Category: Michael Novogratz

Mike Novogratz’s Galaxy Digital to Launch Crypto Options Contracts Trading: Report

Mike Novogratz’s crypto investment bank Galaxy Digital is expanding its services to offer crypto options contracts trading, industry media outlet The Block reports on June 21. According to the report, Galaxy Digital’s new initiative is made in response to increasing demand from institutional investors in order to hedge the high […]

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat […]

Galaxy Digital Founder Michael Novogratz: BTC Will Consolidate in $7,000-$10,000 Range

Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has said that he expects bitcoin (BTC) to consolidate in the $7,000-$10,000 range, Bloomberg reports on May 30. Per the report, during a conference call discussing his company’s quarterly earnings, he noted that “on a go-forward basis, bitcoin probably […]

Galaxy Digital Purportedly Recruits Former Head of OTC at Coinbase

Tim Plakas has left the major United States crypto exchange Coinbase to join the cryptocurrency bank founded by Michael Novogratz, Galaxy Digital, an anonymous source purportedly told The Block on May 28. Plakas’ departure follows four senior executive departures from Coinbase in approximately the last seven months. Plakas reportedly held […]

Galaxy Digital Founder Michael Novogratz: One of the Social Media Cryptos Will Succeed

Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has suggested that one of the crypto assets created by social media giants will succeed. Novogratz made his remarks during an interview with CNBC published on May 24. At the end of the interview, Novogratz noted: “I think Facebook’s […]

Facebook Chooses Crypto-Friendly Switzeland for Its New FinTech Arm Libra Networks

Photo: Pixabay Facebook journey in the blockchain and crypto world seems to take new rates. It has become known that it has quietly chosen Switzerland to set up its fintech company dubbed Libra Networks. The initiative has a clear relation to the social media giant’s Project Libra. According to the […]