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

March 10, 2023 Bitcoin.com

Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells Billion Bond Portfolio at a .8 Billion Loss

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” […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

January 23, 2023 Bitcoin.com

2020

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. […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

December 29, 2022 Bitcoin.com

84.72%

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, […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

November 25, 2022 Bitcoin.com

Report: Crypto Financial Services Firm Matrixport Seeks 0 Million in Funding

$1.5 billion

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Interest in Russian Crypto Channels on Telegram Declining, Analysis Shows

October 17, 2022 Bitcoin.com

Analysis

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

August 15, 2022 Bitcoin.com

$6.44 billion

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

July 31, 2022 Bitcoin.com

bitcoin.com

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

September 2, 2021 Bitcoin.com

$2.33 trillion

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

August 16, 2021 Bitcoin.com

$3.9 billion

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 […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

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

July 3, 2021 Bitcoin.com

Alibaba

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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