Mike Novogratz: 200X returns from cryptocurrency are “not normal”
The extraordinary profits observed in the cryptocurrency market, according to ex-LUNAtic Mike Novogratz, are just unsustainable. Making more than 200X returns on cryptocurrency investments is “not normal,” according to Mike Novogratz, the billionaire founder of crypto asset management company Galaxy Digital. Novogratz forewarned attendees of the Christie’s Art + Tech Summit in New York on […]
United States Bans Crypto Owners From Working On Government Cryptocurrency Policies
In a new legal notice, the US Office of Government Ethics says that any employee who owns cryptocurrency can’t work on Federal rules about crypto. Cryptocurrency owners working with the US government are now barred from working on rules and policies that could affect the value of cryptocurrency. According to a new advisory notice issued […]
Babel Finance Reaches Counterparty Debt Repayment Agreement
Babel Finance stressed that it will actively fulfill its legal responsibilities to customers and try to avoid further transmission and diffusion of liquidity risks. Babel Finance, a Hong Kong-based crypto lending service, has resolved some of its immediate liquidity issues by striking debt repayment agreements with several of its counterparties. As previously reported, on June […]
TAG Heuer And Shopify Adopt Crypto Payments
The latest move by TAG Heuer And Shopify is to enable the two companies to include Bitcoin and other cryptocurrencies in their payment method. TAG Heuer, a subsidiary of LVMH, and online marketplace Shopify now accept cryptocurrency payments, providing a significant boost to crypto adoption. The announcement comes just days after luxury brand Gucci began […]
Nubank partners with Paxos to allow clients to trade crypto
Nubank, Latin America’s largest digital bank, announced a partnership with Paxos that will allow its clients to purchase, sell, and store bitcoins directly through Nubank. Nubank said that it will dedicate around 1% of its net assets to Bitcoin (BTC) through the cashier of Nu Holdings, a business that manages the Nubank Group, in conjunction […]