Co-founder of Avalanche blockchain, Emin Gün Sirer, has raised an alert on the infiltration of certain layer-2 solutions, which poses risks to investors. In an X post on March 23, the Ava Labs boss expressed concerns over these “trash” projects while educating users on several of their common characteristics. Hey y’all, We all ignored the […]
Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche | Bitcoinist.com
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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 […]
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 […]
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 […]
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 […]
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 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, 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, 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 […]
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 […]