Price Point Bitcoin (BTC) shot past $50,000 for the first time Tuesday to a new all-time high price. The gain took the year-to-date return to about 70%, and traders immediately began to discuss what comes next. “We’re still in...
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Another contender is joining the ring of decentralized finance (DeFi) platforms sparring to win market share from the Ethereum ecosystem. Ava Labs is launching its Avalanche blockchain next Monday, Sept. 21. The upcoming launch comes on the back of...
Avalanche blockchain developer AVA Labs has closed a $12 million private sale of its AVAX token. The funding round was co-led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures and Dragonfly Capital, and included other undisclosed individual investors. The...
Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company...
AVA Labs, the first project building on the “Avalanche protocol” blockchain network, is looking to modernize financial infrastructure. As first envisioned in a 2018 white paper by the pseudonymous “Team Rocket,” Avalanche protocol uses random network sampling to reach...
“The sky’s the limit in terms of how these subnetworks can be constructed.” That’s Emin Gün Sirer, CEO of AVA Labs and associate professor at Cornell University. Sirer is talking about his soon-to-be-launched proof-of-stake (PoS) blockchain, Ava. “ is...