Mike Novogratz

Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz

Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says. In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and Ripple, the company which owns …

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Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices

<header class=”article__header”> </header> <strong>A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recent spike in crypto prices …

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Market Outlook: Crypto Prices Consolidate as Economic Uncertainty Looms

<header class=”article__header”> </header> <strong>Digital currency markets have been meandering sideways for a few days as most of the top crypto prices have been consolidating. Some traders believe there will be a big bullish rise after the current slump, while others think crypto prices may sink even lower. Amidst the crypto market </strong><b>uncertainty, economists worldwide are …

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

<header class=”article__header”> </header> <strong>Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance …

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Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018

Galaxy Digital Holdings, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, lost $97 million in the fourth quarter, according to financials disclosed Monday. The net loss widened from $76.7 million in the third quarter and from about $100,000 a year earlier, according to the filing with Canadian securities regulators. (Last February, …

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Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning

<strong>Digital asset holders and organizations have been donating funds to a number of well-known universities. These days a slew of popular colleges like Stanford, MIT, Cornell, Puget Sound, and Princeton all accept digital currency donations or have high-net-worth crypto backers funding these schools. On the flip side of higher education, many of the world’s prestigious …

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Galaxy Digital Backs $15 Million Raise for Crypto Analytics Firm CipherTrace

Blockchain and cryptocurrency security firm CipherTrace has raised $15 million in funding from investors including Mike Novogratz’s Galaxy Digital, the firm announced Tuesday. The round was led by Aspect Ventures, with Neotribe Ventures and WestWave Capital also participating. CipherTrace provides analytics and forensics products for cryptocurrencies and blockchains that it says are already in use by government, regulators, …

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