Galaxy Digital
Eco CEO on Bitcoin’s Next Move After Briefly Topping $25K
Eco CEO Andy Bromberg discusses his outlook for bitcoin after the cryptocurrency briefly climbed above $25K for the first time since June. Plus, reactions to crypto-focused financial services firm Galaxy Digital abandoning its plan to buy crypto custody specialist BitGo.
BitGo to Sue Galaxy Digital For Abandoning $1.2B Merger Deal; Crypto Funds End Six-Week Inflows Streak
Crypto custody company BitGo plans to sue Galaxy Digital for backing out of the firm's $1.2 billion merger agreement. CoinShares reporting crypto funds had $17 million in outflows in the seven days up to Aug. 12, ending six consecutive weeks of inflows. Plus, European digital bank Revolut has been granted authorization to offer crypto services across the European Economic Area (EEA).
Galaxy Digital Scraps $1.2B Plan to Buy Crypto Custody Firm BitGo
Galaxy Digital, the cryptocurrency-focused financial services firm run by noted investor Michael Novogratz, is walking away from its plan to buy BitGo, saying the crypto custody specialist failed to provide financial statements by a deadline of July 31. "The Hash" panel discusses the latest story turning heads in the crypto community.
La firma de custodia de Cripto BitGo demandará a Galaxy Digital por abandonar un acuerdo de fusión de 1.200 millones de dólares.
BitGo dijo que Galaxy le debe 100 millones de dólares en concepto de indemnización.
Galaxy Digital abandona su plan de 1.200 millones de dólares para adquirir la firma de custodia de Cripto BitGo
El acuerdo de 1.200 millones de dólares se anunció en mayo de 2021 y se esperaba que se cerrara a finales de ese año.
How Tornado Cash US Ban Could Impact Future of Crypto
Galaxy Digital has published a report on how the U.S. Treasury department’s sanction of crypto mixer Tornado Cash could impact the future of crypto.
Novogratz's Galaxy Digital Reports Nearly $555M in Q2 Net Losses
Michael Novogratz's crypto-focused financial services firm Galaxy Digital reported a second-quarter net loss of $554.7 million, more than triple the loss from the same period last year. BTIG Managing Director and Head of Digital Assets Research Mark Palmer discusses the earnings report and its key takeaways.
Novogratz’s Galaxy Digital Reports $554.7M Net Loss in Q2
Galaxy Digital reported a second-quarter net loss of $554.7 million, which was more than triple the loss from the same period last year. The firm said that the larger loss mainly stemmed from the market downturn and investments in Galaxy’s trading business. “The Hash” panel discusses the turbulent market and an outlook into Galaxy’s future.