Category: Galaxy Digital

Why Galaxy Digital bought BitGo

Quick Take Mike Novogratz, CEO of Galaxy Digital, sees custody as crucial to the “full stack” of crypto financial services. Acquiring BitGo also gives Galaxy the technical talent it needs to build its own blockchain applications, he says. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily […]

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Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshis”. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?” Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin […]

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Dogecoin Has ‘Remarkably Strong Fundamentals’ Despite Deficiencies, Says Mike Novogratz’s Galaxy Digital

Bitcoin bull Mike Novogratz’s company, Galaxy Digital, has analyzed dogecoin and concluded that “despite its deficiencies, dogecoin has remarkably strong fundamentals and powerful forces supporting its rise.” Novogratz admitted that he had been too bearish on the cryptocurrency. Dogecoin Should Not Be Ignored, Says Galaxy Digital Galaxy Digital Research published a report on Tuesday entitled […]

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Galaxy Digital to acquire crypto custodian BitGo for $1.2 billion

Mike Novogratz’s crypto merchant bank Galaxy Digital is set to acquire crypto custodian BitGo for $1.2 billion. Announcing the news on Wednesday, Galaxy Digital said the deal would be made up of a mix of stock and cash — $265 million in cash and the rest in 33.8 million newly issued shares of Galaxy Digital. […]

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Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week

Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021. Three Ethereum ETFs Set to Launch in Canada Next Week Back […]

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Galaxy Digital’s Mike Novogratz Compares Dogecoin Rally to GameStop Craze

On Friday, April 16, Dogecoin’s (DOGE) price surged all the way to $0.40 making it the sixth-largest cryptocurrency with a market cap of $50 billion. Wall Street veteran and Galaxy Digital founder Mike Novogratz compared the Dogecoin rally to the GameStop (NYSE: GME) frenzy earlier this year on Wall Street. In his interview with Bloomberg […]

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Ex Goldman Sachs Executive to Take Over as Galaxy Digital Chairman Prior to its Public Listing

Galaxy Digital, a crypto asset manager has announced Michael Daffey, the former Goldman Sachs executive as the chairman of the firm. The decision seems to be taken because of its public listing later this year. Daffey would take over the lead role from founder Mike Novogratz who would maintain his position as the CEO of […]

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‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto” virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares […]

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