3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy

Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data. Most protocols have now shifted to proof-of-stake but Kadena (KDA), a scalable layer-one blockchain protocol is still operating on the old proof-of-work model. According to the project, the network is capable of processing up to 480,000 transactions per second thanks to the use of “braided chains”.…

Bitcoin Hits Record High of Over $67.5K

Tokens associated with layer 1 blockchains that are similar to the Ethereum blockchain will continue to be worth monitoring on Tuesday, as several of them – terra, solana, and avalanche – hit record highs in the past two days. Many layer 1 blockchains are holding major events in the coming days – for example, Polkadot’s hotly anticipated parachain auctions on Nov. 11 – that could boost their tokens’ prices, too. Source link

Bitcoin Tops $67K for The First Time as Ether Also Sets Record High

Bitcoin, the oldest cryptocurrency, on Monday surged above $67,000 for the first time, hitting $67,194.88 in recent trading. The markets have been in a bull mode since the beginning of the October, as the crypto market in total has added nearly $1 trillion to its total value in just a month. At the press time, the total market capitalization of cryptocurrencies has reached near $3 trillion, according to data from CoinMarketCap. As CoinDesk reported, bitcoin is widely perceived by many investors as a store of value asset like gold, making…

ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged

The Watr Foundation, in partnership with blockchain platform Algorand, recently launched a project to provide ESG scoring for different commodities with a special focus on climate change. While the project has a clear environmental focus, the platform will also include labeling for everything from how a company treats its workers to the number of people participating in an asset’s ecosystem by gender.  Watr Foundation council president Maryam Ayati said in a statement: “We believe this next iteration on resource models should be co-created in mutually-owned profit models. It is a privilege…

OTOY’s Render Network plans to render the metaverse on Solana

Jules Urbach, the CEO and founder of OTOY, wants to democratize content creation, specifically as it pertains to virtual assets. OTOY’s technology intends to fulfill the promise of an open cloud-based metaverse via the Render Network — the first decentralized GPU rendering network & 3D marketplace built on OTOY’s OctaneRender NFT ecosystem. While at the inaugural Solana Breakpoint conference in Lisbon, Portugal, Urbach announced Render Network’s integration with the Solana blockchain, as well as a partnership with NFT minting platform Metaplex. Urbach noted that the project’s recent move to Solana…

Robinhood Security Breach Affected 7 Million Users

Key Takeaways Robinhood experienced a security breach last week in which hackers gained extensive access to user data. 5 million people had their email addresses stolen, while another 2 million had their full names stolen. No financial data was stolen, and none of Robinhood’s customers have experienced any financial loss. Share this article Trading app Robinhood reported today that a security breach resulted in attackers gaining access to user information. Millions of Users Affected According to Robinhood, attackers obtained the email addresses of 5 million users and the full names…

Robinhood Shares Fall After Data Security Breach Revealed

Robinhood’s shares fell 3.1% in after-market trading on Monday after the stocks and cryptocurrencies trading app acknowledged a Nov. 3 security data breach in a blog post. “An unauthorized third party obtained access to a limited amount of personal information for a portion of our customers,” the popular trading platform said in the Monday blog post. After Robinhood contained the breach, the hacker(s) demanded an extortion payment, according to the company, which immediately contacted the authorities. The company said the unnamed third party obtained a list of email addresses for…

Bitcoin Rises as Central Banks Maintain Low Rates

For now, charts suggest further upside in bitcoin if a breakout above $66,000 is confirmed this week. “Bitcoin has ample room to rise on the technical analysis side, as the bulls have built-up strength during the first cryptocurrency’s month-long consolidation,” Alex Kuptsikevich, a market analyst at FxPro, wrote in an email to CoinDesk. Source link

Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls

The bulls are on the march again and this time they’ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level. Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at $66,557 and at the time of writing trading volume continues to increase as bulls attempt to secure a daily close above $66,000. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts are saying…