Avalanche (AVAX) defies the broader crypto market sell-off, hitting a solid run of form in which it briefly touched $150 on Binance, a new all-time high. Source: AVAXUSDT on TradingView.com However, profit-taking saw AVAX give up most of those gains, closing Monday’s daily candle at $135. Nonetheless, the Ethereum-rival still entered the top ten by…
Crypto billionaire Su Zhu took to Twitter yesterday to criticize Ethereum, the world’s second-largest blockchain by market cap, setting off controversy in crypto circles and its appeal for investors and developers alike. Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past….
Avalanche reached its all-time high on Thursday, jumping almost 30% in less than 24 hours. And while surges like this aren’t uncommon among high market-cap cryptocurrencies, Avalanche’s rally is unique as the token defied the overall market downfall. Strong on-chain activity and ambitious partnerships are behind Avalanche’s rally Launched in September 2020, Avalanche has had…
Tether tokens (USDt) are now available on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business, as per a release shared with CryptoSlate. Avalanche is designed as a highly scalable ecosystem, with the aim of delivering near-instant transaction finality while levying low transaction fees. It is compatible with Ethereum…
Ampleforth development firm Fragments Inc. announced today the completion of Avalanche’s integration with the Ampleforth protocol to bring AMPL, the Ethereum-born decentralized unit of account for denominating stable contracts, over to the sixth-largest blockchain in the world. Since August, the decentralized finance stack on Avalanche’s Layer 1 blockchain has grown to become one of the…
Another decentralized finance (DeFi) protocol on Avalanche (AVAX) chain, Vee Finance, has fallen victim to an attack, merely a week after Zabu Finance got hit. The lending protocol platform has confirmed the exploit on Twitter, which counts as the second major attack in the Avalanche ecosystem. $35 million gone “Our platform may have been exploited….
Crypto traders were in for a tough Monday morning as they woke up to double-digit percentage losses across the market. Large-cap altcoins like Solana, XRP, and Cardano shedded millions of dollars from their respective market caps, while Bitcoin and Ethereum lost 6% and 7% at press time respectively. As per data from CryptoSlate, Solana traded…
High-speed blockchain Avalanche jumped to highs of $68.30 today after several influential crypto investors revealed the close of a private funding round involving $230 million worth of AVAX tokens in June, CryptoSlate learned in a release. The Avalanche Foundation, a non-profit that oversees the development of the Avalanche blockchain, disclosed participants in the multimillion-dollar funding…
Bitcoin pumped above $50,000 last night as the broader crypto market regained a $2 trillion valuation, data from multiple sources showed. Such figures were last seen in May earlier this year before a brief two-month correction across the market. Some altcoins even fell as much as -85% from their May highs, but have since crept…
Both Bitcoin and Ethereum have seen large retracements since their recent highs of $42,000 and $1,350, respectively. BTC currently trades for $35,000 while ETH has settled in the $1,075 range. Some cryptocurrencies have been largely unfazed by this drop, though. One such coin is Avalanche (AVAX). The cryptocurrency has gained 130 percent in the past…