ReportWire

Tag: avalanche

  • Digital Asset Investments Stage a Comeback; Bitcoin Reigns Supreme With $87.6M Inflows

    Digital Asset Investments Stage a Comeback; Bitcoin Reigns Supreme With $87.6M Inflows

    [ad_1]

    Digital asset investment products resumed inflows after breaking the 11-week streak of positive cash flows. According to the findings by CoinShares’ Head of Research, James Butterfill, the net inflows totaled $103 million over the last week.

    Bitcoin investment products, as usual, attracted the highest capital inflow. The digital asset manager revealed a net inflow of $87.6 million during the period. Short-bitcoin also experienced a minor inflow amounting to $0.3 million.

    • Ethereum investment products saw positive activity, recording a net inflow of $7.9 million, while Solana investment products attracted a net influx of $6 million.
    • Among the altcoins, Avalanche and Litecoin were the only ones recording outflows of $2.6 million and $0.4 million, respectively, over the past week.
    • In terms of geographical distribution, the frontrunners in investment were Germany, Canada, and the USA, with money flowing in at $41.6 million, $25.8 million, and $20.4 million, respectively.
    • Switzerland, Brazil, Australia, and France followed suit with inflows of $15 million, $8 million, $1.2 million, and $0.3 million, respectively. On the flip side, Sweden experienced outflows amounting to $8.7 million.
    • The latest estimates indicate a mild recovery from the previous CoinShares report, which revealed the end of an 11-week streak of positive cash flows for digital asset investment products, concluding with withdrawals totaling $16 million.
    • During that period, Bitcoin witnessed the most significant impact, with outflows of $33 million. While most altcoins managed to buck the trend and post inflows, products focused on Ethereum and Avalanche experienced modest declines.
    SPECIAL OFFER (Sponsored)

    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    [ad_2]

    Chayanika Deka

    Source link

  • Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here’s When

    Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here’s When

    [ad_1]

    The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts.

    Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches.

    Altcoins To Go Parabolic Again?

    In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst’s bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross. 

    From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.

    In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.

    According to data provided by CoinGecko, the total cryptocurrency market capitalization stands at $1.429 trillion, with Bitcoin maintaining its place as the largest cryptocurrency (market cap of more than 700 billion).

    Bitcoin Reclaims Dominance In Crypto Market

    According to a recent report by Santiment, Bitcoin seems to be back to dominating the altcoins after a good run in the past month. The on-chain analytics platform highlighted that most cryptocurrencies have been witnessing a price correction at the tail end of the week.

    Many of the tokens in the altcoin class, including recent top performers like Solana, Cardano, and Avalanche, appear to be slowing down. Nevertheless, Santiment said that swift price rebounds could occur “if the crowd begins to get worried and show FUD (fear, uncertainty, and doubt).”

    Cryptocurrency market cap excluding Bitcoin on the daily timeframe | Source: TOTAL2 chart on TradingView

    Featured image from Shutterstock, chart from TradingView

    [ad_2]

    Opeyemi Sule

    Source link

  • Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain

    Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain

    [ad_1]

    Tech firm Republic has recently announced its mission to democratize private market investing, with the selection of Avalanche as the platform for launching its profit-sharing digital asset, the Republic Note (R/Note).

    The R/Note is a revenue-sharing digital security that is backed by Republic’s private equity portfolio, which includes over 750 assets.

    Republic And Avalanche Forge Partnership

    According to Republic’s announcement, Avalanche was chosen for several key reasons. Firstly, its scalability and speed ensure that Republic Note holders can enjoy seamless and cost-effective transactions. 

    Notably, Avalanche has established partnerships with renowned brands like Amazon Web Services and Mastercard, highlighting its technical capabilities.

    Additionally, Republic plans to launch a dedicated Subnet on Avalanche next year, offering a purpose-built network specifically designed for the Republic Note. 

    This will provide enhanced security, privacy, and regulatory compliance, creating a robust digital security environment.

    Mission alignment between Republic and Ava Labs, the team behind Avalanche, is another crucial factor. Per the announcement, both entities share a commitment to fostering a more inclusive future for financial markets through tokenization.

