Analysis
Filecoin’s sudden rise to the top 10 cryptocurrencies by market cap, however brief, points to its potential as it’s driven by community in China.
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Filecoin News
Filecoin is a decentralized platform for data storage. The Filecoin project was launched by California-based technological company Protocol Labs in 2014. The main purpose of Filecoin is to create an efficient solution for storing data, which is based on protocols of decentralized network IPFS (InterPlanetary File System). IPFS was also developed by Protocol Labs to replace the existing HTTP with a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. According to Filecoin’s white paper, the main idea is that their users should install special software that allows them to store data on PC’s hardware. As a reward, users receive Filecoin and exchange them on other digital or fiat currencies. The Filecoin ICO was conducted in 2017. Filecoin mining is able to be done through their official software.
- Analysis
Cointelegraph Markets Pro delivered a market-moving NewsQuake™ on Storj to subscribers this week, while the VORTECS™ Score picked up bullish conditions for Filecoin.
32765 - News
The Internet Archive’s founder Brewster Kahle has joined the boards of advisors for the Filecoin Foundation and the Filecoin Foundation for the Decentralized Web.
11650 - News
Following the launch of Canada’s first Bitcoin ETF, shares in Grayscale’s Bitcoin Trust have spent an entire month trading at a discount compared to spot BTC for the first time.
14693 - News
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay.
14758 - Markets News
Filecoin reached a $450 billion fully diluted market valuation as three major factors catalyzed a strong technical rally.
34878 - Price Analysis
If bulls can propel Bitcoin to a new all-time high, UNI, LUNA, THETA and FIL are likely to outperform their competitors.
77335 - Market Update
Bitcoin bulls are making a renewed push toward $60,000 after the Federal Reserve and Morgan Stanley made announcements that could bode well for BTC price.
34015 - Altcoin Watch
FIL, the native token of the Filecoin ecosystem, has rallied 40% in the past two days, catalyzed by two likely factors.
28151 - Follow up
Gensler will likely be replacing Jay Clayton, who famously slowed down the ICO market during his tenure at the SEC. Will Gensler issue new clarity?
9368 - News
The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage.
7140 - News
Anchorage and Tokensoft have launched wFIL, a wrapping protocol allowing Filecoin to be used on Ethereum.
10423 - News
Filecoin’s developers, miners and even users will have a chance to access ConsenSys' Ethereum-native tools.
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“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter.
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After two days of wild volatility for FIL, Filecoin's Liftoff Week conference aims to chart a path forward
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