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Cryptocurrencies/Coins/Filecoin (FIL)
Filecoin price, market cap on Coin360 heatmap

Filecoin(FIL)

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$4.3579
(-2.87%)
0.00025897 BTC
Market Cap (Rank#31)
$1,453,059,647
86,348 BTC
Vol 24h
$60,960,051
3,623 BTC
Circulating Supply
333,431,464
Max Supply
44,584,205
3h agocoindesk
Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
Celsius filed a motion in September to return crypto to customers who held assets in such accounts.
9h agocointelegraph
Blockchain is the only viable path to privacy and censorship resistance in the 21st century
Decentralized file-sharing services that Big Tech companies can’t control are the only way internet users will be able to maintain their freedom in the years ahead.
10h agocoindesk
'Do You Believe In Second Chances?' Another DAO is Raising Funds to Buy a Copy of the US Constitution
Inspired by ConstitutionDAO's attempt last year, the unaffiliated ConstitutionDAO2 raised $34,000 in public contributions on its first day.
19h agocryptodaily
Crypto.com CEO tells how past failure made him stronger
Kris Marszalek, CEO of Crypto.com has decided to go public and tell the story of a past business failure. 1) More FUD targeting https://t.co/pFc4Pz9nFR is coming, this time about a business failure I had very early in my career. I have nothing to hide, and am proud of my battle scars, so here’s the unfiltered story
1 day agocointelegraph
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell.
1 day agocryptodaily
IoTeX, First Web3 Project In One Of The World’s Largest Open Source Software Groups
IoTeX has joined the Eclipse Foundation, one of the world's largest open-source software organizations, and will contribute to the Oniro Project working group to develop a distributed open-source operating system for all consumer devices. IoTeX is not only the first Layer 1 blockchain project to join the EF but also the first one which explores how to integrate Web3 components into the operating system layer of IoT devices as additional services and modules. And by contributing to the Oniro Project, it now becomes possible for IoT devices to interact with blockchains using these advanced operating system features. "The Eclipse Foundation is thrilled to welcome IoTeX and its team of scientists, engineers, and cryptographers, and we are excited to see the Web3 open-source technology they bring to our community," said Mike Milinkovich, executive director of the Eclipse Foundation. "We will provide a vendor-neutral governance framework within the Oniro working group for open collaboration with IoTeX." The EU-based Eclipse Foundation has over 300 strategic members and dozens of associate members, including IBM, Microsoft, Google, Oracle, Bosch, Siemens, Mercedes-Benz, Toyota, Volkswagen, BMW, and many others. The Foundation provides its global community of individuals and organizations with a mature, scalable, and business-friendly environment for open-source software collaboration and innovation. "We are extremely honored to become one of the Eclipse Foundation's most recent members and bring a Web3 perspective to the EF that connects the physical world to the metaverse," said IoTeX CEO and Co-Founder Raullen Chai. "Our main focus is collaborating with the foundation's Oniro Working Group." Supercharging customer loyalty Among the infinite number of consumer-facing and industrial use cases, W3bstream enables supercharging customer engagement and loyalty with intelligent devices that range from tiny sensors to carsand large home appliances.Simply put, W3bstream integration in Oniro OS turns any IoT sensor into a blockchain-enabled device, making it benefiting instantaneously from all web3 technologies such as data ownership, data monetization, automated transactions through smart contracts, and X-to-earn models. Bosch, for example, manufactures smart washing machines and refrigerators. This year's global smart refrigerator market was worth just over $5.2 billion and is expected to reach nearly $7 billion by 2025, according to a Report Linker report. In the US, large, intelligent appliances such as refrigerators and washing machines are present in 13% of households, Statista reported. Smart refrigerators have cameras and sensors that gather loads of data, namely all of their users' consumer habits, including where and how often they shop for groceries. All that data has tremendous marketing value and could also have social and medical research applications. With W3bstream, Bosch could quickly and inexpensively develop a Web3 application integrated into each smart refrigerator to reward users for their data which could be enough to pay back the appliance over time. At the same time,Bosch would also generate revenue from transactional costs derived from the users' data sharing.. Car knows you better than you believe Car data could already be worth more than the vehicle itself, according to a 2017 report. Mashable wrote that newer cars are similar to smartphones, only they have wheels. Many are WiFi-enabled, come with over a hundred CPUs, and have Bluetooth embedded. It knows, just like your smartphone, whether you are a churchgoer, attend AA or visit Planned Parenthood. Because of nearly 200 or so sensors throughout the vehicles, it has data points that can build a complete profile of you and your passengers. According to a McKinsey report, car data monetization will be worth $750 billion by 2030. In 2021, there were about 230 million connected cars globally and 84 million on the roads in the United States, according to a Statista report. By 2030, that number is expected to triple to 630 million worldwide and 235 