Mindblown: a blog about philosophy.
The Brutal Plunge of Bitcoin and Cryptocurrencies
The once skyrocketing price of Bitcoin has taken a dramatic nosedive, losing a hefty ten thousand dollars since its peak last Thursday when it reached close to $74,000. This sharp decline has impacted the entire cryptocurrency market, with alternative coins also bleeding out heavily. The total crypto market cap has plummeted to under $2.5 trillion,…
The Impact of Unusual Bitcoin Activity on Crypto Markets
Recently, BitMEX, a popular cryptocurrency exchange, launched an investigation into an abnormal incident involving a user selling large orders on its Bitcoin spot market. The rogue seller managed to unload over 400 BTC on the platform, causing the price of Bitcoin to plummet by 87% to as low as $8900 before stabilizing. The drastic drop…
Exploring the Current NFT Market Trends
The latest buzz in the world of NFTs revolves around NodeMonkes, Bitcoin’s premier NFT collection, which has seen a remarkable surge of over 50% in the past 24 hours. This surge has propelled NodeMonkes ahead of the iconic Bored Ape Yacht Club (BAYC) in terms of market capitalization. The floor price of NodeMonkes spiked by…
Exploring Colony: A Revolutionary AI-Powered Crypto Game on Solana Blockchain
Colony, developed by Parallel Studios, is a groundbreaking survival simulation crypto game that combines AI technology with the Solana blockchain. Set apart by its innovative concept and advanced features, Colony has been making waves in the gaming community. The game’s white paper, released on March 14th, reveals its mission to revolutionize the use of AI…
The Impact of the Dogwifhat Meme NFT Sale
The recent sale of the Dogwifhat meme NFT on the Ethereum blockchain has made headlines in the digital art world. With a jaw-dropping price tag of $4.3 million worth of ETH, this sale has set a new record for the most expensive meme NFT ever sold. The auction took place on the Foundation platform, attracting…
The Rise of 5thScape: A Potential Game-changer in the Crypto World
As XRP struggles to keep up with the booming cryptocurrency market in 2024, investors are turning to a new ICO called 5thScape in search of potential returns of up to 1,000%. While XRP remains stagnant at $0.65, other major cryptocurrencies like Bitcoin and Ether have seen significant gains of 60% and 54% respectively. This shift…
The Dangers of AI Washing in the Financial Sector
In a recent statement, US SEC chair Gary Gensler expressed concern over the growing trend of “AI washing” in the financial sector. He emphasized that such activities not only mislead investors but may also violate securities laws. Gensler pointed out that some investment advisers and broker-dealers are falsely claiming to use AI to generate higher…
The Impact of Binance Probe on Nigerian Users
The recent court order requiring Binance to provide detailed information on all its Nigerian users raises significant concerns about privacy and data protection. The move by the Federal High Court to compel the exchange to disclose user data to the EFCC reflects a lack of transparency and accountability in the handling of sensitive information. This…
The Rise of Scotty the AI: A Game Changer in the Cryptocurrency World
The most eagerly awaited listing of the week in the cryptocurrency world is the launch of Scotty the AI, the Scottish Terrier coin, on the Uniswap decentralized exchange. The project has successfully raised $10.8 million in just two weeks, showcasing the high demand and anticipation among investors. With a unique concept of combining meme coin…
The Impact of Crypto Exchange OKX Delisting Tether (USDT) Pairs in the EU
Crypto exchange OKX has recently made a significant decision to delist Tether (USDT) pairs in the European Union. Instead, it will now only support USDC and Euro-based stablecoin pairs. This move has raised questions and concerns within the cryptocurrency community about the implications of such actions. The decision to delist Tether (USDT) pairs by OKX…
Exploring the Rise of SHARK and SPONGE Meme Coins in the Solana Ecosystem
The recent surge in the price of SHARK, a meme coin on the Solana blockchain, has caught the attention of many traders and investors. With a staggering increase of +124,948%, SHARK has quickly become one of the most talked-about tokens in the decentralized exchange (DEX) markets. Launched only two days ago, SHARK boasts impressive branding…
The Rise of Dogecoin20: A New Meme Coin on the Block
In the competitive world of cryptocurrency, a newcomer has emerged to challenge the reigning champion. Dogecoin20 ($DOGE20) has recently raised an impressive $2 million in its presale, setting the stage for a showdown with Dogecoin itself. While Dogecoin saw a 5% price slip to $0.143, Dogecoin20 has been gaining traction among eager investors. With a…
Is It Too Late to Buy Jupiter or Should You Consider Green Bitcoin?
The market cap of Solana’s decentralized exchange, Jupiter (JUP), has surged beyond $2 billion, with its fully diluted market cap nearing $15 billion. With this rapid growth, crypto investors are left wondering if it’s too late to buy Jupiter. While Jupiter’s token price has increased from under $0.50 to around $1.50 in just over a…
The Future of Cardano: Addressing Concerns and Enhancing Utility
Cardano’s development and utility have faced scrutiny, particularly with recent concerns surrounding the Hydra project. This layer 2 scalability solution aims to improve transaction speed, reduce costs, and enhance Cardano’s functionality. Despite rumors of the project’s demise, co-founder Charles Hoskinson has reassured the community by emphasizing its active development. He dismissed claims of abandonment as…
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