Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend. One of the developments that could be bullish for Bitcoin is that Brazil followed in the footsteps of Canada and gave the green light for the launch of a Bitcoin exchange-traded fund. The ETF will be managed by QR Asset Management and is expected to start trading in Q2 2021. The Bitcoin ETFs launched …

Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate hike in 2022 if employment and economic indicators continue to improve. Data from Cointelegraph Markets and TradingView shows that Bitcoin struggled below the $57,000 level during early trading hours until the announcement from the U.S. Federal Reserve sparked a rally which took BTC to an intraday high of $58,243. Bullish momentum for the top cryptocurrency began to build after it was revealed that institutional banking giant Morgan Stanley will soon …

The price of Filecoin's native FIL token has rallied by more than 40% in the past 48 hours, spiking from $53.538 to as high as $75 across major exchanges, reaching its highest point since October 2020. FIL is now the 22nd-largest cryptocurrency, with a market capitalization of over $4 billion. However, its circulating supply is 58 million, or just 3% out of a maximum total of 2 billion. There are two possible reasons behind its uptrend, namely its fundamentals such as the growth of its storage capacity and transaction volume in addition to interest from investors, exemplified by the addition …

This is the first of a three-part series based on Gary Gensler's extensive prior public statements on crypto. Here are parts 2 and 3. As the heir-apparent to the Chair of the Securities and Exchange Commission, Gary Gensler’s most critical role in the future of crypto will be his thoughts on how cryptocurrencies intersect with securities regulation. Where crypto meets the SEC The SEC has been a focal point for the crypto world’s attention for a long time. While its initial enforcement actions in crypto were largely limited to overt fraud, the 2017 DAO Report was its entry into even …

Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.” Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to upgrade to the new Lotus client. Due to the network outage, exchanges like HBTC and KuCoin …

Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Monday, promoting its use in decentralized finance applications including Compound, Maker and Uniswap. Filecoin ecosystem lead Colin Evra stated: “Wrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage users.” The news came the same day that Filecoin announced the storage capacity dedicated by its global mining community has exceeded one exbibyte — equal to more than one billion gigabytes. According to …

Blockchain firm ConsenSys has made official a collaboration with open-source software laboratory Protocol Labs to integrate Filecoin’s marketplace for data storage with ConsenSys’ Ethereum product stack. According to the announcement, Filecoin’s miners, developers and users of the network will be able to access ConsenSys' development tools such as Infura, MetaMask and others to integrate with Ethereum’s decentralized finance ecosystem. Last Thursday, at block 148,888, the Filecoin network launched its public mainnet, featuring a capacity of more than 600 petabytes of data, as well as 600 active data miners and 230 projects interacting with the storage protocol. Given these figures, James …

Juan Benet, the creator of blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since last week “nonsense.” According to a report by 8btc.com, five of the largest Filecoin miners turned off thousands of rigs to protest the platform's economic model. Under this system, miners are required to stake Filecoin tokens (FIL) as collateral when producing a block. However, many of them are apparently coming up short in the number of tokens needed. Crypto Twitter user Nico Deva was one of the first to claim that “a majority of miners” were on …

Two days after a whiplash-inducing launch that saw Filecoin’s FIL token rocket 118% before a nearly 80% plunge, the blockchain-based data storage platform turns now to a weeklong digital conference in the hopes of righting the ship. Billed “Filecoin Liftoff Week,” the event is centered on education, infrastructure, interoperability, and future plans for the project. Kicking off Oct. 19, 2020, the five days of programming feature a different theme each day, such as “Build” and “The Future.” Counted among the high-profile speakers are ConsenSys founder Joe Lubin, who will be participating in a fireside chat on “Bridging Filecoin and Ethereum”, …

In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features. Neo, the 22nd largest cryptocurrency by marketcap, has enjoyed a strong year, having successfully launched a cross-chain interoperability product in collaboration with Ontology and Switcheo. Additionally the self-styled “smart economy” platform’s foray into the summer DeFi craze was similarly successful -- the joint Binance and Neo effort Flamingo Finance peaked at over …

After securing millions of dollars via an initial coin offering in 2017, decentralized data housing platform Filecoin now aims to launch its mainnet. Filecoin will move over to its own blockchain in stages, rather than all at once, according to a Sept. 27 blog post. "Launching a blockchain is an involved and lengthy process," the post said. "Like many other networks (including Polkadot, NEAR, and others), Filecoin is taking a phased approach to launching mainnet, with different groups and communities onboarding onto the network over a period of time, leading up to Mainnet Liftoff." Currently heading into its initial stage, …

Filecoin has invited all miners around the world to participate in the second phase of its contest Space Race, which aims to help prepare its mainnet. Filecoin explained in a post that it decided to conduct Space Race 2 after the large participation of miners in the first Space Race, who numbered more than 356 miners from 32 countries worldwide, and after the results from its first iteration. The second Space Race is open to everyone beginning Sept. 14 until Oct. 5. According to Filecoin, the experiment will consist of two tracks to ensure that different network parts are practiced …