Category: Galaxy Digital

Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning

Digital Currency Donors and Crypto-Backed Endowments Fuel Higher LearningDigital asset holders and organizations have been donating funds to a number of well-known universities. These days a slew of popular colleges like Stanford, MIT, Cornell, Puget Sound, and Princeton all accept digital currency donations or have high-net-worth crypto backers funding these schools. On the flip side of higher education, many of the world’s prestigious […]

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Galaxy Digital Reportedly Raising $250M to Help Firms Survive Crypto Winter

Galaxy Digital Is Reportedly Raising $250M to Help Firms Survive Crypto WinterThe current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability. Also Read: […]

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The Daily: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy Digital

The Daily: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy DigitalIn Thursday’s edition of The Daily, we cover a new task force established by the state of New York to explore the cryptocurrency market and its regulation, a move by Galaxy Digital’s Mike Novogratz to buy more of the business, and an interesting way to mark the anniversary of Bitcoin’s genesis block. Also Read: Bakkt […]

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Bakkt Completes First Round of Funding With $182.5 Million

Bakkt Completes First Round of Funding With $182.5 MillionIntercontinental Exchange’s upcoming cryptocurrency trading platform, Bakkt, has raised $182.5 million from a dozen investors. The funds will help develop an institutional-grade regulated crypto exchange, clearing and warehousing services for physical delivery and storage. The company now expects to provide an updated timeline on launching bitcoin daily futures contracts in early 2019. Also Read: Israeli […]

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Crypto-Focused VCs Invest $30 Million in Digital Banking App

Crypto-Focused VCs Invest $30 Million in Digital Banking AppGood Money, a digital banking startup, has announced it’s raised $30 million in Series A funding. The round was led by Galaxy Digital with investments from Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, Blockchange Ventures, Cross Culture Ventures, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein and others. Also Read: Law Professor: […]

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The Daily: Belarus Adopts New Regulations, Galaxy Digital Releases Q3 Results

The Daily: Belarus Adopts New Regulations, Galaxy Digital Releases Q3 ResultsIn this edition of The Daily, we look at the latest regulatory development in Europe – Belarus High Technologies Park has adopted new regulations for cryptocurrency companies. We also cover Galaxy Digital’s report into its third quarter financial results and an alert issued in Texas about a new scam promising refunds to Bitconnect investors.   […]

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Novogratz: ‘It Sucks to Build a Business in a Bear Market’

Mike Novogratz, the chief executive officer of Galaxy Investment Partners, recently discussed the challenges of building a cryptocurrency investment firm in the 2018 bear market. But the former Goldman Sachs partner predicts that institutional demand for cryptocurrencies will drive the start of a new bull trend in 2019. Also Read: Snowden: “Large Population” Believes in Bitcoin […]

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The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta

The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Backed Game Releases TrailerIn today’s edition of The Daily, we focus on the intersection between the cryptocurrency industry and gaming. A game startup recently raised $16 million from investors such as Okcoin and Galaxy Digital, while the developers of a game backed by the investment arm of Coinbase have released a new gameplay trailer. And in related news, […]

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Bitfury Secures $80M in Private Placement

Bitfury Secures $80M in Private PlacementBitfury Group, the San Francisco-based manufacturer of bitcoin mining hardware, announced today that it has closed an $80 million private placement funding round. This may indicate that the company, which was rumored to be working on an initial public offering, has decided to delay taking the IPO route for now. Also Read: Lawyer Invests $300 […]

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Crypto-Backed Lending Platform Blockfi Approved to Operate in California

Crypto-Backed Lending Platform Blockfi Approved to Operate in CaliforniaBack in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states. Also Read: Novogratz’ […]

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Billionaire Backed Bitcoin Bank Trading on Major Stock Exchange

Billionaire Backed Bitcoin Bank Trading on Major Stock ExchangeComing off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions […]

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Giant Bitcoin Merchant Bank Posts Losses Over $130 Million

Giant Crypto Merchant Bank Posts Losses of More than $130 MillionGalaxy Digital, one of the earliest and largest cryptocurrency merchant banks in the space, founded by billionaire Mike Novogratz, posted first quarter earnings. Published accounts suggest the firm has lost $134 million due to a combination of an extended bear market and the usual course of starting a large company. Many analysts wonder aloud what […]

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