Category: Capital Markets

The Interchange: Bitcoin as an investor relations tool

The Interchange: Bitcoin as an investor relations tool

Quick Take Microstrategy gives a historic earnings update this week as the first US-listed public company to hold bitcoin; could we see a subset of lower-quality public companies look to bitcoin to drive new investor interest? This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on […]

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$46 billion hedge fund Millennium Management was on the verge of diving into crypto

$46 billion hedge fund Millennium Management was on the verge of diving into crypto

Quick Take Millennium Management, the $46 billion hedge fund, was looking to make a move into crypto Up until at least September, the firm was actively interviewing potential candidates for team to invest in digital assets  A source says that those plans hit a roadblock and that the company will likely not deploy crypto strategies […]

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The popular arbitrage opportunity involving Grayscale’s Ethereum Trust is drying up

The popular arbitrage opportunity involving Grayscale’s Ethereum Trust is drying up

A long-popular arbitrage opportunity in the crypto market has evaporated since the beginning of the summer, according to data compiled by The Block Research.  The weekly premium at which Grayscale’s Ethereum Trust (ETHE) trades relative to the net-asset-value (NAV) of the product has shrunk from nearly 850% in mid-June to 36% at the beginning of […]

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Galaxy Digital is building a one-stop financial services shop for cryptocurrency miners

Galaxy Digital is building a one-stop financial services shop for cryptocurrency miners

Mike Novogratz’s Galaxy Digital is diving into one of the most critical corners of the digital asset market: mining.  In an exclusive interview with The Block, the New York-based firm outlined its ambitions to build a one-stop financial services shop for bitcoin miners, which play a fundamental role in maintaining the security of the cryptocurrency’s […]

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A Goldman Sachs partner will join Galaxy Digital to help bridge the gap between Wall Street and crypto

A Goldman Sachs partner will join Galaxy Digital to help bridge the gap between Wall Street and crypto

Mike Novogratz’s Galaxy Digital is bringing on a Goldman Sachs partner as its co-president and head of global markets. Damien Vanderwilt will be joining Galaxy Digital after more than 20 years with the bulge bracket bank. He most recently served as its global head of Fixed Income, Currencies and Commodities Execution Services. At the bank, […]

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Investment platform Bitpanda nets $52 million in series A round led by Peter Thiel’s VC firm

Investment platform Bitpanda nets $52 million in series A round led by Peter Thiel’s VC firm

A Vienna-based investment platform specializing in digital assets has closed what it claims is Europe’s largest Series A investment round for 2020. Bitpanda has raised $52m in a round led by Peter Thiel’s Valar Ventures. Venture capital firm Speedinvest also took part alongside other unnamed backers. A so-called “neo-broker” with more than 1.3 million customers, […]

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