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The Avalanche team launched a wallet and bridge with the Bitcoin network


Ava Labs introduced the Core browser wallet for working with Web3 applications based on the Avalanche network. A bridge with the bitcoin blockchain has become part of the application.

According to the press release, Core is a non-custodial wallet. The developers position the extension as an “operating system” that unifies all Avalanche-based decentralized applications.

The app offers users a suite of nine core services, including the Avalanche Bridge cross-chain solution. The latter, unlike its web version, allows you to work with bitcoin, and not just with Ethereum.

The company said in a statement that the first cryptocurrency is being tokenized into a wrapped BTC.b asset on the Avalanche blockchain. This allows the asset to be used in DeFi ecosystem applications.

Recall that in April 2022, Bloomberg reported that Ava Labs opened a $350 million funding round at a $5.25 billion valuation.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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