Tag Archives: Galaxy Digital

Novogratz’s Galaxy Digital Backs $4 million Raise for Crypto-Lender BlockFi

BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million in its latest round this year. The New York-based firm announced Wednesday that the funds have been raised in convertible debt investments in a round led by Akuna Capital, with participation from Mike Novogratz’s Galaxy Digital Ventures, Anthony Pompliano’s Morgan Creek Digital, Susquehanna Government… Read More »

Mike Novogratz Adamant That Bitcoin (BTC) Won’t Fall To $0

Bitcoin fanatic and blockchain enthusiast Mike Novogratz, a former Wall Street hotshot, recently doubled-down on his pro-crypto sentiment, even while this infant market continues to fall victim to shortcomings. Revolutions Don’t Happen Overnight, Crypto Included In an exclusive interview with Bloomberg, Novogratz, a member of Fortress Financial’s top brass turned crypto-centric merchant bank chief, gave some key insight… Read More »

‘Revolutions Don’t Happen Overnight’: Why Mike Novogratz isn’t Giving up on Bitcoin

Advertisement Bitcoin bull Mike Novogratz — the CEO of cryptocurrency merchant bank Galaxy Digital — is unfazed by the recent bear market, saying bitcoin is “digital gold” that will survive and thrive over the long haul. Novogratz admitted that he lost money during the 2018 slump due to bad market calls, but that doesn’t dampen his long-term outlook that… Read More »

Only Bitcoin Gets to Be a ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz

Bitcoin proponent and former Wall Street hedge fund manager Mike Novogratz remains optimistic despite the prolonged 2018 bear market. The investor holds that Bitcoin will become “digital gold” – a store of value in the same sense gold is.  ‘Now I’m The Ugly Face of Crypto’ Having made a series of accurate calls in the past, Novogratz admits… Read More »

Galaxy Digital Leads $30 Million Funding for Social-Crypto Startup Good Money

Digital banking platform Good Money just raised $30 million in a Series A funding round to continue developing its app. Led by Michael Novogratz’s Galaxy Digital (via its Galaxy EOS VC Fund), participants in the funding round included Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, BlockChange Ventures, Cross Culture Capital, Troy Carter, Mitch Kapor, Peter Diamandis Blake… Read More »

Mike Novogratz Expects Crypto Market Turnaround, Adoption in 2019

Frankly, it would be fair to say that bears have brutalized the crypto market and its constituents in 2018, throwing Bitcoin and its altcoin brethren off metaphorical cliffs. However, in spite of the widespread carnage, some innovators remain tunnel-visioned, focused on bolstering the nascent crypto and blockchain ecosystem with no holds barred. Regulatory Fears Remain, but Galaxy Digital Bets… Read More »

Galaxy Digital Loses $76 Million in Q3, Novogratz Remains Bullish

The Mike Novogratz-led Galaxy Digital Holdings LP suffered $76 million in third-quarter losses, taking the company’s losses in 2018 so far to a grand total of $175 million. Galaxy Digital Q3 Losses Total $76 Million As Bear Market Continues Cryptocurrency merchant bank, Galaxy Digital, has released its quarterly earnings report, and the results from the third quarter of… Read More »

Mike Novogratz’s Crypto Bank Reports $76 Million Q3 Loss

Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported a net loss of $76.65 million for the third quarter of 2018. Revealed in the firm’s latest financial report, published Tuesday, that figure accounted for more than a third of its nine-month loss of $175.68 million. Both periods ended Sept. 30. Galaxy Digital recorded a net realized loss… Read More »

Novogratz’s Galaxy Digital Loses Millions After Bitcoin, Ether, XRP Bets

Bitcoin, Ether, XRP Bets Gone Wrong While Mike Novogratz, is unarguably one of this industry’s foremost players, not even he, a former institutional banker turned Bitcoin diehard, has been safe in 2018’s bearish crypto market. Since crypto-centric merchant bank Galaxy Digital, Novogratz’s brainchild, was listed on Toronto, Canada’s stock exchange (TSX) as GLXY, the startup has been mandated… Read More »

Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. 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… Read More »