Filecoin

Bitcoin

The utility FIL token jumped 62% over the past week. Decentralized storage protocols recently gained attention as their use has increased, an analyst said.

Filecoin, Storj Tokens Outperform Bitcoin Amid Increased Use of Decentralized Storage Protocols

Ethereum

Bitcoin (CRYPTO: BTC) traded lower, but traded above the key level of $24,000 on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, but traded above the $1,600 mark this morning.

Ethereum Falls But Remains Above $1,600; Blur, Filecoin Among Top Losers

Polygon

Crypto also caused a lot of consternation among regulators in Washington this week.

This Week in Coins: Bitcoin and Ethereum Recover Modestly as Polygon, Filecoin, OKB See Blistering Gains

An altcoin backed by a pair of famous Bitcoin (BTC) billionaires is surging as the crypto project's upgrade rapidly approaches. New data reveals that storage-focused blockchain Filecoin (FIL), which is backed by the Winklevoss twins, is skyrocketing as the protocol's groundbreaking update looms. Filecoin climbed from a 24-hour low of $5.40 to $7.

Altcoin Backed by Bitcoin Billionaires Surges 35% As Crypto Project's ‘Groundbreaking' Update Nears

It wasn't immediately clear what prompted the rally.

Filecoin's FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch

Bitcoin (CRYPTO: BTC) traded lower, but remained above the key level of $23,000 on Friday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the $1,600 mark this morning.

Bitcoin Falls But Remains Above This Key Level; Filecoin Emerges As Top Gainer

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company's staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.

Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn

The parent company of Filecoin (CRYPOT: FIL), Protocol Labs, a technology company that develops computing infrastructure, has laid off 21% of its workforce, citing a global economic downturn and an extended cryptocurrency winter as reasons for the move. The layoffs impacted PLGO teams including PL Corp, PL Member Services, Network Goods, PL Outercore, and PL Starfleet.

Filecoin Parent Company Protocol Labs Cuts 21% Of Workforce In Wake Of Crypto Winter

Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday.

Filecoin Parent Company Protocol Labs Cuts 21% of Staff

Filecoin Foundation will deploy IPFS aboard a Lockheed Martin spacecraft this year to test decentralized storage in space. The post Filecoin Foundation set to test IPFS-based communication in space appeared first on The Block.

Filecoin Foundation set to test IPFS-based communication in space

A top crypto trader says he thinks three under-the-radar altcoins including decentralized exchange ThorChain (RUNE) are gearing up for strong surges. Starting with decentralized storage network Filecoin (FIL), the crypto analyst believes that there's no resistance for the altcoin until it hits $5.80. “I think FIL is going to pull the same move COMP did.

Three Altcoins Are Flying Under the Radar and Primed To Absolutely Rip, Says Popular Trader

The price of Filecoin has plummeted 30% in the past week, with the asset currently trading close to all-time lows.

Filecoin Plummets 30% Over the Week, Hovers Near All-Time Lows

Filecoin is a decentralized storage network (DNS) that competes with the likes of AWS. It has increasing revenue, but is it a good investment choice? The post Filecoin Revenue: Investing in Decentralized Data Storage appeared first on Bitcoin Market Journal.

Filecoin Revenue: Investing in Decentralized Data Storage

Filecoin developers Protocol Labs have also attempted to lower the cost of contributing storage space to the network.  The post Filecoin releases content delivery network called Saturn appeared first on The Block.

Filecoin releases content delivery network called Saturn

ASIC blocked client access to three different crypto funds, alleging Holon hadn't properly considered its target markets.

Australian Regulator Cracks Down on Firm's Bitcoin, Ethereum, Filecoin Funds

Avalanche

Tezos

The CME Group will expand its crypto reference rates from the end of October in partnership with CF Benchmarks. The post CME Group set to launch three new crypto reference rates later this month appeared first on The Block.

CME Group set to launch three new crypto reference rates later this month

Some 20,000 individual users are said to be using Filecoin to store over 50 million data objects used by dApps.

Filesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch

Cardano

Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level.

Biggest Movers: ADA Rebounds, While FIL Hits 2-Week High on Saturday

Almost all of the data-storage network's recent deal growth is based on one incentive program, which concerns analysts. But the project's leaders have outlined new ways to boost revenue

Is Filecoin Network's Incentive Plan Sustainable? Crypto Analysts Want to Know

Uniswap

Uniswap moved to a one-week low on Tuesday, as crypto markets were mostly in the red during today's session. The latest red wave in crypto markets comes days after several high profile tokens rose to multi-month highs. Filecoin was one such token, however it too declined today, falling for a third straight day.

Biggest Movers: UNI Drops to 1-Week Low, While FIL Extends Recent Declines

Filecoin (FIL) shot up nearly 100% this week and was trading 31% higher at $10.93 at press time.  FIL surged at press time even as major coins declined and the global cryptocurrency market cap fell 0.9% to $1.1 trillion.

This Crypto Token Nearly Doubled This Week, Outpacing Bitcoin And Ethereum

On July 27, the Filecoin Foundation for the Decentralized Web (FFDW) announced it will be supporting an initiative with Harvard University's Library Innovation Lab (LIL) called the “Democratizing Open Knowledge” program. With FFDW's support, LIL plans to explore decentralized technologies that can preserve digital information.

Harvard University and Filecoin Foundation for the Decentralized Web Plan to Preserve Digital Information

Bitcoin Cash

Internet Computer

Zcash

The recent plunge experienced in the cryptocurrency market has caused billions of dollars to flow out of the sector. As a result, the majority of cryptocurrencies are at a fraction of their values at all-time highs.

Cryptocurrencies Down The Most From All Time Highs, And No, It's Not DOGE Or SHIB

Quick Take Filecoin is the leading protocol among a new generation of blockchain-based and crypto-enabled decentralized storage protocols in terms of used storage, storage capacity, and the size of its ecosystem It is supported by lively communities of developers keen on developing new features on and applications for the base protocol, incentivized by numerous opportunities to capitalize on a massive potential market Here, we take a look at Filecoin's latest ecosystem developments to get a better sense of where the market is now and where it is going

A Look at Filecoin's Ecosystem Developments

May 23, 2022 – Singapore, Singapore LongHash Ventures – Asia's first Web 3.0 accelerator and one of Asia's leading Web 3.0 venture funds – is continuing its partnership with Protocol Labs, creator of Filecoin and IPFS, to launch the third LongHashX accelerator Filecoin cohort. The program aims to accelerate early-stage teams building projects in the Filecoin ecosystem. […] The post LongHash Ventures Partners With Protocol Labs To Launch the Third LongHashX Accelerator Filecoin Cohort appeared first on The Daily Hodl.

News for Filecoin Crypto (FIL)