DCG Fiasco Won’t Include Lots of Selling: Novogratz Comments on Crypto State
Crypto proponent and CEO of Galaxy Digital, Mike Novogratz, commented on the fiasco between two industry participants – Digital Currency Group (DCG) and Gemini – and how it will affect the entire market.
Galaxy Digital CEO Mike Novogratz Says “Outlook for Crypto Is Not Horrible, but It’s Not Great”
During an interview on Tuesday (10 January 2023), Galaxy Digital Founder and CEO Mike Novogratz shared his outlook for crypto in 2023.
It'll Be OK: DCG Crisis Likely Won’t ‘Include a Lot of Selling’ — Novogratz
Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not good news,” it won’t “include a lot of selling.” In a Jan. 10 interview on CNBC’s Squawk Box Novogratz said he expects the current debacle facing DCG and its related companies to “play out” over the next quarter. “There are still some overhangs — DCG and Genesis and Gemini — that will play out in the next quarter. That’s not going to be great,” said Novogratz, adding: “I don’t think it will include a lot of selling, it's just not good news.” (Cointelegraph)
Galaxy Digital's Head of Research Sees More Venture Funding for Web3 Firms This Year
Web3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research at crypto investment firm Galaxy Digital.
Galaxy: Ongoing Decline in Deal Count, Capital Invested, and Funds Raised Portends a Difficult Year Ahead
Venture capitalists invested more than $30bn into crypto and blockchain startups in 2022, nearly matching the $31bn invested in 2021.
Galaxy Digital Pops Day After Argo Mining Acquisition Announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain's Helios mining facility.
Helios is a ‘Transformative Acquisition’ for Galaxy Digital, Says Novogratz
Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios.
Bitcoin Miner Argo Will Avoid Bankruptcy With $100M Bailout from Novogratz’s Galaxy
Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection, after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital (GLXY) for $65 million.
Ex-Genesis, Galaxy Execs Said to Helm Hedge Fund Hunting Hill’s Crypto Play
Longtime TradFi hedge fund operator Hunting Hill Global Capital tapped Martin Garcia, who spent more than half a dozen years at Genesis, as chief investment officer for its emerging crypto-only affiliate, Hunting Hill Digital, sources said. Garcia, in charge of the unit’s hiring, is evidently looking to use that job market to his advantage.
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
Judge Martin Glenn has approved the sale of crypto self-custody platform GK8 to Galaxy Digital as part of the bankruptcy proceedings of<b> </b>crypto lender Celsius, according to a court order issued on Tuesday.
