Archives

April 2, 2024 @ 8:22 am By Omar Faridi  |  

Venture capitalists Marc Andreessen, Galaxy Digital, and Accolade Partners are the main backers of the crypto VC firm 1kx’s most recnet fund. 1kx is reporting $75 million in funds raised via the investment round with Chris Dixon, a partner at Andreessen Horowitz, named as one… Read More

March 29, 2024 @ 8:55 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and twelve months ended December 31, 2023, for both itself and Galaxy Digital Holdings LP. Since the end of the fourth quarter 2023, digital asset prices “materially changed and our business has benefited… Read More

December 19, 2023 @ 11:13 am By Omar Faridi  |  

Galaxy Digital Holdings (TSX: GLXY) says its Chief Compliance Officer, Lagan Srivastava, has been appointed to the Financial Industry Regulatory Authority (FINRA) Fintech Committee. The committee, which consists of 15 individuals, includes an array of participants, including observers from the Securities and Exchange Commission (SEC) and… Read More

December 15, 2023 @ 8:43 am By Omar Faridi  |  

As expected by most crypto industry participants, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight a spot Ethereum (ETH) exchange-traded fund (ETF), which had been proposed by Invesco and Galaxy Digital. As part of a December 13, 2023… Read More

September 26, 2023 @ 8:36 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sectors, announced that Leon Marshall has been named Chief Executive Officer of Europe. In this newly formed role, Mr. Marshall will be “responsible for overseeing… Read More

August 9, 2023 @ 8:46 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and six months ended June 30, 2023 for both itself and Galaxy Digital Holdings LP. Michael Novogratz, Founder and CEO of Galaxy, said: “Galaxy’s operating businesses performed well in the second quarter against… Read More

August 15, 2022 @ 5:57 pm By JD Alois  |  

Galaxy Digital  (TSX: GLXY) has terminated its acquisition of Bitgo, an institutional digital asset trading and custody provider. Galaxy currently has a market cap of around CDN $2.9 billion. The proposed merger, put in place in 2021, valued Bitgo at around  $1.2 billion. In a… Read More

March 21, 2022 @ 10:32 am By JD Alois  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) has facilitated Goldman Sachs‘ (NYSE:GS) first over-the-counter crypto trade, according to Galaxy. The specific trade was for a “Bitcoin non-deliverable option”. Galaxy claims this is the first OTC transaction by a major US bank. Damien Vanderwilt, Co-President, and Head… Read More

January 18, 2022 @ 9:17 am By Omar Faridi  |  

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

November 24, 2021 @ 10:57 am By Omar Faridi  |  

Staking Rewards, a provider of independent staking data and research, has secured 3 million CHF from various digital asset investment companies to create a new suite of products and services catering to the staking space, “including the development of investable staking index products.” Currently, staking… Read More

December 1, 2019 @ 6:51 pm By Omar Faridi  |  

Galaxy Digital (TSXV: GLXY), a full-service cryptocurrency merchant bank launched by former hedge fund manager Michael Novogratz, has generated $58.4 million in net income during the first three quarters of this year, which represents a 133% increase from the same financial period in 2018. In… Read More

July 29, 2019 @ 11:52 pm By Cali Haan  |  

Mike Novogratz’ ambitious crypto merchant bank venture, Galaxy Digital (TSXV: GLXY; Frankfurt: 7LX) has been licensed by FINRA to underwrite crypto-token offerings, which will lead to the, “expansion of its broker-dealer, Galaxy Digital Advisors LLC,” Galaxy Digital states in a press release July 24th. According to TechCrunch, Galaxy… Read More

October 7, 2018 @ 12:00 pm By Cali Haan  |  

Mike Novogratz, creator of cryptocurrency merchant bank Galaxy Digital, told and audience at the Economist Finance Disrupted conference in New York this week that he does not expect Bitcoin to surpass the $9000 USD mark this year, CNBC reports. Novogratz’ latest call contradicts a number… Read More

April 13, 2018 @ 10:19 am By Cali Haan  |  

Press tracking events in crypto have been reporting on talent migrating from traditional tech and finance into blockchain and crypto for some time now. The latest news concerns an announcement that Richard Kim, formerly VP London at Goldman Sachs, is now CEO at Mike Novogratz’s new… Read More