cryptocurrency widget, price, heatmap
icon userLog In
Cryptocurrencies/Coins/Kadena (KDA)
Kadena price, market cap on Coin360 heatmap

Kadena(KDA)

Arrow icon
Add to Watchlist
$1.3071
(-2.91%)
0.00002095 BTC
Market Cap (Rank#199)
$347,812,442
5,575 BTC
Vol 24h
$16,299,916
261.279 BTC
Circulating Supply
266,092,582.41
Max Supply
1,000,000,000
24 days agocryptopotato
Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem
[PRESS RELEASE – Panama City, Panama, February 5th, 2024] The Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval. The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be […]
24 days agocryptodaily
Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem
Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem
102 days agocointelegraph
ZK community aligned with the core Web3 mission: zkDay Istanbul round-up
The ZkDay Istanbul event offered exposure and networking opportunities to new and upcoming ZK-based projects and entrepreneurs.
106 days agocointelegraph
Blockdaemon among founders of BSN Spartan Network governing body
The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.
112 days agocoindesk
Blockchain Staking Firms Update Best Practices Amid 'Increased Scrutiny'
The new “staking principles,” published by the Proof of Stake Alliance, aim to ensure consumer protections and promote innovation. Signers include Lido, Coinbase, Rocketpool, Blockdaemon.
122 days agocointelegraph
ZkDay conference and Pitch competition comes to Istanbul on Nov. 13
ZkDay Istanbul is all set for Nov. 13! The event marks the continuation of the premier zero knowledge-focused community conference.
177 days agocryptodaily
SBF Claims Prison Environment Is Impeding Discovery Process
Bankman-Fried had previously complained about lockup conditions in prison, with lawyers pushing for his temporary release on weekdays.
191 day agocryptodaily
SBF Pleads Not Guilty To New Charges, Complains About Jail Food
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. The FTX founder was making an appearance in court after spending ten days in jail and also raised complaints about the food being served in jail. SBF Pleads Not Guilty To New Fraud And Conspiracy Charges The new charges, all related to fraud and conspiracy, were handed down on the 14th of August after prosecutors alleged that Bankman-Fried had used over $100 million of stolen customer funds and assets to donate to electoral candidates and politicians. The court had revoked his earlier bail after the United States Department of Justice alleged that the former CEO had repeatedly tried to influence witnesses and interfere with a fair trial through public shaming and harassment. This was Bankman-Fried’s first court appearance since his bail was revoked on the 11th of August. Since then, SBF has been in custody at the Metropolitan Detention Centre in Brooklyn. According to data from the Federal Election Commission, Bankman-Fried had reportedly given over $40 million in political donations in 2022. Other big donors from Bankman-Fried’s circle included Ryan Salame, former co-CEO, and Nishad Singh, the former director of engineering at FTX. Federal Election Commission data showed that Salame had donated over $23 million almost exclusively to Republican candidates and related PACs. Meanwhile, Nishad Singh had given around $8 million during the 2022 midterm election cycle. Complaints About Jail Food During his hearing, lawyers representing SBF informed the federal court that jail authorities had failed to provide him with a vegan diet as he had requested. Mark Cohen, the lawyer representing the former billionaire, stated that the lack of adequate food at the Brooklyn Metropolitan Detention Centre was hampering Bankman-Fried’s preparations for his trial, which is set to begin in October. Mr. Cohen also told the court that his client was not provided with the attention deficit hyperactive disorder (ADHD) drug Adderall. He also added that his client’s supply of Emsam, used to treat depression, was running low. Judge Sarah Netburn assured Mr. Cohen that she would ask the United States Justice Department’s Bureau of Prisons, which is in charge of running the jail, to address concerns related to SBF’s medication. She added that while she was reasonably confident that the prison offered vegetarian food, she was unsure if vegan food was available. Meanwhile, the Bureau of Prisons released a statement saying all inmates had access to appropriate medicines, healthcare, and hot meals. It further added that the facility ensures the provision of nutritionally healthy meals and follows the requirements of a national menu that is analyzed to ensure all dietary requirements are met. Following the hearing, Bankman-Fried sought support from his mother, speaking to her at length. “After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.” Preparations Underway For October Trial Meanwhile, Sam Bankman-Fried and his legal team are working hard in preparation for his trial, set to begin in October. Lawyers representing SBF had even requested that he be allowed to stay out of jail on weekdays, arguing that this would allow them to