million in the United States, meaning the data of each car is worth at least $1,000 annually. So again, what if Mercedes-Benz, Toyota, BMW, and Volkswagen, members of the Eclipse Foundation, built their Web3 dApp on W3bstream, allowing their consumers to earn at least $1,000 back each year from their cars to enhance consumer experience and loyalty. On average gaining a new customer costs five times more than holding onto a current customer. Improving customer loyalty is one of the main battles for marketing departments. Being able to offer customers rewards for their data is a powerful weapon in their customer loyalty armory. These are just two examples out of thousands that IoTeX's open-source technology makes possible for businesses seeking new ways to increase customer engagement and generate new revenue streams. Collaboration toward innovation The Canada-based Eclipse Foundation has over 300 members and dozens of associate members. It provides its global community of individuals and organizations with a mature, scalable, and business-friendly environment for open-source software collaboration and innovation. IoTeX is an open-source platform at the intersection of blockchain and the Internet of Things. Coining its vision MachineFi, it is on a mission to enable the future decentralized machine economy. It seeks to build a connected world where machines, humans, businesses, and decentralized applications (dApps) can interact with trust and privacy. IoTeX combines blockchain, its off-chain compute infrastructure called W3bstream, and open hardware to connect billions of devices and dApps across the physical and digital world. The Oniro Group and IoTeX are a perfect match as they are both IoT agnostic and are keen on building a global community of developers. Designed with modularity, Oniro offers more significant levels of flexibility and application portability across the broad spectrum of consumer and IoT devices — from tiny embedded sensors and actuators to feature-rich smart appliances and mobile companions. By enabling any Oniro-powered device to interact and transact on the blockchain, IoT and device manufacturers, OEMs and integrators, and any IoT-related project are reaching a new frontier where disruptive business models such as Sensor as a service, pay per use, data monetization are now easily accessible and implementable seamlessly. With this membership, IoTeX expands its collaboration to new spheres as it heads into 2023. More remarkable development and growth are expected as it achieves and delivers massive technological advancements in Web3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Are The Twitter Coin Rumors True?
Speculations have been rampant about an upcoming Twitter Coin that could potentially take over Dogecoin’s current mantle as the native currency of the social media platform. Online Sleuths Uncover “Twitter Coin” Several self-appointed online technical sleuths have pointed out that a new native crypto token is in the works at Twitter. The crypto is being dubbed Twitter Coin, and word around the blockchain is that it could push out Dogecoin from the position of the native currency of the social media platform. Security researcher Jane Manchun Wong was the first to bring the possible new coin into the public eye. She extracted a code from a recent version of the Twitter web app, which featured a vector image of the “Twitter Coin.” She shared the image on her Twitter account along with an image of the Coins tab within Twitter’s Tips feature. Granted, Wong clarified that the Twitter Coin icon might not represent a native token necessarily, instead just be a visual representation of the platform’s crypto tipping feature. However, soon after, Wong’s Twitter and LinkedIn profiles were disabled. This added more fuel to the rumors about Twitter Coin, with some users claiming that she had been kicked off of Twitter because of what she shared. Twitter user Nima Owji, who runs an app-focused information leak account, also posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo. DOGE Accounts Suspended Other incidents on Twitter have also raised suspicion among the community. For instance, on December 3, Dogecoin CEO Billy Markus pointed out several DOGE-related accounts have been banned from the platform. He tweeted, “A whole bunch of accounts of people who, as far as I know, generally don't do anything but tweet memes and positivity are being suspended.” Elon Musk responded to the tweet that he was looking into it. He soon tweeted back that the matter was resolved and that the accounts were reinstated. He claimed that the error happened because the Twitter team had been eliminating spam or bot accounts. Could This Mean Trouble For DOGE? Some Twitter users and DOGE supporters are holding on to the belief that this could be an instance of the platform formally recognizing DOGE as Twitter’s official currency and that Twitter Coin is just another moniker for DOGE. However, if Twitter Coin turns out to be a standalone cryptocurrency, it could spell trouble for DOGE and even BTC. DOGE, especially, has always benefitted from Elon Musk’s open advocacy for it. If it were dethroned by a different crypto, that could spell a major blow to the memecoin, which owes a lot of its success to Twitter and Musk’s advocacy. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Vitalik Buterin Highlights Notable Ethereum Projects
