Track market-moving stories before they get noisy

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South Korean stocks rebound sharply by nearly 6%, with foreign investors net purchasing 1.7 trillion won in equities.

South Korea’s stock market closed nearly 6% higher on Thursday, rebounding from a sharp decline in the previous session, as chip stocks surged on the back of shareholder return measures and falling U.S. Treasury yields. Chipmaker SK Hynix rose 12.73% after announcing it would repurchase and cancel its treasury shares; peer Samsung Electronics gained 9.49%. Earlier media reports said Samsung Electronics will also unveil a new shareholder return policy by the end of this month. A total of 905 stocks changed hands on the day, with 521 advancing and 338 declining. Foreign investors net bought 1.7 trillion won (about $12.2 billion) worth of South Korean stocks. (Jinshi)

19 minutes ago

A whale has resumed live trading on Binance, setting 10 major goals first, and is currently shorting $222 million worth of BTC and ETH.

On-chain analyst Ai Yi (@ai_9684xtpa) tracked that the trader codenamed "Set 10 Big Goals" resumed live trading on Binance on July 27, after a one-month break. As of now, his total short positions in BTC and ETH contracts are valued at around $222 million, with an accumulated unrealized profit of roughly $401,000. For BTC, he holds 4x-leveraged short positions totaling 2,236.384 BTC, with a position value of approximately $156 million, an entry price of $69,826.87, and current unrealized profit of about $369,000. For ETH, he holds 6x-leveraged short positions totaling 29,316.677 ETH, with a position value of around $66.1 million, an entry price of $2,254.74, and current unrealized profit of roughly $32,000.

19 minutes ago

NeoSoul completes $11 million in Pre-A round financing, accelerating its expansion into the AI economy.

NeoSoul announces completion of $11 million Pre-A round financing. Participating institutions in this round include MH Ventures, Amber Group, ArkStream Capital, 0G Foundation, Kirin Capital, CatcherVC, and New Oak International. The capital will be used to further advance NeoSoul’s development of AI agent trading products and AI economic infrastructure. This financing round comes shortly after the launch of NeoTrade, NeoSoul’s AI agent trading workbench, which allows traders to configure their own AI trading agents, enabling these agents to make independent decisions and execute trades autonomously. AI is evolving from auxiliary analysis to independent execution; for trading, the industry’s focus is shifting to how to maintain agent autonomy while ensuring controlled fund security. This round brings together multiple investment institutions from digital assets, Web3 infrastructure, decentralized AI, Asian capital, and North American markets. Notably, Kirin Capital, a key investor in this round, has long been rooted in the Vietnamese and Southeast Asian capital markets, and its investment will further support NeoSoul’s expansion into Vietnam and Southeast Asia. NeoSoul co-founder Kaelan stated: “AI is moving from information production to autonomous economic activities, and trading is one of the earliest scenarios that can form a complete economic closed loop. NeoTrade serves as the entry point; following this financing round, NeoSoul will continue building infrastructure that supports large-scale participation of AI agents in economic activities.” NeoSoul plans to allocate the capital from this round to further develop NeoTrade, strengthen its trading infrastructure, and expand its global ecosystem. The company will continue advancing product development around the connection between autonomous AI decision-making and controlled fund execution.

19 minutes ago

Crypto options with a notional value exceeding $1.8 billion are set to expire and settle tomorrow, with BTC’s key pain point at $66,000.

According to Deribit data, crypto options with a total notional value of $1.82 billion are set to expire and settle tomorrow. Breakdown: BTC options have a notional value of $1.57 billion, with a put/call ratio of 0.65 and a max pain point of $66,000; ETH options carry a notional value of $250 million, a put/call ratio of 0.77, and a max pain point of $1,950.

19 minutes ago

The third-largest HYPE long position on Hyperliquid has an unrealized profit of $14.58 million, and has not taken any additional actions since opening a 10x long at a low level.

According to monitoring by TradingBeats (formerly Hyperinsight), address 0x6666...23f5 currently holds 450,000 HYPE long positions on Hyperliquid, with a position value of approximately $32.49 million. Its average entry price is $39.8114, and the current unrealized profit is around $14.58 million. On-chain fund flow data shows that the address’s initial funds entered HyperCore primarily via Circle CCTP-related HyperEVM CoreDepositWallet. The first deposit was made on March 18, 2026, followed by cumulative receipts of about 3.8 million USDC between March 18 and 27, all from the HyperEVM CoreDepositWallet. Subsequently, starting at 02:31 HK time on March 18, 2026, the address built a 10x leveraged HYPE long position from scratch, completed its last position addition on April 7, and has since been inactive (making it impossible to calculate its historical trade win rate). As of press time, the address has paid $950,000 in funding fees for its long positions, ranking third among all HYPE contract long addresses on Hyperliquid by position size.

19 minutes ago

Bitcoin surges past $70,000, with an 8.6% gain over the past 24 hours.

According to HTX market data, Bitcoin has broken through $70,000, posting an 8.6% gain over the past 24 hours.

19 minutes ago

Upbit Delisting Notice Sends 3 Altcoins Lower Before September Cutoff

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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PANews reported on July 29: According to Bitcoin.com News statistics, from January to July 2026, over 60 crypto companies, blockchain and DeFi protocols shut down or filed for bankruptcy, with the pace of closures accelerating notably in the last weeks of July. Security vulnerabilities, regulatory friction, and unsustainable business models are the three main reasons.

Exchanges: BitMEX announced it will cease operations on September 23, AscendEX halted trading on July 1 due to failure to obtain an EU MiCA license, BitMart started a phased shutdown, and Odos will close all services on July 30. Bankruptcies: Movement Labs filed for Chapter 11 on July 21, Poolin filed for bankruptcy protection this month, and Storj Labs also submitted a Chapter 11 filing. Layer1/L2: Powerloom, Botanix, Hyli, Sophon, Swellchain, Milkyway, Mint Blockchain, and others shut down successively. DeFi protocols: Radiant Capital, Ionic Protocol, Carrot Finance, Step Finance, Polynomial, Seamless Protocol, Everclear, Angle Protocol, and others shut down due to security vulnerabilities or unsustainable economic models. Wallets: Secondfi, Ctrl Wallet, Xenea, Leap Wallet, Magic Eden wallet, and others shut down due to security incidents or strategic adjustments. NFT and gaming platforms: Foundation, Pudgy Party, Fishing Frenzy, Gensokishi Online, and others also shut down. DAO tools: Tally, Syndicate, Parsec, Slingshot, and others shut down due to insufficient demand or intense competition.

Trump: Now is a good time for Iran to reach an agreement, and Iran needs to officially declare that it does not possess nuclear weapons.

US President Trump said now is a good time for Iran to reach an agreement, adding that he hopes to avoid attacking Iran's bridges and power plants, and that Iran needs to formally declare it does not possess nuclear weapons.

8 minutes ago

Trump: If a deal with Iran cannot be reached, he will very easily destroy the Strait of Hormuz.

US President Trump stated, "If a deal cannot be reached with Iran, it will be very easy to destroy Mount Gao. Iran does not control the Strait of Hormuz—we control it. Only vessels we authorize are permitted to transit the strait."

8 minutes ago

Bank of America: A Federal Reserve rate hike in July would be unprecedented.

Although markets assign a low probability to the Federal Reserve raising interest rates in July, Bank of America still expects the Fed to hold rates steady. The bank noted that a July rate hike would be unprecedented: since 1994, the Fed has never raised rates when the market’s implied probability of a hike was below 60%. Bank of America views higher oil prices as a key inflation risk and remains bullish on the U.S. dollar.

8 minutes ago

Apple has launched the "Apple Upgrade" program, offering a new product rental service.

Apple (AAPL.O) announced the launch of its "Apple Upgrade" program in the U.S., a new product leasing service for iPhone, Apple Watch, Mac, and iPad. The program offers 12-month and 24-month leasing options for iPhone and Apple Watch, while Mac and iPad are available with 24-month and 36-month terms. Monthly rental rates start at $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.

8 minutes ago

Kraken will allow its users to subscribe to the IPO of sandwich chain brand Jersey Mike's via its xStocks platform.

According to official announcements, xStocks – the tokenized stock platform under Kraken’s parent company Payward – stated that following SpaceX and Bending Spoons, the third IPO offering on xStocks will be U.S. sandwich chain Jersey Mike’s. The brand currently operates over 3,300 locations, with annual sales reaching $4.3 billion. Its U.S. sales outpace Five Guys, and it is poised to become one of the largest restaurant industry IPOs in recent years. Users can submit subscription applications via Kraken.

