USD value – DIGIT INFO

Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets — Week in Review

DIGIT — Sun, 16 Apr 2023 12:30:23 +0000

In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and the USD’s ability to maintain its value even in […]

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Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

DIGIT — Wed, 08 Mar 2023 22:38:42 +0000

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s […]

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Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

DIGIT — Tue, 03 Jan 2023 18:30:26 +0000

After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since […]

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Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower

DIGIT — Sun, 18 Sep 2022 15:30:08 +0000

Following Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it dropped significantly in value during the past few days. However, a lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair (ETF), and ETF has gathered a small amount of hashrate and […]

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While the Merge Led the Bear Market Rise, Hype Has Been Erased and Ethereum Now Leads the Slide

DIGIT — Sat, 27 Aug 2022 14:00:12 +0000

With just over two weeks left until The Merge, ethereum’s value against the U.S. dollar has lost all the gains the crypto asset recorded leading up to the hardened date. In mid-August, ether managed to climb above the $2K zone but since then, the second largest cryptocurrency by market cap lost 23% over the past […]

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70 to 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Months

DIGIT — Sun, 10 Jul 2022 14:30:59 +0000

During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy has seen some healing as the market capitalization of all […]

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Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry

DIGIT — Mon, 21 Mar 2022 20:30:24 +0000

During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes are feeling the brunt of rising inflation. After […]

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Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset

DIGIT — Tue, 07 Sep 2021 17:43:34 +0000

After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is currently trading for prices between $46K-$47K per unit and down 8% during the last 24 hours. Bitcoin Price Slides Significantly After Nearing $53K Crypto advocates […]

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