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Filecoin miners are paying large investors an annual percentage rate as high as 40% to borrow FIL, the closely-held native token required to participate in the decentralized storage network.This dynamic has created a lending market and is leading to more questions about Filecoin’s economic model. The lack of liquidity in tokens
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Filecoin has undergone a strong drop since its all-time highs above $100 set on its launch date earlier
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The mandatory upgrade is the first post-launch upgrade to the Filecoin network. Source
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In this issue Filecoin’s mainnet launch marred by miners’ complaintsAssociated Press joins Everipedia to publish US elections data on blockchainUSDC adds Stellar blockchain as another alternative to congested EthereumIn China: OKEx under police investigation and suspends exchange servicesFunding spotlight: Investors bet $100 million on ‘neobank’ in India From the Editor’s DeskDear Reader,Blockchain’s
Read MoreJuan Benet, the creator of blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since last week “nonsense.”According to a report by 8btc.com, five of the largest Filecoin miners turned off thousands of rigs to protest the platform's economic model. Under this system,
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Top shelfToken protestFive of the largest Filecoin miners, which secure that data storage network, have gone on strike, bringing attention to the project’s “unfair” economic model. According to a report by 8btc.com, miners are required to stake a significant amount of FIL tokens to start mining operations. But there’s a
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Filecoin, a decentralized storage network launched by Protocol Labs, is off to a rocky start after a strike by miners just one day after its highly anticipated miannet launch on Oct. 15. Five of its largest miners turned off their machines to protest the project’s “unfair” economic model that requires a
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Yesterday, after years of waiting, Filecoin (FIL) finally launched, Funded by legendary venture capital companies like Sequoia Capital,
Read MoreTwo days after a whiplash-inducing launch that saw Filecoin’s FIL token rocket 118% before a nearly 80% plunge, the blockchain-based data storage platform turns now to a weeklong digital conference in the hopes of righting the ship. Billed “Filecoin Liftoff Week,” the event is centered on education, infrastructure, interoperability, and future
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Filecoin popped then dropped in an erratic first day of trading. Source
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