8 minutes ago

@storj Labs filed a voluntary Chapter 11 petition on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia, case number 5:26-bk-00512. The filing lists assets and liabilities each between $1 million and $10 million, with fewer than 50 creditors.

Legacy Debt, Not a Business Collapse Storj is framing the move as a restructuring, not a liquidation. The company's official announcement states that the filing is intended to resolve legacy obligations from an earlier period of operations while keeping the business running. Storj says it does not expect any service interruptions and that normal operations will continue throughout the process.

The storage network itself remains active under Inveniam, which acquired it in October 2025. Storj's software engineering director has described the current business as operationally sound but burdened by historical financial commitments it cannot grow its way out of. The company has previously raised approximately $35 million through venture funding, grants, and its 2017 token sale.

One notable element of the restructuring plan is an offer to give $STORJ token holders equity in the reorganized company. Storj says management, community members, existing investors, and potentially new capital partners could all share ownership. No details on eligibility, token snapshot requirements, lockup terms, or equity allocation percentages have been disclosed. Any plan would still require creditor approval and court sign-off.

Node Operators and Market Reaction The filing creates an immediate complication for node operators. Pre-filing payments owed to storage providers have been moved into the claims queue, meaning those amounts will be scheduled and treated under standard bankruptcy priority rules rather than paid in the ordinary course. Post-filing obligations are expected to be met, subject to court approval.

$STORJ held near $0.074 through the announcement window before selling off sharply. By midday July 27, the token was trading around $0.06165, down roughly 17% on the day, with a market cap of approximately $26.2 million. Twenty-four hour volume surged 855% to $25.65 million, representing nearly the entire market cap changing hands in a single session.

The filing adds to a difficult stretch for the broader crypto industry. BitMEX announced on July 23 that it would close its exchange on September 23, 2026, ending an 11-year run. BitMart followed on July 26 with its own wind-down notice, with all trading set to stop on August 26 and the platform going dark on January 31, 2027. Movement Labs, the developer behind the Movement blockchain, also filed for bankruptcy protection around the same period, making Storj the fourth crypto firm in roughly seven days to announce a failure or wind-down.

Sources:
Storj Labs official restructuring announcement via GlobeNewswire
CoinDesk: Storj files for Chapter 11, extending a week of crypto failures
Crypto Times: Storj Chapter 11, node operator payments in limbo

Storj filed for Chapter 11 to restructure legacy debt. The company will continue operating its cloud storage network. Storj plans shared ownership for investors, management, communities, and STORJ holders. Blockchain-powered decentralized cloud storage platform Storj Labs is seeking Chapter 11 bankruptcy protection. Even as it conducts business as usual on its cloud storage network. The firm has filed its petition to the U.S. Bankruptcy Court for the Northern District of West Virginia on July 26. The filing aims to enable it to reorganize and deal with legacy debts, rather than liquidate its assets. According to Storj, services offered to customers, decentralized storage, and cloud products will continue during the restructuring process.

“Storj Labs’ business is operational and healthy but still carries financial responsibilities resulting from previous growth stages,” said Director of Software Engineering Kaloyan Raev. The company is looking to refocus on its primary products of distributed cloud storage, computing, and file access services.

Company Focused on Core Cloud Infrastructure Storj has a decentralized storage marketplace that allows individual node operators to provide unused storage capacities from distributed infrastructures. Consumers can use cloud storage services using compatible business software, while STORJ tokens are used for payments within the parts of the network. Node operators earn token payments for providing storage capacities and bandwidth.

The company mentioned that the Chapter 11 bankruptcy is related to Storj Labs as an incorporated entity and not to its blockchain network. Storj has not disclosed any changes regarding how the STORJ tokens are used, how the network is run, or how customer products work. The company had also rolled out new pricing models for storage and data egress before filing, which took effect on July 1, 2026.

Ownership Plan Will Incorporate STORJ Token Holders Storj will be presenting an ownership plan that might involve management, current investors, members of the community, future investors, and eligible STORJ token holders. Nonetheless, the ownership proposal still needs the creditors’ consent and final approval in the Chapter 11 procedure. Storj has not provided the criteria for eligibility, ownership structure, valuation approach, and timing for the proposed changes.

Before filing for Chapter 11, Storj had received around $35 million in funding, including $30 million from the sale of STORJ tokens in 2017 and $3 million in seed money from investors affiliated with Qualcomm Ventures and Techstars. After Inveniam acquires the company in October 2025, Storj continues to function independently.

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Table of contents

Storj Labs became the latest crypto-era project to seek court protection this week, but the company behind the decentralized cloud storage network is not following the familiar script. According to the original report, the firm voluntarily filed for Chapter 11 bankruptcy to address legacy debt—while explicitly stating that all customer services will carry on without interruption during the restructuring. That detail immediately sets it apart from the long list of crypto companies that froze withdrawals or shut down entirely once insolvency became public.

The filing caps a long arc for a project that raised approximately $5 million in traditional funding and grants, alongside roughly $30 million through its 2017 STORJ token sale. Unlike many ICO cohorts that vanished, Storj kept running a functional product. The question now is what the reorganization means for the token, its holders, and the broader decentralized storage market.

A Different Kind of Crypto Bankruptcy In most crypto insolvencies, customers brace for haircuts or drawn-out claims processes. Here, the company wants the same parties that supported the network to end up owning the reorganized entity. Storj said management, its community, STORJ token holders, and investors are expected to jointly own the post-restructuring company. That structure suggests an attempt to preserve the network’s operational integrity while settling obligations that predated the current market environment.

The company did not publicly detail the size or nature of those debts, and the filing itself imposes an automatic stay that will give it breathing room from creditors. For now, users who store data on the network should see no change. The continuity pledge is unusual enough that market watchers will track whether it holds during what is often a messy legal process.

The Token Question Give equity to token holders and you enter legally uncharted territory. Storj’s plan mentions joint ownership for STORJ holders, but it offers no specifics on how those claims will flow through a Chapter 11 plan. Token economics do not map neatly onto equity ownership, and the token itself has traded in a punishing market alongside other utility assets. While Filecoin, a direct competitor, has seen its own token price wrestle with pronounced drawdowns, Storj’s restructuring opens a new path that other protocol teams with legacy obligations might watch closely.

What remains uncertain is whether the new entity will give token holders any meaningful governance or cash-flow rights, or if the “joint ownership” language is a placeholder designed to keep the community engaged while the legal work unfolds. The token sale in 2017 was conducted long before most regulators articulated their stances on digital assets, adding another layer of legal complexity to any restructuring plan that involves token-based claims.

Decentralized Storage Carries On The Chapter 11 arrives as the broader decentralized infrastructure sector is quietly thickening out. Newer partnerships continue to link computational and storage layers, such as UXLINK integrating with Origins Network, reflecting the ongoing push to build out real use cases even as older projects restructure their balance sheets. Storj itself remains one of the few early storage networks that reached a working state and retained a user base.

Yet the filing also underscores that surviving the ICO era didn’t shield a project from the weight of historical fundraising structures. The legacy debt it seeks to address likely predates the current bear market, and the restructuring shows that operational survival alone isn’t enough when obligations turn sour. The outcome will depend on whether creditors agree to take equity in a reorganized entity that is still finding its commercial footing.

Even as specific projects grind through court-supervised cleanups, overall development activity across blockchains remains robust, as shown in recent developer activity rankings. What the Storj case tests is whether a network that brought token holders in early can convert their stake into a workable post-bankruptcy structure without breaking the service that made it relevant in the first place.

AUTHOR

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.

The decentralized storage firm says its network keeps running and its parent, Inveniam, backs the reorganization, as STORJ falls about 18% in 24 hours.

Storj Labs, the company behind the decentralized cloud storage network Storj, filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of West Virginia, Case No. 5:26-bk-00512, the company said in a blog post. Storj said the filing is meant to address legacy obligations while preserving its ongoing business operations.

The company said it will continue operating in the ordinary course throughout the process and does not anticipate any interruptions in service to customers, subject to court oversight. Its parent company, Inveniam, has continued to support the business and endorses the reorganization, Storj said.

STORJ traded around $0.0608, down about 18.1% over the prior 24 hours, according to CoinGecko. The token carried a market capitalization of roughly $26 million. Bitcoin was little changed over the same window.

Equity for TokenholdersIn a separate open letter to its token community, Storj said it intends to propose, as part of a plan of reorganization, a mechanism for token holders to participate in the equity of the restructured company. The design, including eligibility, mechanics, and terms, will be developed during the process and disclosed formally, the company said.

