Filecoin raises $257 million and will unlock unused storage in data centers

Blockchain data storage network Filecoin has officially completed its initial coin offering (ICO), raising more than $257 million over a month of activity. The internet is in the middle of a revolution: centralized proprietary services are being replaced with decentralized open ones; trusted parties replaced with verifiable computation; brittle location addresses replaced with resilient content …

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Bitcoin at around $4000 and Ethereum at $288

Coinbase the Bitcoin, Ethereum and Litecoin exchange had a stock offering and raised $100 million with a $1.6 billion valuation. Coinbase exchanges about $25 billion worth of cryptocurrency. The Bitcoin market cap is around $65 billion, with the entire cryptocurrency ecosystem now being worth $140 billion. The South China Morning Post reports that some are …

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