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Millions of dollars in capital are leaving the Avalanche (AVAX) ecosystem amid a major network outage on February 23. At the time of writing, the Avalanche network is still down and is not producing any new blocks. Notably, DavyCrypto was one of the first accounts to notice and report the issue on X at 13:50 (UTC). Davy mentioned “another major chain” in reference to Solana’s (SOL) major outages, which have become common in the past few years. ️#Avalanche is down️ Another major chain going down. pic.twitter.com/0JfU9YfaBq — DavyCrypto (@Davyegld) February 23, 2024 The Avalanche official account has not posted or shared any information about this major network outage by press time. However, the website Avalanche Status is sharing updates to what it has called a “Block Finalization Stall” issue. Picked for you Dogecoin competitor threatens 100% bullish breakout 2 hours ago Early backers fund Flare, reducing liquidity and fueling increased investment in t...

Available data and expert submissions show Grayscale’s Bitcoin Trusts (GBTC) outflows are trending down, suggesting that the dumping spree may soon end. Although the outflow number is still considerably large, a rebound looks to be on the horizon for $BTC prices, and investors’ confidence is gradually returning. Galaxy Fox holders also expect a significant rally from the meme coin post-presale. The meme coin has performed impressively in its ICO phase, and observers expect more in its retail phase.  Galaxy Fox sets for retail exchange debut  Galaxy Fox is a new token on the rise. The multi-utility token aims to dominate the crypto space and yield profit for investors while at it. Galaxy Fox will be a beneficial currency in web3 space. It will play vital roles on numerous web3 platforms while overseeing everything in its ecosystem. The purchase-worthy meme coin has shown a glimpse of its profitability on presale, and many expect it to k...

As the major ity of assets in the cryptocurrency sector are back to trading in the green, Dogecoin (DOGE) is facing a major obstacle to bullish continuation, but if it manages to overcome it, the famous dog-themed meme digital asset might double its price . Specifically, this major hurdle for Dogecoin currently stands at $0.087, marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week exponential moving averages (EMAs), as observed by the crypto analyst Ali Martinez on November 28. According to the renowned crypto trading expert, the ninth-largest cryptocurrency by market capitalization “breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14,” as illustrated in the chart pattern analysis. Dogecoin price action analysis. Source: Ali Martinez Meanwhile, Dogecoin has recently also recorded a massive milestone of 5 million DOGE addresses with a balance, coinciding with a remarkable surge in ...

Since 2022, Swan Bitcoin CEO Cory Klippsten has been alleging criminal conduct by Ripple executives. Last week, Ripple announced its acquisition of Swan Bitcoin ’s major custodian , Fortress Trust. Whoops. A few months ago, Swan Bitcoin transitioned from Prime Trust to Fortress Trust and BitGo. Prime Trust is in bankruptcy proceedings. Fortress Trust also allegedly lost funds from its hot wallets in another security incident. Ripple is allegedly making harmed Fortress customers whole as part of its acquisition. Swan Bitcoin claims that although Fortress lost funds in a security incident, that incident did not involve Swan Bitcoin’s customers. It claims, “Swan client coins are in insured cold wallets at BitGo and did not move during the reported incident at Fortress. The coins are protected by video calls and physical access, and are not subject to any incidents at Fortress.” Moreover, Klippsten claims that Lloyd’s of London underwrote insurance of up to $250 million per bitco...

Join Our Telegram channel to stay up to date on breaking news coverage The new hottest meme coin in the market, Pepe token (PEPE), has recently seen trading volumes surging significantly. The volumes have surpassed those of the leading cryptocurrencies with high market capitalizations. The native token for the BNB chain, BNB, and Ripple’s XRP, has been overtaken by PEPE in trading volumes. PEPE surpasses major cryptocurrencies by trading volumes The price of the PEPE crypto currency has increased by over 3,000% in the last three weeks. An anonymous crypto currency influencer posted a tweet highlighting the increased trading volumes on the platform. If you remove the stables $PEPE is still #3 in daily volume at 2.37 billion behind #Bitcoin and #Ethereum $XRP is #4 with .71 billion pic.twitter.com/DSLqwbhFtG — Big Dawg (@thecryptodawg) May 7, 2023 The trading volumes reported by PEPE in the last 24 hours have reached $1.15 billion. It has surpassed the trading...

NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application. Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans. Speaking to Cointelegraph, intellectual property lawyer Michael Kondoudis said while many people may think big corporations are just jumping onto the NFT trend as a novelty, “it is not possible” to register a trademark in the United States with no intention to use it. Despite a relatively low cost for filing an application — ranging from $250 to $350 per class of goods/services — Kondoudis explained when a company submits a trademark application, it requires a sworn statement that the applicant has a “bona fide” intent to use the mark in the future for the listed products and services. He noted, however, that these applications “undergo substantive review” and may be reje...