focus on building a defense for the disgraced FTX founder. The judge refused to grant this request. However, on the 22nd of August, Bankman-Fried was granted a short release from prison from 8:30 am to 3 pm. During his release, he was present in a supervised courtroom with his lawyers as they prepared for the upcoming trial. Meanwhile, the jury has also been issued guidelines by prosecutors on how to approach the trial. According to the guideline, the jury has to treat each of the seven charges differently. They were also requested not to let their verdict on one charge influence their decision on any of the other six charges. FTX was the second-largest cryptocurrency exchange, valued at around $32 billion. However, its bankruptcy sent shockwaves through the crypto and financial world and impacted several projects. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
191 day agocryptodaily
SBF Pleads Not Guilty To New Charges, Complains About Jail Food
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. The FTX founder was making an appearance in court after spending ten days in jail and also raised complaints about the food being served in jail. SBF Pleads Not Guilty To New Fraud And Conspiracy Charges The new charges, all related to fraud and conspiracy, were handed down on the 14th of August after prosecutors alleged that Bankman-Fried had used over $100 million of stolen customer funds and assets to donate to electoral candidates and politicians. The court had revoked his earlier bail after the United States Department of Justice alleged that the former CEO had repeatedly tried to influence witnesses and interfere with a fair trial through public shaming and harassment. This was Bankman-Fried’s first court appearance since his bail was revoked on the 11th of August. Since then, SBF has been in custody at the Metropolitan Detention Centre in Brooklyn. According to data from the Federal Election Commission, Bankman-Fried had reportedly given over $40 million in political donations in 2022. Other big donors from Bankman-Fried’s circle included Ryan Salame, former co-CEO, and Nishad Singh, the former director of engineering at FTX. Federal Election Commission data showed that Salame had donated over $23 million almost exclusively to Republican candidates and related PACs. Meanwhile, Nishad Singh had given around $8 million during the 2022 midterm election cycle. Complaints About Jail Food During his hearing, lawyers representing SBF informed the federal court that jail authorities had failed to provide him with a vegan diet as he had requested. Mark Cohen, the lawyer representing the former billionaire, stated that the lack of adequate food at the Brooklyn Metropolitan Detention Centre was hampering Bankman-Fried’s preparations for his trial, which is set to begin in October. Mr. Cohen also told the court that his client was not provided with the attention deficit hyperactive disorder (ADHD) drug Adderall. He also added that his client’s supply of Emsam, used to treat depression, was running low. Judge Sarah Netburn assured Mr. Cohen that she would ask the United States Justice Department’s Bureau of Prisons, which is in charge of running the jail, to address concerns related to SBF’s medication. She added that while she was reasonably confident that the prison offered vegetarian food, she was unsure if vegan food was available. Meanwhile, the Bureau of Prisons released a statement saying all inmates had access to appropriate medicines, healthcare, and hot meals. It further added that the facility ensures the provision of nutritionally healthy meals and follows the requirements of a national menu that is analyzed to ensure all dietary requirements are met. Following the hearing, Bankman-Fried sought support from his mother, speaking to her at length. “After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.” Preparations Underway For October Trial Meanwhile, Sam Bankman-Fried and his legal team are working hard in preparation for his trial, set to begin in October. Lawyers representing SBF had even requested that he be allowed to stay out of jail on weekdays, arguing that this would allow them to focus on building a defense for the disgraced FTX founder. The judge refused to grant this request. However, on the 22nd of August, Bankman-Fried was granted a short release from prison from 8:30 am to 3 pm. During his release, he was present in a supervised courtroom with his lawyers as they prepared for the upcoming trial. Meanwhile, the jury has also been issued guidelines by prosecutors on how to approach the trial. According to the guideline, the jury has to treat each of the seven charges differently. They were also requested not to let their verdict on one charge influence their decision on any of the other six charges. FTX was the second-largest cryptocurrency exchange, valued at around $32 billion. However, its bankruptcy sent shockwaves through the crypto and financial world and impacted several projects. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
194 days agocryptopotato
SBF Files Request for Weekdays Out of Jail to Prepare His Defense: Report