Storj framed that offer with a caveat. A plan must be approved through the court process, and bankruptcy law sets priorities among stakeholders that it must respect, the company said, adding that it is "promising you a seat at the table and a genuine intention — not an outcome." The letter also stated it is not an offer or solicitation of any security or token and not a promise of any recovery.

Storj said the network continues to operate normally and the token's utility in the network is unchanged by the announcement. It said it would not comment on price.

"This is a decisive, positive step," said Kaloyan Raev, Storj's Director of Software Engineering. "The business underneath is strong and right-sized. What holds it back are legacy obligations from an earlier chapter."

The filing adds to a run of crypto Chapter 11 cases and wind-downs in July. Movement Labs filed under Subchapter V on July 15 and Bitcoin mining pool Poolin filed on July 22, while derivatives exchange BitMEX and BitMart both announced orderly wind-downs without bankruptcy filings. Storj said the terms of its proposed token holder equity mechanism will be disclosed as the case proceeds.

Decentralized cloud storage provider Storj Labs has filed for Chapter 11 bankruptcy protection. The company said it plans to keep its network running while restructuring legacy liabilities and exploring an ownership pathway for STORJ tokenholders.

On Sunday, Storj said it filed the voluntary case in the US Bankruptcy Court for the Northern District of West Virginia. The company said ordinary operations and customer services would continue during the process, subject to court oversight, while its parent company, Inveniam, would continue to support the business.

The restructuring could become an unusual test of whether utility-token holders can participate in the ownership of a company emerging from bankruptcy.

In an open letter to its community, Storj said its liabilities largely predate its current strategy and are too substantial to resolve through business growth alone. It said the network continues to operate normally and its token’s utility is unchanged. 

STORJ showed no significant immediate price reaction following the announcement, trading around $0.072 at the time of writing, according to CoinGecko.

Storj explores equity pathway for tokenholdersStorj said management intends to propose a mechanism allowing tokenholders to participate in the reorganized company’s equity. 

However, Storj has not disclosed how tokenholder eligibility would be determined, whether participation would involve a token snapshot or lockup, or how much equity might be allocated. The company acknowledged that any plan must follow bankruptcy priorities and receive court approval.

Cointelegraph reached out to Storj for comment but did not receive a response before publication. 

Storj is among the crypto industry’s longest-running decentralized infrastructure projects. Storj began in 2014 as an open-source peer-to-peer cloud storage project that sought to let users rent storage from other network participants rather than rely on centralized providers.

Storj’s bankruptcy filing comes in the same month as at least two other crypto companies sought Chapter 11 protection.

Movement Labs filed under Subchapter V on July 15 after months of turmoil linked to its MOVE token, while Bitcoin mining pool Poolin filed on July 22 as it pursued a court-supervised sale of two Texas mining sites. 

BitMEX also announced in July that it would shut down after 11 years, while BitMart said it would end trading on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. Neither exchange announced a bankruptcy filing, with both instead opting for orderly wind-downs.

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Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Merkeziyetsiz bulut depolama ve bilgi işlem hizmetleri sunan Storj Labs, geçmiş dönemlerden kalan mali yükümlülüklerini yeniden yapılandırmak amacıyla ABD’de Chapter 11 iflas korumasına başvurdu. Şirket, bu sürecin faaliyetlerini sonlandırmak için değil, finansal yapısını güçlendirmek amacıyla başlatıldığını vurgularken, STORJ token sahiplerini ilgilendiren yeni bir ortaklık modeli üzerinde de çalışıldığını açıkladı.

Storj Labs Chapter 11 Korumasına Başvurdu Storj Labs, 26 Temmuz 2026 tarihinde Batı Virginia Kuzey Bölgesi ABD İflas Mahkemesi’ne gönüllü yeniden yapılandırma başvurusu yaptığını duyurdu. Şirket, sürecin 5:26-bk-00512 numaralı dosya kapsamında yürütüleceğini belirtti. Mahkeme kayıtlarına göre Storj Labs’ın varlıklarının ve yükümlülüklerinin 1 milyon dolar ile 10 milyon dolar arasında olduğu tahmin edilirken, şirketin 1 ila 49 arasında alacaklıya sahip olduğu bildirildi. İflas koruması haberinin ardından STORJ token üzerinde de satış baskısı görüldü.

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Storj yönetimi, Chapter 11 başvurusunun operasyonların duracağı anlamına gelmediğinin altını çizdi. Yapılan açıklamaya göre merkeziyetsiz depolama ağı, müşterilere sunulan hizmetler ve şirket ekibinin çalışmaları normal şekilde devam edecek. Şirket, yeniden yapılandırma sürecinin mevcut iş modelinden önce oluşan tarihi mali yükümlülükleri çözmeyi hedeflediğini belirtti. Ana hissedar Inveniam’ın finansal desteğinin sürdüğü ve operasyonların kontrollü şekilde devam ettiği ifade edildi.

Storj’dan Açıklama Şirket tarafından yapılan açıklamada şu ifadelere yer verildi:

“Bugün Storj, mevcut stratejimizden önce oluşan geçmiş yükümlülükleri çözmek amacıyla hızlandırılmış ve mahkeme gözetiminde yürütülecek gönüllü bir mali yeniden yapılandırma süreci başlattı. İşletme ve ağ normal şekilde çalışmaya devam ediyor.”

Ayrıca çalışan maaşları ile yeniden yapılandırma sürecinden sonra oluşacak ticari yükümlülüklerin, mahkemenin gerekli onayları doğrultusunda karşılanmasının planlandığı belirtildi.

Şirketin dikkat çeken açıklamalarından biri de STORJ token sahiplerini ilgilendiren yeni mülkiyet modeli oldu. Storj yönetimi, yeniden yapılandırma sonrasında şirketin sahiplik yapısına yönetim ekibi, yatırımcılar, merkeziyetsiz ağ topluluğu ve STORJ token sahiplerinin de dahil olabileceği bir model üzerinde çalışıldığını açıkladı. Ancak şirket, token sahiplerine sağlanabilecek olası hakların henüz kesinleşmediğini vurguladı. Katılım şartları, dağıtım mekanizması ve diğer detayların hazırlanacak yeniden yapılandırma planı kapsamında mahkemenin onayına sunulacağı ifade edildi. Öte yandan Storj, Chapter 11 sürecinin STORJ tokeninin ağ içindeki kullanım alanlarını değiştirmeyeceğini ve yeniden yapılandırma tamamlanana kadar token fiyatına ilişkin herhangi bir değerlendirme yapılmayacağını da bildirdi.

Değerlendirme Storj Labs’ın Chapter 11 korumasına başvurması, şirketin faaliyetlerini sonlandıracağı anlamına gelmiyor. Yönetim, finansal yapıyı güçlendirmeyi ve geçmişten kalan yükümlülükleri yeniden yapılandırmayı hedefliyor. Sürecin en dikkat çeken başlıklarından biri ise STORJ token sahiplerini kapsayabilecek yeni ortaklık modeli oldu. Yeniden yapılandırmanın nasıl sonuçlanacağı ve mahkemenin vereceği kararlar, hem şirketin geleceği hem de STORJ ekosistemi açısından yakından takip edilecek.

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Key Takeaways On July 26, Storj Labs submitted a Chapter 11 bankruptcy petition in West Virginia’s federal bankruptcy court Prior to filing, the decentralized storage company secured approximately $35 million through venture capital and a 2017 token offering The company intends to maintain uninterrupted network operations and customer support throughout the reorganization A proposed equity conversion mechanism for STORJ token holders is under development Two additional cryptocurrency firms entered Chapter 11 proceedings during July 2026 On July 26, 2026, Storj Labs initiated Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the Northern District of West Virginia. The filing appears under case number 5:26-bk-00512.

Storj Labs Files for Chapter 11 Bankruptcy After Raising Approximately $35 Million

Storj Labs, the company behind decentralized cloud storage network Storj, has voluntarily filed for Chapter 11 bankruptcy protection to address legacy debt while continuing operations.

The… pic.twitter.com/UkF8qiMkB6

— Wu Blockchain (@WuBlockchain) July 27, 2026

According to the company’s statements, the financial difficulties trace back to legacy liabilities connected to previous business operations. Kaloyan Raev, serving as director of software engineering at Storj, characterized the current business as operationally sound and appropriately sized, but burdened by historical financial obligations.

