The 2017 crypto ICO that raised $200m in 60 minutes is finally launchingBTC $11,504 (+1.1%) • ETH $378 (+0.6%) • XRP $0.246 (-1.1%)
Those that were around in 2017 and 2018 likely remember the name Filecoin. Launched in late 2017, the protocol was branded as a payment system that would use blockchain technology to store and retrieve data. As esoteric as it may sound, the concept gained much traction in the crypto-asset space. It garnered so much traction, in fact, that it raised $200 million from accredited investors in the span of sixty minutes. Retail investors with Bitcoin and Ethereum could not participate in that sale. Filecoin was so popular at the time that it managed to sell coins to legendary venture capital companies like Sequoia Capital, Andreessen Horowitz, and Union Square Ventures. But in the three years that followed this rapid sale, Filecoin went quiet. The project became somewhat of a relic lost to memory. This writer, for one, forgot that the project existed until only recently, when it began picking up steam as its launch neared. At long last, Filecoin is here. The project is set to launch shortly. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Charles Hoskinson and Dovey Wan join star-studded line-up for BlockDown 3.0 SpooktacularBlockDown 3 is gearing up for yet another stunning event with the virtual conference series announcing a host of big-name speakers that will join guests at the Halloween special event. IntoTheBlock launches DeFi Insights tool for crypto traders and investorsThe rise of decentralized finance (DeFi) has been buoyed on trends like non-custodian lending, automated market making, and yield farming, which together, have opened newer possibilities for users to spend and use their cryptocurrency holdings, while even earning attractive interest rates. These 3 long-term indicators show Ethereum has “never been healthier”The Ethereum network has been placed under immense strain in recent months, with the ongoing DeFi trend driving massive demand to the network as traders begin utilizing decentralized exchanges and providing liquidity to various protocols. A first look at the projects competing for Cardano’s Fund2The second-ever Cardano fund is in full effect, with three of the dozens of projects now competing for a part of the 2 million ADA fund presented on the Cardano Effect podcast. ShapeShift CEO: DeFi, not Bitcoin, is the “most cypherpunk thing” in cryptoThere are many segments of the crypto industry that do not respect the decentralized finance (DeFi) ecosystem of Ethereum. Yearn.finance founder launched a new Ethereum experiment, gained $6m in hoursOne of the most prominent innovators in DeFi, Yearn.finance (YFI) founder Andre Cronje shocked the crypto industry once again on Tuesday when he rolled out his latest experiment. eToro: Crypto is still “retail dominated,” Zcash has the highest “sentiment” score, and how FTX gained from Blockfolio acquisitionA new report jointly-published by eToro and The TIE explored the cryptocurrency landscape for Q3 2020, finding out long-term sentiment metrics for popular cryptocurrencies and how mergers and acquisitions proved to be the best indicator for future price rises. Blockchain at the center of Korean island’s $5 billion development planWon Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies. VC has “no clue” how Chainlink, Litecoin, other cryptos have billion-dollar valuationsAt least thus far, the ongoing crypto-asset bull run has been almost solely focused on decentralized finance (DeFi). Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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