On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside. EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in the past three months, the altcoin has nearly tripled in value. Data from Cointelegraph Markets and TradingView shows that since trading at a low of $2.43 on Jan. 27, the price of EOS has climbed 245% to set a multi-year high of $8.47 on …

Aleph.im, a decentralized filesharing platform, has launched a decentralized application, or DApp, that lets users automatically back up the data underlying their nonfungible tokens, or NFTs, on a censorship-resistant, decentralized network. The concept of NFTs has generated considerable buzz in the last weeks due to their application for buying and selling digital art. The immutable token stands in as the unique and non-counterfeitable representation of a specific piece of art, even if the specific art piece is fully digital and could be copied by anyone. While this issue is often highlighted by NFT critics, sometimes the opposite problem exists. Generally, …

Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Monday, promoting its use in decentralized finance applications including Compound, Maker and Uniswap. Filecoin ecosystem lead Colin Evra stated: “Wrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage users.” The news came the same day that Filecoin announced the storage capacity dedicated by its global mining community has exceeded one exbibyte — equal to more than one billion gigabytes. According to …

Cloud servers are able to keep a full record of our lives, storing literally everything from personal photos and videos from our smartphones to work documents. At first glance, this solution makes our lives easier, but some unexpected threats can be found under a shell of comfort and extensive customer care. Although centralized data storage has its own benefits — higher speed and availability, quick throughput and low latency — it all comes at a cost. Big cloud storage companies such as Google and Amazon that dominate the industry are often suspected of cooperating with the authorities and giving them …