Prior to this bankruptcy petition, Storj Labs successfully raised approximately $35 million in capital. This figure encompasses a $30 million STORJ token offering that concluded in May 2017, a $3 million seed investment round disclosed in February 2017, and roughly $5 million in additional equity financing distributed across six separate funding rounds.

The bankruptcy filing follows approximately nine months after Inveniam, a data infrastructure firm, revealed its planned acquisition of Storj Labs in October 2025. Inveniam has indicated its commitment to backing the company throughout the Chapter 11 restructuring proceedings.

Service Continuity Maintained Throughout Bankruptcy Process According to Storj Labs, customers should not anticipate any service disruptions during the Chapter 11 reorganization. The decentralized network functions through independent storage node operators who receive STORJ token compensation for contributing storage capacity and bandwidth resources.

The company emphasized that the STORJ token maintains its functional purpose within the network ecosystem without changes. At the time of filing, CoinGecko data showed STORJ tokens trading near $0.072, with the announcement generating minimal immediate price volatility.

Storj Price As part of the restructuring strategy, Storj Labs is streamlining its business operations. The company plans to divest previous acquisitions and non-core business units.

Equity Participation Proposed for Token Community Management at Storj Labs has announced intentions to develop a framework enabling STORJ token holders to acquire equity stakes in the post-reorganization entity. The proposed ownership structure may include participation from existing management, current investors, community stakeholders, and potentially new capital partners.

Details regarding eligibility criteria, potential token snapshot requirements, lockup provisions, or the percentage of equity allocated remain undisclosed. Any restructuring plan requires approval from creditors and final authorization from the bankruptcy court.

This restructuring strategy contrasts with other recent cryptocurrency bankruptcy cases. Bitcoin mining operation Poolin, which similarly filed Chapter 11 in July, is proceeding with a court-supervised liquidation of its Texas-based mining facilities. Movement Labs submitted a Subchapter V filing in July, reporting potential liabilities as high as $10 million.

Storj Labs has yet to release a comprehensive reorganization blueprint, complete creditor listing, or finalized ownership terms. Additional court documents expected in coming weeks should illuminate the company’s total debt obligations and the specific framework for tokenholder participation.

To our token holders and network participants, 

Today Storj Management and Board have commenced a voluntary, court-supervised financial restructuring — an accelerated reorganization. You deserve more than a press release, so here is the full picture, plainly. 

Why we did this. The company carries liabilities that largely predate our current strategy. Inveniam has continued to support us, and the operating business has been right-sized — lean team, disciplined costs. But past obligations of this scale cannot be outgrown; they can only be resolved. This process resolves them in one place, under court supervision, with full transparency, and gives us the time to present a strong business plan for what comes next. 

The network and the token today. The network continues to operate normally. The token’s utility in the network is unchanged by today’s announcement. We will not comment on price — not today, not during the process; we know trading has been quiet and low for a long time, and nothing in this letter is a prediction or an inducement to buy or sell anything. 

The path we intend to propose. Our goal — stated openly — is that the restructured company be owned by the people who built it and the people who believed in it: management, this decentralized community, Token holders and other investors. Concretely, we intend to propose, as part of a plan of reorganization, a mechanism for Token holders to participate in the equity of the restructured company. The design (eligibility, mechanics, and terms) will be developed during the process and disclosed formally. 

What we cannot promise. A plan must be approved through the court process, and the law sets priorities among stakeholders that we must respect. So we are promising you a seat at the table and a genuine intention — not an outcome. We would rather be straight with you now than walk anything back later. 

How to engage — concretely: 

Organization: we strongly encourage token holders who wish to organize as a group during the process are welcome to do so; we are keen to engage constructively with any representative group, and the email above is the starting point. Please reach out so that we can build Storj with our community. 

Dedicated channel: [email protected] — staffed, read daily, with a commitment to respond within [2] business days. 

Open AMA with Storj management team: TBD. Questions can be submitted in advance via the email above. 

Formal process information: court documents, timelines, and official notices. If you believe you hold a claim, please email [email protected] — please rely on it over rumor. 

Kaloyan Raev, Director, Software Engineering, Storj 

Important: This letter is for information only. It is not an offer or solicitation of any security or token, not a promise of any recovery or distribution, and not financial advice. Any participation by token holders in the restructured company will occur only pursuant to a court-approved plan and definitive documentation, and applicable securities laws. 

Storj Labs, the company behind one of crypto’s longest-running decentralized storage networks, filed for voluntary Chapter 11 bankruptcy protection on July 26 in the US Bankruptcy Court for the Northern District of West Virginia. The filing aims to resolve what the company calls “legacy obligations” from prior operations and acquisitions, while keeping the lights on for customers and node operators.

Here’s the thing: Storj isn’t just a company. It’s also a token ecosystem with a fixed maximum supply of 425 million STORJ tokens that serve as the economic backbone of its decentralized storage network. When the entity behind that ecosystem enters bankruptcy court, token holders are left holding something that looks a lot like a front-row seat to a restructuring they have very little control over.

What happened and why it matters The Chapter 11 case, filed under Case No. 5:26-bk-00512, is being framed by the company as a strategic move rather than a distress signal. Storj says it will continue operating in the ordinary course, with no anticipated interruptions to customer services or the underlying network.

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Inveniam Capital Partners, which acquired Storj in October 2025 through a reverse triangular merger, is backing the reorganization process. The company’s messaging positions the bankruptcy as a pathway to what it describes as a more sustainable business structure, one that better aligns ownership among management, the decentralized community, STORJ token holders, and investors.

Chapter 11 is not Chapter 7. This isn’t a liquidation. It’s a reorganization, which means Storj intends to emerge from the process as a going concern. But reorganizations can involve significant changes to ownership structures, equity stakes, and the priority of different classes of stakeholders. In traditional bankruptcies, equity holders, the closest analogy to token holders, typically sit at the bottom of the creditor hierarchy.

The token question nobody can answer yet The STORJ token isn’t just a speculative asset. It serves a genuine utility function: users pay for storage and bandwidth with it, and node operators earn it as compensation for providing capacity to the network. The company has stated explicitly that no changes to network economics are anticipated.

Back in May 2026, Binance placed STORJ under a “monitoring tag” as part of a review covering nine tokens. That designation signals potential delisting risk, though Binance did not confirm removal at the time. A monitoring tag from the world’s largest exchange, followed two months later by a bankruptcy filing, is not the kind of one-two punch that inspires confidence among retail holders.

Context: Storj’s long road to this moment Storj has been around since 2014, making it ancient by crypto standards. The project launched with a genuinely compelling thesis: use blockchain-based incentives to create a decentralized alternative to Amazon S3 and similar cloud storage services. Node operators around the world contribute spare hard drive space, get paid in STORJ tokens, and collectively form a distributed storage layer.

The Inveniam acquisition in October 2025 was supposed to be a new chapter. Inveniam, a firm focused on data integrity and asset digitization, positioned the deal as complementary to Storj’s decentralized infrastructure. Less than a year later, the combined entity is in bankruptcy court.

What this means for investors For current token holders, the key variables to watch are straightforward but critical. First, the restructuring plan itself: how the bankruptcy court handles the relationship between corporate equity, creditor claims, and the token’s role in the network will determine whether STORJ retains meaningful value. Second, exchange listings: any movement from Binance’s monitoring tag to actual delisting would be a significant negative catalyst. Third, network activity: if node operators begin leaving the network or users migrate to alternatives like Filecoin or Arweave, the token’s utility argument weakens regardless of what happens in court.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Holochain is a project that many say is set to change the way we think about Distributed Ledger Technology. As a result, interest in HOT is at a fever pitch.

Indeed, Holochain is offering an alternative to the current landscape of bloated blockchains and imperfect solutions. However, the project is facing questions of its own including why development is progressing so slowly, months after a highly successful ICO.

So, is it still a project worth considering?

In this Holochain review I will attempt to answer that. I will also take an in-depth look at the use cases of the HOT token and it's long term adoption potential.

What is Holochain?Holochain is being positioned as an alternative to the blockchain, giving developers a framework for creating decentralized applications (dApps).

One huge change to enable this is a switch from the data dependent blockchain to an agent-centric system. Holochain's method avoids keeping a global consensus, using an agent system in which each agent keeping a private fork, and that is stored and managed in a limited manner on the blockchain with a distributed hash table.

Holochain Benefits. Source: Holochain Website

This avoids scalability problems that have plagued blockchain solutions. It also allows any dApps hosted on Holochain to do far more with less resource than required for blockchains. In this Holochain review, we will take an in-depth look at the project, technology and token prospects.

