Filecoin (FIL) Faces Downtrend as Base Fee Variation Declines: Analysis
Filecoin (FIL) has been experiencing a downtrend, with its base fee variation declining and a slight variation in storage power trends. The FIL price has also been consolidating and observed a 1.9% decline in the intraday session. Filecoin is a decentralized storage system designed to store impor ...
Cryptocurrency Fraud Trial: Allegations of $82.2 Million Filecoin Pyramid Scheme
China's Pingnan District People's Court has begun public hearings in the trial of five people accused of setting up a fraudulent scheme to mine the cryptocurrency Filecoin. Prosecutors accused defendant Lai Mouhang and his accomplices of creating a 600 million yuan (about ...
Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA
Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.On the macroeconomic front ...
Filecoin storage utilization surpasses 7% in Q2: Report
According to a July 13 report by Messari, Filecoin currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared with 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage c ...
Bitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakout
Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago. ...
Universities use blockchain-based storage to protect and democratize data
Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible. Danny O’Brien, a senior fellow at the Fileco ...
Mark Cuban Suggests a Strategy to Evade SEC Scrutiny for Cryptocurrency Issuers
American billionaire and reality TV star Shark Tank offered a way for cryptocurrency issuers to avoid SEC harassment. Mark Cuban believes that cryptocurrency issuers could immediately issue their assets and use them to provide liquidity through decentralized finance (DeFi), ...
Top 5 Promising Altcoins to Watch in March 2023
BeInCrypto's team of editors has curated a unique list of the top five altcoins with the most potential in March, based on upcoming events and ecosystem developments. Optimism (OP), Polygon (MATIC), and Filecoin (FIL) have made the cut due to their respective mainnet upgrades launching next month ...