Avalanche Financial News

12.10 / 20:27

Blockchain Ethereum defi Hackers hacks Social Media avalanche Onchain Stars Arena recovers 90% of exploited funds after onchain negotiations

Social media app Stars Arena has recovered approximately 90% of the funds it lost after being exploited, according to an October 11 announcement from the team on X (formerly Twitter). The recovery occurred after four days of on-chain negotiations, blockchain data shows. The attacker was allowed to keep slightly more than 10% of the funds as a “white hat” bounty.

12.10 / 07:35

avalanche Hacker Friend.tech Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty

On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker.

08.10 / 10:31

Hack avalanche Stars Arena Backed Avalanche-Backed Stars Arena Faces $3 Million Security Breach

Stars Arena, a social platform supported by Avalanche's Contract Chain, has fallen victim to a significant security breach.

08.10 / 01:55

Blockchain Hackers hacks Social Media avalanche Stars Arena Exploit audit Stars Arena secures funds to plug $3M exploit, set to reopen after security audit

Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred.

06.10 / 20:01

avalanche AVAX Price Prediction Friend.tech Chain Activity Avalanche price Avalanche Price Prediction as AVAX Pumps Another 5.5% on SocialFi Hype and Rising On-Chain Activity

AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype.

06.10 / 05:47

business Blockchain hacks Social Media avalanche Stars Arena vulnerability SocialFi app Stars Arena dispels ‘coordinated FUD' after patching ‘noob’ vulnerability

The team behind the new friend.tech-inspired protocol Stars Arena has dismissed what it called “coordinated FUD” after patching an exploit that saw attackers escape with $2,000 from the Avalanche-based decentralized social media platform.

05.10 / 18:59

Blockchain Ethereum Adoption hacks Social Media avalanche Stars Arena Exploit Friend.tech copycat Stars Arena patches exploit after some funds drained

The Stars Arena Web3 social media app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports.

05.10 / 06:39

Blockchain Social Media Altcoin Decentralization avalanche Stars Arena Friend Friend.tech clone Stars Arena drives surge of activity on Avalanche

Decentralized social media (DeSo) application Stars Arena has caused a major uptick in activity on Avalanche’s C-Chain network.

04.10 / 21:11

cryptocurrency Ripple XRP SEC avalanche gala Best Crypto to Buy Now October 4 – Trust Wallet, Avalanche, GALA

Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3.

14.09 / 02:19

business Adoption SEC economy Gaming avalanche Shrapnel Web3 shooter won't let US users cash out, thanks to Gensler

The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator.

11.09 / 04:25

Blockchain transactions avalanche Ava Labs Testnet Avalanche's HyperSDK blockchain upgrade hits 143K TPS on testnet

Smart contract layer-1 blockchain network Avalanche's testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade.

07.09 / 10:27

Adoption NFT avalanche Ava Labs Marketing company wants 90% of Japanese population on Web3: KBW 2023

Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain.

29.08 / 22:57

Crypto Trading avalanche meme coins Algorand Artificial Intelligence network Best Crypto to Buy Now August 29 – XDC Network, Avalanche, Algorand

Bitcoin jumped to a two-week high on Tuesday, August 29, after digital asset manager Grayscale won a lawsuit against the U.S. Securities and Exchange Commission (SEC).

08.08 / 17:11

Blockchain Ethereum Stablecoin Adoption defi Polygon avalanche USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

USD Coin (USDC) issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to create customized wallets specifically for their users. It will be available initially on Ethereum, Avalanche and Polygon.

25.07 / 17:33

Blockchain Adoption Tokens avalanche Avalanche Foundation allocates $50M investment to on-chain asset token purchases

The Avalanche Foundation announced the launch of “Avalanche Vista,” a $50 million initiative to spur tokenization on the Avalanche blockchain, on July 25.

18.07 / 01:49

business Blockchain Adoption Polygon Banks avalanche swift Cross-Chain TradFi Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.

06.07 / 05:07

business Adoption Binance coinbase Gemini data avalanche Binance, Coinbase and Gemini staff are among the least happy, data suggests

Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed.

24.05 / 14:05

defi avalanche interest rate DeFi protocol Voltz launches SOFR swaps on Avalanche

Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy.

02.05 / 11:45

Law regulation Court avalanche Ava Labs Ava Labs founder awarded $3M in crypto defamation suit

Ava Labs founder and CEO Emin Gün Sirer has reportedly won a defamation suit against a crypto influencer, awarding him $3 million in damages.

26.04 / 14:29

Blockchain Ethereum defi Tokens Circle avalanche Usd Coin Cross-Chain Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges.

12.04 / 20:09

Blockchain Adoption defi regulation Forex avalanche KYC testing T. Rowe Price T. Rowe Price, WisdomTree join Avalanche subnet for forex testing

Financial market firms T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland have joined an Avalanche (AVAX) subnet to test the idea of blockchain-based foreign exchange, according to an announcement from the Avalanche team. The new subnet is called “Spruce,” and is part of Avalanche’s Evergreen Subnet ecosystem.

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