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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BTC’s shallow correction near the $25,000 level could lead to dip buying in FIL, OKB, VET and RPL. The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto…
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This week’s bearish regulatory actions and rumors were not strong enough to suppress investors’ appetite for cryptocurrency. The total crypto market capitalization rejected at $1.13 trillion on Feb. 16, but there was no change in the month-long ascending channel structure. More importantly, this level represents a 43% gain in 2023, which is far from the…
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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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Bitcoin could take a break from its sharp rally and if its price bounces off underlying support, APE, MANA, AAVE and FIL could break out. After nearly a 20% rally last week, Bitcoin (BTC) is on track to end this week with gains of roughly 10%. Bitcoin’s rally has improved sentiment and attracted buying in…
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AR, the native token of a relatively less-known decentralized storage service called Arweave, has gained over 45% over the past week amid the news that Meta has chosen the protocol to archive its creators’ digital collectibles…. Read More: Arweave Price Prediction as Instagram uses Storage Service, AR up 45% in 7 Days Read more »Sign…
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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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The organization said that it intends to promote awareness and adoption of decentralized technologies, such as Filecoin, IPFS and Libp2p. Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement, one of the main goals of the newly formed alliance…
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This free storage utility aims to address the shortcomings of traditional storage solutions for all types of digital environmental assets, said the company. Filecoin Green, a Protocol Labs initiative designed to reduce the environmental impact of FIlecoin (FIL) and make it verifiably sustainable, has spearheaded an initiative to power Web3 technology with verifiably clean energy. …
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