Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche | Bitcoinist.com

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avalanche, Avalanche blockchain, Avalanche foundation, Avalanche network, Avalanche news, Avalanche price, avax, AVAX news, AVAX price, AVAXUSD, AVAXUSDT, blockchain, blockchain technology, Citibank, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, tokenization, tokenized assets

CitiBank, one of the world’s largest banks, has successfully conducted a simulation demonstrating the tokenization of a private equity fund on the Avalanche blockchain network, specifically using Avalanche’s Layer 1 Spruce subnet.  Interestingly, this development has the potential to accelerate the adoption of distributed ledger technology in the financial industry, particularly on Wall Street. Blockchain […]

Crypto Cash Flood: $1 Billion Pours Into Digital Assets With Bitcoin ETFs Leading The Charge

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avalanche, Bitcoin, bitcoin ETF, Bitcoin News, BTCUSDT, Crypto, digital asset, ETH, Ethereum, Polygon, tron

The cryptocurrency investment landscape has recently witnessed a significant uptick in activity, with digital asset investment products recording inflows of roughly $1.1 billion, according to a recent blog post shared by Coinshares, a leading digital asset investment firm. This surge has propelled the year-to-date inflows to roughly $2.7 billion, as reported by the firm. Additionally, […]

Avalanche Foundation Unveils $100 Million Fund To Buy Meme Coins, But There’s A Catch | Bitcoinist.com

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avalanche, Avalanche blockchain, Avalanche foundation, Avalanche meme coins, Avalanche network, Avalanche news, avax, AVAXUSD, AVAXUSDT, meme coin, Meme coin news, meme coins, Meme coins news, memecoin, memecoins

The Avalanche Foundation, a non-profit organization actively supporting the Avalanche community, has announced a $100 million support fund dedicated to facilitating the deployment of meme coins within the community. However, the organization has revealed strict guidelines and criteria that developers must adhere to before their meme coins would be considered eligible for support.  Avalanche Foundation […]

XRP And Dogecoin Flip Solana, Avalanche To Be Among Most Liquid Cryptocurrencies

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altcoin news, avalanche, Avalanche price, avax, Bitcoin, Doge, dogecoin, dogecoin price, dogeusdt, Ethereum, liquidity, SOL, solana, Solana price, SOLUSDT, XRP, XRP price, XRPUSDT

An analysis by blockchain analytics platform Kaiko revealed that XRP and Dogecoin (DOGE) are among the top four most liquid cryptocurrencies, only trailing Bitcoin (BTC) and Ethereum (ETH). This finding challenges the conventional wisdom that market capitalization is a wholesome metric for evaluating a cryptocurrency’s price, and thus, liquidity. XRP, Dogecoin among most liquid coins […]

Avalanche Users Shell Out Over $4M In Inscription Fees: A Five-Day Crypto Phenomenon

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avalanche, avax, AVAXUSDT, Bitcoin, btc, Inscriptons, ordinals, sats

Over the past five days, users of the Avalanche network have collectively paid more than $4 million in transaction fees. This significant expenditure is primarily attributed to creating and moving tokens and non-fungible tokens (NFTs) using inscriptions, a novel method gaining traction in the blockchain world. Inscriptions have emerged as a creative bypass on networks […]

These Cryptos Are The Best To Buy Before Christmas – AVAX, ETH, XRP, SOL, BTC

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avalanche, Bitcoin (BTC), Crypto, Crypto News, Ethereum (ETH), Ripple (XRP), solana

The majority of the biggest cryptocurrencies have recently experienced strong momentum, but investors in cryptocurrencies are still waiting for more regulatory changes. Crypto bulls think the erratic market is headed for new highs and are hopeful that more institutional investors will start embracing cryptocurrencies as a result of clearer regulations. We have selected these cryptos […]

Layer-1 Coins Like Solana Outperform Layer-2 And DeFi Tokens: Will This Continue In 2024?

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Altcoins, ARB, Arbitrum, avalanche, DeFi, Layer 2, OP Mainnet, SOL, solana, SOLUSDT, Uniswap

In the current bull run, a curious trend has emerged: layer-1 coins like Solana (SOL), Avalanche (AVAX), and Cardano (ADA) are outperforming layer-2 tokens like Arbitrum (ARB) and decentralized finance (DeFi) assets like Uniswap (UNI) and MakerDAO (MKR).  Layer-1 Tokens Like Solana Leads The Performance Chart Taking to X on December 13, Thor Hartvigsen, a […]

Did Avalanche Founder Just Label Polygon As “Unreliable” And “Non-Functional”?

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avalanche, Avalanche price, avax, AVAXUSDT, Ethereum, gaming, Matic, MATICUSDT, Polygon, Polygon price

Earlier today, on December 12, Luigi D’Onorio DeMeo, the Head of Decentralized Finance (DeFi) at Avalanche, revealed that Mirai Labs, the studio behind Pegaxy, a PvP horse racing game, has migrated from Polygon, an Ethereum sidechain, to its Avalanche subnet–a customizable blockchain secure by the mainnet. While this news is undoubtedly a positive development for Avalanche, […]

FTX Moves $36 Million In Polygon, Avalanche Tokens In Last 24 Hours

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avalanche, avax, Crypto News, FTX, Matic, Polygon

FTX Derivatives Exchange has carried out a new round of token transfers, with the latest data indicating that the defunct digital trading company traded about $36 million with Polygon (MATIC) and Avalanche (AVAX) in the last day. Spot on Chain analytics has unveiled a planned maneuver executed by FTX, whereby they directed a significant amount […]

Avalanche Joins Cosmos Via IBC, Is This Super Bullish For DeFi?

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Atom, ATOMUSDT, avalanche, Avalanche price, avax, AVAXUSDT, Cosmos

Avalanche, a high throughput blockchain using the Snow Protocol for consensus, is joining Cosmos, according to the latest Interchain Foundation (ICF) update on October 31. Interchain Foundation, the non-profit organization that stewards the Cosmos ecosystem, revealed that the Landslide Network, a platform bridging IBC-enabled platform to Avalanche, is developing a light client on Avalanche. This client […]

Avalanche Is Sunsetting SnowTrace: Big Upgrade For Developers?

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Altcoins, avalanche, Avalanche price, avax, AVAXUSDT, C-Chain, Ethereum, etherscan, SnowTrace

Avalanche, a platform claiming to have solved the blockchain trilemma of scalability, security, and decentralization, is retiring SnowTrace, a Contract Chain (C-Chain) explorer run by Etherscan, by the end of November. According to Emin Gun Sirer, the founder of Ava Labs, the team developing Avalanche, the new explorer, will be developed in-house and boast more […]

Stars Arena To Re-Open “Soon” Following $2.9 Million Exploit – Details

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avalanche, avax, Hacking, hacks, Stars Arena

Avalanche-based social media dApp, Stars Arena has announced plans to soon re-open its contract following an exploit on October 7 that drained about $2.9 million of users’ assets.  This represents the second time this week that Stars Arena’s vulnerabilities have been exploited after a hacker made away with $2,000 on October 5. Stars Arena Secures […]