Author: Anthony M. Orbison

The Avalanche Foundation’s native cryptocurrency, AVX, has climbed 10% following the foundation raising $250 million for a blockchain upgrade. Trading volume around the asset is up 50% in the last 24 hours, with $1.51B worth changing hands. The Avalanche9000 Upgrade has plenty of institutional support, with its latest funding round having around 40 participants. These investors include Dragonfly, Galaxy Digital, and ParaFi Capital.Avalanche’s upcoming upgrade aims to slash costs, boost scalability, and solidify Avalanche’s leadership in the blockchain space. Specifically, it will cut Layer-1 deployment costs on Avalanche by 99.9% and lower transaction fees on its C-Chain by 25 times.…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldAmazon will donate $1mn in cash to Donald Trump’s inaugural fund, the company confirmed on Thursday, as Big Tech companies seek to build relations with the US president-elect.Amazon’s move comes after Facebook and Instagram parent Meta similarly donated $1mn to the fund. Amazon will also broadcast Trump’s inauguration on its Prime Video service. Trump has long accused Big Tech companies of a litany of abuses, including censorship of conservative media. Following his election victory in November, Big Tech executives rushed…

Investing.com– The Securities and Exchange Commission is preparing more charges against Elon Musk and is also probing Neuralink, according to a letter from Musk’s lawyer which the Tesla Inc (NASDAQ:) Chair posted on X.  The letter- which was addressed to SEC Chair Gary Gensler by Musk’s lawyer Alex Spiro, states that Musk had a 48 hour deadline to accept a monetary payout settlement, or face “charges on numerous counts.”  The letter did not specify the nature of these charges, but stated that the SEC’s demands came after a multi-year investigation.  The letter also showed that the SEC had reopened an…

Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for the Magic Eden non-fungible token (NFT) marketplace. Users can list…

It’s a tough time to be a homebuyer. In an environment of historically high interest rates and stubborn listing prices, the dream of homeownership is as elusive as ever. But it’s even harder to buy a home when you believe (incorrectly) that you absolutely must have 20% saved up for a down payment. In reality, the average down payment for first-time homebuyers was just 8% in 2023, according to the National Association of Realtors. That’s due, in part, to down payment assistance (DPA) programs. Such programs can drastically lower the amount you need to put up for your down payment,…

During an appearance at the Aspen Ideas Festival this summer, Ford CEO Jim Farley made a suggestion that would harm his company’s bottom line. In an effort to rationalize his view on EVs, the CEO of the automaker known for its big SUVs, pickup trucks, and other gas-guzzlers noted that Americans will have to give up the vehicles they love most if they want to compete with Tesla and Chinese firms like BYD.“We have to start to get back in love with smaller vehicles. It’s super important for our society and for EV adoption,” he said. “We are just in love…

Bybit and analytics firm Block Scholes released a derivatives market report indicating mixed signals for Ethereum and Bitcoin.  The report highlights a decline in Ethereum’s (ETH) perpetual open interest, primarily due to the liquidation of overleveraged long positions. These positions had accumulated during a period of optimism but were reset by falling ETH spot prices, according to the report shared with crypto.news.   The report also notes that ETH futures contracts have not experienced the same decline in open interest as ETH perpetual swap contracts during a brief pause in upward price momentum. However, positioning has increased for both (BTC)…

(Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence chips. Most Read from Bloomberg Sales of AI products will gain 65% in the fiscal first quarter, far faster than its overall semiconductor growth of about 10%, the company said during a post-earnings conference call. The chipmaker also predicted that the addressable market for AI components that it designs for data center operators would reach as high as $90 billion by fiscal 2027. Like Nvidia Corp., Broadcom is positioning itself to…

(Reuters) – Australia’s HMC Capital-backed data centre business DigiCo REIT was largely flat in its market debut on Friday. Shares of the company opened at A$4.98 per share, compared with the offer price of A$5 each. The stock traded in a tight range between A$4.96 and A$5.10 during the first 30 minutes of trading. DigiCo sold 399.1 million shares and raised nearly A$2 billion ($1.27 billion) in the initial offering — the country’s largest since 2018 — with an A$2.75 billion market capitalisation and pro forma enterprise valuation of A$4.24 billion, according to its filings. HMC Capital fixed its contribution…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…