Category: Mike Novogratz

FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x […]

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Los Angeles Dodgers to Auction 2020 World Series Ring NFT via Candy Digital

Los Angeles Dodgers to Auction 2020 World Series Ring NFT via Candy Digital

After Major League Baseball (MLB) revealed a partnership with Candy Digital, the Los Angeles Dodgers announced it is auctioning a non-fungible token (NFT) World Series championship ring, a physical version, and a VIP first pitch experience. The NFT collection will start with an online auction on Monday, July 12, and net proceeds will go to […]

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As Bitcoin (BTC) Breaks Down Under $33,000, Here Are Key Levels to Watch Out

Thursday, July 8, saw another bloodbath on Satoshi Street with Bitcoin (BTC) and altcoins coming crashing down in the early hours. At press time, Bitcoin is trading 2.57% at $32,556 levels with a market cap of $608. The world’s largest cryptocurrency has been showing high volatility over the last few weeks but remains range-bound between […]

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Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy

Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy

Galaxy Digital CEO Michael Novogratz says he is not nervous about bitcoin’s price falling, even when it falls below $30K. “The ecosystem is so much more mature. The amount of players that are moving in are so much more mature. Every single bank is working on their own crypto project,” he said. Novogratz Still Bullish […]

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Dip or No Dip, Mike Novogratz Says He is “Still a Big Buyer of Bitcoin”

Mike Novogratz, the Chief Executive Officer of cryptocurrency assets management firm, Galaxy Digital, has reiterated his trust in the capabilities of Bitcoin (BTC) and cryptocurrencies as a viable asset class. Speaking in an interview on Bloomberg Live, Novogratz said that he views Bitcoin as a form of digital Gold. “I look at #Bitcoin in particular […]

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Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures

Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures

Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider. Galaxy Serves as Goldman’s Counterparty for Bitcoin Futures Trading Goldman Sachs is […]

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Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

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Clean Water Nonprofit Reveals Celebrity-Fueled Bitcoin Water Trust Initiative

Clean Water Nonprofit Reveals Celebrity-Fueled Bitcoin Water Trust Initiative

On Friday, the well known nonprofit charitywater.org announced the launch of a celebrity-funded Bitcoin Water Trust initiative. The trust will be allowed to hold bitcoin donations to fund water projects worldwide until 2025. Charity Water Launches Bitcoin Water Trust A number of announcements were revealed at the Bitcoin 2021 conference in Miami and one announcement […]

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Mike Novogratz’s Cryptology to invest $100 million in crypto venture funds

Mike Novogratz’s Cryptology to invest $100 million in crypto venture funds

Cryptology Asset Group, an investment firm co-founded by billionaires Mike Novogratz and Christian Angermayer, has committed to invest $100 million in crypto-related venture funds over the next two years. Announcing the news on Thursday, Malta-based Cryptology said it intends to invest in first-time funds and emerging managers that are focused on blockchain and crypto-related businesses. […]

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MLB Steps Into the NFT World by Entering a Long-Term Partnership With Candy Digital

MLB Steps Into the NFT World by Entering a Long-Term Partnership With Candy Digital

On June 1, Major League Baseball (MLB) reporter David Adler announced the MLB organization established a long-term deal with the digital collectible company Candy Digital. The oldest American professional baseball organization is stepping into the non-fungible token (NFT) collectibles world and will start by launching a Lou Gehrig NFT. MLB’s First NFT Will Feature ‘The […]

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