According to his legal team, SBF cannot be expected to review all accusations levelled at him from prison.
195 days agocointelegraph
Sam Bankman-Fried requests weekday freedom for legal defense work
Lawyers of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center.
203 days agocryptodaily
MakerDAO Announces Airdrop For Spark Protocol Governance Token
The MakerDAO founder, Rune Christensen, has announced an airdrop for the Spark Protocol’s native SPK token. According to the proposal, the tokens will be released gradually, with the proposal outlining the distribution of two billion SPK tokens over the next ten years. The SPK Token Airdrop The proposal is aimed at promoting long-term engagement with the platform and outlines the eventual distribution of two billion SPK tokens over ten years in an effort to incentivize the continued usage of the Spark Protocol. The SPK token will also act as a governance token for SparkDAO. “The goal of the SPK pre-farming airdrop is to give users and borrow-arbers a reason to keep using Spark Protocol if the EDSR proposal to increase stability fees to 5% goes through.” According to Rune, the proposal would be an avenue for the community to secure SPK tokens before the launch of the SubDAO, with Rune stating on X, “I posted an overview of the potential SparkDAO SPK pre-farming airdrop for early users of http://sparkprotocol.io borrowing: This would be a way to secure early SPK tokens before the SubDAOs launch (Farming not available to US and VPN users)” Spark Expected To Become SubDAO Spark Protocol is a lending protocol that has been introduced by MakerDAO. The protocol provides DeFi loans, sourcing liquidity directly from Maker. As collateral, the protocol accepts several assets, such as DAI, ETH, and Staked ETH. Spark Protocol eventually aims to become a SubDAO, which marks a significant step in Maker’s Endgame Plan. As a subDAO, Spark will be an entirely independent, decentralized autonomous organization within MakerDAO. The Endgame plan envisions the creation of several subDAOs similar to Spark, each governed by its own distinct community and token. A Way To Incentivize Usage The SubDAO tokens will be allocated to Spark borrowers and will utilize several assets as collateral, distributed proportionately towards the amount and duration of borrowing. According to Christensen, the aim is to bootstrap a community of users and DAO participants whose goals are aligned with SparkDAO. “We want to bootstrap a community of users and DAO participants that are aligned with the mission and potential of SparkDAO.” The eventual goal is to incentivize the Spark token’s active usage, despite it offering a 5% yield on DAI deposits, also called Enhanced DAI Savings Rate. The EDSR on Spark climbed to 8% earlier in the week, resulting in a significant inflow of capital as users rushed to leverage borrowing arbitrage opportunities. This saw users borrow DAI at lower rates and then deploy it for higher yields in EDSR. Maker’s new Spark Protocol has courted controversy following its launch after it emerged that the protocol’s terms of service actively prevented users from accessing the platform through virtual private networks (VPNs). By limiting VPN access, MakerDAO appeared to be restricting US-based users from accessing the platform. Maker’s Endgame Plan MakerDAO’s Endgame is a significant update planned to enhance the protocol’s efficiency, resilience, and participation. It aims to do this by creating a strong governance equilibrium that would act as the bedrock for SubDAOs, helping parallelize growth and innovation in a community-driven ecosystem. In the short term, Endgame hopes to enhance the supply of DAI to over 100 billion within three years. It also aims to ensure that the Maker ecosystem is anchored in a vibrant and independent DAO economy that could grow at an accelerating rate. At the same time, it would also maintain governance equilibrium, ensuring it could scale to any size. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
203 days agocryptodaily
MakerDAO Announces Airdrop For Spark Protocol Governance Token
The MakerDAO founder, Rune Christensen, has announced an airdrop for the Spark Protocol’s native SPK token. According to the proposal, the tokens will be released gradually, with the proposal outlining the distribution of two billion SPK tokens over the next ten years. The SPK Token Airdrop The proposal is aimed at promoting long-term engagement with the platform and outlines the eventual distribution of two billion SPK tokens over ten years in an effort to incentivize the continued usage of the Spark Protocol. The SPK token will also act as a governance token for SparkDAO. “The goal of the SPK pre-farming airdrop is to give users and borrow-arbers a reason to keep using Spark Protocol if the EDSR proposal to increase stability fees to 5% goes through.” According to Rune, the proposal would be an avenue for the community to secure SPK tokens before the launch of the SubDAO, with Rune stating on X, “I posted an overview of the potential SparkDAO SPK pre-farming airdrop for early users of