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


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0.00035048 BTC
Market Cap (Rank#35)
90,371 BTC
Vol 24h
13,451 BTC
Circulating Supply
Max Supply
6h agonulltx
Traffic Summit – Be One Step Ahead of the Digital Marketing Industry
Turkey is one of the most appealing business hubs. Thousands of attendees and the world’s top experts in 10+ professional fields, including performance, affiliate, and crypto marketing. And this is just the “tip of an iceberg” of the Traffic Summit conference. The two-day event program of Traffic Summit is tailored to maintain the perfect balance […] The post Traffic Summit – Be One Step Ahead of the Digital Marketing Industry appeared first on NullTX.
7h agocointelegraph
German crypto bank Nuri with 500K users files for insolvency
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”
16h agocoindesk
German Crypto Exchange Nuri Files for Insolvency
Cryptocurrency exchange Nuri has filed for insolvency in a Berlin court.
18h agocryptodaily
Celsius CEO Under Investigation By Creditor Committee
The Celsius creditor committee has stated that it will be investigating the conduct of CEO Alex Mashinsky and other insiders. Committee To Investigate Celsius Debacle On July 27, the U.S. Trustee appointed the Official Committee of Unsecured Creditors for the bankrupt crypto lender Celsius Network. In its first official statement released on Monday, the committee revealed its intentions to conduct in-depth investigations into CEO Alex Mashinsky and other Celsius insiders on the grounds of problematic asset deployment decisions, prepetition transfers, and other issues. The seven individuals and institutional representatives who constitute the committee are Caroline G. Warren, Thomas DiFiore, ICB Solutions, Christopher Coco, Andrew Yoon, Mark Robinson, and Covario AG. They all hold digital assets in the Celsius platform and are highly motivated to maximize recoveries for all account holders and unsecured creditors. Celsius CEO’s Suspicious Behavior Mashinsky has been under a lot of fire for not being upfront about the conditions of the Celsius platform. However, as pointed out by the committee statement, he had continued to reassure customers about the stability of the Celsius platform even at the brink of bankruptcy. In fact, days before announcing bankruptcy, Mashinsky had claimed that the platform was successfully processing withdrawals, as it had more than sufficient reserves to support its operations. He also reassured the customers that all funds were well-protected on the platform under robust risk management frameworks. Barely a week later, Celsius paused all withdrawals, claiming a lack of liquidity. A month later, the company filed for bankruptcy. Committee Objectives In its statement, the committee declared that it had five main objectives, including the investigation of Celsius. It stated, “The Committee intends to thoroughly investigate the prepetition conduct of Mashinsky and other Celsius insiders, including the problematic asset deployment decisions, prepetition transfers, and other issues. The Committee has already started this investigation and will work to ensure causes of action against Mashinsky and others are preserved and prosecuted for the benefit of the Debtors’ estate and the Committee’s constituents.” Its other objectives include safeguarding account holders’ funds, overseeing the development of a viable business plan to preserve cash reserves, exploring strategic options to reorganize or sell the business, and establishing a clear line of communication with stakeholders. The committee has also set up a Twitter account to update the community on regular basis and will be engaging Kroll Inc. as its independent information agent. 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.
20h agocoindesk
Former Terra-Affiliated Project Kujira to Issue Stablecoin
The USK stablecoin is taking a cue from DAI and is set to maintain its price peg by a combination of overcollateralization of ATOM tokens and trading incentives.
20h agocoindesk
Renewable Energy Company Closes $4.3M Capital Round to Convert Landfill Methane Into Bitcoin
Vespene Energy’s first funding round was led by Polychain Capital.
