Galaxy Digital Joins Ripple for Europe Expansion
Galaxy Digital is expanding further into Europe due to a crypto crackdown by U.S. financial regulators and stringent regulatory conditions. In response to Markets in Crypto-Assets (MiCA) bitcoin legislation, Galaxy Digital has engaged Leon Marshall to oversee its European operations. Marshall spent more than four years as Genesis’ managing director and global head of sales […]
Argo Blockchain Reduces 2022 Debt By Half After Q2 2023
Cryptocurrency mining firm Argo Blockchain reports a total debt of $75 million as of June 30, 2023, a $68 million reduction from $143 million in June 2022. Argo Blockchain mining company is one of several firms to struggle amid adverse market conditions and a highly competitive mining ecosystem, it reported net losses of $18.8 million […]
FTX Requests Galaxy Digital Manage its Recovered Crypto Holdings
Cryptocurrency exchange FTX has petitioned a US District Court to allow Galaxy Digital, a digital asset management company, to manage the remaining cryptocurrency holdings of the bankrupt exchange. The company filed a petition with the United States District Court for the District of Delaware on August 24, requesting permission and approval of guidelines for the […]
BitGo Raises $100M in Series C, Valued at $1.75B
BitGo has secured $100 million in a Series C funding round, reaching a valuation of $1.75 billion. The new capital will be used to expand its global presence and acquire strategic partners. BitGo announced its Series C financing round on Aug. 16, 2023, in a press release shared with Cointelegraph. New investors led the round […]
Argo Blockchain sells Helios mining facility to Galaxy Digital
Cryptocurrency mining company Argo Blockchain has sold its Helios mining facility to Galaxy Digital in a $65M deal, this has helped Argo to reduce its total debt by $41M. On December 28, Argo Blockchain CEO Peter Wall formally announced an agreement to sell the Helios facility for $65 million to Mike Novogratz’s cryptocurrency investment company […]