http://sparkprotocol.io borrowing: This would be a way to secure early SPK tokens before the SubDAOs launch (Farming not available to US and VPN users)” Spark Expected To Become SubDAO Spark Protocol is a lending protocol that has been introduced by MakerDAO. The protocol provides DeFi loans, sourcing liquidity directly from Maker. As collateral, the protocol accepts several assets, such as DAI, ETH, and Staked ETH. Spark Protocol eventually aims to become a SubDAO, which marks a significant step in Maker’s Endgame Plan. As a subDAO, Spark will be an entirely independent, decentralized autonomous organization within MakerDAO. The Endgame plan envisions the creation of several subDAOs similar to Spark, each governed by its own distinct community and token. A Way To Incentivize Usage The SubDAO tokens will be allocated to Spark borrowers and will utilize several assets as collateral, distributed proportionately towards the amount and duration of borrowing. According to Christensen, the aim is to bootstrap a community of users and DAO participants whose goals are aligned with SparkDAO. “We want to bootstrap a community of users and DAO participants that are aligned with the mission and potential of SparkDAO.” The eventual goal is to incentivize the Spark token’s active usage, despite it offering a 5% yield on DAI deposits, also called Enhanced DAI Savings Rate. The EDSR on Spark climbed to 8% earlier in the week, resulting in a significant inflow of capital as users rushed to leverage borrowing arbitrage opportunities. This saw users borrow DAI at lower rates and then deploy it for higher yields in EDSR. Maker’s new Spark Protocol has courted controversy following its launch after it emerged that the protocol’s terms of service actively prevented users from accessing the platform through virtual private networks (VPNs). By limiting VPN access, MakerDAO appeared to be restricting US-based users from accessing the platform. Maker’s Endgame Plan MakerDAO’s Endgame is a significant update planned to enhance the protocol’s efficiency, resilience, and participation. It aims to do this by creating a strong governance equilibrium that would act as the bedrock for SubDAOs, helping parallelize growth and innovation in a community-driven ecosystem. In the short term, Endgame hopes to enhance the supply of DAI to over 100 billion within three years. It also aims to ensure that the Maker ecosystem is anchored in a vibrant and independent DAO economy that could grow at an accelerating rate. At the same time, it would also maintain governance equilibrium, ensuring it could scale to any size. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
224 days agocryptodaily
Superblock Raises $8M for “Over Protocol,” a New Layer 1 Blockchain Focusing on Lightweight Full Nodes
Seoul, South Korea, July 21st, 2023, ChainwireSuperblock, a contributor to Over Protocol, has raised $8 million from prominent companies and VCs in South Korea across two funding rounds. Investors included SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ.Ben (Jae-Yun) Kim, the founder of Superblock, said: "We are deeply diving into the South Korea market with the best local partners and looking to meet global partners accelerating us all over the world."As layer 1 blockchains have become faster and more established over time, the costs of bootstrapping and maintaining nodes have become increasingly expensive. As a consequence, blockchain applications have become challenging to operate without the use of costly equipment.Over Protocol is a new layer 1 blockchain based on a protocol named "Ethanos" that only considers active accounts valid, enabling full nodes to discard obsolete data and operate with less storage, thus allowing for reduced storage requirements. With Over, anyone will be able to run a node and become a validator on their PCs at home. Ethanos has been published at EuroSys’21."With the ability for anyone to run a validator, individuals can earn potentially passive income through a process called home staking, enabling them to embrace a new lifestyle with new payment options, enhanced credit, and innovative finance opportunities," Ben added.About Superblock Superblock builds products, tools, and decentralized applications to flourish the Over Protocol. Over Protocol is a truly decentralized layer 1 blockchain providing lightweight full nodes.For more information: Twitter | Discord | MediumContactMarketerDavid [email protected]+821043302540
226 days agocryptodaily
Ubisoft Joins Cronos Blockchain Ecosystem as Node Validator $CRO