21h agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. 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
23h agocryptodaily
Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Dubai, UAE, 9th August, 2022, ChainwireEverdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The announcement comes during a period of heightened activity for Everdome, particularly in terms of its product roll-out and the company’s auction of metaverse land plots. Since June 2022, a total of 11,700 plots (97%) located throughout the Everdome metaverse were sold throughout an eight-week auction experience. In total, plots were purchased for upwards of US$18.6 million, which is equivalent to 1,531,000,000 $DOME, Everdome's own digital currency. The average price of a plot of land in Everdome was 130,000 $DOME. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200% of its average daily volume, in Tokens across multiple exchanges to GEM Digital. According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome's offering and ensure future sustainability in the business. "We're thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we're on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM's investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level." GEM's investment will be focused on team growth and metaverse technological expansion and will see the game's virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome's sustainable growth. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City. The metaverse platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art, photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. Built on Unreal Engine 5, Everdome will deliver a real-world-extended experience- pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries. To learn more about Everdome, visit About Everdome Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly -ultimately creating the most realistic web3 experience. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.ContactsHead of PRYousef BatterWhite Label [email protected]+971559356531
1 day agocryptopotato
Notorious Lazarus Group Attempted Cyber-Attack, Alleges deBridge Co-Founder
The suspicious emails consisted of a malicious file that would collect information from the infected machine and send it to the attacker.
1 day agocoindesk
Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze
The CEL token has gained about 300% since Celsius filed for bankruptcy last month.
1 day agocryptodaily
Embattled Crypto Exchange Zipmex Set To Release Bitcoin and Ethereum for Customers
Cryptocurrency exchange Zipmex will soon release Bitcoin and Ethereum tokens this week, allowing customers to retrieve their assets after it suspended withdrawals from its Z Wallet product. The move will allow 60% of its customers to retrieve their digital assets. The Singapore-based crypto exchange, which also operates in Australia, Thailand, and Indonesia, halted customer withdrawals from its Z Wallet in July amid the market turmoil citing “volatile market conditions” as reasons for doing so. It has been reported that Zipmex is facing a loss of $100 million in funds lent to crypto lender Babel Finance. Babel froze withdrawals in mid-June as volatile conditions in the crypto market led to a flurry of defaults relating to overleveraged firms such as Three Arrows Capital and Celsius Network. The company said in a Tweet that Ethereum will be released on Thursday, 11 August, and Bitcoin on August 16: Zipmex is planning to release a specific amount of ETH and BTC on 11 and 16 August respectively. We’re working hard to release the balance of Z Wallet holdings ASAP. Last week, Zipmex released Cardano (ADA), Ripple (XRP), and Solana (SOL) tokens to users’ wallets. The process started on Tuesday, August 2 with SOL, followed by XRP on Thursday, and finally ADA on Sunday. Zipmex is just one of the several cryptocurrency firms hit by the $2 trillion meltdown in the market that forced many players to halt withdrawals and some to file for bankruptcy. The firm did however announce late last month that it was in talks with investors for potential funding. Shortly after Zipmex suspended its withdrawals, the Thai Securities and Exchange Commission (SEC) launched a hotline for Zipmex customers to submit details on their losses. The SEC also launched an investigation into the exchanges, claiming the company may have violated trading rules by suspending withdrawals. It said that the firms cited inadequate reasons for such actions as “market fluctuations.” 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 agocointelegraph
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group.
