Tagged: galaxy digital

Galaxy Digital Compliance Officer Appointed to FINRA Fintech Committee

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

SEC Extends Deadline for its Decision Regarding Invesco Galaxy Spot Ethereum (ETH) ETF Applications

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

Galaxy Digital to Scale UK, European Operations with New CEO Appointment

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

Digital Assets: Galaxy Announces Q2 2023 Financial Results, Reports $46M Net Loss

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

Digital Assets: Galaxy, DWS to Develop Crypto-Asset Management Solutions in Europe

Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sector, and DWS, which claims to be one of the world’s leading asset managers, have entered into a strategic alliance with the aim of initially… Read More

Galaxy Digital Dumps Bitgo Merger, Bitgo Demands $100 Million in Break Up Fee

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

Skolem Technologies Secures $20M to Support Institutional-Grade Access to DeFi

Skolem Technologies, an institutional-grade asset management and execution services provider that enables investors “to access the DeFi markets in a safe, reliable way,” has announced that it raised $20 million in Series A funding. The investment round was led by Galaxy Digital and “included participation… Read More

Blockchain Education Platform Encode Club Secures $5M to Support Growth of Web3 Dev Community

Encode Club, a Web3 education community with focuses on blockchain education, talent sourcing and venture investing, has completed a $5 million funding round that was led by Lemniscap and Galaxy Digital (TSX: GLXY). The investment round included participation from Dragonfly Ventures, Folius Ventures, not3Lau Capital, Ascensive… Read More

Goldman Sachs Partners with Galaxy Digital on First OTC Crypto Trade

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

Compute North Finalizes $385M in Funding for TIER 0 Computing Infrastructure

Compute North, a key player in sustainable, large-scale computing infrastructure, has announced that it has finalized its growth capital round of $385 million, “comprised of $85 million in the initial Series C equity closing, co-led by Mercuria and Generate Capital with additional investors including National… Read More

Polygon Raises $450 Million to Pursue Web3 Strategy

Sequoia Capital India has led a $450 million funding round for Polygon. Polygon is a platform for Ethereum scaling and infrastructure development. The company reports widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, approximately 130 million unique user addresses, and over $5 billion… Read More

Bitcoin Mining Report: Analysts Expect to See Multiple Crypto Mining Firms to Complete Listings on the NASDAQ

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

Fintech Platform Ramp Acquires $10.1M to Make Cryptocurrency More Accessible and Useful

The team at Ramp is pleased to confirm that they have secured $10.1 million in funding to take the platform to the next level and “continue pushing the frontier of what’s possible in the crypto space.” Ramp’s management noted that their seed round was led… Read More

CoinShares, Digital Currency Group, Galaxy Digital Contribute to Staking Rewards’ 3M CHF Round

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

TradeStation Group Going Public Via $1.43B SPAC

TradeStation Group, an online broker, announced today it is going public through a SPAC with the Quantum Fintech Acquisition Corporation. The new company will list on the NYSE under the symbol QFTA after the transaction closes some time in the first half of 2022. It… Read More

Art Crowdfunding Platform Masterworks Raises $110 Million, Valuation Tops $1 Billion

Masterworks, an online investment platform that enables retail investors to invest in fractionalized art, has raised $110 million in a Series A funding round led by Left Lane Capital, along with Galaxy Interactive (a division of Galaxy Digital), Tru Arrow Partners, and others. Goldman Sachs… Read More

Portal Secures $8.5M from Coinbase Ventures and Other Crypto Industry Investors to Bring Bitcoin-based DeFi to the Masses

Portal, a self-hosted Layer-2 wallet and “true” cross-chain DEX on Bitcoin that “makes atomic swaps between Bitcoin and other digital assets fast, secure, and private,” is pleased to confirm that it has finalized an $8.5 million round to develop a self-sovereign and “uncensorable” DeFi solution… Read More

Crypto Market Report: Funding Rates Point to Improving Investor Sentiment

The team at Blockstream, a Bitcoin-focused firm, has released its Markets Weekly Report, dated  August 20, 2021. As noted in the report from Blockstream, Bitcoin is currently on pace “to finish on the top end of this week’s range for the fifth weekly win in… Read More

Crypto Platform Ramp Raises $10 Million from US investors NFX and Galaxy Digital

UK-based crypto platform Ramp has raised $10.1 million in funding from California-based venture firm NFX and financial services firm Galaxy Digital along with some Fintech and crypto entrepreneurs such as Coinbase’s CTO Balaji S Srinivasan. Mozilla, Seedcamp, firstminute capital, and Fabric Ventures also participated in… Read More

MoneyGram Claims it Doesn’t Use Ripple’s ODL Platform or RippleNet, while Galaxy Digital, Jump Trading, Simplex Stop Supporting XRP

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has issued a statement after a lawsuit was filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. MoneyGram stated that it had not “been notified or been… Read More

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