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Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval
Avanti Financial Group, the crypto-focused bank, led by the Caitlin Long University of Wyoming Alumna, has taken another important step towards becoming a chartered crypto bank in the country. Caitlin Long is the founder and CEO of Avanti bank. The crypto bank has raised an angel round worth $5 million from several popular investors in cryptocurrency. The University of Wyoming Foundation led the funding round with partnerships from Malex Enterprises, Lemniscap, Antony Pompliano, Morgan Creek Digital, Blockchain Capital, Madison Paige Ventures, Gary Gigot, Digital Currency Group, Susan B. Anthony, and many others.
Ava Labs to Serve as Smart Contracts Platform for Turkish EV Maker TOGG
Ava Labs has entered into a strategic partnership with Turkish Electric Vehicle (EV) manufacturer TOGG to serve as its smart contract platform for next-generation auto cars.
World's Second Largest Bitcoin Mining Company Raises $90M in US IPO
The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).
Binance to Remove Liquidity Pools: ADA, APE, AVAX, DOT and More
Binance plan to remove several liquidity pools from its Liquid Swap platform, aiming to improve trading experience. The removal will take effect on September 1, 2023. Users with positions in these pools will automatically return their assets to their Spot wallets. However, they can redeem their assets before the removal date.
Worldcoin Faces Investigation by Germany's Regulator
The Bavarian State Office for Data Protection Supervision has initiated an investigation into the Worldcoin crypto project, a new initiative that requires users to provide iris scans in exchange for a digital ID and potentially free cryptocurrency, according to Reuters.
Snowtrace to End Etherscan-Powered Service by Nov 30
Snowtrace.io, a blockchain explorer for Avalanche C-Chain, will discontinue its Etherscan-powered explorer on November 30, 2023, due to high EaaS service costs. Users are advised to backup data and Ava Labs suggests a better solution transition.
Circle Launches Cross-Chain Transfer Protocol for USDC
Circle has released a mainnet protocol allowing users to transfer USDC between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges and aims to reduce fragmentation in the Web3 ecosystem.
Binance Integrates WBTC on Kava EVM and BONK on BNB Smart Chain
Binance completes integration of Wrapped BTC (WBTC) on Kava EVM and Bonk (BONK) on BNB Smart Chain, facilitating deposits and withdrawals.
Canaan Inc. Secures Major Order for Avalon Miner A1566 from Cipher Mining
Canaan Inc. announces significant purchase order from Cipher Mining for Avalon Miner A1566 units.
GitHub Reports Minimal Service Disruption in May 2024
GitHub reports one incident in May 2024 causing degraded performance.
OKX Ventures Invests in Avail to Enhance Rollup Unification
OKX Ventures has announced its Series A investment in Avail, aiming to solve rollup fragmentation and enhance modular blockchain scalability.
Binance Simple Earn Launches AVA Flexible Products with Up to 6% Bonus APR
Binance Simple Earn introduces AVA Flexible Products offering up to 6% Bonus Tiered APR during the promotion period.
Canaan Unveils Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024
Canaan Inc. launches the Avalon Immersion Cooling Miner A1566I at Mining Disrupt 2024, featuring enhanced efficiency and innovative design.
Tezos Introduces Jstz: Empowering Blockchain Development with JavaScript
Tezos announces Jstz, a new initiative enabling JavaScript for blockchain development. This move aims to lower entry barriers for developers.
Building Real-Time Language Translation with AssemblyAI and DeepL in JavaScript
Learn how to create a real-time language translation service using AssemblyAI and DeepL in JavaScript. Step-by-step guide for developers.
LangChain Enhances Core Tool Interfaces and Documentation
LangChain introduces key improvements to its core tool interfaces and documentation, simplifying tool integration, input handling, and error management.
