On Thursday Avalanche’s (AVAX) price hit a new all-time high at $68.89, and over the last few months, the project has risen to challenge the Ethereum network’s dominance among smart contract platforms. According to the project’s website, the layer-one protocol is capable of surpassing 4,500 transactions per second (TPS) with a time to finality of less than 2 seconds. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $32.10 on Sept. 7, the price of AVAX has rallied 111% to establish a new all-time high on S as its 24-hour trading volume spiked 200% to …

Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors' attention. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Audius (AUDIO), Avalanche (AVAX) and Celer Network (CELR). Superstars invest in Audius The Audius platform is a decentralized music-sharing and streaming protocol that aims to cut out the middleman from the music industry and allow fans, subscribers and creators to interact with each other directly. According to data from Cointelegraph Markets Pro, market conditions for …

A new alt season is here — at least, according to some crypto industry commentators. Over the last month, altcoins — aka cryptocurrencies that aren’t Bitcoin (BTC) — have surged in price, with projects such as Solana, Cardano and Polkadot seeing their tokens triple in value. However, though people are screaming “alt season” with an air of familiarity, the industry is still very much exploring uncharted territory. The Cointelegraph Markets Pro alt season indicator states that the industry is in the midst of an alt season, showing a 32% inclination. While The Altseason Index, which defines the alt season as …

Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments, according to data provided by one of the country’s oldest and largest exchanges. In its annual “Investor Report,” BTC Markets, which started in 2013, reported a 15% increase in the number of investors over 65. The report also indicates that they are the group making the largest deposits. Baby Boomers, which are classified as those born between 1946 and 1964, now compose 5% of the platform’s estimated 325,000 customer …

The European Union is reportedly looking to bolster technological development in the region with a planned $177 billion investment war chest. According to Bloomberg, EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G, and quantum computing, among others. The planned $177 billion investment fund is about 20% of the 750 billion euros ($887 billion) stimulus package agreed upon by EU leaders back in July 2020 to kickstart economic recovery amid the ongoing COVID-19 pandemic. Speaking on Wednesday, Ursula von der Leyen, President of the European Commission, stressed the importance of investing in digital technology for …

Nonfungible tokens, or NFTs, have taken the cryptocurrency sector by storm in 2021. The growing interest in these digital collectibles resulted in record-breaking trading volumes during the month of August, with individual NFT sales exceeding more than $1 million dollars on a regular basis. Yet with so many NFTs currently on the market, it can be difficult to determine which one-of-a-kind collectibles are worth the high prices. It’s also important to point out that although NFTs are going mainstream, they are directly tied to the cryptocurrency ecosystem and, therefore, are prone to market volatility. For instance, data shows that the …

As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto. Sergey Shvetsov, the first deputy governor at the Bank of Russia, argued that the new measures aim to protect Russian investors from potential losses in case the cryptocurrency market “crashes to zero,” local news agency RIA Novosti reported Wednesday. The latest anti-crypto move comes …

Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the Securities and Futures Commission (SFC): “The SFC’s recent decision to regulate digital asset exchanges in Hong Kong gives us confidence that this new asset class has a regulatory framework, and therefore a future within the finance industry.” Hong Kong regulators require crypto businesses to be …

Gold and cryptocurrencies are often seen as oil and water by investors — but a new project enables consumers to gain exposure to both asset classes at the same time. AABBG is a token that is fully backed by gold, and this ensures that the asset’s value is pegged to the current spot price of the precious metal. This is coupled with a crypto wallet that allows these digital assets to be stored securely, giving users the freedom to effortlessly make transfers to friends, family and businesses. The project, developed with Core State Holdings, Corp (CSHC), says anonymity is a …

After scaling up to a relative high of around $53,000 just over two weeks ago, it seemed as though Bitcoin (BTC) was well on its way to reclaiming its former all-time highs. However, the series of events that unfolded over the past week has seen the world’s largest cryptocurrency by total market capitalization lose nearly 13% of its value, with a single BTC currently trading near $45,800. That said, the aforementioned volatility seems to have left Standard Chartered’s cryptocurrency research unit completely unfazed, with the analysts referring to Bitcoin’s most recent plunge as being a “false dip” while reiterating that …

Huobi cryptocurrency exchange’s dedicated investment arm, Huobi Ventures, has set up a $10-million fund to invest in early-stage GameFi projects that combine decentralized finance (DeFi) features with gaming. The fund will provide direct investment to projects that integrate blockchain gaming with DeFi mechanisms. The GameFi business models allow users to earn dividends through features including “play to earn.” On Aug. 5, Cointelegraph reported on a $100-million fund allocation by Huobi Ventures toward DeFi projects focused on asset management. The projects shortlisted for Huobi’s investment will receive funding and support from Huobi Group, its incubator program, Huobi X Center, and Huobi …

Eurex, a derivatives exchange owned by German stock market operator Deutsche Boerse, has debuted cryptocurrency derivatives trading with ETC Group’s Bitcoin (BTC) exchange-traded note (ETN) futures product. Eurex officially announced Monday the launch of the Bitcoin ETN Futures contract developed by London-based crypto derivatives issuer ETC Group. “As the first step in our portfolio of crypto derivatives, the offering is the first regulated market in Bitcoin-related derivatives in Europe,” Eurex said. Trusted path to #crypto: today, we launched #Bitcoin ETN #Futures. As the first step in our portfolio of #CryptoDerivatives, the offering is the first regulated market in Bitcoin-related #derivatives …