Crypto M&A is up, CoinList set a record mint of wrapped bitcoin and the CFTC Chairman is “impressed” with Ethereum. Not to mention, Filecoin has pivoted to mainnet.
The Filecoin network mainneted at 14:44 UTC, beginning its FIL token distribution. Filecoin is a system from Protocol Labs meant to be both a decentralized file storage and content distribution network in one. The new token is very likely to make history as the fastest newly live blockchain to reach a market capitalization of over a billion dollars, though we can’t really know until the FIL tokens enter trading. Despite multiple delays, the Filecoin project has attracted considerable attention, particularly in China, where investors have been speculating heavily on the network’s mining hardware and the FIL token.
The value of crypto M&As in the first half of 2020 has already surpassed that of full-year 2019, according to a PricewaterhouseCoopers report. Around $597 million was spent in 60 deals