Vitalik Buterin has outlined his ideas on what kinds of projects inside the Ethereum ecosystem may operate as critical cornerstones of what Ethereum's future might look like. In a blog post, Buterin shares that he's excited about Ethereum-based projects that are working on DAO-governed stablecoins with a focus on real-world assets and zero-knowledge decentralized identities. According to to the Ethereum co-founder, the recent collapse of FTX has had a benign impact on the crypto market and its wide array of users, to the extent that the very idea of decentralization might be put to question and rendered uncertain. To Buterin's mind, stablecoins issued with a strong decentralized autonomous organization (DAO) forming a pillar behind its governance would provide users with better benefits in terms of utility as a currency, for the longer term. In terms of the use of crypto as a replacement or subsumption of traditional fiat currency, this Buterin argues that using crypto for transactions instead of using cards that link one's personal identity through banks actually echoes what cash transactions have long preserved: privacy. "There is also the important broader philosophical case for cryptocurrency as private money: the transition to a "cashless society" is being taken advantage of by many governments as an opportunity to introduce levels of financial surveillance that would be unimaginable 100 years ago. Cryptocurrency is the only thing currently being developed that can realistically combine the benefits of digitalization with cash-like respect for personal privacy." Buterin opines. In terms of the interoperability of decentralized identity, Buterin believes that digital identity is essential to allow for multiple blockchain-based identities to co-exist, with more heft place on the value of interoperability as a principle for essentially binding together all possible platforms into a shared, commonly usable space. Examples of use cases alongside this decentralized identity stack includes projects such as the Ethereum Name Service (ENS), a development protocol that assigns human-readable names to Ethereum addresses. Another example is the work behind Sign In With Ethereum (SIWE), which enables users to opt to sign or log on to websites that do require some degree of identity, all with the use of any number of Ethereum addresses which they can prove to be their own. Such projects preserve privacy, while also allowing Ethereum users to more easily and seamlessly interface with decentralized applications and platforms. By extension, these technologies further the cause of decentralization within the Ethereum ecosystem. Other examples of these include proof of humanity, for the case of DAOs which attract a large number of contributions for improvement, as well as "attestation" mechanisms which create blockchain-based proofs of a unique user's participation within a DAO's governance model. Buterin says that such tools can also be used in conjunction and applied to use cases such as treating and filtering spam on chat platforms such as Blockscan by drawing correlations between a user's on-chain activity. On a similar note, this kind of use case can also be applied to replace traditional KYC (Know Your Customer) methods of user verification by requiring analysis of on-chain activity, instead of requiring proofs of identity which may be faked. "Many of these applications are being built today, though many of these applications are seeing only limited usage because of the limitations of present-day technology. Blockchains are not scalable, transactions until recently took a fairly long time to reliably get included on the chain, and present-day wallets give users an uncomfortable choice between low convenience and low security. In the longer term, many of these applications will need to overcome the specter of privacy issues." Buterin shares. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Analysts say investors can still save money by dropping Solana (SOL) & Ethereum (ETH) For Orbeon Protocol (ORBN) Presale
Ethereum and Solana are two of the world's most popular cryptocurrencies. In 2021 both hit all-time highs but had since decreased exponentially during the start of the 2022 bear market. While these popular options decrease in value, Orbeon Protocol thrives, securing over a 260% price increase during its presale. This article will examine why Orbeon Protocol succeeds and traditional investments decline. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol Is On Track For A 6,000% Increase Orbeon Protocol (ORBN) is making headlines for its innovative approach to startup funding and a successful presale phase. The project aims to disrupt the $13.5 Billion crowdfunding market by allowing everyday investors to buy equity in startups. Orbeon Protocol is powered by multiple blockchains and lets retail investors fractionally invest in startups without needing significant starting capital. These investors were previously shut out of early-stage investing, which was only accessible to venture capitalists. Startups mint equity-based fractionalized NFTs through Orbeon Protocol. Investors can then buy a stake in the startup, with prices as low as $1. Once purchased, NFTs are then stored in a dedicated Orbeon wallet. To prevent low-quality startups from entering the ecosystem, all startups are vetted by the Orbeon team before being able to create NFTs. To add an additional layer of protection, investors are also protected by Orbeon Protocols (ORBN) smart contract code. The code uses a &ldquo;Fill or Kill&rdquo; security mechanism that automatically refunds investors if their chosen startup fails to meet its funding target. This exciting concept has the potential to revolutionize the early-stage investment market, which is why Solana (SOL) and Ethereum (ETH) investors are now buying Orbeon Protocol (ORBN) tokens during its presale. Experts predict that the price of ORBN could increase by over 6,000%, rising from $0.014 to $0.24. ORBN investors are also rewarded with access to early funding rounds, voting rights, staking rewards, and access to exclusive investor groups. This, alongside a whole Orbeon Protocol ecosystem, makes ORBN one of the most exciting new projects going into 2023. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocointelegraph
Court sets new deadline for Celsius restructuring plan
Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 14.
2 days agocoindesk
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2 days agocoindesk
Miladys NFT Community Is the Counterculture to Cancel Culture
The uncanny, anime-inspired, profile pictures invite conversations about whether the sins of the creator are laid upon the creation. That’s why the Miladys NFT community is one of CoinDesk’s Most Influential 2022.
2 days agocryptodaily
Bybit To Cut Workforce Amidst Fears Bear Market Is Here To Stay
Bybit has announced that it will be laying off nearly 30% of its global workforce, becoming the latest cryptocurrency exchange to do so. The move comes as fears grow that the bear market is here to stay for the foreseeable future, despite minor market gains. A Significant Cut In Workforce Bitcoin has been unable to push back above the $20,000 mark, signifying that the bears have the crypto markets firmly in their grasp. This has had a crippling impact on the markets, as numerous companies and trading platforms lay off staff members to align themselves with the new market reality. The latest to join this list is Bybit. With the overall cryptocurrency market vastly different than what it was just over a year ago, several companies have seen an adverse impact. Crypto exchanges have faced the brunt of these changes, and Bybit has become the latest exchange to slash its workforce. The Singapore-headquartered exchange announced plans to reduce its existing workforce by 30%. The move is seen as part of a larger reorganization of the business as Bybit looks to refocus its efforts during the ongoing bear markets. Bybit CEO and co-founder Ben Zhou made the announcement. The CEO also apologized to those impacted by the cuts, stating that the downsizing was necessary. &ldquo;Difficult decisions made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing reorganization of the business as we move to refocus our efforts for the deepening bear market. It&rsquo;s important to ensure Bybit has the right structure and resources in place to navigate the market slowdown and is nimble enough to seize the many opportunities ahead.&rdquo; Details Of The Move Crypto industry analyst Colin Wu shed some light on the recent layoffs, stating that the layoff ratio was 30%. He further added that the axed employees would get three months&rsquo; salary as compensation. The move comes after the exchange had also laid off 30% of its workforce back in June 2022. The platform had seen stunning growth, with its workforce swelling from just a couple of hundred employees to nearly 2000 at the height of the bull markets. Bybit offers its users around 345 trading pairs and 265 coins and maintains a reserve of $1.88 billion. Not The Only One Announcing Cuts Bybit is not the only cryptocurrency exchange platform that has cut its workforce amidst the crippling bear market. According to data sourced from tech industry layoff tracker Layoffs.fyi, 17 crypto companies have undertaken significant staff cuts in November. Crypto.com and Coinbase were among the first platforms to announce cuts, with the former reducing staff by several hundred employees, while Coinbase announced that it was cutting 18% of its workforce in June. The cuts in November saw Kraken announce that it was cutting 30% of its 1100-strong workforce. It stated at the time that the reduction in staff would take the company&rsquo;s team size back to what it was just a year ago. Bitso and Coinjar also announced cuts at their end, while reports stated that Bitfront was completely shutting down. Other exchanges that announced cuts were Blockfi, which also filed for bankruptcy, DapperLabs, BitMEX, NYDIG, Mythical Games, WazirX, and Australian cryptocurrency exchange Swyftx. A Cold Crypto Winter Intensifies According to Zhou, recent issues with Blockfi, which filed for bankruptcy, and Genesis, demonstrate that the current bear markets are significantly harsher than expected from both industry and market perspectives, adding that tough times demand tough decisions. Against this backdrop, the markets have made marginal gains over the past 24 hours. However, the overall picture remains extremely bearish. Total market capitalization is hovering around $900 billion but remains a far cry from their record-setting levels of over $3 trillion, achieved in November 2021. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocointelegraph
Ripple files final submission against SEC as landmark case nears end
The two-year-long battle between SEC and Ripple is approaching the end, with Ripple filing its final submission in its case against the US regulator on Dec. 2.
3 days agozycrypto
XRP Lawsuit: Defense Lawyer Believes Judge in Ripple Case Will Soon Deliver “One Big Written Ruling”
According to defence lawyer James K Filan, a summary judgement in the SEC vs Ripple lawsuit might come sooner than expected.
3 days agocryptodaily
