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PricesFilecoin

Filecoin News

Filecoin is a decentralized protocol which enables anyone to rent out spare storage space on their computer. Likewise, anyone can buy storage on the network.
  • Grayscale. Image: Shutterstock

    Grayscale Debuts Its Decentralized AI Fund to Track Projects Like Filecoin, Bittensor

    Crypto asset manager Grayscale Investments is debuting its new Grayscale Decentralized AI Fund that seeks to provide accredited investors exposure to protocols at the intersection of blockchain and artificial intelligence. The fund is currently available only to eligible accredited investors, the firm noted in a press release. The new Grayscale fund focuses on a basket of decentralized artificial intelligence (AI) crypto protocols. As of July 16, the fund's composition includes Near (NEAR) at 32...

    NewsMarkets
    2 min read
    Murtuza Merchant

  • What is DePIN? Bringing Physical Infrastructure to Blockchain

    DePIN, short for "decentralized physical infrastructure networks," has become an increasingly popular application of blockchain and decentralized technologies. Simply put, it involves using blockchain to run and maintain decentralized networks of physical hardware, such as sensors, wireless infrastructure, energy grids, and other applications. By leveraging cryptocurrency tokenomics and blockchain technology to incentivize and coordinate the running of peer-to-peer (p2p) hardware infrastructure...

  • Filecoin is a global storage network. Image: Shutterstock.

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

    Filecoin (FIL) has been one of the market’s worst-performing assets in the past week, with the storage protocol's FIL token plunging 30% over the last seven days. FIL was trading at $2.96 by press time which is up 2.1% over the day, but the overall performance has been pretty dismal throughout the year, with the token hitting an all-time low of $2.64 last Friday, according to CoinGecko. This is a massive gap from the coin’s all-time high of $236.84, which was recorded at the beginning of April l...

    NewsCoins
    2 min read
    Andrew Asmakov
  • Crypto has grown in popularity in Australia. Image: Shutterstock.

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

    The Australian Securities and Investments Commission (ASIC) has issued a stop order preventing Web3-focused investment manager Holon from offering three crypto funds to retail investors.  ASIC said it made the interim orders to protect retail investors from potentially investing in funds that “may not be suitable for their financial objectives, situation or needs.” The order will impact the Holon Bitcoin Fund, the Holon Ethereum Fund, and the Holon Filecoin Fund, all three of which have U.S. cry...

    NewsBusiness
    3 min read
    Will McCurdy
  • The crypto market is trending upwards. Image: Shutterstock

    $140 Million in Bitcoin Shorts Liquidated As Crypto Market Cap Hits $2.1 Trillion

    The total market capitalization of all cryptocurrencies has soared past $2.1 trillion, with market leaders Bitcoin and Ethereum both breaking out following a week of rather stale price action. Bitcoin's surge has seen the leading cryptocurrency cross the $47,000 price mark, a price it hasn’t seen since the beginning of the year. With the price of Bitcoin breaking even for the year, the crypto market rally has also led to millions in liquidated short positions.  According to data pulled from Coi...

    NewsMarkets
    3 min read
    Liam J. Kelly
  • Edward Snowden on the cover of Wired. Image:(CC BY 2.0) Mike Mozart

    Filecoin Group Grants $5.8 Million to Edward Snowden's Press Freedom Foundation

    Media is a tough place these days. Journalists who report basic facts are accused of spreading "FUD," they get hammered for perceived biases, and they must work in an Internet economy that often rewards speed over accuracy. They also get arrested, beat up, and even killed for trying to reveal the truth. According to the Freedom of the Press Foundation, on-the-job journalist arrests increased 1200% in the U.S. in 2020, while twenty-one journalists worldwide were murdered because of their work.  T...

    NewsCoins
    3 min read
    Jeff Benson
  • Filecoin is a global storage network. Image: Shutterstock.

    Filecoin Rises 14% Amid Stagnant Day in Crypto Market

    Filecoin (FIL) is on the rise. The coin, which powers a decentralized storage network, has increased in value by 14% in the past day and 28% in the past week.  The price of a single Filecoin is now $95 and the market cap for the whole coin is just over $10 billion. Filecoin has the 21st largest market cap out of all cryptocurrencies.  Filecoin’s rise today comes amid stagnancy or mild decay for other top coins. Bitcoin is sitting pretty at $50,171, an increase of 0.55% in the past 24 hours, and...