Bitcoin's Blockspace Challenges for Data Availability and Rollups
Exploring the challenges Bitcoin's blockspace presents for Rollups using it as a data availability layer, focusing on costs, competition, and potential solutions.
dYdX Introduces MegaVault: A New USDC Yield Feature
dYdX announces MegaVault, a feature enabling USDC deposits for liquidity provision and yield generation, with automated market-making strategies across various markets.
Tezos Showcases JavaScript App Development on Blockchain with Jstz
Tezos Spotlight demonstrates building a JavaScript link shortener on the blockchain using Jstz, showing its potential for JS developers.
Manta Pacific Unveils MultiDA for Enhanced Modular Network Resilience
Manta Pacific introduces MultiDA, leveraging multiple data availability solutions for improved network resilience and reduced gas fees.
EigenDA Unveils New Pricing Model to Enhance Data Availability
EigenDA announces a 10x reduction in pricing and introduces a free tier, making data availability more accessible.
LangGraph.js v0.2 Enhances JavaScript Agents with Cloud and Studio Support
LangChain releases LangGraph.js v0.2 with new features for building and deploying JavaScript agents, including support for LangGraph Cloud and LangGraph Studio.
LangChain v0.3 Released With Key Upgrades for Python and JavaScript
LangChain announces the release of version 0.3, introducing significant changes and improvements for both Python and JavaScript ecosystems.
Avalanche Network Poised for Major Upgrades and Expansion in 2024
Avalanche's innovative multi-chain architecture and upcoming upgrades aim to enhance blockchain customization and scalability, supporting enterprise, DeFi, gaming, and more.
LangChain Unveils LangGraph Templates for Python and JS
LangChain has introduced LangGraph templates for Python and JS, designed for easy configuration and deployment to LangGraph Cloud.
Binance Launches AVA Flexible Products with Up to 5% Bonus APR
Binance introduces a new promotion for AVA Flexible Products, offering users a 5% Bonus-Tiered APR. The promotion runs until December 1, 2024, on a first-come, first-served basis.
Claude.ai Unveils New Analysis Tool Enhancing Data Processing Capabilities
Claude.ai introduces an advanced analysis tool enabling JavaScript code execution for data processing, offering real-time insights and enhanced data analysis capabilities for various teams.
EOS Network Unveils Spring 1.0 and Savanna: A Leap in Blockchain Consensus
The EOS Network Foundation has introduced Spring 1.0 and the Savanna consensus algorithm, promising advancements in finality, scalability, and security for the EOS blockchain.
Ava Labs to Raise New Funding Round at $5B valuation
Ava Labs, the team behind the development and management of Avalanche public blockchain, is raising a new funding round at a valuation of $5 billion, according to Bloomberg.
Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.
Binance Completes Travala.com AVA Token Swap to Ethereum ERC20
Binance has swapped and rebranded Travala.com's native token, AVA, to the Ethereum ERC20 network, allowing users to deposit and withdraw AVA tokens, now referred to as AVAOLD, potentially increasing AVA's utility and adoption rates.
Donald Trump's NFT Trading Card Collection
On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves.
Iran Court Releases Crypto Mining Equipment
In June 2022, Iran's energy usage reached 62,500 megawatts (MW). Iran currently holds 0.2% of the Bitcoin hash rate, up from 0.12%. Crypto-mining equipment confiscated to preserve energy was released by a judge.
Colombia Holds Landmark Virtual Court Trial in Metaverse
Colombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse.
Reddit Avatars on Polygon Blockchain
Reddit has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The release has generated excitement and predictions of quick sellouts, but some users have criticized the payment process.
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
Binance Announces Successful Integration of Kava EVM
Binance has completed the integration of Kava's Ethereum Virtual Machine (EVM), now supporting deposits and withdrawals for KAVA and USDT.
Stars Arena Tightens Security Following $3M Exploit
Stars Arena, an Avalanche-based Web3 social media app, is reinforcing its security measures following a $3 million exploit on October 6, 2023. The steps include the transfer of funds to a secure multisig wallet, a comprehensive security audit, and the engagement of a white hat team for rapid security review. Users have been urged not to deposit any new funds until the security overhaul is completed.
OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development
OKX Ventures has invested in Celestia Lab's Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain innovation globally.
Platypus Finance Suffers Exploit Resulting in Over $2M Loss
Platypus Finance, a DeFi protocol on the Avalanche blockchain, suffered an exploit on 12th October 2023, leading to a loss of over $2 million. The protocol had temporarily suspended all pools due to suspicious activities and is working towards resolving the issue. Blockchain security firm PeckShield Inc identified and disclosed the exploit, underscoring the need for enhanced security measures in the DeFi space.
Stars Arena Recovers Majority of Stolen Crypto
Stars Arena, a Web3 social media platform, has recovered about 90% of the 266,104 AVAX stolen in a security breach on October 7, 2023, following a settlement with the exploiter. The platform received 239,493 AVAX back, while awarding a 27,610 AVAX bounty to the individual. Post-recovery, Stars Arena is enhancing its security measures, including auditing a new smart contract to safeguard against future exploits.
Solana Foundation Offers $400k Bounty for Critical Code Discovery
Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation's endeavor to ensure robust network security.
WisdomTree Adds Polygon and Avalanche to Crypto-Basket ETPs
WisdomTree continues to expand its range of crypto-basket ETPs in Europe in response to investors' demand. The company announced adding MATIC and AVAX into two ETPs.
Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked
The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.
Avalanche (AVAX) Foundation's Innovative Criteria for Meme Coin Acquisitions
The Avalanche Foundation has established an eligibility framework for purchasing meme coins, focusing on stability, security, and community engagement. This move aims to support projects that add value to the Avalanche ecosystem.
Digital Assets Soar to $67 Billion, Avalanche (AVAL), Polygon (MATIC) and Chainlink (LINK) Gain Momentum
Digital asset investment products saw record-breaking inflows of $2.45 billion, raising total assets under management to $67 billion, with Bitcoin dominating, benefiting major players like Avalanche, Polygon and Chainlink.
Platypus Recovers 90% of Stolen Funds from Recent Exploit
Platypus DeFi protocol has recovered 90% of the funds stolen in the recent 12 October 2023 exploit, reducing the net loss to about 18,000 AVAX. The protocol acknowledged the community's support in swiftly resolving the crisis and is making arrangements for the withdrawal of liquidity providers. Amidst ongoing investigations and enhanced security measures, Platypus continues to work on a compensation plan for affected users from previous attacks.
Avalanche Launches Avaissance to Boost NFT Ecosystem
The Avalanche Foundation has announced the launch of Avaissance, an initiative aimed at supporting digital artists and growing the Avalanche NFT ecosystem. The program includes an Artist in Resident program for over 50 artists and the Mona Lisa Initiative to curate digital art and expand the collections of art-focused DAOs. In other news, Ticketmaster has announced a new feature, token-gated ticket sales, allowing artists to reward NFT holders with exclusive benefits. Popular NFT artist Patrick Amadon withdrew his work from a major auction house to protest a lack of female representation. Sony Interactive Entertainment filed a patent for a framework allowing users to transfer and utilize NFTs across multiple game platforms.
Avalanche (AVAX) Ignites Web3 Commerce with Alipay+ D-Store Voucher Initiative
Avalanche partners with Alipay+ to launch a Web3-enabled voucher program, offering discounts on milk teas across Southeast Asia, leveraging Avalanche Subnets.
Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability
Metis, an Ethereum Layer 2 network, has proposed migrating its data availability back to the Ethereum mainnet. The move aims to simplify the launch of a decentralized sequencer pool and enhance data availability. The proposal is open for community feedback and will be subject to a Snapshot vote.