Crypto Weekly Roundup: BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country&rsquo;s economy. Let&rsquo;s find out more. Bitcoin The European Central Bank (ECB) published a report criticizing Bitcoin and stating that it was n the road to irrelevance. Binance transferred $2 billion worth of BTC as a part of its proof-of-reserve audit, causing panic that it was the next exchange to go the FTX route. Ethereum Russian banking giant Sber, formerly Sberbank, has announced that it is integrating MetaMask and Ethereum on its proprietary blockchain. The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance and refused to acknowledge Ethereum as a commodity. DeFi BNB-based DeFi protocol, Ankr has confirmed that hackers exploited an unlimited minting bug, resulting in losses worth millions of dollars. MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. Altcoins Apecoin staking website Apestake.io has added the United States to its list of geoblocked locations. Users from the U.S. will not be able to access the platform directly. Technology Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Russia&rsquo;s President Vladimir Putin has criticized the number of sanctions imposed upon the country by the west and has called for a global payment system independent from external interference. Business Ex-CEO Sam Bankman-Fried has given the odd interview post the FTX crash, in which he has always maintained that he didn&rsquo;t set out to commit fraud. The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30% of its staff, which is approximately 1100 employees. California-based cryptocurrency exchange Bitfront has announced that it will close for business and will focus instead on the LINE blockchain ecosystem. Binance has again opened up the Japanese market to its services by acquiring Sakura Exchange BitCoin (SEBC). Billionaire crypto entrepreneur Tiantian Kullander died in his sleep Sunday at the age of 30. The company he co-founded was reportedly raising around US$100 million. Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits after weeks of uncertainty. Crypto lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. Regulation A leaked EU proposal to restrict privacy-enhancing coins could be a serious worry for this crypto niche. Brazil&rsquo;s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. The Texas Securities Board has summoned Sam Bankman-Fried to a hearing to investigate whether FTX and Sam Bankman-Fried violated any Texas securities laws. NFT Uniswap finally launched its NFT aggregator platform, where users will be able to conduct NFT trading from across multiple marketplaces. Coinbase pointed fingers at Apple, claiming its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. Web3 Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Cybersecurity company Kaspersky recently published a report which indicated that cyberattacks could increase on the metaverse in 2023. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
ApeCoin (APE) And Enjin Coin (ENJ) Hit Roadblocks As Flasko (FLSK) Soars
The cryptocurrency industry has been devastated by the negative downturn this year, with the second most popular crypto exchange filing for bankruptcy a few weeks ago. These events have made some investors doubt the viability of renowned currencies like ApeCoin (APE) and EnjinCoin (ENJ). New initiatives have responded to the situation and shined a bright beacon of hope due to sharply lowering costs. One of these initiatives, Flasko, has attracted much interest and is presently in the second round of its presale. ApeCoin (APE) To Soon Introduce Staking Implementing ApeCoin (APE) staking is now the most vital driver for the coin. Horizon creator Horizon Labs has been focusing on the capability to stake ApeCoin (APE) these last few months. Unfortunately, the unique weekly members of ApeCoin (APE) have been progressively falling over the past few months and haven't yet reached the currency's initial high. Even though ApeCoin (APE) is intended to be used as a transaction token in the APE ecosystem, its price is currently $4.10, and holders are jumping ship. Enjin Coin (ENJ) Under Serious Pressure Players may purchase game goods in various Metaverses and virtual worlds using the Enjin Coin (ENJ). It acts as a standard currency that users may trade for advantages in addition to being employed to buy NFTs. But, with the Metaverse not taking off like predicted, the Enjin Coin (ENJ) has also suffered. The Enjin Coin (ENJ) is currently worth $0.3139, a 31% drop in the last month. This fall is a bad omen, and Enjin Coin (ENJ) holders are looking for another coin with more profit potential to add to their investment portfolio. Flasko (FLSK) To Offer Substantial Improvements While Enjin Coin (ENJ) and ApeCoin (APE) are waiting for broader Metaverse adoption, the presale for Flasko is advancing. But what does it offer? Flasko presents an alternative investment platform that enables purchases of premium champagne, wines, and whiskeys which Flasko will create as fractionalized NFTs. The benefit of purchasing a full NFT over a fractional one is that you can get the actual bottle(champagne, whiskey, or wine) underpinning the NFT. When we mention Flasko, we also must mention security. Flasko excels with an audit complete through Solid Proof and locked liquidity for 33 years; these are significant measures to prevent rug-pull scares! Flasko is relatively young but has reached Stage Two in just a blink of an eye. And with a current price of just $0.099, we can see why interest keeps growing. Buying early will bring you more profits in the future. And that notion is true, with crypto experts predicting a 4,000% surgeand a price of $4 by May 2023. If you would like to be a part of this future blue-chip token, visit the links below: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5 days agocoindesk
Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
5 days agocryptodaily
CFTC Chair Flips On Ethereum
