Haxm not working in the latest update (version 7.2 as of posting).
After updating android studio to version 3.1.2 (probably not relevant) and updating haxm, avds will no longer work. I have not been able to code for hours due to my avd's complaining about vt-x. After searching the internet for other possible errors, uselessly checking bios if vt-x was enable (which was because I was using Intel haxm prior to update), and resting from frustration, I decided to use an older version of haxm(7.1)... and its working again! Whats going on?
Are you on Windows 7? I suspect this issue only affects 64-bit Windows 7 systems that lack a security patch, which enables support for SHA-256 code signing algorithm:
https://www.microsoft.com/en-us/download/details.aspx?id=46148
See also my post here:
https://github.com/intel/haxm/issues/56#issuecomment-394246865