Galaxy Digital acquires Celsius GK8 in bankruptcy sale
GK8, the self-custody platform, which Celsius paid $115 million in 2021, is about to change hands, subject to regulatory permission. GK8, an institutional digital asset self-custody platform owned by Celsius Network, has been awarded to Mike Novogratz-led investment firm Galaxy Digital Holdings, subject to court clearances and other closing requirements. The platform’s almost 40-person team, […]
Galaxy Digital faces $100M lawsuit from BitGo over breach of contract
BitGo, a digital asset custodian is suing Galaxy Digital for more than $100 million as part of a “reverse break fee” for terminating an acquisition agreement. In a blog post on Monday, BitGo referred to Galaxy’s conduct as “improper,” accusing it of breach of contract for canceling a deal to buy the custodian of digital […]
Novogratz’s crypto firm Galaxy Digital postpones US stock listing to 2022
Mike Novogratz’s bitcoin investment management firm, Galaxy Digital Holdings, will not go public in the United States as anticipated in late 2021. Galaxy Digital has postponed its planned IPO in the United States and now expects to go public in the first quarter of 2022, according to the company’s founder and CEO, Michael Novogratz. “We […]
Galaxy digital’s CEO believes ‘Gary Gensler wants to be the Sheriff of Cryptoville’
“He also has made it clear that he wants to control cryptocurrency. As clear as it gets. He aspires to be Cryptoville’s sheriff,” says Mike Novogratz CEO of Galaxy digital. Gary Gensler, the newly appointed chairman of the Securities & Exchange Board, did not attend the Messari Mainnet conference in New York this week, but […]
Galaxy Digital and Alerian partners to launch eight crypto indexes
Galaxy Digital Holdings and Alerian have announced the launch of eight crypto-focused blockchain indexes. The indexes are rebalanced and equally weighted on a monthly basis. According to a press release dated Aug. 24, the two have developed two crypto index families, dubbed “Alerian Galaxy Global Blockchain Indexes” and “Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes ,” […]