Ubisoft, a leading video game creator and publisher, is expanding its exploration of blockchain technology with a new partnership. Joining the Cronos blockchain ecosystem as a node validator, Ubisoft adds its experience and expertise to this expanding digital network. Ubisoft is set to join 27 other node operators contributing to the Cronos open-source blockchain. These node validators play a vital role in ensuring the stability and security of the network. As a validator, Ubisoft will participate in blockchain governance and network update approvals. The decision to join the Cronos ecosystem aligns with Ubisoft's ongoing exploration of blockchain technology, spearheaded by its Strategic Innovation Lab. The inclusion of Ubisoft in the ecosystem aligns with Cronos' strategy of collaboration with technical contributors, which include Crypto.com, Blockdaemon, Dora Factory, and Allnodes, among others. An Extension of Ubisoft-Cronos Relationship The partnership is a progression of the existing relationship between Ubisoft and Cronos. Ubisoft previously participated as a start-up mentor in the Cronos Accelerator program, marking their initial collaborative efforts. Ken Timsit, Managing Director of Cronos Labs, a blockchain startup accelerator, commented on the partnership. He expressed optimism about Ubisoft's contributions, given their understanding of blockchain's potential and limitations in creating deeper engagement between game creators and gamers. Timsit also mentioned the open-source Cronos project, where Ubisoft is expected to participate as a validator. Cronos' ecosystem stands to benefit from Ubisoft's expertise, particularly in providing feedback on technology upgrades to support gaming use cases. Ubisoft's Strategic Innovation Lab, tasked with anticipating the future and integrating innovative technologies, will play a pivotal role in this endeavor. Cronos has been active in the gaming industry with Cronos Play, a suite of developer tools and integrations for blockchain-based games. The developer tools are now available as a plugin in the Unreal Engine Marketplace, with more than 15 Web3 games launched or in the pipeline for launch on the Cronos blockchain. Cronos (cronos.org) is an EVM-compatible layer 1 blockchain network built on the Cosmos SDK. It's supported by Crypto.com, Crypto.org, and more than 500 app developers and partners. The platform is adopted by over 1 million users and supports an ecosystem of more than 80 million users worldwide with the Cronos ($CRO) cryptocurrency. Ubisoft's venture into the Cronos ecosystem reinforces the growing interest of leading technology firms in blockchain technology and its myriad applications. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
244 days agocoindesk
Coinbase Will Be Fidelity's Surveillance Partner for Bitcoin ETF, Refiled Application Says
Cboe's BZX Exchange named crypto exchange Coinbase as the market for its surveillance-sharing agreement when it refiled its bitcoin exchange-traded fund application on TKday.
245 days agocointelegraph
ZkDay comes to Paris on July 19: A marquee ZK conference amid EthCC
The ZK-focused community conference zkDay Paris kicks off on July 19 during EthCC after a successful event in Denver.
268 days agonulltx
Kadena Price Analysis from Avorak Show Kadena Miners are Highly Profitable
Artificial intelligence is an innovation many will sing and glorify as it aims to revolutionize various sectors, including blockchain technology. The decentralized community believes in development, and there are still campaigns to integrate AI into the ecosystem. Individuals who have joined the bandwagon already know the taste of gaining income with less effort than usual. […]
269 days agocoindesk
Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
The firm said it is the first bank-owned custodian to offer staking services to institutional clients.
289 days agocryptodaily
Tenet and Ankr Partner to Bring Liquid Staking Derivatives (LSDs) to More Blockchains
Mahe, Seychelles, May 16th, 2023, ChainwireTenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with Ankr, a leading blockchain infrastructure provider, to increase adoption of LSDs across all blockchains, including those where liquid staking derivatives are currently not available yet.As part of the partnership, Tenet will have discounted pricing on Ankr’s LSD integration services, which allows Proof of Stake Blockchain’s to easily set up liquid staking for their assets with Ankr. In addition, Tenet will help cover some of the integration costs for its partners in exchange for the new Blockchain’s committing a certain amount of LSD assets to Tenet’s network.Proof of Stake networks today dominate the blockchain landscape, with the vast majority of alternative layer-one chains and application specific blockchains (“appchains”) each having their own staking token. Staking is key in securing the network to protect from economic attacks, which means that DeFi use cases that generate alternate sources of yield will potentially reduce the security of the network. By adopting liquid staking derivatives, which allow using staked assets in DeFi, the conundrum is effectively solved — increasing the security of the network as it scales.Most LSD liquidity today comes from Lido, which means that smaller blockchains may need to wait some time before they see their chain integrated. Ankr, on the other hand, has created a white-label system that allows any project to quickly set up their own LSD.By working with Tenet, projects will benefit from both the cheaper LSD integration services, as well as the Tenet layer-1 LSD ecosystem, which allows users to earn maximum yield on their assets by supplying