Author: CoinNewsJunction.com
Key takeaways: Filecoin price predictions suggest an average market price of $2.65 in 2025 By 2028, the price is projected to reach $9.03 By 2031, FIL may reach $29.69 Filecoin is a decentralized storage network designed to securely and efficiently store humanity’s most important information. Launched by Protocol Labs in October 2020, it utilizes blockchain technology to create a peer-to-peer digital storage marketplace. Users can rent unused hard drive space to earn Filecoin tokens (FIL), the network’s native cryptocurrency. The system operates on a proof-of-replication and proof-of-spacetime consensus mechanism, ensuring that data is reliably stored over time and that storage…
TLDR: Tether leases a 20,000+ GPU network to advance freedom-first AI infrastructure. Partnership with Rumble and Northern Data integrates crypto, AI, and creator tools. QVAC platform benefits from high-speed GPU clusters for model training and content tools. Initiative emphasizes decentralization, resisting censorship, and empowering users globally. Tether has entered a major partnership to advance AI computing infrastructure and creator-focused tools. The stablecoin issuer signed an agreement to lease a significant portion of a 20,000+ GPU network. This network is among the largest globally, supporting AI research and Tether’s QVAC platform. The move aligns with Tether’s focus on freedom-first digital services…
BitMEX co-founder Arthur Hayes transferred $2.5 million worth of Ethereum and ecosystem tokens to institutional market makers including Flowdesk, FalconX, and Wintermute. Blockchain analyst EmberCN reported the moves and questioned whether Hayes is selling assets to add to his Zcash position. Hayes has been vocal about his ZEC (ZEC) holdings during the recent privacy coin rally. On November 15, he posted, “This chart is just so strong I aped more. $ZEC” on X and suggested that he increased his position after the token’s 700% surge since October. X post by analyst EmberCN Arthur Hayes transfers ETH and ecosystem tokens worth…
The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade. Summary Avalanche price has tumbled to a crucial support level this month. The network will activate the Granite upgrade this week. Technical analysis suggests that it has more downside if it loses this support. Avalanche to activate Granite upgrade Avalanche (AVAX) token was trading at $15.67, a key support it has failed to move below several times since March this year. Its plunge from its highest point in November has brought…
TLDR The Czech National Bank has created a $1 million portfolio, mainly invested in Bitcoin. The CNB aims to explore blockchain technology’s potential in reshaping financial systems. The test portfolio includes bitcoin, a USD stablecoin, and a tokenized deposit for diversification. The $1 million investment is separate from the CNB’s international reserves and monetary policy. CNB plans to share insights from this test portfolio over the next 2-3 years. The Czech National Bank (CNB) has become the first central bank to purchase Bitcoin, marking a notable step in integrating digital assets into traditional financial systems. On Thursday, the bank revealed…
Tom Lee, CIO of markets insight firm Fundstrat Capital, believes that the cryptocurrency market will recover from the current downturn, which has the characteristics of a transitional event. For Lee, the market might enjoy a post-Thanksgiving rally, ready to reach higher heights. Fundstrat’s Tom Lee Reinforces Bullish Stance, Bets on Post-Thanksgiving Crypto Market Rally The […] Source link
In this week’s edition of the weekly recap, Strategy’s Michael Saylor rejected speculation about Bitcoin sales while affirming continued accumulation despite price declines. In other developments, the Justice Department secured multiple convictions for assisting North Korean cryptocurrency operations, and Ethereum… Source link
A recent comment from crypto analyst CryptoTank has brought attention to a long-standing misconception about the size of the XRP community. His post focused on the widely quoted figure of seven million XRP wallets and explained why this number does not represent the number of real holders. The clarification arrives at a time when XRP is now positioned to start to receive institutional inflows from the recently launched Canary Spot XRP ETF. Related Reading Why Wallet Count Does Not Equal Holder Count CryptoTank noted that nearly 7 million wallets holding XRP does not translate to millions of people owning the…
TLDR: Chainlink consolidates in a 2W triangle, signaling potential breakout toward $22–$50. $26M in LINK exited Binance, reducing liquid supply and indicating accumulation. ETF registry listing raises odds of first-ever spot LINK ETF launch. On-chain flows show whales are moving LINK to cold wallets for long-term holding. Chainlink (LINK) is displaying signs of bullish momentum after consolidating in a tight two-week triangle. At publication, the price sits at $15.62, down 2.97% in 24 hours but up 5.67% over the week, per CoinGecko. Traders are closely monitoring a potential breakout that could unlock price targets at $22, $31, and $50. Meanwhile,…
The crypto market has taken another heavy hit, leaving many investors wondering what comes next. Major assets slipped sharply, altcoins bled double digits and sentiment across the industry shifted almost overnight. For newcomers, it looked like chaos. For veterans, it was just another day in the world of digital assets. But this time something different is happening. As markets shake, users are moving toward platforms considered more stable, transparent and regulated. And one name keeps circulating more than expected: RentStac. Why the Crash Caught So Many Off Guard Crypto downturns are nothing new, yet the latest drop hit harder than…