Holochain vs. BlockchainThe traditional blockchain works by storing data via cryptographic hashes on a distributed network. Each node on that network maintains a full copy of the blockchain and the global consensus to verify the network and keep its integrity intact. It's one feature of blockchain technology that has been a strength of the emerging technology.

There are weaknesses that come with the blockchain methodology. One that has been plaguing blockchain developers is scalability issues that are created by requiring each node in the network to verify the entire network.

As the amount of data increases on the blockchain, it becomes increasingly restrictive for transaction throughput on the blockchain. This is why some cryptocurrencies have experienced such long transaction times, and such high network fees.

The name came about because the system used by Holochain resembles the construction of a hologram. In a hologram a coherent 3-D pattern is created by a specific interaction of light beams, and in the Holochain the system creates a coherent whole in a similar manner, putting individual components together to form a whole.

In addition, the technology uses holistic patterns as part of its functionality.

The Public Portion BlockchainThe Holochain system does away with scalability issues by not requiring each node or agent on the network to keep a continually updated record of the entire public blockchain.

Instead, each node keeps its own blockchain which interacts with the node's unique cryptographic key. Imagine the entire public blockchain as a river, and each node is similar to a smaller stream that feeds into the river.

If a node goes offline it creates a fork of the public chain, but the public chain continues forward, without being impacted by the loss of one of its nodes.

Holochain is a Green SolutionBy now everyone knows how much energy is required by Proof of Work blockchains such as Bitcoin. Holochain claims to be a green solution to environmentally destructive blockchains.

Because nodes on Holochain don’t store and validate the entire blockchain there is only a small percentage of bandwidth used in comparison with traditional blockchains.

Moreover, there’s no mining component to Holochain, so the electricity used is minimal, really no more than would be used by the node computers in their normal operations. With the electricity requirements of PoW blockchains constantly on the rise, this environmentally friendly approach seems far better.

Node Data Accessed by the Public SpaceInstead of making each node keeps its own copy of all the data in the entire blockchain, the Holochain central chain maintains a series of rules to verify the data on each node's blockchain. That verification occurs occurs on a distributed hash table.

This means that when a node goes offline its data is not lost to the public blockchain. Instead a limited copy is maintained and verified according to the set of rules.

Node Architecture at Holochain

As you can read in the FAQ section of the Holochain website, the developers compare the system to the way that a living organism stores information in DNA or the way that languages are stored by populations of people.

“Where is the English language stored?” the Holochain developers ask in the FAQ. “Every speaker carries it. People have different areas of expertise or exposure to different slang or specialized vocabularies. Nobody has a complete copy, nor is anyone’s version exactly the same as anyone else, If you disappeared half of the English speakers, it would not degrade the language much.”

How Scalable is Holochain?The question of how many transactions per second Holochain can handle needs to be looked at differently than the way we look at scalability on traditional blockchains.

The quick answer to the question is that scalability is unlimited on Holochain. That's somewhat simplistic, and honestly the idea of transactions per second doesn't apply to Holochain due to its inherent nature.

Rather than keeping a global consensus of data on the blockchain, Holochain uses a distributed hash table to keep a record of the essential type and validity of data that each individual node contributes.

 
Network topology of five agents running three different apps. Every app is it’s own p2p network. Source

The developers have used an analogy of a dance floor to better explain. You can look at a dance floor and immediately know who is dancing ballet and who is dancing hip-hop.

How many dancers can be dancing at the same time?

As many as will fit on the dance floor. It's apparent that there's no need to use a trusted centralized third-party to keep track of the dancers and what style of dance they are performing.

“So, Holochain as an app framework does not pose any limit of transactions per second because there is no place where all transactions have to go through,” the developers wrote. He went on to say

It is like asking, ‘How many words can humanity speak per second?’ It's an irrelevant question. With every human being born, that number increases. Same for Holochain.

What Dapp's Work With Holochain?Holochain would be a very good fit for any dApps that require a large number of individual inputs where each individual has access to a limited copy of all the inputs.

The immediate use case put forth by Holochain is social media platforms, but they’ve also suggested that Holochain will work well in peer-to-peer platforms, supply chain management, reputational cryptocurrencies or loyalty programs, collective intelligence projects and more.

These projects make a good fit for Holochain because of its agent-centric nature. You can also view a comprehensive overview of the types of apps you can develop on the holohackers map.

Some Apps on Holochain Github Already

Holochain would not work well with any type of private or anonymous datasets however, since each individual node publishes a shared distributed hash table. Holochain is also not suited for any application that hosts large files, or for running data positivist-oriented dApps, like most cryptocurrencies.

The vision adopted by Holograph postulates that there are no absolute truths on the public blockchain, only the individual perspective held by each node that can be brought together to form a larger picture. This has been compared to a blockchain vision of the theory of relativity.

Language SupportHolochain was written in Go, and that particular programming language was chosen for its similarity to C and its ease of use. The code base is fully open source and can be examined at the Holochain GitHub.

When developing dApps for Holochain developers are free to use both Lisp and JavaScript and there is also support for front-end languages such as CSS, HTML and JavaScript.

The Holochain developers have stated that Holochain is flexible in regards to handling new languages, so there is a good possibility that support for additional languages will be added in the future.

The Holochain TeamThe developers behind Holochain have a vast amount of experience. The co-founders both have 34 years of programming experience. Arthur Brock, who is the Chief Architect behind Holochain has been a contract coder since 1984, working with AI systems and as an online alternative currency system designer since 2001.

Holochain Team

Eric Harris-Braun is the Executive Engineer behind Holochain. He has also been a contract coder since 1984, a full time programmer since 1988, a designer of peer-to-peer communication applications (glassbead.com) for many years, a full-stack web developer, as well as having experience in system design, framework design, etc.

Rounding out the team are 12 additional developers, UX/UI experts, and software engineers. The core developers are David Meister, an Australian software architect with over a decade of experience, and Nicolas Luck, a German software architect who also has over a decade of experience developing elegant software solutions. 

Adoption and CommunityPossibly because the community is still waiting for the release of the Holochain mainnet, the adoption and community activity isn’t quite what you see from some other projects.

The sub-Reddit for Holochain has just under 7,000 subscribers, but posts are only made every few days on average, and many of the recent posts have no responses or comments.

The development team remains active on Reddit though, with AMA’s and explorations of various team members, community leaders, and features of the platform.

Twitter is another popular social platform in the crypto-world, and Holochain is active there, with almost 30,000 followers. They tweet regularly, and most tweets get about 100 likes, and 20-30 retweets.

The Telegram channel of Holochain is fairly large, with just over 12,500 members, and the Holochain Facebook page has over 5,000 likes. There’s also a Holochain Forum, but it doesn’t appear to be exceptionally busy, with only 1-2 posts a day.

Holochain Token (HOT)Holochain completed a month long ICO on April 28, 2018 during which they raised a bit over 30,000 ETH worth roughly $20 million at the time. There were 133,214,575,156 HOT tokens minted for the ICO. As of October 21, 2019 the HOT token is trading for 0.000950, and has a market capitalization of over $150 million, making it the 37th largest cryptocurrency by market cap.

Immediately following the ICO the token had traded as high as $0.002 for a more than 1,000% gain in a week. The price quickly deflated over the following two months, and by July 2018 was trading below $0.0005.

 
HOT Price Performance. Image via CMC

Like all the coins in the cryptocurrency markets, HOT has had its ups and downs over the years, trading as low as $0.000341 on June 29, 2018 and as high as $0.002538 on May 29, 2019. 

The HOT token is an ERC-20 token that can be stored in any ERC-20 compatible wallet, such as MetaMask, MyEtherWallet, or one of the hardware wallets. Eventually, the ERC-20 tokens will be able to be swapped for Holofuel. That swapping will become available once the Holo mainnet launches.

Rather than burning the HOT tokens after swapping they will be held in a reserve account to help maintain stability in the network. There are no plans yet for when HOT will be completely removed. There are also no set plans for listing Holofuel on exchanges, although the team understands this conversation will need to happen.

HOT TradingWhen it comes to the markets for HOT, it is listed on a number of exchanges. These include the likes of CoinEx, Binance, MXC etc. The volume is seems to be pretty well distributed although CoinEx has over 30% of it.

When it comes to the liquidity on the individual exchanges, it appears to be pretty strong. For example, if we were to take a look into Binance's USDT / HOT order book it appears to be quite deep. There is also pretty reasonable daily turnover.

 
Register at Binance and Buy HOT Tokens

In addition to this, the Binance Exchange also makes a market in BTC & ETH crosses of HOT. So, this means that you will be able to place large block orders without too much slippage.

What is Holofuel?Holofuel is the planned native cryptocurrency of Holochain, which will be a mutual-credit currency, and will be backed by actual assets.

The Holochain team calls it a “contractual service obligation” because it can be earned and redeemed for hosting on the Holochain platform. Its primary use is for Holochain application (hApp) providers to pay Holo hosts for their services.

The Holochain team believes Holofuel is different from many of the existing cryptocurrencies for three primary reasons:

Mutual Credit: Unlike other cryptocurrencies which are primarily used for speculation, HoloFuel is not tokens created from nothing. It is a double-entry crypto-accounting framework that provides scalability, transparency, and accountability.Asset-Backed: HoloFuel is backed by the computing power of hosts across the globe.Value-Stable: The value of HoloFuel is connected to the computing capacity of the network of hosts. This capacity evolves and changes slowly and isn't subject to huge spikes and crashes the way other speculative tokens are.Ultimately this makes Holofuel a hosting utility token, and there are already several competitors who are much further along in development. Projects like Sia, Storj and Filecoin all reward users for sharing their computing power, harddrive space or bandwidth capacity.

DevelopmentI will also mention here that there have been some criticisms of Holochain, most notably that the project is making little to no progress.

And it’s true the project has been progressing quite slowly. It is still waiting for the alpha testnet to launch 18 months after the ICO was completed.

That’s a long time, and there’s no indication when the mainnet might launch. Of course, the team says they’re taking a long view towards their project, and that they don’t want to rush anything.

Of course, there is a simple way to assess the monthly development output and that would be to take a look into their code public code repositories. By observing the code commits we can get a good idea of how much work is actually being done.

Hence, I decided to dive into the HoloChain GitHub and check out their repositories. Below you have the total code commits for the top 3 most active repos over the past 12 months.

Total Code commits to Select Repos over past year

As you can see, the developers have indeed been quite active. There have been regular commits to all of these select repos over the past year. The project also has over 100 further repositories with varying levels of activity - quite impressive.

If we were to compare this to other projects it's quite clear that Holochain is amoung the most active of all. In fact, on this site they are ranked number 2 when it comes to commits to their core repo.

So, although there have been delays in getting the testnet up and running, one can't complain that the team is not working towards it. If you want to keep up to date with this development you can follow their official blog.

ConclusionWe’ve been told that Bitcoin and blockchain are the future technology, but this might not be entirely true. Blockchain technology is actually nearly 10 years old already, and top cryptocurrencies do little more than mimic our existing corrupt financial system in a quasi-decentralized fashion.

Bitcoin is meant for storing value, and has also become something of a casino for traders. Holochain will be a system of value creation and community engagement that is designed to help us get to a post-monetary society based on community, personal contributions, merit, and service to others. It was designed to grant both data and personal integrity.

It’s not certain if Holochain will be successful, but it is ready to be used, and developers can already begin building the applications they feel can help change our society and our world. Some examples of Holochain dApps can be found here and if you’re interested in developing your own dApp with Holochain you can get started here.

Investors have done very well already with the token seeing a 500% increase from its ICO, and that was during a bear market in crpytocurrencies. Once Bitcoin and other cryptocurrencies begin rising again the HOT token could see significant upside.

Disclaimer: These are the writer's opinions and should not be considered investment advice. Readers should do their own research.

You may be forgiven for forgetting about Filecoin, the $257 million mega ICO of 2017. However, this project is silently making development strides.

This decentralised file storage blockchain is looking to shape up the status quo of centralised web servers and storage providers. It has also just recently released its much awaited testnet and is shaping up for a mainnet launch in 2020.

So, will Filecoin really meet up to its expectations?

In this Filecoin review, I will attempt to answer that. I will take an in-depth look into the use cases, technology and long term project potential.

What is Filecoin?Filecoin is a decentralized data storage protocol that will allow anyone in the world to rent out their spare hard drive storage space. And of course, it will also permit anyone in the world to purchase the storage they need from the network.

This will create an immense pool of global data storage, which the founders of Filecoin feel is necessary for the coming decades as more and more systems become computerized and as storage needs grow exponentially.

Benefits of Filecoin. Images via Filecoin Website

The project was the brainchild of Protocol Labs and its founder Juan Benet. This is the same company and individual who is behind the Interplanetary File System (IPFS). Not unsurprisingly, this is the same technology that the Filecoin Blockchain is built on.

Given that the data will be stored on a blockchain, not only will it be distributed but it will be immutable. This means that no one can tamper with the data and Proof-of-Storage is immediately verifiable for everyone to see on the transparent ledger.

Filecoin is also known for another really important record: it was one of the largest ICOs ever. The project managed to raise a total of $204 million from contributors who bought SAFT agreements in the 2017 raise - I will cover this a bit more below.

Now that you have a basic understanding of what Filecoin is, let's take a look at the reasons why we need decentralised alternatives.

Need For Decentralised StorageThere are many different ideas that have given rise to blockchain projects. For some reason using blockchain technology for cloud computing and data storage hasn’t been given as much attention as they deserve.

The likely reason is that data storage just seems boring, and projects with more hype have taken the spotlight from utility projects like Filecoin and its competitors Storj and Siacoin. Yet decentralized storage has many benefits over its centralized counterparts.

One of the most mentioned benefits is the safe storage of private data offered by decentralized blockchain storage solutions. The popular centralized storage solutions from the likes of Dropbox and Google are vulnerable to attacks.

Dropbox Hacked. Source: Guardian

If a hacker can break through the security perimeter of one of these centralized networks they can access all of the data stored there. Much of that data can be sensitive and private in nature, including financial details, passwords, and other personal data. Because the theft of this data can become dangerous it is critical to protect it the best way possible.

And the best way possible is by storing such data on a decentralized blockchain solution like Filecoin. It takes data stored and first encrypts it before breaking it into smaller chunks and storing them in multiple nodes.

Only the person who holds the private key can reassemble all the pieces to view the data in its entirety. Any potential errors in the storage and reassembly of the pieces are handled through redundancy of storage on the nodes.

Tapping the Vast Unused Resources. Image via: Filecoin Primer

Decentralized data storage will also increase the efficiency of storage, which will lead to reduced storage costs. Consider that Amazon S3 charges $25 per terabyte per month, but Filecoin should be able to reduce that to around $2 per terbyte per month. Decentralized networks can lower costs so dramatically because they don’t have the running costs of centralized networks.

Other benefits are that data transfer will be both smoother and faster. And finally, Filecoin includes its currency layer, which provides incentives for storage nodes and data retrieval.

Filecoin TechnologyFilecoin was among the first blockchain projects to introduce the concept of a decentralized storage network (DSN). A DSN is a data storage scheme that includes a network of independent storage nodes and clients. The DSN aggregates the storage offered by the independent node operators, and coordinates the storage and retrieval of the data.

The aggregation and coordination is decentralized, which removes the need for trusted third parties. Instead, security is achieved through the operating protocols which coordinate operations and verify the data storage and retrieval.

Consensus MechanismsFilecoin has created two new consensus algorithms to make their storage system publically verifiable. These are Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt).

Proof-of-Replication (PoRep): This is a new Proof-of-Storage algorithm that allows a server (or node) to convince a user that it has replicated some data in its physical storage.

In the Filecoin system, the server also commits to store x number of replicas of the data, and then convinces the user that it is storing each replica of the data via a challenge/response protocol. PoRep improves on prior schemes by preventing Sybil attacks, Generation attacks, and Outsourcing attacks.

Robustness of the Proof-of-Replication Consensus. Image via Filecoin Primer

Proof-of-Spacetime: In a Proof-of-Storage scheme a user can check if the storage provider is actually storing the expected data at the time a challenge is issued. However, it doesn’t verify that the data remains stored across a given period of time.

One way to accomplish this would be to repeatedly challenge the storage provider. Of course, this introduces a huge amount of complexity and communication, and would become a bottleneck to the Filecoin system since storage providers must submit their proofs to the blockchain network.

Proof-of-Spacetime bypasses this by allowing a verifier to check If a storage provider is storing requested data over a range of time. It accomplishes this by requiring the storage provider to:

generate sequential Proofs-of-Storage (in our case Proof-of-Replication), as a way to determine time;recursively compose the executions to generate a short proof.PoSt and PoRep both use zk-SNARKS, making proofs very short and easy to verify.

IPFSAs mentioned, protocol labs is also behind IPFS. This is a decentralised Peer-to-Peer storage protocol that was launched in 2015. IPFS allows users to store their files across a network of computers in much the same way that BitTorrent does.

Basically, IPFS indexes each file on the network with a fingerprint or "cryptographic hash". This means that the files are unique and only is effectively able to split it up and distribute it in such a way that it is most able to latency - serving files quicker than centralised systems.

Demand for IPFS Resources Since Launch. Image via Filecoin Primer

IPFS is not just a concept and there has been a great deal of adoption across the world for the technology. Over 5 billion files have been added to IPFS and this spans a number of industries. There are also a number of blockchain companies that are using this tech including Wings, AdEx and DigixDAO.

Smart ContractsSmartcontracts were included to allow users to access stateful programs which allow for the validation of storage proofs, request storage and retrieval of data, and spend tokens.

The smart contracts are triggered by certain transactions sent to the ledger. Filecoin has extended the smart contract system to include its own blockchain specific operations such as proof of verification and market operations.

Cross-chain InteractionsWhile not fully implemented yet, Filecoin’s developers are working on support for cross chain interaction through the use of bridges. This will allow other blockchains to utilize the Filecoin storage system while also allowing Filecoin to benefit from the functionalities of other blockchain platforms.

Mining on FilecoinOnce the Filecoin mainnet is live users will have the opportunity to earn FIL tokens by providing data storage and retrieval services to users across the global network.

The more data that a miner stores, the greater their storage power becomes. By increasing storage power the miner increases the likelihood of generating new blocks and winning block rewards. Miners get to choose if they want to participate in storage mining, retrieval mining, storage power consensus, or all three.

Mining on Filecoin is different from mining on a Proof-of-Work blockchain because Filecoin mining is based on storage power consensus rather than raw computing power. That means the more proven storage you have on the network, the more likely you are to win block rewards.

Ways to Mine Filecoin on the Network

The storage power is linear with respect to the amount of storage added to the network by each miner. The amount of GPUs does not determine the likelihood of winning block rewards. This is in contrast with a Proof-of-Work blockchain where miners all compete on GPU power to win block rewards.

The Filecoin miners only use GPU power during the ElectionPoSt, and only if they have winning election tickets. In short, the cheapest way for a miner to gain power on the Filecoin network is by adding more useful storage to the network.

It is possible to test mining on the testnet, which went live in December 2019. You can learn more about how to test Filecoin mining here.

For small miners who worry about GPU power for the ElectionPoSt, the Filecoin team is researching ways to outsource the SNARK computation to minimize GPU costs for miners.

Filecoin TeamUnlike most blockchain projects, Filecoin was not founded by an individual or group of individuals. Instead, it comes from a U.S. company called Protocol Labs. Protocol Labs was founded in 2014 by Juan Benet and long before it became involved with Filecoin it was involved with creating foundational internet infrastructure technology.

One of its most widely known and used inventions is the interplanetary file system (IPFS), which is a decentralized web protocol that hopes to replace HTTP. The company continues to research, develop, and deploy network protocols.

Juan Bennet & Protocol Labs

In addition to IPFS Protocol Labs also developed libp2p, a modular network stack for peer-to-peer apps and systems. It also launched CoinList, a platform for token investment and sales. Protocol Labs does all of its development in an open and transparent manner, seeking to create massive value for the world.

The core team at Protocol Labs includes members with a deep understanding and expertise in the following fields: fintech, open source software development, open source community development, cryptography, and distributed systems.

The Filecoin CrowdsaleFilecoin’s ICO was the largest in history when it went down, with the sale bringing in an eye-watering $257 million.

One issue with the ICO was that it was only open in the U.S. to accredited investors, meaning those with over $1 million in capital, or an income of more than $200,000 per year.

Filecoin did this in an attempt to meet all the regulatory requirements to make their sale available in the U.S., however many community members were left with a bad taste in their mouths due to the snubbing of the smaller investor.

Filecoin Token Sale Details. Image via Token Sale Paper

Also causing some outrage among the community was the pre-sale, which offered tokens to hedge funds and other large investors for less than half the price of the public token sale. The pre-sale included Sequoia Capital, Andreessen Horowitz, and Union Square Ventures, among others.

The ICO was different from most in that Filecoin structured it as a Simple Agreement for Future Tokens (SAFT). As such there are no actual FIL tokens in existence yet. Investors paid for the right to collect the tokens once Filecoin launches its mainnet and mines the genesis block.

As of January 2020, the Filecoin tokens have of course not been released. Having said that, there are Filecoin Futures markets on LBank and BitForex but I would avoid these given that these exchanges are not that well known.

DevelopmentOne of the best ways to get a sense of the amount of work being done on the Filecoin blockchain is to take a look into their open source code repositories.

The total code commits that the project has pushed over the past year is a great indication of the total development activity. I dived into the Filecoin GitHub and below are the total commits for the top 3 repositories.

Total Commits to chosen repos over past 12 months

As you can see, there has been extensive work done over the past 12 months. While other projects were launching half baked products and fizzling out, Filecoin has been quitely pushing code.

I should also point out that there are a further 64 other repositories that have varying levels of commits. There are also over 18 people who are working on the code on a daily basis.

Of course, most of this work relates to the testnet launch that was announced in December of 2019. There is also a great deal of preparation taking place for the rollout of the mainnet this year.

Roadmap and TestnetThere was a detailed roadmap produced by the Filecoin team back in 2017, prior to the ICO. Since then they haven’t provided updates until the launch of the testnet in December 2019.

Now they have also posted a Gannt chart that’s updated in real-time and can be accessed to see where the team is in development. Note the current roadmap shows the mainnet for the project launching in March or April 2020.

The testnet allows for live testing of the Filecoin protocol. At this time the tam is using it to test, benchmark, and optimize the network. The entire purpose behind the testnet is to evaluate the network at scale in order to identify and fix any issues prior to the launch of the mainnet.

Filecoin Testnet Launches!

The testnet is considered to be the most realistic implementation of the coming Filecoin mainnet, but is still subject to significant changes based on what’s discovered during the testing period. Meanwhile, anyone is free to access and join the testnet, and the codebase also remains completely open source for anyone who wishes to examine it.

Benefits of having the testnet include:

Prospective storage miners can experience more realistic sealing performance and hardware requirements due to the use of near-final proofs constructions and parameters.Prospective storage clients can store and retrieve real data on the testnet. Clients can participate in deal-making workflows and storage + retrieval functionality.Developers can begin building applications on top of testnet-compatible implementation APIs.Currently, the Filecoin testnet operates with one Filecoin implementation: lotus. In the future, additional implementations will join the network, since the network has been built to be implementation-agnostic.

The Filecoin team has posted this IMPORTANT NOTE:

The Filecoin protocol is not yet 100% complete or stable. Testnet will not be a stable network; the entire purpose of testnet is for us to find and fix bugs, so this is expected! The network will be restarted at least once, and possibly several times, between now and mainnet launch.

If you wanted to keep up to date with developments from the Filecoin team then there are a number of places the developers are active. You could follow their discussion forum, chat on slack or follow their Twitter. More formal announcements will be made on the Filecoin Blog.

Filecoin Vs Siacoin and StorjWhile Filecoin is still in the testnet hase, there are other projects with similar goals to Filecoin which have already launched their networks. The most well-known and notable of these are Siacoin and Storj.

Siacoin has over 300 storage providers with a total capacity of 2 petabytes and current utilized storage of nearly 700 terabytes. It’s software has been downloaded 1.2 million times and it’s the 71st largest cryptocurrency (SC) with a market cap over $52 million.

Filecoin vs. Siacoin vs. Storj

Storj has recently launched their public beta network and expect their mainnet to go live within the first weeks of 2020. They have a functioning cryptocurrency (STORJ) since 2017, which ranks 170th with a market cap of over $12 million.

Also, consider that the centralized players in cloud computing aren’t going to give up easily. Amazon S3 is currently the largest file storage platform in the world, but others such as Microsoft and Alphabet are working hard to claim market share as well.

It could be extremely difficult for decentralized options like Filecoin to overtake these centralized giants who have strong business connections, offer reliable service, and is easily scalable. It is also an excellent choice for developers who want integration with other Amazon services (or Microsoft or Alphabet depending on the platform being used).

ConclusionUndeniably file storage is one of the strong use cases for blockchain technology, even if it isn’t as glamorous as the DeFi applications that are currently so popular. Still, I believe this can be one of the more successful utilizations of blockchain, especially once it gains mainstream adoption.

And in the file storage space, Filecoin appears to be the best positioned to make it work. Not only did it have one of the biggest ICOs of 2017 but it has also been hard at work over the past two years building out the protocol. This is all on top of some highly effective tech like IPFS and ibp2p.

Moreover, the project has some really high profile backers in the VC funds invested in it and a strong team behind it. These should all add weight to the resolve of the Filecoin project.

There are challenges of course. It will not be easy to get people to move away from centralised systems. They like the convenience that comes from services like Google drive and Amazon Web Services. Can Filecoin develop a simple to use interface and user experience?

Time will tell...

Either way, Filecoin is definitely one to keep your eyes on. If the testnet development goes according to plan, we could very well see that much awaited mainnet launch in March of 2020.

Storj (STOJ) is a decentralized and secure cloud storage provider that encrypts and splits data across thousands of nodes. The STORJ token facilitates value transfer within the network, while the Tardigrade tool offers a more cost-effective and secure storage solution compared to major cloud providers. Using the STORJ token provides users with bonus incentives, reducing costs and increasing adoption. In this article, you can find answers to two frequently asked questions: what is Storj (STORJ) and how to buy Storj (STORJ) with TRY.

What is Storj (STORJ)?Storj is a revolutionary decentralized cloud storage provider that promises advanced security, performance, and cost efficiency. Unlike traditional centralized cloud storage options, Storj uses a globally distributed cloud object storage protocol. This innovative approach encrypts data and splits it into multiple pieces, storing it across a network of thousands of nodes worldwide. This method not only ensures robust data security but also offers significant performance improvements and cost savings.

One of Storj’s standout features is its S3 compatibility, which allows seamless integration with existing tools and systems. This makes it an attractive option for businesses and developers seeking a secure and efficient cloud storage solution. Storj’s decentralized architecture, combined with end-to-end encryption for every file, provides strong defense against cyber attacks, enhances reliability, and boosts download and upload speeds.

Storj is powered by the STORJ token, which facilitates value transfer within the network. This token plays a crucial role in aligning the network’s goals with broader objectives such as immutability, security, and third-party verifiability. By using the STORJ token, users and operators within the network can coordinate more effectively, ensuring the smooth operation of the decentralized storage ecosystem.

The company behind Storj, Storj Labs, also operates Tardigrade, a developer tool designed to outperform major cloud providers like S3, Google, and Microsoft in terms of durability, performance, and security. Tardigrade offers businesses a cost-effective cloud storage solution, saving millions of dollars at a fraction of the cost. Through the Tardigrade Open Source Partner Program, open-source applications that allow users to store data on Tardigrade via connectors can earn a share of the revenue generated by these users.

To encourage the use of the STORJ token, Tardigrade users receive a bonus for every STORJ token investment they make, further reducing cloud storage costs. This incentive encourages more users to adopt the token for transactions, promoting greater adoption and utility within the network. Additionally, any third party operating a Satellite within the Storj ecosystem is required to accept STORJ as a payment method for storage and bandwidth.

How to Buy Storj (STORJ) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Storj (STORJ). On Binance TR, where accounts can be created quickly, over 100 cryptocurrencies, including STORJ, can be bought and sold. To buy Storj (STORJ) with TRY on Binance TR, follow the steps below.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. To do this, you need to go to the trbinance.com address and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.

After entering the requested information completely and accurately, an email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).

How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through the official Binance TR website. Note that you will also need your mobile phone to perform identity verification from the website.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify”. In the next step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue with the verification process, first select the document type that suits you.

After selecting the document type, tap on the “Upload Front” option to continue. After taking a photo of the front of the document according to the document type you selected, tap on the “Upload Back” option and take a photo of the back of the document and upload it. Make sure that the images are clear and that the information in the photo you took is easily readable when taking photos of the front and back of your ID card or driver’s license.

Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.

After completing all these steps accurately and completely, your identity verification process will be completed in a short time.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and perform transactions without interruption. Deposits from other banks can be made 24/7 with FAST up to 50,000 TL. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first go to the trbinance.com address, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.

Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, an account name and IBAN address will appear, where you can make a transfer, EFT, or FAST. All you need to do now is to use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet in your Binance TR account.

How to Buy STORJ Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to STORJ coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.

After clicking on this option, the following page will open. By typing “STORJ” in the search section on the right side of this page and clicking on the STORJ/TRY option from the results, you can go to the TL to STORJ purchase page.

Now the following STORJ trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy STORJ in the first box and the number of STORJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy STORJ” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Storj Labs has acquired Valdi, a provider of high-performance cloud computing services for the artificial intelligence market

Storj Labs has acquired Valdi, a provider of high-performance cloud computing services for the artificial intelligence market. The acquisition aims to enhance Storj's enterprise services by incorporating Valdi's extensive network of over 16,000 GPUs worldwide. This move is expected to bolster Storj's capabilities in offering on-demand storage and compute for AI workloads, benefiting sectors such as technology, research, and life sciences. Terms of the deal were not disclosed.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Analyst Names Top Altcoins to Buy After Recent Market Dip

Storj Resumes $5M Token Deposit to Binance After 24% Price Rebound

Storj (STORJ), an open-source platform that leverages the blockchain to provide end-to-end encrypted cloud storage services, continues to trade higher by 4.4%, around $0.39 on Tuesday after rallying 5% the previous day. On-chain metrics further support the recent price rally as STORJ’s open interest and daily trading volume are rising. The technical outlook suggested a rally continuation, targeting double-digit gains ahead.

Storj price action suggests rally continuation Storj price trades inside a descending trendline (drawn by connecting multiple highs since early December). On Monday, STORJ’s price faced rejection from the descending trendline after reaching a high of $0.47 and gaining 5%. At the time of writing on Tuesday, it continues to trade higher by 4.4%, around $0.39.

If Storj continues its upward momentum, it could extend the rally by 18% from its current level to retest its weekly resistance level at $0.46. A successful close above this level would extend an additional gain by 35% to reach its January 6 high of $0.62.

The Relative Strength Index (RSI) on the daily chart reads 53, above its neutral level of 50 and points upwards, indicating bullish momentum. Moreover, the Moving Average Convergence Divergence (MACD) also showed a bullish crossover last week, giving buy signals and an upward trend. 

STORJ/USDT daily chart

STORJ’s Open Interest (OI) further supports the bullish outlook. Coinglass’s data shows that the futures’ OI in Storj at exchanges rose from $13.32 million on Sunday to $43.70 million on Tuesday, the highest level since October 22, 2024.  An increasing OI represents new or additional money entering the market and new buying, which suggests a rally ahead in the STORJ price.

STORJ open interest chart. Source: Coinglass

Another aspect bolstering the platform’s bullish outlook is a recent surge in traders’ interest and liquidity in the STORJ network. Santiment data shows that Storj’s trading volume rose from $10.52 million on Saturday to $387.48 million on Tuesday, the highest since mid-October.

Storj Volume chart. Source: Santiment

However, if Storj’s daily candlestick closes below $0.33, the bullish thesis would be invalidated, which leads to a downward movement to retest its February 3 low of $0.25.

Summary

Inveniam is acquiring Storj, integrating its decentralized cloud infrastructure to expand its data and AI platform for private markets.Storj will continue operating as a subsidiary with no changes to pricing, leadership or service contracts; CEO Colby Winegar will remain in place, and Ben Golub will join Inveniam’s board.In a move that underscores the growing convergence of decentralized infrastructure and enterprise AI, Inveniam Capital Partners has signed a definitive agreement to acquire Storj, a long-time player in decentralized cloud storage, the company said in a press release Wednesday.

Financial details of the transaction were not disclosed.

The deal will fold Storj’s distributed storage and compute capabilities into Inveniam’s data operating and orchestration platform for private markets, the company said.

Storj will continue operating as a standalone subsidiary, with no immediate changes to service contracts, pricing or leadership.

“Storj’s unique technology is a critical enabler of Inveniam’s mission,” said Patrick O’Meara, chairman and CEO of Inveniam, in the release.

“We’re particularly excited to integrate the STORJ token into our ecosystem, driving greater utility and alignment across our platforms," he added.

STORJ was 18% lower over the last 24 hours, trading around $0.18.

Storj CEO Colby Winegar will continue to lead the subsidiary, and Executive Chair Ben Golub will join Inveniam’s board.

The STORJ token will remain part of the platform, continuing to support Storj’s ecosystem. All customer, supplier, and community relationships, including those tied to its storage, GPU, and Petagene businesses, will remain in place, Inveniam said.

Read more: Crypto-Backed Cloud-Storage Platform Storj Promotes Colby Winegar to CEO

AI Disclaimer: 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.

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