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Posts Tagged ‘Digital’

Galaxy Digital Leads $30 Million Funding for Social-Crypto Startup Good Money

Digital banking platform Good Money just raised $30 million in a Series A funding round to continue developing its app. Led by Michael Novogratz’s Galaxy Digital (via its Galaxy EOS VC Fund), participants in the funding round included Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, BlockChange Ventures, Cross Culture Capital, Troy Carter, Mitch Kapor,…

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Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today. The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud.…

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US SEC Fines Delaware-Based Digital Asset Fund and Issues Cease and Desist Order

The United States Securities and Exchange Commission (SEC) has issued a cease and desist order against CoinAlpha Advisors LLC in addition to ordering a $50,000 penalty, according to a filing published Dec. 7. Delaware-registered CoinAlpha Advisors LLC was reportedly established in July 2017 to act as the managing member of and manager to fund CoinAlpha…

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Morgan Creek Digital Is Betting $1 Million That Crypto Can Beat the S&P 500

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years. The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to prove…

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Digital Natural Selection – Bitcoinist.com

Just as the recent slide in crypto and tech stocks has put pressure on investors, it is also testing the business models of tech businesses across the board.  When the system is flush with cash it’s much easier for entrepreneurs and investors to test ideas, but when the money starts tightening up, market prices fall, and…

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Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether

Fidelity Investments is looking to expand its institutional crypto asset platform to include trading services for the top five to seven cryptocurrencies by market capitalization. Revealed today at the Block FS conference in New York, the news came in response to a question from CoinDesk posed to Tom Jessop, head of Fidelity Digital Assets, on what…

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Mike Novogratz’s Galaxy Digital Reports $76 Million Q3 Loss

Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported a net loss of $76.65 million for the third quarter of 2018. Revealed in the firm’s latest financial report, published Tuesday, that figure accounted for more than a third of its nine-month loss of $175.68 million. Both periods ended Sept. 30. Galaxy Digital recorded a…

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Galaxy Digital Lost $136 Million in the First Three Quarters of 2018

Mike Novogratz‘s crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018, Bloomberg reports Nov. 28. According to Bloomberg, Galaxy Digital’s realized and unrealized losses in Q3 amounted to $41 million, which when combined with the results of previous quarters, amounts to the firm being out $136 million so…

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