Day: November 8, 2021

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; Ether Also Sets New Mark

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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. Original

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

Bitcoin, the oldest cryptocurrency, on Monday blew past $67,000 for the first time, hitting $67,523.28 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 CryptoX reported, bitcoin is widely perceived by many investors as a store of value asset like gold, making…

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…

Bitcoin MOONS Tomorrow (Why BTC Could Breakout)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I give you the top crypto news stories of the day in less than 3 minutes. Will we see a MAJOR move from Bitcoin tomorrow? Aaron Rodgers has decided to take some of his salary in Bitcoin. A US Treasury report says that stablecoin legislation is URGENTLY needed. How will this affect stablecoin lending? How to join Cardano (ADA) BitPool ➡️ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Connect with Me & the BitSquad! Join the BitSquad ➡️ Join the BitBoy Lab ➡️ Join BitSquad…

New York Mayor Says Cryptocurrencies Should Be Taught In Schools

New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days. The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to…

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 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 then contacted the authorities. The company said that the unnamed third party obtained a list of email addresses…