them to various DeFi protocols on its network. In exchange, Tenet partners will need to commit a certain amount of LSD total value locked to Tenet Validators, which boosts its security model.Tenet has a unique model called Diversified Proof of Stake (DiPoS), which supports staking with any LSD asset from other chains, such as ETH, BNB, ATOM, SOL and ADA. This allows Tenet to be partially secured by all its supported networks, dramatically improving security compared to standard single-token Proof of Stake."We're on a mission to bring LSDs to all the top Layer-1 blockchains and make Tenet the defacto place for them to safely earn yield and utility," said Greg Gopman, CEO of Tenet and former CMO of Ankr. “During my time at Ankr, I was inspired by all the amazing LSD products the company launched, but disappointed by their ultimate lack of use. With Tenet, we aim to change this.”As part of the deal, Tenet will commit to using Ankr for its RPC services, as well as other integrations that make sense for the network’s infrastructure. The two companies will also put together a Liquid Staking Conference (side event) at EthCC in Paris, in July 2023.Tenet is currently live on testnet and will launch Mainnet and its token generation event on May 25.About TenetTenet is a DeFi-focused Layer-1 ecosystem, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former head of revenue operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, which allows LSDs to stake to its network and earn yield on their liquid staking assets and participate in the platform's governance.About AnkrAnkr is an all-in-one portal built to support the growth of Web3. They provide multi-chain API connections, dApp development tools, and crypto staking solutions with a global node infrastructure powering it all over 30+ blockchains. As the pioneer of liquid staking, Ankr creates next-generation solutions for supporting validation on several proof-of-stake chains with an industry-leading node delegation system and security. With a Total Value Locked of over $500M, Ankr is the 3rd largest Ethereum staker and go-to staking infrastructure provider for ecosystems like the BNB Smart Chain, Polygon, and [email protected]
293 days agocryptodaily
Robinhood Reports 30% Decline in Revenue for Q1
Stock trading app Robinhood reported that its crypto business brought in $38 million in Q1 for 2023, down 30% from $54 million in Q1 2022. Cryptocurrency and stock trading app Robinhood reported its first quarter revenue for 2023, revealing a 29.6% year-on-year decline for its cryptocurrency trading division. In its filing, the firm also reported an increase of 26% in assets under custody which now amounts to $78 billion. Around 15%, or $12 billion, of the assets under custody, are crypto assets on its trading platform – 40% less compared to Q1 2022. Despite declining crypto trading revenue, the trading app’s total revenue increased year-on-year, amounting to $441 million compared to Q1 2022’s revenue of $229 million. Robinhood’s total year-on-year trading revenue increased by 47.5%. As a result of the US Federal Reserve’s recent rate hikes, Robinhood earned handsomely from interest. Q1 revenue is up 16% from Q4 2022. Although the firm’s overall revenue increased, the app witnessed a decline in monthly active users. In Q1 2022, Robinhood had 15.9 million users, but this number decreased to 11.8 million. Jason Warnick, Robinhood’s Chief Financial Officer, commented on the firm’s report saying: The broader macro backdrop has been tougher on trading volumes and engagement with brokerages. Vlad Tenev, Robinhood CEO, remained optimistic over the firm’s report: In the face of uncertainty in thebanking sector, we’re continuing to see strong net deposits and improving customer satisfaction. Robinhood Will Soon Launch 24-Hour Weekday Stock Trading Robinhood said it would soon allow users to engage in 24-hour trading of selected exchange-traded funds and popular stocks such as Tesla and Apple, Forbes reports. Robinhood will become the first US brokerage to offer 24-hour trading in individual stocks after it announced its plans on Wednesday. Tenev told The Wall Street Journal (WSJ) that the 24-hour service would enable round-the-clock trading in 43 securities between 8 p.m. ET Sunday and 8 p.m. ET Friday, with plans to add more securities to this list. The WSJ reports the service will be available in a limited capacity by next week, with all users having access by June. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
303 days agocryptopotato
Ex Ankr and Blockdaemon Execs Launch Tenet, A Layer-1 Ecosystem to Maximize LSD Utility
[PRESS RELEASE – Mahe, Seychelles, May 3rd, 2023] Former executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the […]
303 days agocoindesk
Crypto Trading Platform Enclave Starts Fully Encrypted Spot Exchange
Enclave Spot is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave..
318 days agocoindesk
Blockdaemon Sets Sights on Large Institutions With New Wallet App
Blockdaemon Wallet aims to help institutions and crypto custodians live up to the “not your keys, not your crypto” adage.

