Tag Archives: Galaxy Digital

Goldman Sachs and Mike Novogratz Announce Multi-Million Dollar Investment in Bitgo Seeking to Attract Institutional Investors

Goldman Sachs Group Inc. is investing heavily in BitGo Holdings Inc., a subsidiary of Bitgo created to provide crypto assets custody solutions. According to Bloomberg, Goldman Sachs’ investment follows the contribution of Galaxy Digital Ventures, a firm created by Mike Novogratz. The amount of money raised by BitGo in its Series B fundraising exceeds 15 million dollars from… Read More »

Novogratz-Led Galaxy Digital, Goldman Sachs Lead BitGo Funding Round

Prominent institutional-grade cryptocurrency wallet provider BitGo raised $58.5 billion in a Series B funding round led by Mike Novogratz’ crypto-focused Galaxy Digital and Wall Street mainstay Goldman Sachs. Goldman and Galaxy Back BitGo’s Ambitions to Create a “$1 Trillion Crypto Wallet” Industry-leading provider of multi-sig security cryptocurrency custodial services BitGo announced today the second close of its Series… Read More »

Goldman Sachs and Galaxy Digital Ventures Lay Faith in Bitgo’s Vision of USD 1 Trillion Crypto Wallet

There is a certain rise in interest for crypto business among private venture investors as another company associated with cryptocurrencies has received funding. This time it is Bitgo who has received the backing of venture capital giant Goldman Sachs and blockchain investor Galaxy Digital Ventures. Bitgo envisions to develop USD 1 trillion crypto wallet Bitgo, the market leader… Read More »

Goldman Sachs Headlines $59 Million Funding Round in Cryptocurrency Custodian BitGo

Advertisement Wall Street banking giant Goldman Sachs has put another stake in the ground of the burgeoning cryptocurrency industry, headlining a $58.5 million Series B funding round in digital asset custodian BitGo. Goldman, Novogratz Invest $15 Million in BitGo Announced on Thursday, the Series B round raises the Silicon Valley-based bitcoin startup’s total fundraising to approximately $70 million.… Read More »

Billionaire Mike Novogratz’ Crypto Fund is Fidelity’s First Custodian Client

Advertisement Galaxy Digital, a crypto merchant bank operated by billionaire investor Mike Novogratz listed on Toronto-based stock exchange TSX-V, has become the first alpha crypto custody client of Fidelity Digital Assets. This week, Fidelity, the world’s fourth-largest asset manager with $7.2 trillion in assets under administration as of October 2018, launched Fidelity Digital Assets, a subsidiary of Fidelity… Read More »

Ex-Goldman Sachs Partner Sees Institutional Flows Into ‘Purely’ Cryptoassets By Early 2019

Mike Novogratz thinks Bitcoin’s long-awaited institutional investor pile-in will happen by Q2 2019 as his Galaxy Digital tests Fidelity Investments’ new custody solution. Custody Opens Road To Influx In ‘Q1/Q2’ 2019 Speaking to Bloomberg October 15, the infamously bullish Novogratz said that while Bitcoin market maturity was taking “a little longer than you hoped it would,” the advent… Read More »

Novogratz: Bitcoin Will Breakout in 2019, But Institutions Still Want Crypto

Despite recently retracting his bullish claims that Bitcoin will surpass $10,000 by year’s end, Mike Novogratz still expressed that institutions are still poised to enter the crypto industry. Fidelity, BitGo, Bakkt Custody Solutions Will Bolster Adoption Per previous NewsBTC reports from Monday, Fidelity Investments, a financial giant with over $2.5 trillion worth of client assets under management, unexpectedly divulged… Read More »

Multicoin Leads $10 Million SAFT Sale for Ethereum Scaling Startup Skale

Blockchain startup Skale Labs raised nearly $10 million in an effort to develop a blockchain scalability infrastructure for ethereum, the company announced Thursday. The startup says in a press statement that it raised $8.86 million in a Simple Agreement for Future Tokens (SAFT) sale led by Multicoin Capital, on top of $785,000 raised earlier this year. Galaxy Digital,… Read More »

U-Turn: Novogratz Calls For Bitcoin (BTC) At $9,000 In 2019, Not 2018

Novogratz Calls For $10k Bitcoin By EOY…. Or Not? Mike Novogratz, the CEO of Galaxy Digital, hit headlines all throughout the crypto industry over the two weeks, as the former institutional investor claimed that Bitcoin (BTC) would surge as 2018 breathed its last breaths. For those who aren’t in the loop, Novogratz, first claimed that crypto assets had… Read More »

Novogratz Turns Bearish on Bitcoin Short-Term, Won’t Break $9,000 Before 2019

Mike Novogratz, outspoken cryptocurrency investor, CEO, and founder of investment firm Galaxy Digital, is commonly known throughout the crypto industry as one of the emerging asset class’ most prominent bulls. However, according to comments made by Novogratz at The Economist’s Finance Disrupted 2018 conference yesterday the long-time Bitcoin bull may finally be turning bearish – at least in… Read More »