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance on Ethereum being a commodity. &ldquo;Only BTC Is Commodity&rdquo; During an exclusive crypto event, CFTC Chair Rostin Behnam reportedly stated that only one crypto in the market could be counted as a commodity, which is Bitcoin. However, this statement represents a complete reversal in stance regarding altcoins like Ethereum. The CFTC had previously stated that both Bitcoin and Ethereum were commodities and not securities, making them fall under the CFTC&rsquo;s jurisdiction. However, the recent claim that only Bitcoin is a commodity leaves Ethereum out of the regulatory body's jurisdiction. FTX Crash Changed Approach Behnam made his recent comments while speaking about the regulatory landscape and the changes to be adopted in light of the FTX bankruptcy case at the invite-only crypto event hosted by Princeton University this past Wednesday. The event earlier had booked the former CEO of the bankrupt FTX exchange, Sam Bankman-Fried. However, he was replaced, and the time slot was instead filled with a panel titled &ldquo;The Demise of FTX and Other Crypto Entities: Lessons Learned,&rdquo; where Behnam spoke. CFTC Previously Held Different Views Behnam claims that the CFTC was working with SBF to develop the Digital Commodities Consumer Protection Act (DCCPA) before the FTX crash happened. The bill sought to expand CFTC authority to regulate markets for &ldquo;digital commodities&rdquo; and explicitly classify both Bitcoin and Ether as commodities. Back in September, Behnam had even testified to the Senate about the act, saying, &ldquo;Many digital assets constitute commodities. As recognized by the DCCPA, the CFTC&rsquo;s expertise and experience make it the right regulator for the digital asset commodity market.&rdquo; This earlier viewpoint was in direct contrast with that of SEC chief Gary Gensler, who generally hinted that most cryptocurrencies are securities. CFTC Leaves ETH Hanging However, Behnam&rsquo;s recent change of mind will fit in more with Gensler&rsquo;s approach toward these assets. If Ethereum and other cryptos are classified as securities instead of commodities, they will fall under the jurisdiction of the SEC, which has much harsher regulatory methods than the CFTC. Behnam also called for tighter regulations, especially in the wake of the billions of dollars of losses stemming from the FTX collapse. Since CFTC is limited in its enforcement actions across the assets under its jurisdiction, he believes that it will not be the appropriate watchdog to be appointed in the case of most cryptocurrencies. Behnam believes nothing could be worse than regulators doing nothing, stating that &ldquo;inaction is paralysis.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agocryptodaily
Investors Prefer Flasko (FLSK) Presale To Filecoin (FIL) and Shiba Inu (SHIB)
People who are interested in cryptocurrencies often seek the best investing opportunities. However, during the current bad market, investors should be aware that the high profits formerly offered by several cryptocurrencies have diminished. Investors in Filecoin (FIL) and Shiba Inu (SHIB) should be aware of the decline in the prices of these cryptos, while Flasko appears to be an amazing investment for 2023. Whales Are Manipulating Shiba Inu (SHIB) Prices Shiba Inu (SHIB) is trading at $0.000009119, which is extremely low from its peak of 0.00005 on May 10, 2021. However, on-chain research shows that greater whale behaviors this week are the sole explanation for its recent spike. Experts have seen a clustering of "whale trades," or transactions exceeding $1 million, in the last 48 hours. Adding $22 million in Shiba Inu (SHIB) to one wallet makes its owner the sixth-largest SHIB holder. Meme coin values might hit $0.0000150 if whale activity keeps up at the current rate. However, a pullback to $0.00000090 is likely if these large investors decide to sell early. Analysts have recommended that investors cash out their Shiba Inu (SHIB) holdings while still relatively inexpensive. Filecoin (FIL) investors cashing out for Flasko (FLSK) Filecoin (FIL) is a blockchain-based cryptocurrency designed to be used as a decentralized data storage system. Filecoin (FIL)&rsquo;s decentralized design makes it impossible to censor data while making it simple to recover. Filecoin (FIL) empowers users to decide who has access to their files while increasing global connectivity. Block rewards for data mining and storage on the Filecoin (FIL) network encourage members to save more data and to behave honestly. Investors are fleeing Filecoin (FIL) in favor of Flasko partly because the cryptocurrency's current price of roughly $5.5 is far lower than anticipated. The Pre-Sale of Flasko (FLSK) Has Been a Great Success The Flasko team is creating a new investment opportunity for cryptocurrency traders and investors: NFTs backed by the real-world inventory of exquisite wines, whiskeys, and champagnes. Investors need to think about the prospect of low-cost new projects like Flasko. Not only have experts predicted that investing in these modern processes would result in greater profits, but doing so would also provide investors with exposure to the rapidly growing rare wine, whiskey, and champagne industry, which is now valued at an estimated $1.4 trillion. Security is a major issue when a new crypto venture is concerned, which is why Solid Proof has completed its audit of Flasko and deemed it extremely safe, with a liquidity lock of 33 years on Flasko tokens. Flasko tokens only cost $0.099 because it is still in their presale, which won&rsquo;t be for long as crypto analysts have predicted a 5,000% increment in Flasko&rsquo;s worth by next year. Check out the links below to learn more. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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About Filecoin