1 day agocryptodaily
OWNIC Announces Release of the First-Ever Dynamic Sports NFTs
Milan, Italy, 8th August, 2022, Chainwire Digital sports collectibles startup, OWNIC, has announced the date for their first dynamic NFT drop. The platform will launch on the 22nd of August 2022 and offer the collection of the captain of the Italian national football team and Juventus, Leonardo Bonucci, on pre-sale. The release will shortly be followed by drops of notable Serie A players, the likes of Manuel Lazzari, Simone Verdi, Marco Carnesecchi, Simone Bastoni, and others. "We are very excited to get the product out and available to the public. It has been a very intense year, especially the last couple of months. However, now everything is set, the platform is active and was successfully tested, all licenses have been acquired, and we are ready to go," said Jaba Dolidze, Founder and CEO of the company. Future Plans After the release of the dynamic NFT cards of Italian Serie A players, OWNIC has already committed to launching an MMA collection with legendary fighters already on board. Rafael Dos Anjos has already announced on his Instagram his partnership with OWNIC, along with Fabricio Werdum, who has joined the platform as an MMA advisor and ambassador. As indicated by OWNIC in their official discord channel several times, the names that have been released are still only a portion of the final portfolio, which will be revealed gradually and will feature another former champion of the UFC, along with other high-profile athletes in the sport of MMA. About OWNIC OWNIC will offer multiple utilities to collectors, allowing them to play, earn, interact and govern with their digital collectibles. OWNIC’s pledge to offer at least five distinct utilities for their cards is a serious one, and they have committed to make at least three of them accessible before the end of 2022. The first two utilities that will become available will be dNFT Staking and VirtualScout. NFT Staking is an innovative take on NFT staking, as returns are calculated based on a card's power (xP), which is determined by the success of the athlete represented. InnerCircle is an exclusive feature that unlocks unlimited reward opportunities, like signed merchandise, exclusive access to events and the athletes' Metaverse. VirtualScout is a football scouting game that challenges collectors to compete against each other in leaderboard and play-off tournaments. As every dNFT at OWNIC generates points based on an athlete’s performance, the owners of the cards are challenged to contest against one another to see whose dNFT can get the most points. The prizes for successful tournaments can be vast, from monetary rewards to signed jerseys of their favorite athletes or even new and upgraded OWNIC collectibles. Ownic is an officially licensed digital sports collectibles platform. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. For more information on the product: Website | Whitepaper | Discord | ContactsChief Growth OfficerDavid [email protected]+995599154023
4 days agocoindesk
Data Provider DeFiLlama De-emphasizes Double-Counted Crypto Deposits After Saber Revelation
The website “toggled off” double-counting after CoinDesk uncovered one Solana developer’s effort to dupe the all-important metric for popularity in DeFi.
4 days agocryptodaily
All U.S. Crypto Exchanges Including Binance to be Investigated by SEC
According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC). Crypto Exchanges Under Investigation Per a report from Forbes quoting an unnamed staffer from Senator Lummis’ office, the SEC is reportedly probing Binance and every exchange in the United States. There have also been widely circulated reports that the SEC is investigating the $20 billion exchange Coinbase. According to the source, the SEC is seeking to establish itself as the country’s chief crypto regulator as it battles it out with the U.S Commodity Futures Trading Commission for oversight and regulation of the industry (CFTC). Since 2014, the CFTC has maintained authority over “virtual currencies”, but the SEC has recently made its voice known indicating that it seeks to control the industry. The SEC's chairman, Gary Gensler has said on multiple occasions that many tokens might qualify as unregistered securities, which would place them under the purview of the SEC, and last week gave its strongest hint yet that it intends to clamp down on the nascent industry. Regulators Step Up Oversight Regulations have up stepped oversight lately after the SEC charged a former Coinbase employee along with two associates for insider trading. The regulator has also claimed that the exchange let customers trade “at least nine” unregistered securities. The Coinbase insider trading allegations have sent shockwaves across the industry, and it has emerged that the regulator was probing Coinbase. Binance U.S. responded by delisting one of the tokens mentioned as a so-called unregistered security – AMP. Since the insider trading filing, SEC chairman Gensler has gone on record saying that he does not see a difference between cryptocurrency exchanges and traditional stock trading venues, continuing that there are “inherent conflicts of interest” with exchanges that act as market makers. The SEC’s wrath continued last week when it charged 11 people behind the Forsage website which it has called a “crypto pyramid scheme,” and which cost users $300 million. While the SEC and the CFTC battle it out to establish who should have regulatory oversight of the industry, the Senate Agriculture Committee introduced a bill this week, if passed, would see Bitcoin and Ethereum classified as commodities and give the CFTC oversight of the exchanges that list them for trading. 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 agozycrypto
MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble
MicroStrategy, the largest bitcoin holding-publicly-traded company in the world, took a non-cash digital asset impairment charge in the third quarter, up from $424 million in the second quarter, the latest filings have shown.