    Furthermore, Avalanche’s “eco-friendliness” sets it apart from other blockchains, consuming significantly less energy, per the announcement. 

    The pre-sale of Republic Notes has already attracted participation from thousands of individual retail investors, resulting in pre-sales exceeding $30 million. The public listing of the Republic Note is scheduled for December. 

    Optimism For AVAX Price

    The partnership between Republic and Ava Labs is anticipated to have a positive impact on the AVAX price. The launch of the Republic Note on Avalanche’s platform establishes a strong foundation for expanding its reach to a global audience of investors. 

    Despite a 5% decline in the past 24 hours, AVAX has outperformed major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), with a 130% rally over the past 30 days, positioning itself as one of the industry’s top performers.

    AVAX’s price correction over the past 24 hours on the daily chart. Source: AVAXUSDT on TradingView.com

    However, it is important to note that AVAX has recently undergone a correction, and its ability to surpass the $20.64 level will be crucial in determining its prospects amidst the ongoing bullish momentum.

    Resistance levels at $21.59 and $22.74 have proven challenging for AVAX to breach and consolidate since February 2023.

    Overall, the forthcoming launch of the Republic Note on Avalanche’s mainnet is a significant milestone in making the asset accessible to pre-sale participants who have contributed over $30 million. 

    It remains to be seen whether this partnership can further bolster AVAX’s price and reinforce the positive trend observed over the past 30 days, potentially driving AVAX to new yearly highs in 2023.

    The collaboration between Republic and Ava Labs underscores their shared vision of democratizing access to private markets through tokenization. 

    Featured image from Shutterstock, chart from TradingView.com

    [ad_2]

    Ronaldo Marquez

    Source link

  • AVAX Price Prediction: Avalanche Bulls Are Just Getting Started

    AVAX Price Prediction: Avalanche Bulls Are Just Getting Started

    [ad_1]

    AVAX price rallied over 50% and climbed above $22.50. The price might correct lower but there could be more upsides above $25.

    • AVAX price is showing a few positive signs above the $20 level against the US dollar.
    • The price is trading above $22 and the 100 simple moving average (4 hours).
    • There is a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX/USD pair (data source from Kraken).
    • The pair could continue to rise if there is a clear move above the $24.50 and $25.00 resistance levels.

    AVAX Price Doubles In Value In Few Days

    After forming a base above the $10.00 level, Avalanche’s AVAX started a major rally, outperforming Bitcoin and Ethereum. There was a clear move above the $15 and $20 resistance levels.

    The price gained over 50% in the past few days and even cleared the $22.50 resistance. A new multi-week high was formed near $24.70 and the price is now consolidating gains. There was a minor decline below the $22.50 level.

    The price declined below the 23.6% Fib retracement level of the upward move from the $15.59 swing low to the $24.70 high. However, the bulls were active above $20.00.

    AVAX price is now trading above $22.00 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX/USD pair. On the upside, an immediate resistance is near the $24.50 zone.

    Source: AVAXUSD on TradingView.com

    The next major resistance is forming near the $25.00 zone. If there is an upside break above the $24.50 and $25.00 levels, the price could surge over 20%. In the stated case, the price could rise steadily towards the $30 level.

    Dips Limited in Avalanche?

    If AVAX price fails to continue higher above the $24.50 or $25.00 levels, it could start a downside correction. Immediate support on the downside is near the $22.50 level.

    The main support is near the $20.50 zone. A downside break below the $20.50 level could open the doors for a fresh decline towards $18. The next major support is near the $15.50 level.

    Technical Indicators

    4 hours MACD – The MACD for AVAX/USD is gaining momentum in the bullish zone.

    4 hours RSI (Relative Strength Index) – The RSI for AVAX/USD is now above the 50 level.

    Major Support Levels – $22.50 and $20.50.

    Major Resistance Levels – $24.50, $25.00, and $30.00.

    [ad_2]

    Aayush Jindal

    Source link

  • Avalanche Shines With A 31% Rally – Can AVAX Bulls Maintain Push To $22?

    Avalanche Shines With A 31% Rally – Can AVAX Bulls Maintain Push To $22?

