Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities
In a shocking announcement yesterday, the Kadena team revealed that the organization is no longer able to continue business operations and will cease all activities immediately. Despite the company’s closure, the Kadena blockchain itself will remain operational, maintained by independent miners and developers under its decentralized proof-of-work structure. Related Reading: Hyperliquid Futures Indicator Signals Whales Are Going Long – Details The news sent shockwaves through the crypto community, triggering a massive sell-off in KDA, Kadena’s native token, which dropped by more than 55%....
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Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James' office. Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto lender Nexo is revealed to be one of the two companies to receive the cease and desist order from....
Bitcoin is showing signs of renewed weakness as short-term investors begin to fold under selling pressure. According to the latest data from CryptoQuant, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has fallen to 0.992, its lowest level since late April. This key on-chain metric tracks the average profit or loss realized by Bitcoin holders who have owned their coins for less than 155 days — a group often associated with speculative or reactive behavior. Related Reading: Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities When the STH-SOPR dips below....
XRP continues to struggle for bullish momentum as market sentiment remains heavily bearish. After weeks of declining prices and fading trading volume, the token is still trading below the $2.5 mark, with traders growing increasingly cautious. While some analysts interpret this as a cooling-off period before the next potential expansion phase, fear and uncertainty continue to dominate the market’s short-term outlook. Related Reading: Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities Adding to the tension, top CryptoQuant analyst Maartunn revealed that Chris....
Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has announced a new set of grants directed to incentivize the creation of Web3 experiences. This $100 million grant fund is part of the Kadena Eco initiative, whose objective is to offer builders a complete suite to deploy their solutions on top of the chain.
Kadena Grants Seek to Attract People to Ecosystem
Kadena, a top-100 cryptocurrency project that is based on proof-of-work (PoW) consensus but also offers the possibility of executing smart contracts, has revealed a new....
The hybrid blockchain maker Kadena, said Tuesday it has partnered with Terra and will be adding Terra’s stablecoin luna to its decentralized exchange Kadenswap.