4 days agocryptodaily
Meta Expands Its NFT Integration For Instagram
CEO Zuckerberg announced that Meta is expanding its NFT support for Instagram across international borders to reach users in over 100 countries. NFT Support On Instagram As a part of its international expansion, Meta will be enabling NFT support on Instagram for over 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Users from these regions will now be able to share a verifiable version of their NFT on Instagram. The company launched its Instagram NFT support back in May on a trial basis, where only certain users in the United States could avail of the feature. The new functionality features will allow users to tag both creator and collection on their digital collectible post. Additionally, the support will also enable the user to leverage other features to highlight their post. Its authenticity will be reflected via a shimmer effect that will also display public information, including a description of the collectible. The entire feature is completely free of any charges. Features For Users Users will be able to share their NFTs as feed posts, stories, or in chat. In order to post, users have to connect their digital wallets to their Instagram accounts. Meta has also revealed that both Coinbase Wallet and Dapper Wallet can be connected to Instagram accounts. Other third-party wallets on the roster are Rainbow, MetaMask, and Trust Wallet. Supported blockchains at this time are Ethereum and Polygon, with Instagram adding another blockchain, Flow, to the list. This means that users can post NFTs minted on Ethereum, Polygon, and the Flow blockchain, which is a Layer-1 blockchain that has already partnered with ecosystems like Warner Music, Ubisoft, NBA, UFC, Animoca Brands, Circle, Binance, and OpenSea. Social Channels And NFT Functionalities Meta previously tested its NFT support feature with select creators on Facebook just a few weeks ago. At the time, the Meta team had revealed that there was no intention of leveraging the NFT functionality as paid ads. Other social channels have also been testing the waters of NFT support on their respective platforms. YouTube CEO Susan Wojcicki has mentioned the possibility of embracing web3 technologies like NFTs in order to open new horizons for YouTube’s thriving creator community. Simultaneously, Twitter Blue users in certain countries and using iOS can flaunt their NFTs with the new verifiable NFT profile picture feature. Reddit, too has launched its NFT marketplace of collectible avatars for users to buy and use as their profile pictures on the platform. 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
Crypto Lender Voyager Digital To Return $270 Million Of Customer Funds
Beleaguered crypto lender Voyager Digital has been cleared to return some of the customer funds locked up at the Metropolitan Commercial Bank (MCB) by the judge presiding over the company’s bankruptcy proceedings underway in New York, according to several news reports. The ruling clears the path for Voyager Digital to return around $270 million of frozen customer funds. Relief For Customers There was some relief in store for Voyager Digital customers, with the judge presiding over the bankruptcy proceedings ruling that the crypto lender had provided the court with a sufficient basis to support its contention that its customers should be allowed to access the funds which the Metropolitan Commercial Bank held. The ruling clears the path for Voyager to return at least some of its customer cash deposits. Voyager Digital had transferred the funds into the Metropolitan Commercial Bank account when it filed for bankruptcy on the 5th of July. Once the bankruptcy proceedings began, the funds stashed in the account were frozen. Fully Intend To Return Customer Funds Stephen Elrich, Voyager Digital CEO, stated back in July that the company fully intends to honor its commitment to its users and return the customer funds held in the Metropolitan Commercial Bank account as soon as the reconciliation and fraud prevention process concluded. Following this statement, the firm asked for the funds held in the account on the 15th of July. Voyager is in steep debt, which amounts to around $10 billion, a sum borrowed from around 100,000 creditors. However, Voyager Digital is not the only firm that has run into choppy waters over the past few months, with other brokerages and lending firms in crypto, such as Three Arrows Capital. BlockFi and Celsius are going through similar situations. “Higher And Better” Offers On The Table The crypto lender also revealed that it had higher and better buyout offers than those tabled by the FTX exchange and Alameda, in contrast with the firm’s public statements. Voyager Digital stated in its Second Day Hearing Presentation, held on Thursday, that it had received interest from around 88 interested parties that were keen on bailing out the struggling lender. It also added that the company was in discussions with over 20 interested parties. The Alameda-FTX Bid The Alameda and FTX bid was among the most high-profile bids submitted to the lender. According to the terms of the bid, Alameda would purchase all of Voyager’s assets and outstanding loans, except the loans to Three Arrows Capital. The firm would then liquidate all assets and distribute the funds through the FTX US exchange. However, this bid was rejected by Voyager Digital on the 25th of July, with the company stating that it was not “value maximizing” for its customers. It also stated that there were better offers on the table, contrary to the alleged inaccurate statements emanating from Alameda and FTX. 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.