    [ad_1]

    Avalanche (AVAX) has had a relatively quiet second half of 2023 regarding price performance and ecosystem advancements. However, the token experienced a mesmerized turnaround towards the end of October, which has seen its value rise almost vertically in the past few weeks.

    Avalanche’s positive run coincides with an optimistic climate in the general crypto market, as investors appear to be more interested in various digital assets. While Bitcoin, the premier cryptocurrency, continues to hold its own above the $37,000 mark, most altcoins seem ready to take advantage of changing market sentiment.

    Avalanche Displays Strength With 31% Rally – Price Overview

    The Avalanche price reached a yearly low of $8.78 in late September, forming the bottom for a trend reversal. The cryptocurrency’s price has been on a bullish run since then while looking to reclaim the highs achieved at the beginning of 2023.

    As of this writing, the AVAX token is valued at $18.58, reflecting a massive 31% price increase in the past 24 hours. Meanwhile, the price of the altcoin has swelled by more than 48% in the weekly timeframe.

    A broader look at the Avalanche price chart further highlights the token’s strength and attractiveness over the past few weeks. According to CoinGecko data, the value of AVAX has more than doubled in the past month.

    Avalanche’s positive price action – in such a short timeframe – further emphasizes the favorable sentiment currently brewing in the general crypto market. Investors have also seen other altcoins, like Solana, Ethereum, and Chainlink, go on an upward trajectory in the past weeks.

    Based on data from CoinMarketCap, AVAX has witnessed more than an 85% increase in its daily trading volume. Meanwhile, the token’s current market cap of roughly $6.68 billion reflects a 31% jump in the past day. 

    Can AVAX Maintain Bullish Momentum To $22?

    Many investors would be watching to see how far the Avalanche token can keep up with its red-hot momentum. And this makes sense, considering that the cryptocurrency was one of the best performers in the last bull market, rallying to a peak of $145.

    In the short term, price action data suggests AVAX might be able to break above the psychological $20 level without much resistance. Nevertheless, investors should watch out for the $22 threshold, as it has proven to be a significant resistance zone in the past.

    If Avalanche manages to breach and close above the $22 price mark, the token’s price could experience a parabolic run to $60. On the flip side, if the resistance level holds strong, the AVAX price could fall to find support at around $15. 

    Avalanche price continues upward trajectory on the daily timeframe | Source: AVAXUSDT chart on the TradingView

    Featured image from IQ.wiki, chart from TradingView

    [ad_2]

    Opeyemi Sule

    Source link

  • Ava Labs Lays Off 12% of Workforce as Bear Market Stretches

    Ava Labs Lays Off 12% of Workforce as Bear Market Stretches

    [ad_1]

    Ava Labs, a crypto startup and the leading developer of the Avalanche blockchain has laid off 12% of its workforce amid the persistent bear market.

    The company’s founder and CEO, Emir Gün Sirer, confirmed the job cuts on X, stating that the move would allow the management to reallocate resources to the growth of the firm and the expansion of the Avalanche ecosystem.

    Ava Labs Slashes Headcount

    “Bear markets are difficult to navigate,” said Sirer, adding that Ava Labs is lucky to have significant resources at its disposal. With the exit of some team members, those funds would be channeled toward the advancement of Avalanche.

    “We are no longer a 12 person startup, but we strive to capture the speed and energy of a small, nimble team…I am deeply thankful to everyone who contributed to Ava Labs and helped champion the Avalanche ecosystem. Let’s not forget the immense progress and impact this team has made across every stretch of our industry,” Sirer stated.

    The CEO’s tweet came after Ava Labs’ former employees revealed they were affected by the job cut. One of the impacted workers, Garrison Yang, who was the vice president of growth and strategy at the company, stated that the headcount slash affected many people in the marketing team. The now-ex-gaming growth marketer and content creator Zach Manafort confirmed Yang’s words, adding that he felt for all the affected parties.

    According to Ava Labs’ LinkedIn profile, the company has around 335 employees. The 12% workforce slash suggests that about 40 people have left the firm.

    Not Alone

    Ava Labs is not the only crypto firm that has felt the harshness of the bear market that has persisted this year. Many crypto companies have had to let go of their workers amid struggles to stay afloat.

