Category: Avalanche

Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot

The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch, leaving users without control of their funds for this period. […]

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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

press release PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP […]

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Mapping out Avalanche’s ecosystem

Mapping out Avalanche’s ecosystem

Quick Take Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem This research […]

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Bitcoin for Corporations- Michael Saylor Expects an ‘Avalanche’ of Firms to Own Bitcoin

Bitcoin for Corporations- Michael Saylor Expects an ‘Avalanche’ of Firms to Own Bitcoin

This week the firm Microstrategy held an event called “Bitcoin for Corporations” which looks at concepts like macro strategy, corporate playbooks, and legal considerations toward bitcoin. Prior to the event, Microstrategy CEO and bitcoin bull, Michael Saylor, said “professionals from more than 1,400 firms” would join the event. At the conference, Saylor was bullish on […]

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A litigation financing investment token has launched on Avalanche’s blockchain

A litigation financing investment token has launched on Avalanche’s blockchain

The Avalanche blockchain is hosting a new kind of token designed to allow retail investors to invest in the outcome of lawsuits. The so-called ‘Initial Litigation Offering’ is the brainchild of Avalanche creator Ava Labs, US law-firm Roche Cyrulnik Freedman LLP and Republic Advisory Services, a consultancy. Many individuals lack the funds to pursue legal […]

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Roughly $12 billion is allocated to the top 10 largest staking networks staking value

Roughly $12 billion is allocated to the top 10 largest staking networks staking value

Quick Take The top 10 staking networks by value participating in staking include Polkadot, Cardano, Tezos, EOS, Algorand, Cosmos, Avalanche, Tron, Band Protocol, and Synthetix There is roughly $12 billion in aggregate, taking part in staking on the top 10 largest staking networks by staking value This research piece is available to members of The […]

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Avalanche, the latest staking network to launch, already has more than $1 billion staked

Avalanche, the latest staking network to launch, already has more than $1 billion staked

Quick Take Avalanche (AVAX) is the latest proof-of-stake network to come to the marketplace, officially launching last Monday. The networks C-Chain was made EVM-compatible in order to attract Ethereum developers, allowing them to switch over with little friction. The recently launched PoS blockchain has roughly 234 million AVAX or slightly more than $1 billion staked […]

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