The live price of Filecoin (FIL) today is 4.3579 USD, and with the current circulating supply of Filecoin at 333,431,464 FIL, its market capitalization stands at 1,453,059,647 USD. In the last 24 hours FIL price has moved -0.2404 USD or -0.05% while 66,802,010 USD worth of FIL has been traded on various exchanges. The current valuation of FIL puts it at #31 in cryptocurrency rankings based on market capitalization.

Learn more about the Filecoin blockchain network and how it works or follow the price of its native cryptocurrency FIL and the broader market with our unique COIN360 cryptocurrency heatmap.

Filecoin is a peer-to-peer (P2P) decentralized storage network built on the Interplanetary File System (IPFS) protocol. It dubs itself as a project ‘designed to store humanity’s most important information’ – large volumes of critically important public data, for instance, historical docs, literature data, scientific papers, encyclopedias, creative commons data sets and more.  Both Filecoin and IPFS are founded by American computer scientist Juan Benet, founder of Protocol Labs.

While the Filecoin mainnet went live in October 2020, its native token FIL was launched via an ICO (Initial Coin Offering) in 2017. Filecoin was created with the idea of bringing an economic incentive system and an independent marketplace functionality to the IPFS network. 

Unlike big cloud storage organizations like Cloudflare, Google Drive and AWS (Amazon Web Services) which are fairly centralized in nature, Filecoin aims to tap into a large pool of independent storage providers who can offer storage space for a fee (in FIL crypto) to the network’s users. It leverages the decentralized model to safeguard data’s location, facilitating its easy retrieval and censor-free management. Anyone can store their data, and anyone can offer storage space. 

The workings and governance of Filecoin are overlooked by an independent organization named Filecoin Foundation, dedicated to continuous development and evolution of the protocol, as well as its related technologies.

FIL price

FIL price stayed mostly in the vicinity of $30 after the Filecoin mainnet launch in October 2020, till the year-end. It closed 2020 at a value of around $24 per token. A market-wide bullish sentiment saw FIL coin gaining some upward momentum in February 2021. It rallied upwards for almost two months, peaking at an all-time high of $238 on April 1, 2021. FIL’s fully diluted valuation stood at close to $470 billion at that point. 

