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“# Twitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum ” Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFTs). On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum…
“# China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says ” As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Novogratz explained on Bloomberg that…
“# 3 reasons why Ethereum may underperform Bitcoin in the short-term ” Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and…
“# Mike Novogratz-backed firm announces $100M crypto investment fund ” Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms. In a release issued on Thursday, the European holding company announced plans to float a $100 million investment in first-time…
“# Banking system consumes two times more energy than Bitcoin: research ” Amid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network. Michael Novogratz’s cryptocurrency firm Galaxy Digital released a report Friday titled “On Bitcoin’s Energy Consumption: A Quantitative Approach…
“# Does Mike Novogratz hold more than $5B in crypto? ” Galaxy Digital founder and CEO Mike Novogratz, a billionaire active in the digital asset space, says up to 85% of his net worth is in cryptocurrencies. In an interview with New York Magazine’s Intelligencer published today, Novogratz said that while he did have roughly…
“# Block.one secures funding for $10B EOS-based crypto exchange platform ” Blockchain software firm Block.one has announced plans to launch a cryptocurrency exchange subsidiary. According to a release published on Tuesday, the platform — dubbed “Bullish Global” — will run on the EOS blockchain. As part of the announcement, the EOSIO developer revealed that it…
“# Coinbase listing is crypto’s ‘Netscape moment,’ says Mike Novogratz ” Galaxy Digital founder and CEO Mike Novogratz compared the listing of Coinbase’s shares on Nasdaq today to the dawn of a new age in the adoption of crypto. In an interview with CNBC’s Squawk Box this morning, Novogratz called the long-awaited initial public offering,…
“# LUNA doubles in price after $25 million investment by Galaxy Digital ” LUNA, the native coin of the Terra blockchain, shot up another 37% to $2.46 on heavy trading volumes today, continuing a parabolic climb that started in mid-November. The coin is currently up 100% in price since news broke one week ago that…
“# Mike Novogratz attributes BTC’s rise past $30K to institutional adoption ” Galaxy Digital founder and CEO Mike Novogratz believes institutional investors are helping drive the current Bitcoin bull run. In an interview with BBC World News today, Novogratz said governments around world printing money and “debasing fiat money” was fueling the ongoing Bitcoin (BTC)…