Mindblown: a blog about philosophy.
The Lucrative Month of Bitcoin Mining in March
March proved to be a record-breaking month for the Bitcoin mining industry, with miners collectively earning over $2 billion for securing the leading cryptocurrency network. This figure far surpasses the earnings of the previous two months, with miners raking in an average of $65.23 million per day over the course of the month. Dependence on…
Revolutionizing the Metaverse: ALTAVA and Play TOZ Partnership
The collaboration between ALTAVA, a digital fashion powerhouse, and Play TOZ, the Web3 arm of WEMADE PLAY, seeks to revolutionize the TOZ Universe Metaverse community. By combining digital fashion with user engagement, this partnership aims to enhance the virtual world experience for users. ALTAVA’s innovative virtual fashion technology will be seamlessly integrated into the TOZ…
Analysis of Tether’s Bitcoin Purchase and Its Impact on the Market
The recent acquisition of 8,888 Bitcoin by Tether has raised eyebrows in the crypto community. Tether, as one of the largest stablecoin issuers, now holds nearly 75,400 BTC, positioning itself as one of the biggest Bitcoin holders in the industry. This move by Tether is not entirely surprising, considering the company’s earlier announcement of consistently…
The Impact of MAS Amendments on Crypto Industry in Singapore
The Monetary Authority of Singapore (MAS) has made significant changes to its Payments Service Act (PSA) in an effort to strengthen its jurisdiction and improve user protection within the cryptocurrency sector. These revisions reflect Singapore’s commitment to establishing itself as a cryptocurrency-friendly hub with regulatory frameworks that promote innovation while prioritizing investor safety. As a…
The Debate Over Ethereum (ETH) Classification
Coinbase CFO, Alesia Haas, recently shared her belief that Ethereum (ETH) should not be classified as a security. She emphasized that both the SEC and the CFTC have previously stated the same opinion. Haas highlighted the lack of regulatory clarity surrounding cryptocurrencies in the US as the root cause of the classification issue. She stressed…
The Rise of Crypto Hacks: A Concerning Trend
In March 2024, blockchain security firm PeckShield reported a surge in crypto hacks, with more than 30 incidents leading to approximately $187.29 million in losses. This wave of attacks has dealt a blow to the progress of the DeFi sector, causing concerns among investors and users alike. Despite the significant losses incurred, there is a…
The Impending Bitcoin Halving and Its Potential Impact on the Crypto Market
As the Bitcoin Halving event looms closer, with less than 2,900 blocks remaining before miners’ rewards are halved, the anticipation among the crypto community is palpable. Scheduled to occur around April, data from Coinwarz points to April 19 as the likely date for the Halving at Block 840,000. This significant event, built into the core…
Argentina Crypto Firms Face Tough New Regulations
The government of Argentina recently implemented strict regulations requiring all local crypto firms to register with a new regulatory body dedicated to the sector. Firms that fail to comply risk being prohibited from operating entirely, marking a significant shift towards stricter oversight in the crypto industry. On March 14, the nation’s senate passed legislation approving…
The Rise of Altcoins: Ethereum and Solana
As the Bitcoin Halving approaches, all eyes are on the flagship cryptocurrency, but crypto analysts like Jason Pizzino are making a strong case for altcoins such as Ethereum (ETH) and Solana (SOL). Pizzino suggests that Ethereum could potentially experience a breakout in the coming months based on his analysis of the ETH/BTC pair. While Bitcoin…
The Potential Breakout of Bitcoin: Analyzing Recent Performance
Cryptocurrency analyst Rekt Capital recently discussed the potential breakout of Bitcoin from a weekly range known as Black-Black. This range was established after Bitcoin experienced an 18% correction, with candle-bodied and upside-wicking peaks in 2021 defining the range. Rekt Capital suggested that reclaiming the $69,200 Range High could signal a breakout for Bitcoin, potentially ending…
The Partnership Between WAX and Amazon Web Services: A Game-Changer in Web3 Gaming
WAX has recently made headlines with its partnership with Amazon Web Services (AWS) to integrate its blockchain tools into the Amazon Managed Blockchain (AMB) service. This collaboration is set to revolutionize the development process for blockchain-based games and apps by providing developers with direct access to WAX’s Web3 networks through the AWS console. By allowing…
The Future of Nakamoto Games: A Look at Upcoming Releases
Nakamoto Games, a prominent Web3 gaming hub, has recently announced plans for three major releases in the near future. These releases are poised to mark a significant milestone in the company’s journey within the gaming industry. The first of these releases, GalacticGrail, is a AAA Collectible Card Game scheduled to launch on April 1st. Anticipated…
The Case for Delaying Approval of a Spot Ethereum ETF
Bitwise Asset Management, a prominent provider of cryptocurrency index funds, has made a bold move by urging the U.S. Securities and Exchange Commission (SEC) to postpone approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. The company’s Chief Investment Officer, Matt Hougan, explained in an interview with Forbes that the industry’s current obsession with…
Shiba Inu (SHIB) Token Burns Surge in March
In March, Shiba Inu (SHIB) saw a sharp increase in token burns, with billions of tokens being removed from circulation. The burn rate for the month totaled over 15.5 billion assets, marking a 2,300% increase compared to February. The most substantial burn took place on March 8, when nearly 14 billion SHIB tokens were sent…
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