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Former Goldman Sachs Partner Michael Novogratz has reportedly doubled down on his initial investment in the cryptocurrency-focused merchant bank Galaxy Digital LP (GLXY). According to a recent report by Bloomberg, Novogratz, who founded Galaxy Digital and currently serves as its CEO, now owns 221.2 million ordinary shares, representing 79.3% of the company. As revealed in a recent filing, Novogratz acquired 7.5 million ordinary […]
Samsung, the world’s leading producer of semiconductors and smartphones, is reportedly developing its own cryptocurrency wallet. According to an exclusive report by SamMobile, the “Samsung Bitcoin App” would offer cold storage for digital assets and private keys, in addition to full transaction functionality. While the report has yet to be confirmed, SamMobile notes that the wallet may […]
Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $ 41 million for Q3 2018, bringing the total losses for the year so far to $ 136 million. Bloomberg reports that the Q3 loss was driven by net realised and unrealised losses on digital assets, chiefly caused by losing positions
The post Crypto Firm Galaxy Digital is Losing an Average of $ 15 Million every Month appeared first on CCN
Mike Novogratz’s crypto investment bank, Galaxy Digital Capital Management, hired Goldman Sachs banker Ian Taylor to oversee the group’s advisory-services arm. Taylor will join Galaxy Digital before January 2019, sources told Bloomberg. Taylor was a managing director at Goldman, where he worked for almost 19 years, according to his LinkedIn profile. At Galaxy Digital, he
The post Mike Novogratz’s Galaxy Digital Hires Goldman Sachs Exec to Oversee Blockchain Unit appeared first on CCN
Galaxy Digital, a merchant bank founded by famed bitcoin investor and president of the Fortress Investment Group, Michael Novogratz, has led a $ 52.5 million investment round for cryptocurrency-backed USD lending platform, Blockfi.
Novogratz’ Galaxy Digital Leads $ 52.5 Mn Fundraiser for Crypto-Backed Lending Platform
In the company’s first institutional investment into “cryptoasset backed loans,” Galaxy Digital Venutres LLC, has been announced as the leader in a $ 52.5 million fundraising round for crypto-backed lending platform, Blockfi.