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Avalanche Partners with Amazon Web Services, AVAX Rallies 25%

Avalanche has announced a partnership with cloud-computing platform Amazon (NASDAQ:AMZN) Web Services (AWS) to bring wider adoption of blockchain technology by...
Avalanche Partners with Amazon Web Services, AVAX Rallies 25% © Reuters. Avalanche Partners with Amazon Web Services, AVAX Rallies 25%
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Avalanche has announced a partnership with cloud-computing platform Amazon (NASDAQ:AMZN) Web Services (AWS) to bring wider adoption of blockchain technology by enterprises, institutions, and governments.

Avalanche Partners with Amazon

Ava Labs, the company building out layer-1 blockchain Avalanche, announced Wednesday, January 11th, that it will work with AWS to help scale blockchain adoption across enterprises, institutions, and governments.

As part of the partnership, Ava Labs will offer its “Subnet deployment” as a service through the AWS Marketplace. Any organization can enlist Ava Labs via AWS to launch a custom Subnet.

Howard Wright, VP and Global Head of Startups, AWS, said his company will help expand Avalanche adoption “to new geographies and customer segments” and “support new tooling for Avalanche’s infrastructure and ecosystem.”

Subnets are like custom blockchains built on Avalanche. Subnets have custom rulesets and allow organizations deploying them even to launch their own unique tokens.

AVAX Reacts, Rallies 25%

In reaction to the news, Avalanche’s native token, AVAX, rallied as much as 25% to trade as high as $16.38. This is its highest price since November 8th, 2022. AVAX now trades at $15.09, maintaining a 24-hour gain of 21.3%.

The 24-hour price chart for Avalanche (AVAX). Source: CoinMarketCap

On the Flipside

  • The partnership also comes just a week after Avalanche announced a partnership with Shopify (NYSE:SHOP) to streamline the NFT process for buyers and sellers.

Why You Should Care

The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while helping the network expand and become more flexible for developers.

Here’s our prediction for Avalanche post-FTX collapse:

Cryptocurrency Outlook for Solana (SOL), Avalanche (AVAX), and Snowfall Protocol (SNW) Post-FTX Bankruptcy

The recent growth of Avalanche (AVAX) is covered in:

Solana (SOL) Slides Further as Avalanche (AVAX) Tops SOL By Market Cap

See original on DailyCoin

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07-06-2023 06:11:39 (UTC+7)

EUR/USD

1.0694

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

EUR/USD

1.0694

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

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GBP/USD

1.2424

0.0000 (0.00%)

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Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

USD/JPY

139.60

-0.04 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

AUD/USD

0.6674

+0.0003 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.3401

-0.0002 (-0.01%)

Summary

Neutral

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Buy (2)

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Buy (4)

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EUR/JPY

149.29

-0.03 (-0.02%)

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Sell (12)

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Sell (8)

EUR/CHF

0.9706

0.0000 (0.00%)

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Gold Futures

1,980.00

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Silver Futures

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Brent Oil Futures

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US Coffee C Futures

184.08

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Euro Stoxx 50

4,295.22

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Sell

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S&P 500

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DAX

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FTSE 100

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19,099.28

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1,856.34

+49.63 (+2.75%)

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9,310.80

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46.760

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52.28

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210.50

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Neutral

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Deutsche Lufthansa AG

9.141

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Siemens AG Class N

158.36

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Neutral

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Deutsche Bank AG

9.784

+0.088 (+0.91%)

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    EUR/USD 1.0694 ↑ Sell  
    GBP/USD 1.2424 Sell  
    USD/JPY 139.60 ↑ Sell  
    AUD/USD 0.6674 ↑ Buy  
    USD/CAD 1.3401 Neutral  
    EUR/JPY 149.29 ↑ Sell  
    EUR/CHF 0.9706 Buy  
    Gold 1,980.00 ↑ Buy  
    Silver 23.677 Sell  
    Copper 3.7673 Neutral  
    Crude Oil WTI 71.70 ↑ Buy  
    Brent Oil 76.12 Sell  
    Natural Gas 2.268 Buy  
    US Coffee C 184.08 ↑ Buy  
    Euro Stoxx 50 4,295.22 Sell  
    S&P 500 4,283.85 Buy  
    DAX 15,992.44 ↑ Sell  
    FTSE 100 7,628.10 ↑ Sell  
    Hang Seng 19,099.28 ↑ Buy  
    Small Cap 2000 1,856.34 ↑ Buy  
    IBEX 35 9,310.80 ↑ Buy  
    BASF 46.760 ↑ Sell  
    Bayer 52.28 ↑ Buy  
    Allianz 210.50 Sell  
    Adidas 159.68 Neutral  
    Lufthansa 9.141 ↑ Buy  
    Siemens AG 158.36 Neutral  
    Deutsche Bank AG 9.784 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,680
(0/ 0) # 1,084
SJC HCM6,640/ 6,700
(0/ 0) # 1,103
SJC Hanoi6,640/ 6,702
(0/ 0) # 1,105
SJC Danang6,640/ 6,702
(0/ 0) # 1,105
SJC Nhatrang6,640/ 6,702
(0/ 0) # 1,105
SJC Cantho6,640/ 6,702
(0/ 0) # 1,105
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