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Crypto also caused a lot of consternation among regulators in Washington this week.

Despite the ongoing bullish upsurge still being in its nascent phase, the crypto segment has already gone through AI-, LSD- and ZK-centric manias. Should we now brace ourselves for the fourth "narrative" in three months?

Filecoin [FIL] continues to post daily and weekly double-digit hikes. At press time, it rallied by 40% in the last seven days, according to Coinmarketcap.

After facing considerable stress for most parts of 2022, Filecoin's [FIL] bullish rally made impressive gains since the beginning of 2023. The coin surged 25% over the previous day at press time, data from CoinMarketCap showed.

An altcoin backed by a pair of famous Bitcoin (BTC) billionaires is surging as the crypto project's upgrade rapidly approaches. New data reveals that storage-focused blockchain Filecoin (FIL), which is backed by the Winklevoss twins, is skyrocketing as the protocol's groundbreaking update looms. Filecoin climbed from a 24-hour low of $5.40 to $7.

It wasn't immediately clear what prompted the rally.

As per Coinmarketcap, Filecoin has surged by 25.8% in the last 24 hours; following new reports, this network plans to launch smart contracts on March 23 to make it a fully-fledged layer 1 protocol. With this news, the token's price has seen an impressive uptrend.

Filecoin (FIL) jumped 27% over the last 24 hours to $6.857 at the time of press, leading the top 100 coins by market cap.

Bitcoin (CRYPTO: BTC) traded lower, but remained above the key level of $23,000 on Friday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the $1,600 mark this morning.

Today Filecoin (FIL) has made an impressive performance with over 40% gains over the last seven days. The coin has seen strong rallies since January, with about a 39% 30-day price increase.

World's largest decentralized storage network Filecoin announces the launch of Filecoin Virtual Machine (FVM) on March 1. The FVM will bring smart contracts and user programmability to the Filecoin blockchain, making it a fully-fledged L1.

Filecoin [FIL] released its latest edition of Filecoin News, highlighting all the major updates to the Filecoin ecosystem. As per the blog, Filecoin plans to launch its much-awaited Filecoin's Virtual Machine (FVM) on the mainnet in March 2023.

These best cryptos can deliver robust gains on the back of their impressive use-cases and the ability to generate healthy gains over time

These are three cryptos that could 10X over the next two years as a result of some key sector-specific an macro catalysts to watch.

Among today's crypto news, Filecoin Protocol Labs, the creator of the Filecoin blockchain network, recently announced its intention to lay off 21% of its staff. The company cited the current economic situation and the cryptocurrency winter as reasons behind its decision.

Protocol Labs layoffs are a hot topic on Monday as the Filecoin (FIL) creator reveals plans to cut 21% of its workforce.

Key Points: On February 3, Protocol Labs – the unit behind the decentralized data storage solution Filecoin, announced that the company plans to cut 21% of its workforce in the context of cost control overcoming the recession withdrawal.

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company's staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.

In a press release published on 3 February, Protocol Labs, the company behind decentralized file storage network Filecoin [FIL], announced that it would layoff 21% of its workforce.

The parent company of Filecoin (CRYPOT: FIL), Protocol Labs, a technology company that develops computing infrastructure, has laid off 21% of its workforce, citing a global economic downturn and an extended cryptocurrency winter as reasons for the move. The layoffs impacted PLGO teams including PL Corp, PL Member Services, Network Goods, PL Outercore, and PL Starfleet.

Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a February 3 report from Forbes.

In a blog post released on Friday, Protocol Labs CEO Juan Benet declared the company would be laying off 21% of its staff due to an “extremely challenging economic downturn,” particularly in the cryptocurrency industry. To ensure the organization could survive this difficult period, cost-cutting measures had to be taken by Protocol Labs.

Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday.

The cryptocurrency market continues to rally, building on its 2023 momentum, with various assets recording a significant surge in value. Amid the gains, development teams of several cryptocurrencies are taking the lead in helping the respective assets attain viability.