About Kadena?

The live price of Kadena (KDA) today is 1.3071 USD, and with the current circulating supply of Kadena at 266,092,582.41 KDA, its market capitalization stands at 347,812,442 USD. In the last 24 hours KDA price has moved ? USD or 0.00% while ? USD worth of KDA has been traded on various exchanges. The current valuation of KDA puts it at #199 in cryptocurrency rankings based on market capitalization.

Learn more about the Kadena blockchain network and how it works or follow the price of its native cryptocurrency KDA and the broader market with our unique COIN360 cryptocurrency heatmap.

Kadena is a hybrid Layer-1 network that seeks to create a developer-friendly and scalable blockchain and employ it for real-world blockchain use cases. KDA is Kadena’s native coin or cryptocurrency, which serves to pay for transaction fees and to reward miners. 

Kadena’s public network architecture, called Chainweb, is designed as a set of parallel chains, each handling a fraction of the network’s transaction flows. This novel Proof-of-Work consensus mechanism enables high transaction throughput and a level of security similar to Bitcoin’s. Kadena also offers smart contract functionality with its native smart contract language called Pact. Kadena’s private blockchain, Kuro, is built for enterprises and works as a layer-2 blockchain. 

Kadena was founded in 2016 by Stuart Popejoy, who led JPMorgan’s Emerging Blockchain group prior to building Kadena, and Will Martino, who worked as the tech lead at the U.S. Securities and Exchange Commission.

KDA price

Ассording to our KDA USD live price chart, Kadena’s native KDA crypto didn’t witness any major price action until its parabolic rise in Q3 2021, with KDA price range-bound in $0.06 to $0.334 prior to that.

Throughout 2020 KDA was trading sideways, plunging to its all-time low of $0.0658 on March 13, 2020. The price of KDA also saw a minor bull run in the summer of 2020, rising by 313% from $0.2518 on Aug. 5, 2020, to $0.7899 on Aug. 9, 2020, when KDA reached its highest price for the year. The surge was short-lived, however, with Kadena losing all of the summer gains by early October and closing 2020 with a 35% loss. Despite a moderate start to 2021, KDA reached a new peak of $1.7 on March 11, 2021. However, optimistic sentiment faded soon with a severe crash hitting the broader crypto market in May. 

Kadena returned to the growth phase in Q3 2022 and extended the gains with news on project developments, including new partnerships in the NFT space. The rally in Bitcoin provided more fuel for further upside momentum, pushing the price of Kadena to a new all-time high of over $28 on Nov. 11, 2021. Kadena’s parabolic rise brought its fully diluted valuation to over $28 billion, putting it in the top 30 coins by market capitalization, according to Coin360 data. Although KDA lost 70%+ since its all-time high, it turned out to be one of the biggest winners in 2021, ending the year with an 8,000% gain. 

In terms of Kadena price predictions, KDA’s epic boom may not be repeated in the near term, but ecosystem growth combined with another crypto-wide rally could see the price of KDA surging again.

How KDA works

Kadena’s KDA coin is used to pay for computations on the network, including peer-to-peer transfers on the network, new smart contracts deployment and execution of existing smart contracts. Miners producing new blocks also earn KDA, with rewards composed of transaction fees and network inflation. The total supply of KDA is capped at 1 billion tokens, with 70% of the supply allocated to KDA miners, 20% to the Kadena platform, and 6% to the strategic fund and investors. 

