Cyber Currency Bank Galaxy Digital Squandered $134 Million in First Three Months of 2018

2018-7-27 08:17

Mike Novogratz’s crypto-focused merchant bank Galaxy Digital released its first quarter report for 2018, posting a $134 million loss as cryptocurrency markets slumped, according to Bloomberg July 26.
Galaxy Digital lost $13.5 million in its trading business, with $85.5 million of unrealized loss on digital assets, $1.1 million in paper losses on investments, and $22.9 million in paper loss on investments in its principal investing business.
As of March 31, Galaxy digital had $281.7 million in assets, of which $225.8 million were digital assets and investments.
Novogratz, who founded Galaxy Digital last year, wants to build an institutional-level merchant bank for the blockchain and cryptocurrency industries.
In order to list the company on Canada’s TSX Venture Exchange, Canadian regulators require that the companies release financial statements.

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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

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2018-7-21 23:03


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

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2018-7-15 12:15


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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


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Bitcoin Backers Bank on Galaxy Digital in Canada

News Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. His interview otherwise ought to have been triumphant, representing one of the earliest cryptocurrency-oriented merchant banks to be listed formally on a major stock exchange. He was in Toronto for just

Novgorod Galaxy Digital to trade on the stock market since August 1

Following “frustrating” process of receiving the final approval from Canada’s regulators, Novogratz’ cryptocurrency merchant bank Galaxy Digital gets listed on Toronto’s TSX Venture Exchange. According to the latest report from Bloomberg, Mike Novogratz’s cryptocurrency merchant bank Galaxy Digital is all set to trade on the Toronto’s TSX Venture Exchange from the 1st of August, 2018.