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TL;DR The SEC expands its lawsuit against Binance, now classifying tokens such as Axie Infinity (AXS), Filecoin (FIL), and Cosmos (ATOM) as unregistered securities. Binance and its subsidiary BAM Trading are accused of promoting these tokens as investments without complying with the necessary regulations.
The SEC's latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
Filecoin has formed a new partnership with Storacha, a move aimed at bolstering decentralized storage solutions. Here's a closer look at these updates and their implications for the future of Filecoin.
Filecoin (FIL) reaches over 4 million blocks, introduces Fast Finality, and collaborates with Storacha for enhanced decentralized storage.
Storacha partners with Filecoin (FIL) to revolutionize decentralized hot storage using Proof of Data Possession (PDP), ensuring secure, accessible data with top-tier availability and durability.
Filecoin (FIL), the decentralized cloud storage marketplace and protocol, is looking to catalyze further growth with the unveiling of a new public goods developer team. Filecoin's latest announcement? On August 22, 2024, the top project in the decentralized physical infrastructure network (DePIN) ecosystem by market cap, announced the launch of FIL-Builders, or FIL-B.
The altcoin industry has consolidated in a bearish outlook for the past five months despite the notable rise in demand from institutional investors. The increased crypto regulatory clarity in the United States has created an enabling environment for further altcoin growth.
FIL-B introduces a public goods DX team to support builders on Filecoin (FIL), aiming to enhance the developer experience and community growth.
Filecoin (FIL) announces FIL RetroPGF 2, FIL Dev Summit 5 in Bangkok, and several new initiatives in its latest update, enhancing the decentralized web.
Filecoin (FIL) introduces FIL-RetroPGF-2 with increased funding, streamlined processes, and enhanced UX to support public goods projects.
Several challenges are undermining Filecoin's position as a leading project among Decentralized Physical Infrastructure Networks (DePIN). Despite notable price swings, with FIL reaching a yearly high of $11.46 in June, its value has since dropped by nearly fourfold.
Grayscale, the world's largest crypto asset manager, now operates at least 17 single-asset crypto investment products.
Grayscale also launched funds for protocols Bittensor and Sui in August.
The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.
Filecoin (FIL) announces new FVM explorer, successful nv23 waffle upgrade, and partnerships with SingularityNET and Bagel in its latest news update.
Filecoin price fell 7% to $3.2 on Monday amid the broader market correction. Over the past 24 hours, the cryptocurrency market has seen total liquidations of approximately $1.23 billion, according to coin glass data.
Like other altcoins, Filecoin (FIL) faces intense volatility following the wider market collapse. The latest data from several price tracking platforms shows that FIL's price has decreased by a staggering 16.38% in the last 24 hours.
This week, significant news from the traditional and decentralized finance sectors is underway in the crypto sphere. Some projects, including Filecoin and MultiversX, are gearing up for important updates.
Filecoin remains beaten up by the current market's heavy volatility as it continues pointing downwards. According to the latest market data, FIL plummeted by 18% since last week, representing a significant slash in value.
Like every other network upgrade, the NV23 upgrade is a move by Filecoin aimed, first, at improving its network performance.
The public mainnet of modular infrastructure platform Lava Network is live, having launched on July 30 with support from some of the industry's top players and projects.
Marta Belcher of the Filecoin Foundation discusses deploying IPFS in space, civil liberties, and crypto policy developments in a recent podcast episode.
Lava Network's mainnet launch, supported by major ecosystems, enhances decentralization and interoperability, fostering broader Web3 adoption. The post Lava Network launches mainnet with Filecoin, Starknet, Cosmos support appeared first on Crypto Briefing.
FIL, the native token of the leading decentralized storage system Filecoin, is poised to lose its recent gains as buying pressure begins to wane.
