Avalanche Foundation has raised $250 million through a private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. AVAX prices gained nearly 9% after the announcement to trade at $52.80.

Layer 1 blockchain project Avalanche has successfully raised $250 million through a locked token sale. This signals strong support from prominent investors such as Galaxy Digital, Dragonfly, and ParaFi Capital.

The locked-token sale saw participation from more than 40 companies.

Avalanche secured $250 million from a fundraising round led by Dragonfly, ParaFi Capital, and Galaxy Digital.

The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participants, including leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital.

The Avalanche Foundation raised $250 million fundraising, with funds aimed at enhancing its platform's scalability and efficiency.

The sale follows shortly after the Avalanche9000 upgrade went live in a testnet environment.

More than 40 venture capital firms pitched in to help Avalanche Foundation raise $250 million ahead of its major "9,000" network upgrade.

The investment will support the Avalanche9000 upgrade, currently in testnet, designed to reduce blockchain deployment and transaction costs.

The Avalanche Foundation secured $250 million from investors like Galaxy Digital and Dragonfly to foster strategic partnerships.

Avalanche's funding boost signals growing confidence in blockchain scalability and multi-chain solutions, potentially reshaping crypto dynamics. The post Avalanche secures $250M in funding round led by Galaxy Digital, Dragonfly, and ParaFi Capital appeared first on Crypto Briefing.

Uplink is a decentralized internet connectivity platform, allowing users to share their existing internet and incentivizing new internet deployment in under connected areas.

Ethereum rival Avalanche has $3 billion in capital in its treasury but that isn't stopping the blockchain platform from fundraising amid recent crypto euphoria.

As the price of Bitcoin stays above the $100k mark, the crypto market has displayed a strong bullish recovery over the last 24 hours. Moreover, the AVAX price has outperformed top crypto tokens with a double-digit rally during this period.

Avalanche (AVAX), a decentralized Layer-1 (L1) blockchain, and Sports Illustrated Tickets, a primary and secondary ticketing marketplace, have partnered up to make Sports Illustrated Stadium the first sports venue to utilize blockchain-based ticketing for all events, as highlighted in the most recent reports shared with Finbold on Thursday, December 12.

Haun Ventures and Dragonfly Capital have co-led a $9 million funding round for Commonware, a startup building "state-of-the-art" tools.

Bitcoin's rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

According to software developer Patrick O'Grady, Commonware raised $9 million from venture capital firms Haun Ventures and Dragonfly.

The market intelligence platform IntoTheBlock has explained why Litecoin (LTC) isn't an asset to be overlooked based on its on-chain metrics. Litecoin Has Continued To Witness Significant Activity Recently In a new post on X, IntoTheBlock has discussed what the various key on-chain indicators have been like for the Litecoin network recently.

Bitcoin (BTC) continues to soar, surpassing the $100,000 mark for the first time, the altcoin market is also gaining serious traction. After a substantial rally in recent weeks, the total altcoin market cap has surged by more than 80% in the past five weeks, reaching $1.57 trillion by early December 9, with further growth anticipated.

Early Bitcoin mined by Satoshi Nakamoto could become vulnerable to quantum computing, says Avalanche's Emin Gün Sirer, who is urging to consider freezing these coins. Emin Gün Sirer, the founder of Avalanche (AVAX), sparked debate in a Dec.

Toncoin's recent price drop has shaken investor confidence, marking a notable downturn for the native token of The Open Network. Meanwhile, AVAX is experiencing a price surge, though its recent gains face critical resistance levels that could impact momentum.

Avalanche cools down at $40 after the daily candle erases 14-day gains. A transaction volume spike hints at a possible rebound.

Litecoin's daily usage metrics have surpassed several other prominent networks.

This method lets you donate, stake, and earn rewards for charities in a way that benefits everyone. Here's how it works: When you donate AVAX to a special charitable account called a Donor-Advised Fund (DAF).

Ava Labs founder and CEO Emin Gün Sirer proposed freezing Satoshi Nakamoto's estimated 1.1 million BTC. He cited potential vulnerabilities in early wallet cryptography.

Bitcoin (BTC) continues to correct below its $100,000 milestone. As of Dec. 19, the top cryptocurrency was down approximately 7.50% from its record high of $103,620 (data from Bitstamp), trading for around $95,950.

The rise of quantum computing could challenge cryptocurrency security, potentially reshaping financial systems and investment strategies. The post Satoshi's Bitcoin holdings at risk as quantum computing advances, says Ava Labs co-founder appeared first on Crypto Briefing.

Bitcoin's failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?

AVAX could rebound at $50 and offer short-term gains, thanks to a liquidity set-up.

Bitcoin, XRP, and Litecoin have reached their initial resistance levels after breaking out of bullish patterns and are now consolidating at these levels while seeking the next direction.

Bitcoin (BTC) dipped below the $100,000 level earlier today as its price continues to consolidate while facing resistance around the $101,000 mark. The price had risen to $101,267 early during trading but fell considerably to a low of $99,113 before marginally recovering to settle at its current level.

PEPE hit a new all-time high of $0.000027 on December 8, crossing the $11 billion market cap milestone for the first time. Analysts are now predicting the crypto will continue leading the memecoin market, staying ahead of popular coins DOGE, SHIB, UNI and LTC.

As Bitcoin (BTC) price registered a weekly close above $100,000 for the first time since its inception, the altcoin industry is gradually gaining bullish momentum. The total altcoin market cap has rallied more than 80 percent in the last five weeks to hover about $1.57 trillion on Monday, December 9, during the earlier Asian session.

The cryptocurrency market has been full of volatility in recent months, but some coins are beginning to show promising signs of recovery and growth. One such coin is Litecoin (LTC), which has recently shown bullish patterns against Bitcoin (BTC).

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The price of Avalanche (AVAX) has continued to rise after a recent downtrend. The bullish momentum peaked at $55 and started to falter below the recent high.

Avalanche [AVAX] could be set for a major upward move, but its path depends on several critical factors.

PEPE, the frog-themed meme coin, has achieved a significant milestone by surpassing a $10 billion market cap for the first time. This surge came after PEPE's price spiked by 18% in the last 24 hours, briefly reaching a new all-time high.

AMBCrypto attempted to gauge the expected price performances of these altcoins over the next 6-12 months.

XRP demonstrated impressive strength on Friday, even amid a sharp pullback following its recent rally to all-time highs, signaling robust market momentum.

Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.

BIT Mining, a global leader in cryptocurrency mining, has reinforced its commitment to mining Litecoin (LTC) and Dogecoin (DOGE) with an innovative strategy designed to optimize profitability. The company has increasingly turned to advanced hardware and market adaptability to maintain its competitive edge in the ever-evolving crypto mining landscape.

Bitcoin (BTC) retreated sharply from its all-time high of $103,604, dipping to a low of $94,035 before recovering to climb back above $$97,000 and to its current level. The drop came a day after BTC crossed the historic $100,000 mark, with its market capitalization also shrinking to $1.95 trillion.

American Bitcoin miner BIT Mining said that it is making more money mining Dogecoin and Litecoin than the biggest digital coin.

Litecoin price has gained more than 44 percent in the last week, and the strong momentum and fundamentals points to continuation.

BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket.