Latest news with #Filecoin
Yahoo
a day ago
- Business
- Yahoo
Filecoin Tumbles 5% After Breaking Below Key Support Level at $2.54
Filecoin FIL has broken below a critical support level at $2.54, dropping 4.87% in 24 hours amid accelerating bearish momentum, according to CoinDesk Research's technical analysis model. The move comes as the broader market gauge, CoinDesk 20 Index, fell 2.6% in the last 24 hours. The cryptocurrency's recent price action reflects broader market uncertainty as investors navigate complex global economic conditions and reassess risk exposure across both traditional and digital asset classes. Technical Analysis: Price declined from $2.62 to $2.50, representing a range of $0.127 (4.87%) over 24 hours. Notable volume spikes occurred during the 07:00 and 13:00 hours, with the latter coinciding with a sharp rejection at $2.55 resistance level, confirming selling pressure. The cryptocurrency broke below the critical $2.54 support zone that had previously held during multiple tests, suggesting further downside potential. In the last hour, FIL continued its bearish trajectory, plummeting from $2.55 to $2.50, representing a 1.95% decline. Brief consolidation attempt around $2.55 during the first 15 minutes was followed by a sharp breakdown at 13:31. Significant selling pressure occurred at 13:45, where a high-volume candle (108,967 units) drove prices down by nearly 1%. Multiple attempts to form support around $2.51 failed, with each bounce meeting selling pressure. Momentum indicators point to continued weakness with further downside potential toward the $2.48-$2.45 range. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Zawya
2 days ago
- Business
- Zawya
Don't regret missing the 3 best Altcoins to buy in May 2025—real use cases and growth forecasts!
Have you been grappling with the nagging question: What are the best altcoins to buy in May 2025? As the crypto market's volatility throws up fresh opportunities, many search for digital assets with real-world applications and solid growth potential. While everyone's chasing the next moonshot, three altcoins are pulling away from the noise — each with distinct features, genuine use cases, and bullish forecasts. Qubetics ($TICS) is here as the top performer among established cryptos. Contents1. Qubetics ($TICS): Seamless Interoperability Across BlockchainsHow Qubetics Solves the Interoperability PuzzleReal-World Scenarios with Qubetics InteroperabilityThe Numbers That Matter2. Filecoin (FIL): The Decentralised Storage Revolution3. Solana (SOL): Lightning-Speed Transactions for Web3Conclusion: Don't Fumble—Secure the Best Altcoins to Buy in May 2025!For More Information:Frequently Asked Questions From Qubetics' all-encompassing interoperability promise to Filecoin's storage revolution and Solana's blazing speed, these coins could be the golden tickets for early adopters in the coming months. Let's explore why these coins stir excitement and reshape the crypto narrative. 1. Qubetics ($TICS): Seamless Interoperability Across Blockchains Ever felt locked out when your crypto wallet doesn't connect to the dApp you need? Or faced sky-high fees and sluggish transactions trying to move assets across chains? Qubetics ($TICS) aims to tear down those barriers, delivering a blockchain network where interoperability isn't just a buzzword—it's a living, breathing reality. How Qubetics Solves the Interoperability Puzzle Qubetics' Layer 1, Web3 aggregated chain is built to unify Bitcoin, Ethereum, and countless other blockchains. No more jumping through hoops or relying on third-party bridges introducing security risks. Qubetics uses advanced technology and chain abstraction to let assets and data flow freely across networks. Think of it as a universal adapter for the digital world, opening up endless possibilities for businesses and individuals alike. For instance, imagine a small e-commerce business that wants to accept crypto payments from any blockchain — Qubetics makes this seamless. Or a freelancer who wants to get paid in different tokens but track it all in one wallet — Qubetics has that covered. Even a financial institution that intends to tokenise assets and provide cross-border payments without jumping between incompatible systems can do it smoothly with Qubetics. Real-World Scenarios with Qubetics Interoperability A travel agency can use Qubetics to accept Bitcoin, Ethereum, or stablecoin payments—no more converting funds at expensive rates. A global supply chain firm can track shipments across multiple chains in real time, cutting overhead and eliminating tedious reconciliations. Content platforms can pay creators in any crypto of their choice, without them waiting hours for bridges to confirm. Even real estate firms can effortlessly manage transactions across different chains, removing barriers that previously slowed down deals. For community members and early adopters, this isn't just about convenience—it's about a digital economy that finally connects different blockchains into one seamless experience. The Numbers That Matter Currently in its 36th stage, the Qubetics crypto presale has already seen over 514 million tokens snapped up by more than 27,300 holders, raising over $17.5 million. Buyers can still get in at $0.3064 per $TICS token before the price climbs 10% to $0.3370 in the next stage on June 1st, 2025. Analysts see $TICS surging to $1 after the presale for a 226% ROI, hitting $5 for a 1,531% ROI, or reaching $10 and even $15 at mainnet launch for up to a 4,794% ROI. Let's break this down with a real investment scenario. Today's $1,500 buy at $0.3064 per token would snag about 4,895.57. If $TICS hits $10, that's $48,955. If it jumps to $15, the total value would soar to $73,433. These numbers have crypto enthusiasts buzzing with anticipation. Why did Qubetics shine bright among the best altcoins to buy in May 2025? Because it's more than a crypto—it's the backbone of a blockchain world where seamless interoperability finally works for everyone. 2. Filecoin (FIL): The Decentralised Storage Revolution Filecoin (FIL) is rewriting how we store and secure data in the digital age. In a world grappling with centralised servers and privacy concerns, Filecoin's decentralised storage marketplace offers a fresh, democratic approach. It lets anyone rent out spare storage space while enabling developers and businesses to access a resilient, censorship-resistant storage network. In 2025, Filecoin's roadmap includes upgraded retrieval markets and improved retrieval speeds, making it even more attractive for projects that need robust, scalable data storage. This push towards faster, more secure storage solutions has driven FIL's steady adoption among Web3 builders and enterprises. Why has Filecoin secured its spot among the best altcoins to buy in May 2025? Because it offers a critical backbone for the decentralised web and demands real-world data. 3. Solana (SOL): Lightning-Speed Transactions for Web3 Solana (SOL) has become a byword for speed and scalability in the blockchain world. Known for processing over 65,000 transactions per second, Solana's ultra-low fees make it a magnet for DeFi, NFT, and gaming applications. It's what's powering some of the most innovative dApps today. Recent updates to Solana's validator program have reinforced network security and stability, boosting confidence in the platform's long-term viability. Its ecosystem is vibrant, and with growing institutional interest, Solana looks set to remain a key player in the fast-evolving crypto market. Why did Solana earn a mention in the best altcoins to buy in May 2025? Because it's a proven workhorse in the crypto space, transactions are made as smooth as they should be. Conclusion: Don't Fumble—Secure the Best Altcoins to Buy in May 2025! Looking at current data and market insights, Qubetics ($TICS), Filecoin (FIL), and Solana (SOL) stand out as the best altcoins to buy in May 2025. These tokens offer a compelling mix of cutting-edge technology and real-world utility. But it's Qubetics that's turning heads with its promise of interoperability and sky-high potential for early adopters. With Qubetics' crypto presale heating up, backers and buyers are snapping up $TICS at the current price before it jumps 10% over the weekend. This could be the last chance to grab $TICS at under 31 cents — before the token's surge changes the game for those ready to bet on blockchain's future. For anyone scanning the market for promising altcoins, these three names deserve a close look. Do your research, but don't sleep on the potential of Qubetics — it might just be the next chapter in your crypto journey. For More Information: Qubetics: Presale: Telegram: Twitter: Frequently Asked Questions 1. How does Qubetics differ from other blockchain networks? Qubetics combines chain abstraction and EVM compatibility to deliver true interoperability across blockchains like Bitcoin, Ethereum, and beyond. 2. Is Qubetics secure for cross-border transactions? Yes. Qubetics ensures businesses' privacy and regulatory compliance while enabling near-instant settlements using $TICS. 3. What is the price forecast for $TICS in the coming months? Analysts predict $TICS could surge to $1 after the presale, reaching $15 at mainnet launch. 4. How does Filecoin benefit developers and businesses? Filecoin provides a decentralised storage network, offering a secure, scalable alternative to centralised storage systems. 5. What makes Solana appealing to dApp builders? Its high transaction speed and low fees make it a top choice for DeFi, gaming, and NFT projects. 10 Best Keywords/Keyphrases in this article: best altcoins to buy for May 2025, crypto presale, Qubetics interoperability, Qubetics presale stage, Qubetics $TICS price, Filecoin FIL price forecast, Solana SOL ecosystem, altcoins 2025, blockchain interoperability, real-world use cases in crypto.
Associated Press
27-05-2025
- Business
- Associated Press
USDFC Official Launch on the Filecoin Network
ZUG, SWITZERLAND / ACCESS Newswire / May 27, 2025 / Secured Finance AG announced the official launch of USDFC, a USD-denominated stablecoin on the Filecoin Network. Users can now mint, swap, pay, lend, borrow and bridge USDFC entirely on-chain. What Is USDFC? USDFC is a USD-pegged stablecoin issued against at least 110% over-collateralization in native FIL. Third-party-audited smart contracts and a 24-hour arbitrage bot monitor and correct the price (target ≈ 1 USDFC = 1 USD). Anyone can mint or redeem directly on-chain. USDFC Use Cases (with more coming) Security & Stability Resources About Secured Finance AG Secured Finance AG is a fintech company building on-chain fixed-rate lending markets and the USDFC stablecoin. Backed by investors including Protocol Labs, FinTech Collective, GSR and HTX Ventures, the company's mission is to deliver inter-bank-grade transparency and security to Web3 and connect real-world finance with blockchains. Disclaimer This press release is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to purchase, USDFC or any other digital asset in any jurisdiction. USDFC is currently not available to persons located or resident in the United States, the United Kingdom, the European Economic Area, Japan, Canada, or any OFAC-sanctioned country. USDFC is a stablecoin collateralized by FIL (Filecoin) and is not legal tender. Holding or using USDFC involves risks, including price volatility of the underlying FIL collateral, liquidity and redemption risks of USDFC itself, and the risks inherent in trading on SushiSwap V3, lending on Secured Finance, and bridging via Axelar or Squid. Nothing in this press release constitutes financial, legal, or tax advice. Before engaging with USDFC, you should consult your own financial, legal, and tax advisors. Past performance is not indicative of future results. Contact: Taiga Yamada [email protected] SOURCE: Secured Finance AG press release
Crypto Insight
17-05-2025
- Business
- Crypto Insight
Filecoin, Lockheed Martin send data in space using decentralized data protocol
The Filecoin Foundation and Lockheed Martin Space have successfully transmitted data in space using a version of the InterPlanetary File System (IPFS) on a satellite orbiting Earth, Marta Belcher, president of the Filecoin Foundation, told Cointelegraph. Filecoin and Lockheed Martin adapted the system for use in space and successfully tested it, Belcher said during the Consensus 2025 conference in Toronto. The IPFS enhances privacy and security compared to traditional web protocols, such as HTTP, by identifying data based on its content rather than its location. This has additional benefits for data transmission in space, Belcher said. 'The architecture is well-suited to space because it reduces delays, compensates for data corruption caused by radiation, and enables cryptographic verification to ensure data has not been tampered with,' she said. The foundation is a nonprofit governing the decentralized cloud storage protocol Filecoin, which uses the IPFS web protocol to store data. Lockheed Martin is one of the world's largest aerospace companies. Decentralized storage benefits 'There's a multi-second delay from the Moon and a multi-minute delay from Mars,' Belcher said. 'With IPFS, you look for a content ID and retrieve the data from wherever is closest — your own device, a nearby satellite, or a lunar station.' Additionally, the IPFS uses a distributed architecture to store multiple copies of data across a global network, reducing reliance on centralized data centers. These multiple copies of data improve reliability in environments where hardware is prone to degradation, helping to ensure the integrity of sensitive materials such as satellite images, according to Belcher. Interest in decentralized archival storage is growing among media companies, and the Foundation is also exploring potential military applications of this technology, Belcher said. 'It could be really powerful for media in general to have that deep archive and also the ability to have your records everywhere all over the world when needed,' she said. The FIL token is a utility token that can be used within the Filecoin ecosystem. It has a total market capitalization of approximately $1.8 billion as of May 16, to Cointelegraph data. Source:
Business Mayor
23-04-2025
- Business
- Business Mayor
Filecoin to Be Integrated With Axelar
Filecoin and Axelar Network are collaborating to enable cross-chain storage and liquidity for the Filecoin Virtual Machine. Developers will be able to store, verify, and fund data on Filecoin from any connected chain using Axelar's General Message Passing. FIL Info Filecoin FILUSD is a decentralized storage system that aims to 'store humanity's most important information'. The project raised significant funds via an initial coin offering (ICO) in 2017. Filecoin is the digital token that is used as payment for storage or retrieval of data within the network. The network uses a unique proof-of-storage system where miners earn more by sharing more storage, and the data they store is constantly verified to ensure its correctness. Filecoin competes with centralized storage systems such as Amazon S3, and allows individuals to monetize their spare storage space on the network. READ SOURCE