    A few days ago, the popular non-fungible token marketplace OpenSea had to reduce its headcount by 50% as part of efforts to restructure and rebuild its business. Last month, blockchain analytics platform Chainalysis conducted a second round of layoffs, letting go of 150 employees out of its 900.

    Besides, OpenSea and Chainalysis, the world’s largest crypto exchange, Binance, blockchain games developer Dapper Labs, crypto exchanges Luno and Crypto.com have all let go of a significant number of their employees.

    SPECIAL OFFER (Sponsored)

    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    [ad_2]

    Mandy Williams

    Source link

  • November To Witness Over $450M In Token Unlocks: Aptos And Avalanche Take The Lead

    November To Witness Over $450M In Token Unlocks: Aptos And Avalanche Take The Lead

    [ad_1]

    The crypto market is set to experience significant token unlocks in November, with projects such as Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) leading the way.

    These unlocks are anticipated to release more than $320 million worth of tokens, contributing to the overall $450 million set to enter circulating supplies in the crypto market this month.

    It is worth noting that such substantial releases could have immediate and long-term effects on both the price and availability of these digital assets.

    Aptos And Top Players In November’s Token Release

    Token unlocks are events where previously locked tokens become available for trading, often increasing a project’s circulating supply. These events are critical moments for projects, as they can signal maturation and a new phase of market dynamics. 

    Aptos, a Layer 1 blockchain created by former Meta executives, is expected to have the most significant token unlock by value, releasing 24.8 million APT tokens, currently representing about $165.6 million at today’s price.

    Aptos’s upcoming unlock on November 12 is not just substantial in value but also notable for its distribution, with core contributors, investors, the community, and the Aptos Foundation all set to receive portions of the release.

    Meanwhile, Avalanche, another Layer 1 blockchain, is preparing for its considerable token unlock later in the month on November 24, which will see 9.54 million AVAX tokens (valued at approximately $99.3 million at today’s price) released, marking 2.7% of its circulating supply.

    Hashflow, a multi-chain decentralized exchange, is slated to have the largest token release by circulating supply percentage. It is poised to unlock 160.38 million HFT tokens, approximately 73.9% of its circulating supply, on November 7, injecting roughly $42 million into the market.

    The distribution of these tokens will span early investors, ecosystem development, the core team, and community rewards, adding another layer to the economic activities of the project.

    Other Notable November Token Unlocks

    Other projects like Optimism (OP), ApeCoin (APE), and Sui (SUI) are also scheduled for significant token unlocks this November. However, they pale in comparison to the top three in terms of value. Optimism is set to unlock 24.16 million OP tokens worth $32.4 million.

    Apecoin (APE) is poised for an unlock of 15.60 million APE tokens worth $19.5 million, and SUI is to unlock 34.62 million tokens valued at $14.6 million at today’s market prices.

    Each unlock carries potential implications for the broader crypto market, as they may affect liquidity, trading volume, and investor sentiment. Furthermore, out of these six tokens above set to unlock this month, Aptos and Avalanche are the top gainers.

    Aptos (APT) price is moving sideways on the 4-hour chart. Source: APT/USDT on TradingView.com

    Currently, both assets are up 38% and 22%, respectively, in the past 14 days. APT trades at $6.82, down by 2% over the past 24 hours, while AVAX trades at $11.02, down by 2.7% over the same period, at the time of writing.

    Featured image from Unspkash, Chart from TradingView

    [ad_2]

    Samuel Edyme

    Source link

  • Avalanche Is Sunsetting SnowTrace: Big Upgrade For Developers?

    Avalanche Is Sunsetting SnowTrace: Big Upgrade For Developers?

    [ad_1]

    Avalanche, a platform claiming to have solved the blockchain trilemma of scalability, security, and decentralization, is retiring SnowTrace, a Contract Chain (C-Chain) explorer run by Etherscan, by the end of November. According to Emin Gun Sirer, the founder of Ava Labs, the team developing Avalanche, the new explorer, will be developed in-house and boast more capabilities, potentially enhancing user experience.