OKX Reports Pperiodic Downtime Due To Alibaba Cloud Equipment Issue
Alibaba Cloud Hong Kong IDC Zone C server was unavailable on Saturday at 10 pm ET and did not recover for almost seven hours. Many investors say their transactions got stuck halfway and worry about losses. OKX said it is working with Alibaba Cloud to fix the service outage.
TrueUSD's TUSD Circulating Supply Surpasses $3 Billion Despite Prime Trust's Challenges
In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar reserves of over $3 billion, the stablecoin is gaining more recognition in the crypto markets.
Tether Launches USDT on Kava Blockchain
Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world's leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens ("USDT") on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed.
JICWEBS Blockchain Pilot Project Attracts Four Media Gurus
JICWEBS blockchain pilot project is touted to be a gamechanger in digital advertising as it will optimize transparency, productivity, and trust. This aspect has, therefore, made four media agencies, namely Havas, OMG, Zenith, and Mindshare, to join this initiative.
Chainlink Introduces SCALE Program to Drive Ecosystem Growth
Chainlink has introduced the Chainlink SCALE program to accelerate access to oracle products and services for both Layer-1 and Layer-2 protocols.
OKX and Manchester City Launch Interactive Avatar Campaign Featuring Top Players to Inspire Fans to “Play For the City”
OKX, a world-leading Web3 technology company and Training Kit Partner of Manchester City, have today kicked off a new interactive metaverse avatar campaign with the Club. The new experience at playforthecity.com gives fans the opportunity to personalise their own digital avatars in Manchester City training kits and pre-match warm-up apparel with OKX branding.
Nytro Chain Offers A Seamless Transaction Experience For The Avalanche Network With Its Built-in Multi Payment Function
Nytro Chain is designed for high-volume transactions and has a built-in multi-payment function that allows senders to send digital assets to multiple wallet addresses
Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability
Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Spheroid to Launch AI Avatars in Augmented Reality
Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.
Avalanche Received $230M Funding with its Token AVAX Hitting a Record High of $68.89
On September 16, the Avalanche Foundation received a $230 million investment from a group led by Polychain and Three Arrows Capital. The price of AVAX soared to a record high of $68.89 today
Avalanche Foundation Announces $4m Incentive Program for Trading Platform GMX
Avalanche Foundation has announced it will grant a $4 million incentive in AVAX tokens for the growth of the decentralized trading platform GMX.
Avalanche Foundation Unveils its $200M Ecosystem Fund
The Avalanche Foundation has unveiled its plans to fuel the growth of its ecosystem through Blizzard, a $200 million fund secured from its partners.
Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund
One of Asia’s biggest Venture Capital firms, Chiron Partners, has launched a $50m ecosystem fund christened the Chiron Terra Fund I aimed at supporting innovative projects that are emerging from the Terra blockchain ecosystem.
Payments Firm Wirex Integrates Avalanche Blockchain into Ecosystem for 4.5M Users
Regulated digital payments platform, Wirex, has integrated the Avalanche Blockchain into its network as it continues on its planned growth trajectory.
Crypto Watchlist: Biggest Losers This Week (AVAX, MATIC, KCS)
With most coins trading in the negative, here is a look into the three coins with the biggest weekly losses.
Top 3 Coins to Watch this Week: BTC, AVAX and MATIC
Amid a dramatic twist and turns that we may witness this week, here is a highlight of the top three coins to look out for this week.
Bitcoiner to Conduct Robotic Search for 8,000 BTC Lost in Landfill
James Howells, a Bitcoiner that mistakenly threw away a hard drive containing 8,000 Bitcoin units he mined back in 2009, has reportedly put up a highly specialized team to help dig up in the landfill.
GRT, BTT, AVAX Prices Gain Over 150% As Best Cryptocurrency Gainers For The Week
This article takes a look at the top cryptocurrency gainers for the week - The Graph Token (GRT), BitTorent (BTT) and Avalance (AVAX).
Top Three Altcoins to Watch This Week: DOT, AVAX, and MANA
With a mildly volatile weekend done with, investors are looking forward to another new week in hopes of charting a positive trade history across all markets. Here are three altcoins to watch ahead of the new week.
Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury.
Publicly Traded Voyager Digital to Add Support for Avalanche Token
The Avalanche public blockchain network has continued to expand its ecosystem reach as a publicly-traded digital currency brokerage firm, Voyager Digital has announced it will be adding support for the AVAX coin.
Mastercard Onboards Ava Labs as Part of Start Path Crypto Program
American payment services firm Mastercard has onboarded Avalanche blockchain creator Ava Labs as part of its Start Path Crypto Program.
Caitlin Long's Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021
The Avanti Financial Group has recently become the second cryptocurrency company to get a banking license in the United States.
KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain
KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.
Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023
USD coin issuer and digital financial technology firm, Circle, is now set to expand its Euro Coin and its cross-chain transfer protocol to the Solana ecosystem in the first half of 2023.
Russia’s Detained Opposition Leader Alexei Navalny receives $120,000 in Bitcoin Donations as Protests Rage in Moscow
Russian’s are using Bitcoin to support detained political opposition leader Alexei Navalny who was recently arrested on Jan. 17 as thousands protest in Moscow for his release.
Binance Denies Sharing Users Data with Russian Intelligence Agencies
Binance exchange has denied allegations by Reuters that a Russian subsidiary has close ties to the country’s financial regulator called Rosfinmonitoring by agreeing with sharing users' data.
Bitfinex, Ava Labs raise $10M for DeFi technology amid market turmoil
Onomy, a Cosmos-based ecosystem, raised millions for its innovative protocol. The project mixes decentralized finance and FX to put it on-chain. Industry forecasts predict another challenging year while keeping investors interested.
Valkyrie Investments Floats New AVAX Dedicated Trust
Valkyrie Digital Assets has launched a new Trust dedicated to granting investors exposure to Avalanche blockchain and underlying cryptocurrency respectively.
Thai Energy Billionaire Sarath Ratanavadi Boosts Investment in Crypto
Thailand’s second-richest billionaire, Sarath Ratanavadi, has said he’s increasing investments in the blockchain ecosystem, despite the crypto industry’s bitter winter.
DeFi Growth Outlook for 2021: From $18.71B to $258.58B
According to data from DeFiLlama, the DeFi ecosystem, encompassing the top blockchain networks saw a massive growth surge from $18.71 billion in Total Value Locked (TVL) as of Jan 1, 2021, to $258.58 billion it is pegged at as of today.
Reddit Launches New NFT Avatar Marketplace
Reddit has partnered with Polygon blockchain to enable the launch of the new NTF marketplace. The popular social media platform is capitalizing on NFTs to propel its growth.
NVIDIA Doubles Down Investing in Metaverse by Launching New Developer Tools
American technology giant NVIDIA is doubling down on its bet on the metaverse and is empowering creators with the launch of a new set of advanced tools.
Online Travel Agencies Booking.com and Travala.com Enters Into Strategic Partnership for Mass Adoption of Crypto
Travala.com, a crypto-friendly travel platform founded in 2017 and Booking.com, an online travel agency established in 1996 have signed a strategic partnership deal that is aimed at encouraging the mass adoption of cryptocurrency.
Bitcoin Recovers from Plunge Triggered by Confirmation Hearing for SEC Chair Nominee Gary Gensler
Bitcoin (BTC) dipped after Gary Gensler said that it was a challenge for the SEC to keep cryptocurrency markets free of fraud.
Startup Secret Santa – Bridging Startups, Mentors, VCs and Industry Experts
This Christmas, fintech, blockchain, and social impact startups have an opportunity to spur new growth, new thinking and new innovation for the year ahead with the help of free mentorship from experts and investors representing a wide range of relevant fields, including finance, business development, law, and R&D. Startup Secret Santa will pair 20 mentors with 20 chosen startups for two transformative days of pitching, discussion, and networking.