Tagged: galaxy digital

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

Blockchain 3

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

Double Bitcoin

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

Andrew Jackson Money 20 Dollars Pastel

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

Sandeep Nailwal

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

Mining Hardware Computers

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

Andrew Jackson Money 20 Dollars Green

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

Swiss Franc Money Switzerland

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

Special Purpose Acquisition Company SPAC 1

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

Art Painting Madonna Uffizi Italy

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

Two Bitcoin

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

Talk Proclaim Declare Announce News Speak Information

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

Bitcoin Computer Keyboard

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

Hands Up Arrest Halt Stop

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

Decentralized Finance Growth Challenges: Ethereum 2.0 Development Experiences Difficulties, DeFi Protocol Yearn.Finance Bug Discovered

Decentralized Financie DeFi Fintech

DeFi (decentralized finance) growth continued this week as Galaxy Digital, a full-service crypto merchant bank, made strategic investments in Parafi, a digital asset fund focused on DeFi investments. As noted by KuCoin exchange (which was hacked recently): “Following bitcoin (BTC) and ethereum’s (ETH) trajectory, leading… Read More

Galaxy Digital, which focuses on Crypto-Assets, Reports $38 Million in Net Income for Q2 2020, Recovering from $27 Million Loss in Previous Quarter

Bitcoin and Fiat Coins Money

Galaxy Digital Holdings Ltd. (TSX: GLXY) (OTC: BRPHF), a financial services firm that specializes in digital assets, published its Galaxy Digital Holdings LP’s and GDH Ltd.’s financial results on August 14, 2020. Galaxy Digital CEO Michael Novogratz noted that its Q2 2020 and year-to-date results… Read More

Decentralized or Non-Custodial Crypto Exchange Aggregator 1inch Secures $2.8 Million in Capital via Round Led by Binance Labs

Digital Dollar Benjamin

Decentralized or non-custodial crypto exchange (DEX) aggregator 1inch.exchange has reportedly secured $2.8 million in capital via an external investment round that was led by Binance Labs. FTX, Galaxy Digital, Dragonfly Capital, and several other investors also took part in the 1inch’s round. Loi Luu, the… Read More

Galaxy Digital, a Full-Service Crypto Merchant Bank, Records a Net Loss of $68.2 million during Q3

Michael Novogratz Seoul Summit 2018

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

Billionaire Michael Novogratz’s Galaxy Digital to Offer Two New Bitcoin Funds

Bitcoin

Galaxy Digital Asset Management, a division of the full service, digital assets merchant bank Galaxy Digital LP, is reportedly planning to introduce two new Bitcoin (BTC) funds in November 2019. Galaxy will be offering the crypto funds to accredited investors so that they can get… Read More

Digital Bank Current Raises $20 Million in Series B

stuart sopp

Digital bank Current has raised $2o million in a Series B funding round, according to a company release. The funding was led by Wellington Management Company, Galaxy Digital EOS VC Fund, and CMFG Ventures. Current also said it was expanding its partnership with Visa as… Read More

Jason Urban: DrawBridge Lending CEO Discusses Risk and Compliance for Lending Capital to Bitcoin Holders

Chicago Skyscrapers City Urban

Earlier this month, DrawBridge Lending (dba DBL Digital), a digital asset lending, borrowing and investment management firm, partnered with Kingdom Trust, a qualified custodian providing a self-directed IRA incorporating several digital assets with property and traditional asset investments. DBL Digital and Kingdom Trust aim to… Read More

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