Thereafter, the price of FIL saw slow movement during the months that followed, dropping to $40 by July 21, amid a broader crypto market corrective phase. 

FIL coin’s next noteworthy surge came in the early phase of 2021’s second crypto rally in September. FIL price had regained some lost ground in August and made a gradual ascent to reach $120 by Sept. 5. However, it could not sustain the $100+ price level for long, and slid below $100 within three days. According to our FIL live price chart, the coin lost most of its 2021 gains in the first half of 2022, breaching multiple support levels, and dropping to an all-time low of $6.71 on May 12, 2022.   

How FIL works

Filecoin works based on an open data market model, wherein any internet-connected computer (called ‘storage miner node’) can sell its storage space to Filecoin users (clients, developers etc.) looking to rent. The renters pay fees in FIL tokens, to the storage miner nodes. While selecting a specific storage miner, users can choose customized storage options based on their redundancy, speed and cost requirements.

The storage providers are required to implement the Filecoin protocol on their systems, to get access to the open market where they can compete with other providers to sell their services. 

Filecoin uses a novel combination of Proof of Spacetime (PoSt) and Proof of Replication (PoRep) as its consensus algorithm, to secure its network. Storage miner nodes are continuously competing with each other to bag storage contracts from network users, for specific lengths of time. In addition, they’re required to pledge collaterals in three different forms – initial commitment, vesting block rewards and incentive alignment between provider and client – to become a part of the Filecoin ecosystem.

Once a network user and a storage miner node agree on a deal, the latter holds the former’s data in a sector (on the hard drive) and ‘seals’ that space to create a unique copy of the data. A PoRep is created as a result of this sealing, which is validated only once.

After a PoRep is created, the PoSt algorithm runs continuously to determine and ensure uninterrupted storage of the user’s data on the storage miner’s system. The miner is penalized if it can’t prove continued storage at any given point, during the agreed-upon timeframe, thus ensuring good behaviour on their part.

FIL, the native token of Filecoin, is used for transacting on and participating in the Filecoin network. Users pay storage providers in FIL, while the latter also use the token as collateral to take part in the Filecoin’s operations.

FIL news, updates and highlights

In an important FIL news, it was announced in October 2021 that Filecoin has become the official storage collaborator for the Flow blockchain. The collaboration aims to empower Flow’s users and developers by accelerating end-to-end ownership of NFTs and their associated media assets, through easy decentralized storage.

Filecoin again made headlines in May 2022 when Filecoin Foundation announced a partnership with Defense contractor Lockheed Martin (LMT) to explore the possibility of hosting IPFS storage nodes in space, in some satellite or space-faring platform. The step will help satellites play the role of data relays, and reduce the latency involved in communication with Earth-based servers.

Frequently asked questions about FIL

  • Can I stake or mine FIL?

Yes, it’s possible to both mine and stake FIL tokens. In order to do that, you’ll need to run a storage miner node on the Filecoin network.

  • What are some of the best wallets for FIL coin?

Filecoin recommends using the Lotus or Glif wallet implementations on Ledger hardware wallets to store your FIL tokens. Other wallets for FIL storage include Trust Wallet, Fox Wallet, ImToken, Cobo, BlitsWallet and Math Wallet.

  • What can I do with my FIL coins?

You can use your FIL coins to pay for Filecoin’s storage services or stake them to set up a storage miner node. Alternatively, the coin can also be traded on established crypto exchanges.

  • How can you buy FIL cryptocurrency?

You can buy FIL coins with fiat or cryptocurrencies on well-known crypto exchanges. Look out for FIL trading pairs with coins like ETH, USDT, BTC, XRP and more.

Filecoin Price4.3579 USD
Market Rank#31
Market Cap1,453,059,647 USD
24h Volume60,960,051 USD
Circulating Supply333,431,464 FIL
Max Supply44,584,205 FIL
Yesterday's Market Cap1,449,469,600 USD
Yesterday's Open / Close4.5875 USD / 4.3471 USD
Yesterday's High / Low4.5976 USD / 4.314 USD
Yesterday's Change
-0.05% ( 0.2404 USD )
Yesterday's Volume66,802,010 USD
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