Ad Avalanche chains X and C experienced brief outages and a period of degraded performance on March 23, as the result of a bug in the network’s 1.9.12 version. Avalanche’s C-chain experienced an hour-long outage and was unable to produce any blocks during that time, according to data from AVAScan. Block production stopped at 07:25…
Ava Labs Inc., the lead developer behind the Avalanche (AVAX) blockchain, is looking to raise $350 million in a funding round at a $5.25 billion valuation, Bloomberg News reported, citing people familiar with the ongoing discussions. If closed, the deal would make Ava Labs one of the world’s most valuable crypto projects. Avalanche is an…
As Bitcoin (BTC) wavers around $41,000, Tether is indicating big moves may be coming for crypto in general. According to data from analysts Santiment, Thursday and Saturday had the two largest days of 2022, in terms of addresses interacting on the network, with 83,000 and 74,000 addresses interacting with the network respectively. Keep an eye…
Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap. After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software–leveraging a simple solution for moving liquidity across different chains. The core of the Symbiosis…
Bitcoin and the rest of the crypto markets are continuing to struggle, with the bitcoin price trading down from the weekly high of $44,274 on Wednesday last week, down below the psychological $40,000 level at $36,629, as per data from Goingecko. At the moment of writing, BTC price is hanging just below $39,000, up 3.3%…
Despite increased political tensions surrounding the Russia-Ukraine crisis, crypto investment products recorded its fifth consecutive week of inflows, according to the latest report by institutional crypto fund manager CoinShares. The report, which analyzes weekly flows into digital asset funds, revealed Avalanche as the second biggest performer in the week ending February 21, with inflows totaling…
Onomy Protocol is proceeding with its plan of converging Forex and DeFi markets, announcing a collaboration with NEAR and Aurora. Through the use of stablecoins, Onomy plans to empower institutions to onboard their fiat exchange operations on-chain and, further down the adoption line, serve as the world’s decentralized reserve bank. In line with this ambitious…
DeFi index platform Pollen recently announced its PLN token IDO on Roco Finance launchpad. Roco Finance is a decentralized GameFi platform built on Avalanche, which, besides providing blockchain services to game developers, content creators and player communities, also mediates with the RocoStarter IGO platform to promote up-and-coming projects at the seed and incubation stage. RocoStarter’s…
James Wo founded Digital Finance Group (DFG) in 2015. The firm is self-funded by James and currently it has assets under management of over $1 billion. DFG focused on blockchain equity and token investment– with a portfolio that ranges from Layer 1, Layer 2, Web3, CeFi, DeFi, NFTs, and beyond. DFG is among the first…
Polkadot smart contract parachain Moonbeam recently announced the native integration of Chainlink Price Feeds on Moonriver, marking a pivotal moment for projects building in the Kusama ecosystem. Moonriver is a layer 1 Ethereum-compatible parachain connected to Kusama, and a permanently incentivized canary network of Moonbeam. Following the news that Chainlink Price Feeds officially went live…