Tag Archives: Novogratz

Nasdaq, Citi Join Novogratz in Funding Blockchain Firm Symbiont

Nasdaq, Citi Join Novogratz in Funding Blockchain Firm Symbiont

Nasdaq Inc. and Citigroup Inc. are among firms that are investing $20 million in Symbiont.io Inc., a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s […]

Bitcoin Bull Mike Novogratz’s Trading Desk Loses $41M Last Quarter

Bitcoin Bull Mike Novogratz’s Trading Desk Loses $41M Last Quarter

Bloomberg has revealed that Mike Novogratz’s cryptocurrency trading desk lost $41M in the third quarter of 2018. After Bitcoin dropped below $5k for the first time this year, retail traders and institutions alike are feeling the pain from the enormous downward moves. Bloomberg reported the fair value of Galaxy’s digital assets currently stands at $91M. Considering the net cost of […]

Crypto Exchange Bitfinex Denies Allegedly ‘Fake’ Tether Volumes Listed on CoinMarketCap

Crypto Exchange Bitfinex Denies Allegedly ‘Fake’ Tether Volumes Listed on CoinMarketCap

Major crypto exchange Bitfinex has responded to a recent media report that accused the exchange of publishing trading volume data from “a market that doesn’t exist,” in a tweet posted Oct. 23. The controversy centers on an article from crypto media outlet CoinDesk, which had alleged that Bitfinex’s data on popular crypto statistics aggregator CoinMarketCap (CMC) was misleadingly inflated by reporting […]

Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrencyinvestor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins pegged to the U.S. dollar with known U.S. banking connections. “I think Tether didn’t do a great job in terms of creating […]

Goldman Sachs Investing in Crypto Custodian BitGo

Goldman Sachs Investing in Crypto Custodian BitGo

Goldman Sachs and Mike Novogratz’ venture capital fund Galaxy Digital Ventures are investing in crypto custody solution provider BitGo Holdings. Here is how BitGo, which calls itself “the market leader in institutional-grade cryptocurrency security”, announced the news on Twitter: [email protected] Proud to have @GoldmanSachs and #GalaxyDigital on our side: Goldman and billionaire Mike Novogratz are investing in […]

Mike Novogratz Explains Why the Beginning of 2019 Will Be Big for Bitcoin

Mike Novogratz Explains Why the Beginning of 2019 Will Be Big for Bitcoin

In a recent Bloomberg Television interview, famed bitcoin supporter Mike Novogratz explains why he thinks Q1 & Q2 of 2019 will be extremely positive for bitcoin. Novogratz, founder and CEO of Galaxy Digital, has previously declared the bottom of the cryptocurrency market, and continues to be bullish on bitcoin. Mike’s appearance on Bloomberg highlighted the latest news that Fidelity Investments, one […]

Will Yale’s Investment in Crypto Lead to More Institutional Investors?

Will Yale’s Investment in Crypto Lead to More Institutional Investors?

This week, CCN reported that Yale, the prestigious Connecticut-based academic institution, has invested in a $400 million crypto fund operated by veterans in the digital asset and finance space. Coinbase Inc. co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and billion dollar crypto hedge fund Pantera Capital ex-employee Charles Noyes reportedly launched a new cryptocurrency hedge […]

Former Hedge Fund Head Mike Novogratz Isn’t Bullish About Latest Bitcoin Price Prediction

Former Hedge Fund Head Mike Novogratz Isn’t Bullish About Latest Bitcoin Price Prediction

“I don’t think it breaks $9,000 this year,” ventured former hedge fund chief and founder of Galaxy Digital, Mike Novogratz, about bitcoin’s price during a talk he delivered at the Finance Disrupted event organized by The Economist in Manhattan.. The Wall Street heavyweight’s new position is an informed about-face from his previous “$40,000  by year end” prediction. […]