Does This Market Indicator Confirm the Novogratz Predicted Rebound?

Bitcoin bull and highly cited cryptocurrency proponent Mike Novogratz called “bottom” this week on Twitter. On Friday, Bitcoin’s market performance and key market reversal indicated a possible turning point. What will Monday bring? Is the market still too bearish? Bitcoin Could Have Oversold According to a Friday report from Bloomberg, a key market sign — the Williams %R […]

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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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Mike Novogratz Cryptocurrency Merchant Bank Finally Goes Live This Week

Serial investor and Bitcoin bull Mike Novogratz is days away from launching his own merchant bank Galaxy Digital LP, which begins trading on the Toronto Stock Exchange August 1. ‘We Want To Be Globally Traded’ After an eight-month period of haggling with regulators, the cryptocurrency-focussed project will go live under the GLXY ticker, with plans […]

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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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