$134 Million in Digital Losses in Q1 for Galaxy Digital Crypto Bank

2018-7-27 01:04

Crypto investment bank Galaxy Digital lost $134 million in the first quarter of 2018, largely due to declining cryptocurrency prices, the company announced in a quarterly earnings report Wednesday.
Galaxy Digital, chaired by billionaire investor Michael Novogratz, said it saw a “net unrealized loss” of $85.5 million on digital assets, and a further $24 million loss on investments, totaling $109.6 million overall in its first-ever quarterly earnings report.
The firm also spent $11 million in operating expenses and saw a $13.5 million loss from its income, resulting in roughly $134 million lost in the first quarter, according to the report.
The company only reported the results between January 1 and March 31, and has yet to reveal what its second quarter looked like.
Despite the delay, Novogratz said in a statement that he was “proud” of the progress Galaxy Digital made so far in 2018.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Digital Rupees (DRS) íà Currencies.ru

$ 6.38E-5 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $6.38E-5 - H: $6.38E-5
Êàïèòàëèçàöèÿ $32.611k Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.00016459 (-61.24%)

digital million galaxy 134 bank crypto saw

Èñòî÷íèê: bitcoints.com

digital million → Ðåçóëüòàòîâ: 126


Ôîòî:

Novgorod goes to the $ 52.5 million fundraising circuit for Galaxy Digital Crypto-Lending Form

Crypto-focused merchant bank Galaxy Digital has recently led a $52.5 million fundraising round for crypto-lending firm BlockFi, according a blog post by the company July 24. Galaxy Digital CEO and founder Mike Novogratz confirmed in a tweet that he is, “excited to get into the crypto lending business.” With the new round of investment, the

2018-7-25 09:26


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


Cryptocurrencies are the ‘future of money’: The United States Congress

On 14th July, The United States House of Representatives has gone so far as to say that digital currencies are the ‘future of money’. This latest development comes in the wake of countries such as South Korea, Malta, and Switzerland adopting and implementing clear regulation for the $250 million cryptocurrency market. The United States will begin […]

2018-7-15 12:15


Creator OF Javascript Records Over 3 Million Users On His Crypto Sponsored browser Brave

Brendan Eich is not a new name the the world of digital technology. The brain box behind JavaScript and co-founder of Mozilla has once again recorded an impressive customer feedback as Brave, the latest cryptocurrency sponsored browser created by the tech genius has reached a huge milestone as it garners over three million active users […] The post Creator OF Javascript Records Over 3 Million Users On His Crypto Sponsored browser Brave appeared first on ZyCrypto.

2018-7-14 01:09


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru