Valuations – DIGIT INFO

Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss

DIGIT — Fri, 10 Mar 2023 17:04:58 +0000

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” […]

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Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

DIGIT — Mon, 23 Jan 2023 02:04:50 +0000

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. […]

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BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022

DIGIT — Thu, 29 Dec 2022 22:00:51 +0000

Today’s top ten crypto assets make up a large portion of the crypto economy’s current $797.95 billion value on Dec. 29, 2022, and many of them are some of the most popular digital currencies today. While coin market capitalization aggregation sites allow patrons to add their favorite coins to a watchlist, between coingecko.com and coinmarketcap.com, […]

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Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

DIGIT — Fri, 25 Nov 2022 19:30:57 +0000

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion. Matrixport Looks to Raise $100 Million From Strategic Investors The digital asset firm and […]

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Interest in Russian Crypto Channels on Telegram Declining, Analysis Shows

DIGIT — Mon, 17 Oct 2022 11:30:19 +0000

Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research covering the period since the start of the war in Ukraine. Industry experts behind the study say that bitcoin’s lower valuation and financial restrictions increasingly limiting access to the crypto market are the key reasons. Telegram Crypto […]

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Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash

DIGIT — Mon, 15 Aug 2022 18:00:58 +0000

Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 […]

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Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says

DIGIT — Sun, 31 Jul 2022 04:00:21 +0000

The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by major brands like Rolex and Patek have dropped, the company revealed. Higher Supply After Crypto Crash Hurts Resale Prices of Top Watches From […]

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Crypto Economy Gains 83% in Value Over Last 3 Months, Myriad of Lesser-Known Coins Spike

DIGIT — Thu, 02 Sep 2021 15:00:26 +0000

The overall market capitalization of all 10,000+ digital assets has reached a September high of $2.33 trillion as it has risen over 5% on Thursday. The crypto economy hasn’t been at this U.S. dollar value since mid-May or approximately 108 days ago, as the value has increased 83.46% since the crypto economy’s low point on […]

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Axie Infinity Token Climbed 56% This Week, AXS Joins Top 50 Most Valuable Crypto Projects

DIGIT — Mon, 16 Aug 2021 17:30:52 +0000

The price of the axie infinity tokens otherwise known as “shards,” has continued to skyrocket in value capturing fresh new price highs. The asset is changing hands for 10% lower than the all-time high (ATH) captured five days ago reaching $75.73 per unit. Axie infinity’s market valuation has also pushed itself into the top 50 […]

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Bitcoin Still Commands the 9th Largest Market Capitalization in the World

DIGIT — Sat, 03 Jul 2021 12:20:01 +0000

Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech […]

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