Tag: Avalanche
Do Kwon’s now-defunct “Luna Foundation Guard” sells $52 million worth of AVAX tokens to the Avalanche Foundation
After more than two years, the Avalanche Foundation is ending its involvement with the defunct blockchain Terra. The foundation has completed repurchasing tokens from the Luna Foundation Guard, an entity…
Stripe will assist Avalanche in growing the ecosystem’s user base and funding
Avalanche revealed that it has partnered with fintech Stripe to simplify the process for customers to put money to their wallets and buy digital assets. According to the company’s announcement,…
Avalanche Launches Memecoin Rush: $1 Million Incentive Program for Liquidity Providers
Avalanche Pushes Forward with Memecoin Support In a move to bolster the meme coin ecosystem within its network, the Avalanche Foundation has introduced Memecoin Rush, an incentive initiative aimed at…
Avalanche Partners with Alipay for Web3 Voucher Program
A new collaboration between Avalanche, a smart contracts platform, and the digital payments giant Alipay is set to introduce a groundbreaking Web3-enabled voucher program. Through this initiative, users participating in…
Avalanche Network Faces Block Finalization Stall, Resolved After Six Hours
In a recent incident report, Avalanche has acknowledged a block finalization stall, temporarily preventing the acceptance of blocks on its primary network. The disruption was flagged as developers promptly initiated…
Unlocking Financial Innovations: Citibank Explores Tokenizing Private Equity Funds on Avalanche Blockchain
In a pioneering move, Citibank has initiated a strategic exploration into the realm of tokenization, utilizing Avalanche’s Spruce Subnet to delve into the tokenization of private equity funds. This groundbreaking…
Ava Labs Propels Avalanche to New Heights with Vryx Upgrade for 100k TPS
Ava Labs is poised to revolutionize the Avalanche (AVAX) blockchain with its latest upgrade, Vryx, aiming to achieve an unprecedented 100,000 transactions per second (TPS). The company shared a glimpse…
Avalanche rise fueled by the popularity of GameFi could potentially lead to more gains in the new year
This week, the price of AVAX reached a local high of $46.43, and it is presently trading at $40.96 at the time of writing. The weekly chart showed an imbalance…
Avalanche Foundation to spend $50m for asset tokenization
Avalanche Foundation which maintains the Avalanche blockchain network recently announced that it will be spending $50 million to purchase tokenized assets that are minted on its network. Making the announcement…