6 days agocryptodaily
Klaytn Portfolio Rebalancer Klex Finance Launches Live Testnet
Klex Finance, a Klaytn portfolio management protocol, has launched its testnet. The move sets the stage for an imminent mainnet launch that will extend the DeFi capabilities of Klaytn’s EVM-compatible network. On August 2, Klex announced the successful deployment of its testnet, signaling that the wait for a Balancer-style DeFi protocol on Klaytn is almost over. The testnet deployment arrives just three weeks after Klex exited stealth mode with its maiden blog post. In the “Hello World,” announcement, Klex noted that Klaytn “lacks a native and efficient automated portfolio management and swaps protocol that supports all types of AMM pools.” Klex Finance has been designed to drive greater capital efficiency that will connect the entire Klaytn ecosystem. More Liquidity, Less Slippage One of the greatest challenges facing users of decentralized finance platforms is liquidity fragmentation. Having multiple DEXs and AMMs on a network might be good for decentralization and censorship resistance, but it leaves liquidity in shallow pockets rather than deep pools. There are a couple of solutions to this problem. One is to create an aggregator that splits orders across multiple DEXs to ensure less slippage and better pricing. And the other is to create more efficient pools. Klex Finance has gone for the latter approach, emulating Balancer’s tried and tested design to offer three options for DeFi traders: Weighted pools that can support up to eight different tokens Stable pools for swapping stablecoins or synths at size Liquidity bootstrapping pools for launching new tokens All this will come bundled with Klex protocol when it debuts on mainnet, together with such features as reduced gas fees and better LP incentives. Liquidity providers will earn a share of the fees generated from each Klex pool, while traders can look forward to more efficient swaps between assets such as USDC, WBTC, and KLAY. Krew Flexes Its Muscles Klex is the second product to be developed by Klaytn accelerator Krew. It follows the success of Klaytn Lending Application (KLAP), which grew to become the second most popular dApp on Klaytn within weeks of its launch. More than $47 million in assets are now locked into the KLAP platform according to data from DefiLlama. Krew will be hoping it can pull off a similar feat when Klex goes live. While there’s lots to be done with Klex Finance before a native token can be discussed, it’s inevitable that the protocol will follow KLAP in launching one. In late July, the KLAP token was issued to early users of the lending and borrowing protocol, together with a veKLAP provision for stakers, who can earn additional rewards. Klex will follow suit once its platform has been suitably battle tested. In a blog post describing the user experience that Klex will provide, it was explained that “KLEX holders will vote on proposals relevant to the Protocol, such as…protocol fees to how KLEX tokens themselves are distributed, like the allocation of tokens towards the Klex Liquidity Mining program.” Once the testnet program has concluded, Klex Finance will announce its mainnet launch, ushering in a new era for portfolio management on Klaytn. 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
6 days agocryptodaily
There's A New MetaMask Phishing Campaign, Here's How You Can Avoid Getting Hacked
Halborn, a blockchain security firm based in Miami, Florida, recently disclosed and issued a set of warnings and guidelines to mitigate what they identified as a new phishing campaign, which specifically targeted MetaMask users. Fresh off of a $90 million Series A funding round, Halborn provides blockchain security infrastructure and analytics for crypto and Web3 firms. According to a report from Halborn, the active phishing campaign utilized emails and sent these malicious messages to a number of current and active MetaMask users through social engineering, a type of attack vector that tricks people into giving up confidential information or access to systems. The campaign uses a fake version of the MetaMask extension in an attempt to steal user’s private keys, mnemonic phrases, and other sensitive data. MetaMask has worked in the past before with Halborn, with a case resolved in June after a previous security notice from Halborn which identified