Contrary to the current downturn in the crypto market, Harold Bossé, Vice President and New Product Development and Innovation at MasterCard, is bullish on the prospects of the industry. He said mass adoption of digital assets and blockchain technology is imminent under certain conditions. Millions of People Already Using Digital Assets Bossé expressed these thoughts...Read More
The collapse of Terra’s ecosystem – more specifically, the depeg of UST and the subsequent crash of LUNA – are undoubtedly crypto’s hottest story in 2022 and perhaps even beyond. Speaking on the matter was the founder of Avalanche – Emin Gun Sirer. He noted how Terra’s previous growth affected other blockchains and what its...Read More
New York-based blockchain company, Ava Labs, which leads the development of the Avalanche network, is reportedly raising $350 million at a $5.25 billion valuation. The latest talks about capital infusion come amidst the market threatening lower price levels demonstrating a modest volume of profit-taking by investors. As per Bloomberg’s sources, the new valuation would make...Read More
After purchasing over $1 billion worth of bitcoin in weeks, Terra has turned its sights to other cryptocurrencies. Both Terraform Labs and the Luna Foundation Guard announced plans to execute in total two token swaps worth $200 million with Avalanche. CryptoPotato reported the frequent BTC purchases from Terra, as the team wants to build up...Read More
Crypto ETP issuer ETC Group has announced the launch of three crypto exchange-traded products tracking the performance of Avalanche, Cosmos, and Polygon. New Crypto Investment Vehicles According to a report by ETF Stream, the latest investment vehicles – ETC Group Physical Avalanche ETP (AVAL), the ETC Group Physical Cosmos ETP (ATME), and the ETC Group...Read More
Web 3 and blockchain infrastructure provider Coinbase Cloud has announced the launch of a suite of blockchain solutions and services for the growing Avalanche ecosystem. Coinbase Cloud revealed running a public validator on Avalanche that enables delegators to stake their AVAX tokens. They contribute to the growth and security of the network by verifying transactions,...Read More
Coinbase Cloud provides web3 APIs, services, and infrastructure to power the next generation of software builders. As part of our vision to empower developers building the future of web3, we are launching a suite of blockchain infrastructure solutions and services for the growing Avalanche ecosystem. Avalanche is a high-speed smart contract platform with near-instant finality...Read More
The Avalanche Foundation recently announced “Multiverse” – an up to $290 million (about 4 million AVAX) incentive program to help develop subnets on its network. According to a Medium blog post, the initiative will begin by supporting subnets dedicated to blockchain gaming, DeFi, NFTs, and institutional use-cases. One of the projects will focus on making...Read More
Ramani Ramachandran, co-founder and chief executive of Router Protocol, believes that the integration will help advance the mission of achieving a multi-blockchain future. Router Protocol – Avalanche Singapore-headquartered Router Protocol has integrated Avalanche network’s C-Chain to its cross-chain messaging protocol. According to the official press release shared with CryptoPotato, the development will enable users to...Read More
Continuing with its push for “the best deals across the blockchain space,” the 1inch Network has announced the deployment of its latest aggregation and limit-order protocols on Avalanche and Gnosis Chain. Conquest of the DeFi The DEX aggregator termed the new partnerships a continuation of its conquest of the DeFi space. In a press release...Read More
Crypto Metaverse coins continue to see significant price gains this year. Today’s biggest gainer is Avaxtars Token, up over 117%, currently trading at $13.84. Let’s look at Avaxtars (AVXT) and see what all the hype is about. What Is Avaxtars Token (AVXT)? Launched in October 2021, AVXT is the native currency to the play-to-earn Metaverse...Read More
The global investment manager – VanEck – expanded its cryptocurrency offerings by adding two new Exchange-Traded Notes (ETNs) tracking the performance of Avalanche and Polygon. The company has already launched such products on Bitcoin, Ethereum, Polkadot, Solana, and Tron. Avalanche And Polygon ETNs Joined The List The global investment management company – VanEck – disclosed...Read More
Digital payments company Circle has announced the launch of its stablecoin USDC on Avalanche. The main objective behind the stablecoin’s deployment is to enable developers and communities to engage with eco-friendly platforms and accelerate decentralized finance (DeFi) adoption. USDC Now Available on Avalanche According to the official blog post, users will now be able to...Read More
Today, one of the top-performing cryptocurrencies is AVAX, with Avalanche price rising over 15% in the past 24 hours after adding USDC to its platform. In an announcement published today on Coindesk, Ava Labs President John Wu said: “Going forward, this partnership allows native USDC to be minted and printed right on Avalanche, which will...Read More
Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network. USDT Now Available on Avalanche With USDT launching on Avalanche, users can now transfer the largest stablecoin by market capitalization at a relatively lower cost, and the transactions...Read More
BENQI, an algorithmic liquidity market protocol on the Avalanche blockchain network, has announced Monday the launch of a $4 million second phase of its ongoing Avalanche Rush incentive program. According to a press release shared with CryptoPotato, the second phase of the initiative will last for 45 days. $180M Incentive Program on Avalanche The Avalanche...Read More
On December 20, BCHD and Openbazaar developer Tyler Smith published first draft specifications for a protocol he calls “Snowglobe.” Smith’s Github repository says that Snowglobe is a propagation protocol for nodes using Nakamoto Consensus and it uses an Avalanche-based consensus algorithm for the process. Also read: BCH Avalanche Transactions Show Finality Speeds 10x Faster Than...Read More
