Following the issues surrounding FTX, the publicly-listed firm Galaxy Digital published its third-quarter earnings report and noted it has an “exposure of approximately $76.8 million of cash and digit...
Tag: Digital
Cross-Ecosystem Platform Evmos Partners With Anchorage Digital to Offer Custody and Staking
“We’ve seen a great deal of interest in Cosmos’ ecosystem assets and interoperability networks like Evmos, especially where staking early counts” said Diogo Monica, president and co-founder of Anchora...
Evmos Partners with Anchorage Digital for Institutional Custody, Staking
SAN FRANCISCO–(BUSINESS WIRE)–Evmos, the port-of-entry from Ethereum to Cosmos, today launches its partnership with Anchorage Digital to offer institutions secure custody and staking of EVMOS, the nat...
Galaxy Digital Reveals $77M Exposure to FTX in Q3 Financial Results
Galaxy Digital, the technology-driven financial services and investment management firm helmed by billionaire investor Mike Novogratz, revealed on Wednesday that it has $76.8 million exposure to troub...
Crypto Hedge Fund Galaxy Digital Reveals $76,800,000 Exposure to FTX Collapse
Crypto asset manager Galaxy Digital has revealed that it has tens of millions of dollars worth of exposure to embattled crypto exchange FTX. In a new quarterly financial update, Galaxy Digital says it...
Digital Assets Outfit Archax Raises $28M in Series A Funding Round
London-based digital assets exchange, Archax has announced the conclusion of its Series A funding round in which it pulled the sum of $28 million from investors. As announced by the firm, the funding ...
Fred Thiel Claims Marathon Digital Became Second Largest Private Company to Hold Bitcoin
MARA established a new record and mined 615 in October 2022. MARA(Marathon Digital Holdings) is a Bitcoin mining company that recently reported mining 615 Bitcoin in October 2022. MARA termed it the...
AllianceBlock launches solution enabling users to prove their digital ID without compromising privacy
AllianceBlock announced on November 9 the launch of its Trustless IDentity Verification (TIDV) solution on Mainnet. The initial integration will take place through the Fundrs platform with the aim of ...
Crypto Financial Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX
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Galaxy Digital CEO Michael Novogratz ‘Angry’ About FTX
Galaxy Digital is tied up in the pandemonium that hit crypto markets in recent days, which have seen FTX beset by a liquidity crisis and Binance CEO Changpeng Zhao revealing his company’s intention to...
Galaxy Digital reveals $77 million exposure to FTX in Q3 earnings
Galaxy Digital has a $76.8 million exposure to FTX, of which $47.5 million is currently “in the withdrawal process,” the company said in its third quarter earnings report. In additio...
Digital Banking and What It Means for Cryptocurrency
The main idea with digital banking was to provide customers with a way to access and manage their bank accounts and finances through the internet. And it is indeed great to not have to go to the neare...
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders – Taxes Bitcoin News
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discu...
Marathon Digital becomes 2nd largest Bitcoin holder among public companies, has not sold any BTC
Marathon Digital CEO Fred Thiel said on a Nov. 8 earnings call that the company is going through a “transition period” as it looks to grow from 7EH/s to 23EH/s by mid-2023. Marathon increases hashrate...
Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022
The first risk, said Jefferies, is Marathon’s expectation of 3.2 EH/s to be plugged into a Compute North facility in Texas. In addition to regulatory delays, there’s the issue of Compute N...
Miner Marathon Digital Q3 results miss estimates across the board
Bitcoin miner Marathon Digital posted a net loss of $75 million in the third quarter, more than three times the average analyst estimate for a loss of $18.7 million. Shares were down just under ...
INTO Web3: Revolutionizing digital identity
Web3 is facing an ‘identity crisis’. Due to the prevalence of bots and sybillers, a core component that ties decentralized communities together is being lost: trust. Through the use of blockchain tech...
Abrdn leads digital assets exchange Archax’s $28.5 million raise
Archax, the UK’s only digital asset exchange to be licensed by the Financial Conduct Authority, has raised $28.5 million in a Series A fundraising round. Investment firm Abrdn is the lead ...
Netherlands Queen Declares Support for Digital Euro
The Queen declared her support for the digital euro while speaking virtually at a conference organized by the European Commission. Another prominent personality, the Queen of the Netherlands, has decl...
The New Digital Revolution | How Cryptocurrency is Reshaping The Internet
The cryptocurrency market continues to evolve and is slowly starting to bear fruit. In this article, we are going to explain to you how blockchain technology is currently changing the internet into so...
European Commission to soon propose legislation on a digital Euro
The European Commission is soon going to bring out legislation on the digital Euro, said European Central Bank (ECB) President Christine Lagarde. Lagarde was addressing the “Towards a legislative fram...
Bringing Instant Messaging and Digital Assets Services Under One Roof
Advertisement     PARIS, FRANCE / NOVEMBER 7th 2022 / Safety is every crypto enthusiast’s top-most priority. After all, you wouldn’t want your cryptocurrency wallet t...
Digital Ocean Earnings Raise More Big Questions About the Cloud
DigitalOcean posted better-than-expected third quarter results, but the provider of cloud-based computing service to small- and medium-size businesses offered guidance for the fourth quarter that fell...
Queen Máxima of the Netherlands comes out in support of digital euro
Máxima Zorreguieta Cerruti, Queen of the Netherlands, said she was encouraged by the work the European Central Bank had accomplished in its efforts to launch a digital euro. Speaking virtually at a E...
Relief For The Digital Data-Starved $3.9 Trillion Municipal Bond Market
Like a bug trapped in amber, crucial financial information on thousands of bonds in multi-billion-dollar municipal bond mutual fund portfolios held by millions of shareholders is in a similar fossiliz...
Digital Euro May Have Transaction Limits for Retail Users
With the European Central Bank (ECB) now developing the prototype for its Central Bank Digital Currency (CBDC) otherwise known as the Digital Euro, more details are now surfacing based on its potentia...
How Digital Assets Get Into Investable Indices
Since the inception of bitcoin in 2008, the digital asset industry has been growing at a rapid pace, accelerating the emergence of the new digital finance economy. This booming new asset class has res...
Digital Signature and Digital Certificate – A Simple Guide
Before the world started digitizing, it relied heavily on signed papers to approve, authenticate, and hold liable different parties in transactions and different types of agreements. The digital signa...
Start Path Program By Mastercard To Make Digital Assets More Accessible To The Users
The new program launched by Mastercard created records on the social media platform. Mastercard introduced the “Start Path” program, especially for organizations that support the digital needs of smal...