    Avalanche Phasing Out SnowTrace

    The transition set for roughly within a month means the current SnowTrace website will instead be re-routed to a new website. Therein, users seeking to explore the entire Avalanche blockchain, including the three chains, will be free to do so. 

    With the team retiring the Etherscan-led SnowTrace for their version, Avalanche assured users that operations will remain as it is. Notably, the team said there would be no service disruption; instead, only the back end would be switched. What’s extended is that all Avalanche users will not only search the C-Chain but are free to explore all the sub-nets. 

    SnowTrace was only used to search the C-Chain, a wing of Avalanche compatible with the Ethereum Virtual Machine (EVM). Out of the C-Chain, users are free to deploy protocols compatible with Ethereum. By transitioning to a new explorer, the developer team hopes to once and for all remove the limitations of the SnowTrace explorer. 

    Since the platform can scale horizontally, the network relies on subnets. A subnet is a customized blockchain that serves the needs of a specific decentralized application (dapp), such as those of businesses or even high-intensive gaming or social media platforms. They are autonomous, meaning while the mainnet secures them, operators can establish their rules, issue their tokens, and even have unique validator requirements. 

    All subnet operators must stake AVAX to launch. The amount of AVAX staked varies depending on the specifications of each chain. Every subnet is independent and linked to the mainnet via the Platform Chain (P-Chain), which runs validator registration and consensus.

    Announcement Came Too Soon? AVAX Up 30% From Q4 Lows

    While the team said the move is expected to be smooth, one developer and founder complained on X that the one-month notice period is short. Instead, Ava Labs should have announced the transition months in advance for businesses and developers reliant on SnowTrace for on-chain data to prepare before the explorer is phased out.

    Related Reading: VanEck Goes Back To The Drawing Board: Unveils Revised Spot Bitcoin ETF Filing

    Avalanche price on October 30| Source: AVAXUSDT on Binance, TradingView

    AVAX prices remain steady at spot rates, edging higher. As of writing, the coin is trading at around October highs, adding roughly 30% from Q4 2023 lows.

    Feature image from Canva, chart from TradingView

    [ad_2]

    Dalmas Ngetich

    Source link

  • Around 100 Devs At Just Cause Studio Are Unionizing

    Around 100 Devs At Just Cause Studio Are Unionizing

    [ad_1]

    Image: Avalanche Studios Group

    Around 100 employees at Just Cause developer Avalanche Studios Group are unionizing. This means around a fifth of the 500-person Swedish team is now bargaining with the company’s management for a fair contract.

    The Week In Games: What’s Releasing Beyond Pikmin 4

    IGN confirmed with a union representative that more than 100 workers have joined Unionen, a Swedish trade union. According to their statement, Avalanche Studios Group workers have been working toward joining a union since earlier this year, when members formed a local union board to bargain with the studio’s management over specific benefits, but the rep didn’t share specific issues. According to IGN’s sources, moving to a four-day work week is at least one issue the team has raised in its negotiations.

    While one in five workers joining the union might seem small, Swedish union membership is different than what we typically know of unions in the USA, as workers can join a trade union without a union election. This means that around “70 percent of the country” is part of a union, according to data shared with IGN by Unionen.

    Avalanche Studios Group provided the following comment to IGN regarding the situation:

    As an employer, we’re committed to creating the best possible conditions for all Avalanchers to thrive. We support and welcome any initiative that goes in this direction. This also means that we listen, invite dialogue, and encourage people to bring forward their perspectives and needs. After all, it’s thanks to each and every Avalancher that we’re able to make the great games we’re known for.

    This comes less than a year after a public dispute between Avalanche’s workers and management, which lead to a public apology from the company, which reportedly encountered internal pushback regarding its HR department’s lack of communication and follow-through on worker concerns.

    Beyond Just Cause, Avalanche Studios Group is currently working on Contraband in partnership with Xbox Game Studios, meaning the open-world co-op game will be exclusive to Xbox and Windows.

    [ad_2]

    Kenneth Shepard

    Source link

  • Avalanche of rocks near Dead Sea in Israel kills 5-year-old boy and traps many others

    Avalanche of rocks near Dead Sea in Israel kills 5-year-old boy and traps many others

    [ad_1]

    An avalanche of rocks tumbled down a hillside onto a hiking trail near the Dead Sea in Israel on Thursday, trapping many people, killing a 5-year-old boy and injuring at least six others, medics said.

    The volunteer emergency medical service United Hatzalah said rescue teams recovered numerous people who were trapped under the rubble. Israeli military helicopters airlifted the victims to nearby hospitals.

    Israel’s Magen David Adom rescue service said the victims ranged from 4 to 40 years old, including the boy who was found unconscious with a severe stomach injury and could not be resuscitated. A 4-year-old girl was in moderate condition and others were less seriously injured.

    “You could see rocks the size of cars falling down,” Yonatan Bar David, who was on the trail with his family, told Kan Radio, Reuters reported. He was not injured but two of his children suffered minor injuries, according to the news agency.  

    Medics said the situation was worsened by the fact that the site of the landslide was difficult to reach. Magen David Adom said rescuers had to park their ambulances by the river and carry medical equipment by foot to the scene of the incident, due to the complexity of the terrain. Rescuers walked for about 25 minutes before discovering a number of injured people. 

    Israel Rockslide
    A warning sign at a waterfall near the site of a rockslide that took place in the Ein Gedi Nature Reserve, on the western shore of the Dead Sea, on Thursday, Aug. 24, 2023.

    Ohad Zwigenberg / AP


    The rockslide took place in the Ein Gedi Nature Reserve on the western shore of the Dead Sea, a popular tourist site.

    It was not immediately clear what caused the rockslide. They typically occur when torrential rains or earthquakes create fissures in a rocky hillside.

    [ad_2]

    Source link

  • At least 4 hikers killed in avalanche in French Alps

    At least 4 hikers killed in avalanche in French Alps

    [ad_1]

    At least 4 killed in avalanche in French Alps


    At least 4 hikers killed in avalanche in French Alps

    00:17

    An avalanche on Sunday near Mont Blanc in southeastern France swept four people to their deaths and left two more missing, the officials said. France’s interior minister called the death toll a provisional count, according to The Associated Press.

    Among the dead were two mountain guides caught by the snow tumbling down the Armancette glacier, the prefecture for the Haute-Savoie department said.

    Investigators had been called in help with the search for the two persons still unaccounted for in the Alps.

    One person also suffered slight injuries in the avalanche while eight others also swept up were unharmed, the prefecture said.

    The avalanche rolled down the Armancette glacier in Contamines-Montjoie, in the Haute-Savoie region, some 30 kilometers (almost 20 miles) southwest of Chamonix, AP reported. The avalanche covered an area of 1,000 meters by 500 meters.

    No avalanche warning had been issued for the region by weather authority Meteo France, but a combination of warmth and wind may have been behind the disaster, the prefecture added.

    “We’re thinking of (the victims) as well as of their families,” President Emmanuel Macron wrote on Twitter.

    “Our emergency services have been mobilized to find those still trapped in the snow.”

    Emergency responders had deployed a helicopter as well as mountain rescue dogs to the scene, although the prefecture warned a further avalanche could not be ruled out.

    The operation was suspended in the evening, but will resume at 7:00 a.m. local time Monday.

    “I think it’s the most deadly avalanche this season,” Contamines-Montjoie mayor Francois Barbier told AFP.

    Two brothers died in an avalanche on the same glacier in 2014, both experienced climbers in their 20s.


    [ad_2]

    Source link

  • At least 4 hikers killed in avalanche in French Alps

    At least 4 hikers killed in avalanche in French Alps

    [ad_1]

    At least 4 hikers killed in avalanche in French Alps – CBS News


    Watch CBS News



    At least four hikers were killed in an avalanche in the French Alps. Dozens more were injured.

    Be the first to know

    Get browser notifications for breaking news, live events, and exclusive reporting.


    [ad_2]

    Source link

  • Winter storm brings heavy snow, ice to western U.S.

    Winter storm brings heavy snow, ice to western U.S.

    [ad_1]

    Winter storm brings heavy snow, ice to western U.S. – CBS News


    Watch CBS News



    The western U.S. continued to contend with a powerful winter storm Friday that even prompted unprecedented blizzard warnings in Southern California. Parts of Nevada are under avalanche warnings and many major highways are closed. CBS News correspondent Carter Evans reports from Southern California.

