Giant Bitcoin Merchant Bank Posts Losses Over $130 Million

Giant Crypto Merchant Bank Posts Losses of More than $130 MillionGalaxy Digital, one of the earliest and largest cryptocurrency merchant banks in the space, founded by billionaire Mike Novogratz, posted first quarter earnings. Published accounts suggest the firm has lost $134 million due to a combination of an extended bear market and the usual course of starting a large company. Many analysts wonder aloud what […]

The post Giant Bitcoin Merchant Bank Posts Losses Over $130 Million appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in Crypto

The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in CryptoA Hong Kong-based investment firm is planning to launch a new crypto-custody service to address the growing interest from institutional clients, and we’ve covered the story in today’s Bitcoin in Brief. Also in The Daily, billionaire Mike Novogratz expects an influx of institutional investors into the crypto space; a new survey claims 30 percent of […]

The post The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in Crypto appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Billionaire Novogratz Is Investing Hundreds of Millions of Dollars in Bitcoin and Crypto Startups

Mike Novogratz, a billionaire investor who formerly managed Fortress Investment Group and Goldman Sachs, is said to be investing hundreds of millions of dollars in emerging Bitcoin and crypto startups. Chasing Big Money This week, Business Insider reported that an insider within Mike Novogratz’s cryptocurrency company and investment firm Galaxy Digital has said that the […]

Go to Source

Powered by WPeMatico