Latest Avalanche news

Avalanche placed itself very well in the cryptocurrency sphere as one of the fastest blockchains. Our Avalanche price analysis reveals a bullish cup and handle formation that is likely to keep the price up by a good margin in the days to come. The year-to-date (YTD) high for AVAX was recorded on the 2nd of […] The post Avalanche Price Analysis: AVAX in bullish cup and handle appeared first on Crypto Academy.

Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) has added support for two new crypto assets on its platform.  What Happened: Robinhood-listed Avalanche (CRYPTO: AVAX) and Stellar (CRYPTO: XLM) on its trading platform, briefly sending both tokens rallying on Monday. AVAX and XLM are now on Robinhood @avalancheavax @StellarOrg #CryptoListing https://t.co/QtzBwskSdo — Robinhood (@RobinhoodApp) August 8, 2022 AVAX rallied 10% from an intraday low of $27.66 to an intraday high of $30.50. At press time, AVAX was trading at $27.82. Data from CoinGlass shows that more than $3.6 million AVAX shorts were liquidated over the last 24 hours. XLM rallied 8% from an intra-day low of $0.12 to an intra-day high of $0.13 over the same period. See Also: Robinhood Discloses SEC Probe On Short Selling Rules Compliance Why It Matters: Robinhood has taken a conservative approach toward listing crypto assets. After listing Dogecoin (CRYPTO: DOGE) in July 2018, the trading platform resisted calls to add new cryptocurrencies for nearly three years. In April, Robinhood listed Compound (CRYPTO: COMP), Polygon (CRYPTO: MATIC), Solana (CRYPTO: SOL), and the much anticipated Shiba Inu (CRYPTO: SHIB). Robinhood CEO Vlad Tenev said in a Q2 earnings call that the platform’s slow approach to listing cryptocurrencies would “pay off in the long term.” “Some other crypto providers have come under scrutiny for listing unregistered securities on their platforms. This can be dangerous and misleading for customers,” said Tenev. Rival crypto exchange Coinbase Global Inc (NASDAQ: COIN) is under scrutiny from the U.S. Securities and Exchange Commission (SEC) for allegedly listing unregistered securities as crypto tokens on its trading platform. Price Action: Coinbase shares traded 0.094% lower after hours, according to data from Benzinga Pro. Read Next: Vitalik Buterin Proposes 'Low-Tech' Approach To Boost Privacy With NFT Transactions © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Retail investing app Robinhood announces the addition of two more cryptocurrencies, bringing the total number on the platform to 15. The post Avalanche and Stellar Lumens tick upwards as they land on Robinhood appeared first on The Block.

Popular Ethereum competitor Avalanche has gained double-digits as NFTs on the network gain traction.