Only Bitcoin Gets to Be a ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz

Bitcoin proponent and former Wall Street hedge fund manager Mike Novogratz remains optimistic despite the prolonged 2018 bear market. The investor holds that Bitcoin will become “digital gold” – a store of value in the same sense gold is.  ‘Now I’m The Ugly Face of Crypto’ Having made a series of accurate calls in the […]

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Novogratz’s Cryptocurrency Bank Off to a Slippery Start, Drops 20% in One Day

The cryptocurrency merchant Galaxy Digital LP, which began trading on August 1, is off to a rocky start — falling 20 percent per share in just one day. This adds to the company’s estimated loss of about $134 million in the first quarter of 2018 amid a market-wide cryptocurrency crash. A Bumpy Road Cryptocurrency merchant […]

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Largest Wall Street Crypto Firm Lost $134 Million in Q1 2018

Galaxy Digital — a full-service digital assets merchant bank launched by ex-Goldman Sachs macro trader Michael Novogratz — took a financial beating in the first fiscal quarter of 2018.  Rekt… The New York-based cryptocurrency-focused merchant bank disclosed its financial report for the first time this week, and the results weren’t great. As reported by CNBC, […]

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