The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Market
Market stats
Market cap
$1.1M
Volume (24h)
$25,952.11
Circulating supply
66.8M IDNA
All time high
$0.32
Price change (1h)
-0.03%
Price change (24h)
-1.47%
Price change (7d)
-2.88%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Idena is on the decline this week.
The price of Idena has fallen by 2.88% in the past 7 days. The price declined by 1.47% in the last 24 hours. In just the past hour, the price shrunk by 0.03%. The current price is $0.0164 per IDNA. Idena is 94.87% below the all time high of $0.32.
The current circulating supply is 66,777,729.664 IDNA.
About
What Is Idena (IDNA)?
Idena (IDNA) describes itself as the first-ever proof-of-person blockchain founded on democratic principles. Each mining node is connected to a crypto identity—one person with similar voting authority and mining revenue.
To commence mining, users need to verify they are unique humans. It does not demand the revelation of any confidential data (no KYC). Users are required to occur online when the validation ceremony begins and solve a flip-test sequence (CAPTCHAs).
Blockchain trades can be costly. But Idena authorizes anyone to mine cryptocurrency and expend it utilizing smart contracts. Idena executes a proof-of-person Sybil managing mechanism and BFT consensus based on the community with fast finality. Each block mined by the Idena validators is absolute with almost 100% possibility, meaning blockchain forks are nearly impossible. Traders must wait for two blocks to confirm that the transaction will not return. The Idena blockchain is operated by an eco-friendly consensus of proof-of-person. The Idena miner requires a valid crypto identity and holds their node online for verifying transactions. Mining revenue does not rely on miners' hardware. It doesn't need to utilize high electricity volumes, mining rigs, or GPUs.
iDNA token is native to the platform. The Idena core team grows such an ecosystem where the fundamental demand operates the Idena coin market value for its utility. Advertisers purchase iDNA and burn the coins to contend for network attention. Burning both minted and preminted coins results in the sustainable economics of the platform. The Idena platform created the zero wallet for funding impact projects suggested by the Idena community. It collects 1% of the total minted coins.
History of Idena (IDNA)
In the first quarter of 2020, Idena accomplished improvements for peer-to-peer protocols. Later in the third and fourth quarters of the same year, the platform got listed on various exchange platforms.
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Idena Calculator
How much is 1 IDNA?
Conversion Table
IDNA/CAD (Canadian Dollar)
CA$0.0223
IDNA/GBP (British Pound)
£0.0135
IDNA/BRL (Real)
R$0.0828
IDNA/EUR (Euro)
€0.0155
IDNA/NGN (Nigerian Naira)
NGN 12.72
IDNA/SGD (Singapore Dollar)
S$0.0225
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
Read more
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FAQ
What is the current price of Idena?
We update our Idena to USD currency in real-time. Get the live price of Idena on Coinbase.
What is the market cap of Idena?
The current market cap of Idena is $1.10M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Idena?
The all-time high of Idena is $0.32. This all-time high is highest price paid for Idena since it was launched.
What is the 24 hour trading volume of Idena?
Over the last 24 hours, the trading volume of Idena is $25.95K.
What other assets are similar to Idena?
Assets that have a similar market cap to Idena include Everton Fan Token, BUX Token, Integral, and many others. To see a full list, see our comparable market cap assets.
How many Idena are there?
The current circulating supply of Idena is 67 million.
Can I buy Idena on Coinbase?
No, Idena is not currently available on Coinbase, but you can sign up to get the latest news on Idena and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.