    NewsCoins
    2 min read
    Decrypt Staff
  • Filecoin is a global storage network. Image: Shutterstock.

    Filecoin Now Has Its Own Stablecoin. But Why?

    ICHI, a protocol for creating decentralized networks, has announced oneFIL, a stablecoin for the Filecoin community.  Filecoin, which is a decentralized network that offers storage space for users, is working with ConsenSys (which funds an editorially independent Decrypt) to expand its digital marketplace on the Ethereum network. ConsenSys had previously announced plans to work with Protocol Labs, the team behind the Filecoin network, to integrate Filecoin with Ethereum and seek out greater inte...

    NewsCoins
    4 min read
    Scott Chipolina
  • Filecoin is a "decentralized Dropbox."

    Decentralized Storage Project Filecoin Up 25% in Sea of Red

    The current price of Filecoin is currently about $90, its highest price since May 18. The coin began rising yesterday afternoon, when it crept up from about $75 to highs of $96, according to data metrics site Nomics.  Despite the enticing green numbers and a staggering market cap of $6.9 billion, Filecoin is still down from highs of $237 on April 1, now two months ago. While Filecoin rose, others dipped. Bitcoin is down 6%, Etherum by 8%, and Dogecoin by 15%.  Those coins crashed after Elon Mus...

    NewsMarkets
    2 min read
    Decrypt Staff
  • NFTs are tokens linked to digital content—but the content can be deleted. Image: Shutterstock

    Filecoin Launches Decentralized Storage Service for NFTs

    Decentralized storage protocol Filecoin has announced a new free service called NFT.Storage, touting it as a future-proof method of preserving non-fungible tokens' (NFTs) metadata and content off-chain. “NFTs are part of humanity’s cultural legacy—and designing their data for long-term accessibility is crucial," said Mikeal Rogers, engineering manager at Filecoin developer Protocol Labs. "Content addressing and distributed storage networks ensure that digital artwork, basketball cards, and virtu...

    NewsTechnology
    4 min read
    Liam Frost
  • Filecoin. Image: Shutterstock

    Filecoin Price Could Double In Next 12-18 Months: Wedbush

    Dan Ives, managing director at equity research firm Wedbush Securities, is known for covering big tech stocks like Apple, Tesla, and Microsoft. But in a note last week on the day before the Coinbase direct listing, Ives tossed out this comment at the end: "We believe there are a number of business models attacking this new market opportunity, with privately held Filecoin one of the more impressive strategies we have seen in the market." Filecoin is a decentralized data storage protocol. Unlike o...

    NewsCoins
    3 min read
    Scott Chipolina
  • Easy as A...W...S. Image: Shutterstock

    Filebase Raises $2 Million to Make Decentralized Storage as Easy as AWS

    Though you wouldn’t know it by its tagline as a provider of “S3-compatible object storage powered by blockchain,” Filebase is out to un-complicate things for potential consumers of decentralized storage.  And several prominent investors think it’s got the right approach.  The Boston-based startup has raised $2 million in its first seed funding round, led by Multicoin Capital, with additional investments coming from Version One Ventures and Messari founder Ryan Selkis. Bigger Than Netflix? Fileco...

    NewsTechnology
    4 min read
    Jeff Benson
  • Image: Shutterstock

    Filecoin Foundation Donates $10 million in FIL to Internet Archive

    The Filecoin Foundation, an independent organization orbiting the cryptocurrency Filecoin, is donating 50,000 FIL tokens (worth nearly $10 million at today’s prices) to Internet Archive. It’s the single largest outside donation in the nonprofit’s history, according to press materials. Internet Archive is responsible for the Wayback Machine, a free library of cached websites, and preserves TV shows, books, audio recordings, and other forms of digital ephemera on its site. It’s a little like Ubuwe...

