Crypto markets are generally flat or trading with a slight positive bias on Friday, with the latest US jobs numbers for June not having rocked the boat too much. Bitcoin (BTC) was last around $30,000, ether (ETH) around $1,870, while the overall market’s capitalization was half a percent up around $1.18 trillion. For crypto investors…
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Bitcoin (BTC) and ether (ETH) are both trading with a positive bias amid a quiet start to the week. BTC was last hovering in the upper $30,000s, close to its recent highs above $31,000, while ETH just hit its highest level since May in the $1,970s, with the world’s second-largest cryptocurrency looking to retest the…
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The cryptocurrency market has been affected this week by uncertainty surrounding the U.S. debt ceiling vote and potential interest rate hikes. While legislation to raise the debt ceiling and cut government spending was introduced in the House of Representatives on Tuesday, the market remains on edge due to the bill’s unclear fate until it is…
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The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying it believes its underlying asset is a security. The United States Securities and Exchange Commission (SEC) has asked Grayscale Investments to pull its application for a Filecoin Trust, warning that its underlying asset, Filecoin (FIL), can be seen as a security.…
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In a remarkable display of resilience, Bitcoin has broken the $30,000 barrier for the first time in ten months, after plummeting to a two-year low in November. With this surge, questions arise as to whether the bear market has ended, and what impact this resurgence in the cryptocurrency market might have on the best cryptos…
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FIL, the ticker for the Filecoin cryptocurrency that powers Filecoin’s decentralized storage blockchain protocol, has been taking a breather in recent days after enjoying spectacular gains earlier this month. FIL/USD was last changing hands around $7.75, now more than 18% down versus earlier monthly highs in the $9.50 area, though the cryptocurrency remains higher by…
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The cryptocurrency market experienced a significant decline on Thursday, with a net outflow of $35.215 billion causing the market cap to fall by 3.32% from $1.062 trillion to $1.026 trillion. This news comes as a blow to bullish investors who have seen the cryptocurrency market rally in recent weeks. What are the best cryptos to…
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Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol…
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FIL, the native token of the decentralized storage network Filecoin, has gained around 15% over the past 24 hours amid the news that Meta has selected a decentralized data storage solution to archive its creators’ digital collectibles. The token is currently trading at $5.96, up by 13.6% over the past day. Furthermore, FIL is up…
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Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano (ADA) Cardano (ADA)…
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