Bloomberg Report: Yuan-Bitcoin Correlation Hits Record Divergence

The US-China trade war is beginning to have ramifications on the forex and cryptocurrency markets.According to a recent report by Bloomberg, the i...
Mike Novogratz

Ouch: Galaxy Digital Lost $272.7 Million Last Year

Cryptocurrency-focused merchant bank Galaxy Digital LP (TSXV:GLXY) reportedly lost a whopping $272.7 million in 2018, with the largest contributor bei...

Former UBS CEO John Costas Joins Team Secret

Team Secret, an esports organization that fields teams in Apex Legends, Dota 2, Rainbow Six: Siege, Fortnite and Rocket League, announced Wednesday th...

$4 Billion SoFi to Launch Crypto Trading in Q2

SoFi, an online personal finance company that specializes in student and personal loan refinancing, is reportedly planning to launch crypto trading by...

JPMorgan’s Ethereum-Based Stablecoin ‘JPM Coin’ Fails to Inspire the Market

The cryptocurrency market may have reached peak bear status after it failed to budge an inch on news that J.P. Morgan Chase (JPM) has created its own ...
Mike Novogratz

Galaxy Digital Is Reportedly Raising a $250 Million Fund for Crypto Startup Loans

Despite its own difficulties in recent months, cryptocurrency-focused merchant bank Galaxy Digital LP (GLXY) is reportedly in the process of raising a...

Mike Novogratz Doubles-Down on Struggling Galaxy Digital

Former Goldman Sachs Partner Michael Novogratz has reportedly doubled down on his initial investment in the cryptocurrency-focused merchant bank Galax...

Nano Founder Blasts XRP, Calls the Altcoin Slow and Centralized

Colin LeMahieu, the creator of Nano (NANO), believes Ripple's XRP is too slow, centralized and risky for financial institutions to adopt."Many FX ...

BlockFi Raises $4 Million With Backing From Fidelity and Morgan Creek Digital

New York-based crypto loan startup BlockFi has closed a $4 million convertible debt fundraising round led by Akuna Capital, with notable participation...

Mike Novogratz’s Galaxy Digital (GLXY) Is Now Down 56% Since Its IPO

Michael Novogratz, the CEO of cryptocurrency-focused merchant bank Galaxy Digital LP (GLXY), opened up last week about how much it "sucks" building a ...