Galaxy Digital | ForkLog

ForkLog 23 16.07.2024

Former Galaxy Interactive Head Loses $3.6 Million in Crypto Casino Venture

The former head of Galaxy Interactive, the venture arm of Mike Novogratz’s company, lost investor funds intended for the launch of the crypto casino Zero Edge. The sum amounts to $3.67 million out of a total $7 million, reports CoinDesk. Zero Edge founder Richard Kim suffered significant losses due to leveraged trading following a decline […]

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ForkLog 17 27.06.2024

State Street and Galaxy Digital to Launch Actively Managed Crypto ETF

Investment management divisions of State Street Corporation and Galaxy Digital Holdings have jointly filed for the launch of an actively managed exchange-traded fund (ETF). Galaxy and @StateStreetGA are collaborating to bring investors the next generation of digital asset-based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and […]

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ForkLog 8 25.06.2024

Mt.Gox’s Impact on Bitcoin May Be Overstated, Says Expert

The bearish pressure associated with the distribution of Mt.Gox assets may be less significant than market participants anticipate. This is the view of Sam Callahan from Swan Bitcoin, as reported by CoinDesk. “Creditors who wanted to cash out their coins over the past decade had the opportunity to do so by selling their bankruptcy claims. […]

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ForkLog 9 04.06.2024

Galaxy Digital Tokenizes 300-Year-Old Stradivarius Violin

Michael Novogratz’s Galaxy Digital announced the tokenization of a Stradivarius violin, crafted in 1708 for Russian Empress Catherine the Great. According to the firm, the musical instrument is owned by Animoca Brands co-founder Yat Siu and is valued at approximately $9 million. Galaxy will store both the tokenized version of the violin as an NFT […]

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ForkLog 13 16.02.2024

Galaxy Digital Assesses Hashrate Impact Post-Halving

Approximately 15-20% of Bitcoin’s total computational power will become unprofitable following the halving in April, according to estimates by Galaxy Digital. The research suggests that with the reward reduction, miners will shut down some installations, keeping only the most efficient equipment operational. Analysts estimate that over 70% of Bitcoin’s hashrate is generated by eight models […]

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ForkLog 8 19.12.2023

Galaxy Digital assets under management reach $5.3 billion

Galaxy Digital, led by Mike Novogratz, saw assets under management triple over the year, rising from $1.7 billion to $5.3 billion.

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ForkLog 8 14.12.2023

DWS, Galaxy Digital and Flow Traders to launch euro-denominated stablecoin

The Deutsche Bank-founded DWS Group, market maker Flow Traders and Mike Novogratz's Galaxy Digital will join forces to launch a euro-denominated stablecoin.

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ForkLog 15 22.11.2023

Ex-Revolut, Coinbase and Spotify executives to launch a crypto wallet

Former Revolut vice president of growth Hannes Graah, along with former Coinbase and Spotify employees, with the support of Galaxy Digital, will launch the Zeal crypto wallet in Q1 2024.

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ForkLog 8 25.10.2023

Galaxy Digital analysts forecast inflows into the spot Bitcoin ETF

Galaxy Digital: in the first year after launch inflows into the spot Bitcoin ETF will be $14 billion, in the second year $27 billion, and in the third year $39 billion.

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ForkLog 12 24.08.2023

FTX to hire Galaxy Digital to sell assets

The collapsed FTX told the court about plans for 'sale, staking and hedging' of its $3 billion of digital assets — and will hire Galaxy Digital, Mike Novogratz's firm.

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ForkLog 6 09.08.2023

Galaxy Digital reports $46 million loss in the second quarter

Galaxy Digital founder Mike Novogratz's net loss in the second quarter was $46 million, compared with a profit of $134.2 million in the prior period.

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ForkLog 8 07.07.2023

Mike Novogratz plans to relocate Galaxy Digital staff out of the United States

Galaxy Digital Holdings plans to move staff overseas amid regulatory uncertainty in the United States.

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