a MetaMask user's private keys found on an unencrypted disk. The security report was responded to with a patch from MetaMask for version 10.11.3 moving forward. Previous iterations of new malware were also found in late July. This malware, called Luca Stealer, was written in Rust, targeting Web3 infrastructure. Mars Stealer, Another malware which specifically targeted MetaMask, was also discovered earlier in February. Halborn discovered that the phishing campaign was active after its analysis of scam emails received in July this year. The emails appeared to be authentic with the branding and logomark of MetaMask, asking users to comply with Know Your Customer (KYC) procedures and verify their wallets. Errors such as spelling and obviously fake email addresses were also noted, with a fake domain even making it through the emails. Current security for emails often have spam filtering and phishing detection algorithms, but these can be reverse-engineered by creating false identities and marking domains with similar-sounding or similarly spelled names. Since these email messages were able to bypass standard security measures, it is likely that the cybercriminals behind this campaign have a more sophisticated understanding of social engineering. The attacks were launched through links in the emails, which redirected unwary users to a bogus MetaMask login page. According to Halborn, these bogus pages directly asked users to provide their seed phrases, hence giving the threat actors unauthorized access to a user's wallet. Phishing scams and other kinds of hacks have proliferated across the crypto space in the last few years, with a number of high-profile DeFi protocols, exchanges, and wallets being targeted. Another hallmark of phishing scams, according to Halborn, is that there is no personalization within the message, which is to say, a recipient is not called their actual registered name. Malicious links are often also revealed through a desktop browser by hovering a cursor over the call to action button. Halborn has advised all MetaMask users to be extra vigilant when clicking on links in emails, even if they appear to come from a trusted source. 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.
7 days agocointelegraph
Kim Kardashian legal team files motion to dismiss EthereumMax crypto lawsuit
Kim Kardashian's lawyers filed a joint motion to dismiss the class-action complaint against the American businesswoman for promoting an alleged 'pump and dump' crypto token.
8 days agocointelegraph
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
8 days agozycrypto
Vauld Gets Three Month Moratorium From Singapore Court – Here’s What It Means For Creditors
Troubled Vauld obtained a three-month moratorium for the courts in Singapore as it hoped to put its house in order. The exchange’s 147,000 creditors are now barred from taking legal action against the company for the duration of the moratorium. Several distressed crypto companies are filing for bankruptcy in the wake of a chaotic couple […]
8 days agonulltx
How to Create an NFT Profile Picture for Twitter Blue
You’ve probably seen Twitter’s new NFT profile picture feature, which features a hexagonal shape for your profile rather than the standard circle. The feature is meant for those users who’d like to show off their prized possessions by connecting their wallets and verifying ownership of the NFT. While the feature is great for those looking […] The post How to Create an NFT Profile Picture for Twitter Blue appeared first on NullTX.

About Filecoin

The live price of Filecoin (FIL) today is 8.0873 USD, and with the current circulating supply of Filecoin at 257,852,451 FIL, its market capitalization stands at 2,085,322,712 USD. In the last 24 hours FIL price has moved -0.7222 USD or -0.08% while 284,149,920 USD worth of FIL has been traded on various exchanges. The current valuation of FIL puts it at #35 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 Price8.0873 USD
Market Rank#35
Market Cap2,085,322,712 USD
24h Volume310,392,721 USD
Circulating Supply257,852,451 FIL
Max Supply44,584,205 FIL
Yesterday's Market Cap2,072,488,700 USD
Yesterday's Open / Close8.7702 USD / 8.048 USD
Yesterday's High / Low8.8203 USD / 7.9716 USD
Yesterday's Change
-0.08% ( 0.7222 USD )
Yesterday's Volume284,149,920 USD
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