News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...

Economy

McDonald’s To Exit from Russia after 30 Years of Service in the Country

The dollar slipped against other major currencies for a third straight day on Tuesday, tempering a long rally as investors cashed out and trimmed bets on U.S...

Stock Markets

Dollar Slipped against other Major Currencies as Focus turns to Growth

Asian shares rise on Tuesday, boosted by technology majors, as hopes expectation grow for an easing of China's regulatory crackdown on...

Stock Markets

Asian Shares Rise on High Expectation of Easing China Tech Crackdown

On Friday, Elon Musk revealed that his $44 billion takeover deal for Twitter Inc. has been put “temporarily on hold”, triggering a share plunge...

Stock Markets

Musk’s $44 Billion Twitter Acquisition Deal ‘on Hold’ Causing Shares to Plunge

His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and Ruler of Abu Dhabi, has passed away on Friday, May 13, aged 73...

World

RIP: UAE’s Sheikh Khalifa Bin Zayed Al Nahyan Passes Away

Cryptocurrency

22 Nov 2021

Avalanche Crypto Value Crosses Shiba Inu with New Deloitte Deal

Avalanche Crypto Value Crosses Shiba Inu with New Deloitte Deal

The Index Today

The Avalanche Crypto Community briefly held a position in the top 10 by market value and even beat Dogecoin and Shiba Inu in the past several days, reaching a record of $144.96. The boost was mainly caused by the U.S disaster-relief funding deal aimed at building platforms.

AVAX, the Avalanche token currently holds the 11th position in market value of $29 billion. Ava Labs recent announced a new partnership with Deloitte which will enable them to build new and more efficient disaster-relief platforms for the local government. According to a post from Ava Labs, The Close as You Go platform utilized blockchain technology to improve Federal Emergency Management Agency funding and help streamline reimbursement applications.

“It’s another example of faster, cheaper Ethereum competitors doing well. There’s a huge wealth effect and a lot of opportunistic and mobile capital,” said Jonathan Cheesman, head of institutional and OTC sales at FTX. Avalanche Crypto went up 3,000% in the last year despite market fluctuations. Many deem cryptocurrencies as highly volatile and can see major ups and downs in the market.

In September, the Avalanche Crypto Foundation said it sold tokens through a private sale and managed to raise $230 million. Polychain and Three Arrows Capital were among the leading participants who supported the fund.

©Photo: btcmanager