Here’s why IOST, Horizen (ZEN) and Avalanche (AVAX) surged as Bitcoin crashed

Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and weekly outflows from several crypto investment products. Crypto market data daily view. Source: Coin360 While the recent 28% decline may have scared some new investors, Bitcoin HODLers were likely unfazed as they’ve encountered six larger corrections during Bitcoin’s massive bull run in 2017. Therefore, describing a 20% fall as a…

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Avalanche Blockchain Protocol Raises $42M in 4.5-Hour During Public Sale

The Avalanche project, a blockchain protocol founded by Cornell’s Emin Gün Sirer, has completed a $42 million public token sale after raising $12 million in a private sale in June. Avalanche blockchain developer AVA Labs said that the Avalanche network launch is expected to come by the end of August. Public sale offered a total of 72 million AVAX tokens The $42 million public sale took place on July 15, taking just a few hours to complete. Starting at 10:00 a.m. ET, the token sale offered up to 72 million…

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