Bitcoin and altcoins are heating up ahead of the long-awaited Ethereum Merge, but do bulls have enough strength to sustain the rally?
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More resilient and user-controlled than the AWS: Colin Evran's vision for Filecoin
At the beginning of 2021, Filecoin was a relatively unknown decentralized peer-to-peer storage service with a total network capacity barely making a dent in the digital storage space. Less than 2 years later, the Filecoin team claims the blockchain has grown to eclipse 10% of the storage capacity of Amazon Web Service, the most popular vendor in the cloud infrastructure services market. This includes the use of the storage — by well-known blockchain firms such as OpenSea and Magic Eden — of some 239.03 terabytes of nonfungible tokens (NFTs), worth an estimated $26.6 billion as of early September.
NFT storage on Filecoin | Source: NFT.Storage
How did Filecoin become so successful? And what motivates its developers to grow the ecosystem? Colin Evran, ecosystem lead at Protocol Labs, which is the creator of Filecoin, says a big factor in his desire to join Filecoin was his disillusionment with how things operate in Web2.
"It's still going in the wrong direction," he said. "A handful of companies are now controlling the world's data, in my opinion, without checks and balances in many ways. And I just thought such levels of centralization over a period of many decades isn't going to be the answer for everyday users.
"I fundamentally believe if you zoom out 40 years from now, the answer is not like AWS storing 100% of the world's data. I don't think that's good for society. I don't think that's what users really want," he said.
More resilient and user-controlled than the AWS: Colin Evran's vision for Filecoin
“Filecoin is more than just storage, one can think of it as an Airbnb for cloud services."
CME Group premiers ETH futures options trading as the world braces for The Merge
The new offering fits in with the variety of crypto-based products the major derivatives marketplace has developed since launching its pioneering BTC futures contracts in 2017.
Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund
“Effective after the close of business on October 3, 2022, the Fund’s shares will generally no longer be available for purchase," said a Stone Ridge filing with the SEC.
Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund
“Effective after the close of business on October 3, 2022, the Fund’s shares will generally no longer be available for purchase," said a Stone Ridge filing with the SEC.
Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence
Tether USDT is now live on 11 blockchain networks, including the Near Network, Polygon, Kusama, Ethereum, Omni and others.
Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence
Tether USDT is now live on 11 blockchain networks, including the Near Network, Polygon, Kusama, Ethereum, Omni and others.
Starbucks announces new NFT experience for coffee members
The nonfungible tokens, or NFTs, are minted on a proof-of-stake blockchain built by Polygon.
Glimpses of positive momentum in an overall bearish market? Report
Bitcoin’s price closed out August with a 13.4% decline, but BTC nearing its all-time high long-term-holder supply of 13.61 million flashes a bullish signal.
Bitcoin might be down but interest in crypto and NFTs is here to stay: Ledger CEO
According to Pascal Gauthier, CEO at Ledger, in spite of the bear market there is a lot to be optimistic about in the crypto and Web 3 space.
Bitcoin hits 3-week high as trader says 'all signs there' to short BTC
Little faith remains in continued upside for BTC price action after a week of solid gains brings back the 100-day moving average.
Bitcoin hits 3-week high as trader says 'all signs there' to short BTC
Bitcoin (BTC) kept grinding higher at the Sept. 12 Wall Street open as traders called for an imminent correction.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$23,000 proves essential to flip
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $22,481 on Bitstamp, its highest since Aug. 19.
The pair had preserved existing gains over the weekend, with a declining U.S. dollar providing a catalyst for risk assets as the week began.
The S&P 500 and Nasdaq Composite Index both traded up 1.1% after the first two hours’ trading. By contrast, the U.S. dollar index (DXY) was down 0.7% on the day.
U.S. dollar index (DXY) 1-day candle chart. Source: TradingViewAnalyzing the situation, popular trader Crypto Ed said that the time had now come to eye a corrective move on BTC/USD.
Bitcoin hits 3-week high as trader says 'all signs there' to short BTC
Little faith remains in continued upside for BTC price action after a week of solid gains brings back the 100-day moving average.
Bitcoin hits 3-week high as trader says 'all signs there' to short BTC
Bitcoin (BTC) kept grinding higher at the Sept. 12 Wall Street open as traders called for an imminent correction.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$23,000 proves essential to flip
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $22,481 on Bitstamp, its highest since Aug. 19.
The pair had preserved existing gains over the weekend, with a declining U.S. dollar providing a catalyst for risk assets as the week began.
The S&P 500 and Nasdaq Composite Index both traded up 1.1% after the first two hours’ trading. By contrast, the U.S. dollar index (DXY) was down 0.7% on the day.
U.S. dollar index (DXY) 1-day candle chart. Source: TradingViewAnalyzing the situation, popular trader Crypto Ed said that the time had now come to eye a corrective move on BTC/USD.
Chamber of Digital Commerce says 'the time has come' for the SEC to approve a Bitcoin ETF
“As the SEC continues to stonewall, the United States continues to fall further behind other countries as capital that would have been invested in the United States," said the CDC.
While the banks were closed, Bitcoin reached 5,000 days online
Bitcoin celebrates a milestone of 5,000 days online on Sept. 12, 2022, as miners continue to solve valid blocks on average every 10 minutes.
How adoption of a decentralized internet can improve digital ownership
Web2 lacks ownership, but Web3 will provide users more control over platforms, websites and protocols.
Accused 'shadow banker' Reggie Fowler seeks a 6-month sentencing delay
Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment.
Technically, it was Fowler’s lawyer Ed Sapone who requested an “unusually long adjournment,” justifying it with his “serious medical condition” as well as with the necessity to obtain information relevant to the case from financial institutions, entities and individuals located in Europe.
According to independent journalist Amy Castor, who reported this development, Sapone made his request on Saturday — three days before the scheduled sentencing. As the prosecutors didn’t protest the adjournment, it will grant Fowler at least six months of freedom. He now resides in Arizona on bail.
The 63-year-old is being accused of operating the shadow bank to the crypto sector, Crypto Capital, which was at the center of controversy in the court case against iFinex Inc — the parent company of crypto exchange Bitfinex and stablecoin issuer Tether. U.S. prosecutors allege that Fowler provided unlicensed money-transmitting services to several crypto firms, along with bank fraud and laundering funds on behalf of Columbian drug cartels.
Related: Mt. Gox creditors fail to set repayment date, but markets to remain unaffected
Elon Musk, Cathie Wood sound 'deflation' alarm — is Bitcoin at risk of falling below $14K?
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate.