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, 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
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
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 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
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 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 (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 (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
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 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
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
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
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
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
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
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
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, 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
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
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