Tagged: galaxy digital

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

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

Novogratz’ Crypto Merchant Bank, Galaxy Digital, Granted Underwriters License in US

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

Galaxy Digital & Docusign Invest in Cloud-based Smart Contract Tech Firm “Clause”

Clause Announces $5.5 Million Series A Round Galaxy Digital and DocuSign have joined to back a $5.5 million Series A round in smart contract cloud firm “Clause.” Existing investors BN Capital at Lerer Hippeau, and Seedcamp participated. Several new investors participated including Raptor Group, Galaxy… Read More

Crypto Merchant Bank Galaxy Digital Reports $272.7 Million Loss for 2018

One of the most high-profile cryptocurrency investment companies, Galaxy Digital (TSXV:GLXY) , lost a whopping $272.7 million dollars in 2018, corporate fillings indicate. The company was started by legendary hedge fund manager Mike Novogratz in mid-2017. Novogratz has appeared frequently in the media since the company’s… Read More

Novogratz’ Crypto Merchant Bank, Galaxy Digital, Loses Sixth Executive

The Chief Technology Officer (CTO) at famed hedge funder Michael Novogratz’s cryptocurrency merchant bank, Galaxy Digital (TSXV:GLXY), has left the building after about 1 year in the position, Coindesk reports. Mike McMahon reportedly told the outlet, “I have already left Galaxy Digital and looking for… Read More

CipherTrace Secures $15 Million Venture Capital Investment For Cryptocurrency Security, Intelligence, & Regulatory Compliance

Blockchain security company CipherTrace announced on Tuesday it secured $15 million venture capital investment. The latest funding round was led by Aspect Ventures and includes other notable investors such as Galaxy Digital, Neotribe Ventures, and WestWave Capital. As part of the investment, Aspect’s Mark Kraynak will… Read More

Trading of Novogratz $GLXY Crypto Shares Halted in Toronto After 18.6% Drop

Yesterday was a tough one at Galaxy Digital, the cryptocurrency-focussed merchant bank started late last year by former Goldman Sachs partner and legendary hedge fund operator Mike Novogratz. At 11:25 am ET yesterday, November 27th, the Toronto Stock Exchange halted trading of Galaxy Digital’s $GLXY… Read More

Mike Novogratz Downgrades Bitcoin Price Prediction, Says it Won’t Break $9000 in 2018

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

Goldman Sachs VP Latest Defector to Crypto

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

China: WeiyangX Fintech Review

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

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