    Be the first to know

    Get browser notifications for breaking news, live events, and exclusive reporting.


    [ad_2]

    Source link

  • Hogwarts Legacy | Xbox

    Hogwarts Legacy | Xbox

    [ad_1]

    Game details

    Hogwarts Legacy is an immersive, open-world action RPG set in the world first introduced in the Harry Potter books. Embark on a journey through familiar and new locations as you explore and discover fantastic beasts, customize your character and craft potions, master spell casting, upgrade talents and become the wizard you want to be.

    Experience Hogwarts in the 1800s. Your character is a student who holds the key to an ancient secret that threatens to tear the wizarding world apart. Discover the feeling of living at Hogwarts as you make allies, battle Dark wizards, and ultimately decide the fate of the wizarding world. Your legacy is what you make of it. Live the Unwritten.

    [ad_2]

    Source link

  • Death toll from avalanche in Indian Himalayas rises to 19

    Death toll from avalanche in Indian Himalayas rises to 19

    [ad_1]

    At least 19 people are confirmed dead after an avalanche struck climbers in the Indian Himalayas, authorities said Friday, with bad weather hampering the fourth day of search and rescue efforts.

    A group of climbing trainees and instructors were caught in Tuesday’s massive snowslide near the summit of Mount Draupadi ka Danda II in the northern state of Uttarakhand.

    “Nineteen bodies have been recovered. 10 people are still missing,” state disaster agency spokesperson Ridhim Aggarwal told AFP.

    “Rescue operations have resumed for the day but are subject to weather,” she added. “The weather is bad.”

    Police, disaster authorities and the Indian air force were mobilized to help with search efforts, with 32 people successfully rescued from the mountain despite snow and rainfall.

    An advance helicopter landing ground had been prepared near the site of the avalanche at 16,000 feet above sea level, the Indo-Tibetan Border Police said Thursday.

    INDIA-HIMALAYAS-MOUNTAINEERING-ACCIDENT
    Indo-Tibetan Border Police (ITBP) personnel stand in position during preparations for a rescue operation for missing climbers struck by an avalanche, at the ITBP Matli helipad station on October 5, 2022.

    Indo-Tibetan Border Police /AFP via Getty Images


    Sunil Lalwani, one of the rescued trainee climbers, credited the instructors for saving many lives.

    “We were 50-100 meters from the summit with our instructors ahead of us, when suddenly an avalanche hit us and took everyone down,” Lalwani was quoted as saying by the Hindustan Times on Thursday.

    “It happened in a matter of seconds and we were dumped in a crevasse. We were somehow able to breathe. … It’s because of them that we are alive today.”

    Among the bodies recovered earlier in the week was that of climber Savita Kanswal, who had summited Everest this year.

    Kanswal was an instructor with the expedition and had been feted by the climbing community for summiting the world’s highest peak and nearby Makalu in just 16 days — a women’s record.

    INDIA-HIMALAYAS-MOUNTAINEERING-ACCIDENT
    Evacuees (left) rest after receiving first aid at the ITBP Matli helipad station on October 5, 2022, after being airlifted during a rescue operation for missing climbers struck by an avalanche in the northern state of Uttarakhand. 

    Indo-Tibetan Border Police / AFP via Getty Images


    Fatal climbing accidents are common in the Himalayas, home to Everest and several of the world’s highest peaks.

    In August, the body of a mountaineer was recovered two months after he fell into a crevasse while crossing a glacier in the northern state of Himachal Pradesh.

    Last week, renowned US ski mountaineer Hilaree Nelson’s body was found on the slopes of Nepal’s Manaslu peak after she went missing skiing down the world’s eighth-highest mountain.

    The same day, Nepali climber Anup Rai was killed and a dozen others were injured after an avalanche on the 26,781-foot mountain.

    Although no substantial research has been done on the impact of climate change on mountaineering risks in the Himalayas, climbers have reported crevasses widening, running water on previously snowy slopes and the increasing formation of glacial lakes. 

    [ad_2]

    Source link