    NewsBusiness
    2 min read
    Will Gottsegen
  • Filecoin is akin to a decentralized Dropbox. Image: Shutterstock

    Why Filecoin Price Is Surging: Look to China

    Filecoin (FIL), the token associated with the decentralized file-sharing protocol of the same name from Protocol Labs, is surging. Its price has shot up 165% in the past week, and 530% in the past month. Now Filecoin has leapfrogged Chainlink (LINK) and Litecoin (LTC) as the No. 9 coin by market cap. So, what's driving the spike? Yes, the larger crypto market is in the midst of a sustained bull run. And yes, there has been a lot of news about Filecoin recently that has brought the "decentralize...

    NewsCoins
    4 min read
    Daniel Roberts
  • Filecoin is akin to a decentralized Dropbox. Image: Shutterstock

    Binance Says $4.6M Filecoin ‘Double Deposit’ an API Mistake

    On Thursday, Coindesk reported on an exploit that allowed $4.6 million in Filecoin tokens to be deposited more than once on Binance. In emails to Decrypt, Filecoin and Binance are chalking it up to an “incorrect use” of APIs, as opposed to a bug. The issue resembled a “double spend”—a system-breaking defect, usually brought on by an attack on a blockchain, that allows the same cryptocurrency to be spent twice. Filecoin is a token that helps enable a decentralized storage network. Binance Chain D...

    NewsCoins
    2 min read
    Will Gottsegen
  • Filecoin is a global storage network. Image: Shutterstock.

    Filecoin Now Has a Global Capacity of 2.5 Billion Gigabytes

    The Filecoin network has reached a total capacity of 2.5 exbibytes, according to an announcement today. In more familiar terms, that's 2.5 billion gigabytes of data. According to the release, this capacity is enough to store 725 million 1080p movies, 11,250 copies of Wikipedia, and 47 copies of the Internet Archive. So, a fair bit then. Filecoin is a decentralized storage network that enables thousands of computers around the world to get paid to store data. Because the network is decentralized...

    NewsTechnology
    2 min read
    Tim Copeland
  • Decrypt on IPFS. Image: Shutterstock

    Read Decrypt On The IPFS Network

    You can now read all your favourite Decrypt articles on the InterPlanetary File System, the decentralized file-sharing network that opens the door for anyone to take part in the advent of the web3 age. IPFS is a peer-to-peer protocol for file-sharing and website hosting that runs across thousands of computers. It's an open-source project with a community of more than four thousand contributors around the world, developed by the team at Protocol Labs, an open-source R&D lab. Instead of having re...

    Sponsored post by Protocol Labs
    2 min read
    Matt Hussey
  • Everything you need to know about Filecoin.

    What Is Filecoin and How Does It Work?

    If you're struggling to get your head around Filecoin, fear not. While there is lots to learn about the decentralized file sharing service, we've boiled it all down into a simple explainer video, which you can check out below. In a nutshell, Filecoin is a decentralized protocol which enables anyone to rent out spare storage space on their computer. Likewise, anyone can buy storage on the network. By allowing anyone in the world to join the network, it can create a huge source of data storage. A...

    Sponsored post by Protocol Labs
    3 min read
    Matt Hussey
  • Filecoin is a "decentralized Dropbox."

    Wrapped Filecoin Comes to DeFi on Ethereum

    Filecoin, which has become one of the largest decentralized storage projects on the market after launching in October, is getting a boost from crypto custody provider Anchorage to access liquidity from the DeFi industry. Anchorage announced yesterday the release of Wrapped Filecoin (wFIL) in cooperation with Tokensoft and investment firm CMS Holdings. Wrapped Filecoin, part of the Wrapped program designed to bring cross-chain assets to the Ethereum blockchain, could bring much-needed liquidity t...

    NewsDeFi
    3 min read
    Alexander Behrens
  • Watch our exclusive Around the Campfire event with Filecoin.

    Watch Filecoin Talk Past, Present and Future in our Exclusive Chat

    If you missed the chance to see Filecoin talk about the launch of their mainnet, and hear from the CEO Juan Benet explore the future of the decentralized storage network well you're in luck. We've recorded the whole thing, and you can watch it by clicking below. On top of that, hear from Molly Mackinlay the senior product manager at Filecoin, Pooja Shah, head of product at Filecoin, Colin Evran ecosystem lead at Protocol Labs and others. Around the Campfire is an intimate online salon featuring...

    Sponsored post by Protocol Labs
    1 min read
    Matt Hussey
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