-related frauds, recently made headlines by claiming to be one of the creators of the new Donald Trump-themed token DJT. This revelation came amidst mounting questions regarding the legitimacy of the token and allegations of insider trading within the crypto community.…
The Current State of Bitcoin and the Cryptocurrency Ecosystem
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, has recently provided insights on the current state of Bitcoin, highlighting its performance in relation to macroeconomic factors. Despite the NASDAQ experiencing a significant surge, Bitcoin has shown relatively flat performance. This disparity raises questions about Bitcoin’s ability to keep up with traditional market…
Bitcoin Dominance: A Safe Haven in Turbulent Times
In the midst of the ongoing turbulence in the cryptocurrency market, investors are shifting their focus towards Bitcoin, which has long been considered the safest asset in the digital currency ecosystem. This shift has led to Bitcoin’s dominance reaching a nine-week high of 57%. While other cryptocurrencies are facing significant sell-offs, Bitcoin is standing out…
The Rise of Bitcoin NFTs in the Crypto Market
The Bitcoin network has proven its worth in the NFT industry by securing the third spot in all-time NFT sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have reached an impressive total sales volume of $4.29 billion as of June 18. This milestone has overtaken the previous record held by the Ronin blockchain,…
The SEC Closes Investigation into Ethereum 2.0
The SEC recently announced the closure of its investigation into Ethereum 2.0, determining that sales of ETH are not securities transactions. This decision comes after Consensys sought clarity following the May approvals of ETH ETFs, which classified ETH as a commodity. Consensys expressed their satisfaction with the outcome, stating that the SEC has notified them…
The Journey of Self-Discovery and Growth
Growing up in Edo State, Nigeria, with my three siblings has been a defining experience for me. My parents have always been my pillars of support, guiding me through the highs and lows of life. Their unwavering love and encouragement have been a source of strength for me, shaping my values and beliefs. Three years…
The US SEC Concerns and Circle’s Path to IPO
Circle, a fintech company that issues the stablecoin USDC, is facing regulatory hurdles from the US Securities and Exchange Commission (SEC) as it seeks to go public in a multi-billion dollar initial public offering (IPO). The SEC has expressed concerns about the classification of USDC and other stablecoins as securities under US law, which could…
The Crackdown on Foreign Crypto Exchanges in Brazil: What You Need to Know
Recently, Brazil’s Special Department of Federal Revenue announced that they will be intensifying their efforts to monitor foreign cryptocurrency exchanges. The goal is to ensure that these exchanges are adhering to local regulations and not engaging in any illegal activities. This move comes as a response to the growing popularity of cryptocurrencies in the country…
South Korea’s Financial Supervisory Service Clarifies Role in Crypto Regulation
Recently, South Korea’s Financial Supervisory Service (FSS) has come under scrutiny for its alleged involvement in the removal of digital assets from local cryptocurrency exchanges. Reports emerged claiming that the FSS had instructed exchanges like Upbit, Bithumb, and Gopax to evaluate various tokens on their platforms. This move was said to be in line with…
The Departure of SEC Official David Hirsh and the Ongoing Ripple Lawsuit
David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years in the Division of Enforcement. In a post on LinkedIn, he expressed his gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh emphasized the collaborative nature…
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