Kadena combines a novel Proof-of-Work consensus mechanism and a new language for smart contract capabilities in one network. Kadena’s public chain features a proof-of-work (PoW) consensus mechanism called Chainweb that enables high network scalability and fast transaction execution on the network. Chainweb is designed as a combination of multiple individually mined chains that work in parallel and transfer liquidity between each other, with KDA serving as the single currency across all chains. Having 20 active chains, Kadena claims to have a theoretical throughput of 480,000 transactions per second and ‘virtually free’ transactions. 

Kadena introduced Pact, a human-readable and computer-verifiable smart contract language for application development. Pact aims to improve upon Ethereum’s Solidity with full formal verification, which makes the code less prone to bugs, and contract upgradability without requiring a hard fork, among the features. Kadena’s coding language allows builders to create DeFi protocols and enterprise blockchain use cases. 

Kadena also offers Kuro (formerly ScalableBFT), a side chain solution tailored for enterprise needs. Unlike its public network Chainweb, Kuro is a permissioned blockchain so the data on the network is only available to verified participants. Kuro also has different technical characteristics from Kadena, processing up to 8,000 transactions per second. 

KDA news, updates and highlights

Kadena occupies a niche of its own, being a scalable Proof-of-Work blockchain with smart contract functionality. Unlike other PoW blockchain networks, Kadena aims to offer high transaction throughput without sacrificing security. Unlike multiple Layer-1 networks, Kadena seeks to tap into the enterprise-grade blockchain solutions and NFT issuance standards alongside building DeFi protocols. 

However, Kadena hasn’t seen much traction on its platform yet. Its private blockchain Kuro is used by a few enterprises, but the details are not revealed due to legal and commercial reasons. 

Kadena is competing with multiple smart contract platforms in the DeFi space, such as Solana and Avalanche. Kadena’s DeFi ecosystem is currently limited to several protocols, including Kadenaswap, the blueprint from Kadena for a DEX, and Kaddex, a multi-chain DEX, which was launched in beta in December 2021. 

Kadena made progress in the NFT space so far, delivering Marmalade, a new NFT standard, launching several NFT collections and securing multiple partnerships with the players in the space. UFO Gaming entered into a strategic partnership with Kadena in October 2021, choosing Kadena network to facilitate its upcoming ecosystem. 

In order to attract more developers to build on the network and incentivize activity, Kadena launched a $100 million grant program in April 2022. Kadena Eco, the initiative that will be administering the grants program, aims to support builders in areas such as gaming, metaverse, NFTs and DeFi among others.

With fierce competition between smart contract platforms, the efficiency of the capital allocation in this grant program will probably define the future of the Kadena ecosystem. Meanwhile, Kadena is in its infancy and is yet to catch up with more robust ecosystems. 

Kadena also aims to build a Kadena-Cosmos bridge alongside releasing wrapped indigenous tokens such as kUSD, kBTC, and kETH to drive more liquidity into the ecosystem. 

Frequently asked questions about KDA

  • Can you mine or stake KDA?

Kadena is a proof-of-work (PoW) blockchain, which means the network rewards miners with KDA for discovering new blocks. Kadena can be mined with ASIC miners, and miners will receive 70% of the total KDA supply, which will be emitted over 120 years. 

  • What are some of the best KDA wallets?

Kadena offers Chainweaver, its native Kadena desktop wallet for KDA storage. Other popular KDA wallets include X-Wallet and Zelcore. 

  • What can you do with KDA?

You can use KDA to pay for transactions on the Kadena network and trade it with other cryptocurrencies on exchange platforms. Alternatively, you can mine KDA with ASIC miners. 

  • How to buy KDA?

You can buy KDA by exchanging your BTC, USDT or BUSD holdings on an exchange such as Binance, Kucoin and gate.io.

Kadena Price1.3071 USD
Market Rank#199
Market Cap347,812,442 USD
24h Volume16,299,916 USD
Circulating Supply266,092,582.41 KDA
Max Supply1,000,000,000 KDA
Mining Info
Hashing algorithmBlake2S
Pools (known)6
Pools Hashrate688.59 PH/s
Network Hashrate602.33 PH/s
By MiningPoolStats
MiningPoolStatsVisit
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Related Coins
cryptocurrency widget, price, heatmap
v 5.5.31
© 2017 - 2024 COIN360.com. All Rights Reserved.
Arrow icon