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Billionaire Mike Novogratz's Crypto Firm Announces $1 Billion Loss – Here's What Happened
29.3.2023
Mike Novogratz’s crypto investment firm Galaxy Digital lost a whopping $1 billion on its investment last year due to “depressed market conditions.”
The $1 billion loss was primarily a result of unrealized losses on certain investments in Galaxy Digital’s primary investments portfolio, the company...
Galaxy Digital swings to profit after $1B net loss in 2022
28.3.2023
The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023
Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’
19.3.2023
Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.” Novogratz on Global Credit Crunch and Recession...
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
17.2.2023
Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing out] building up, it wouldn’t surprise...
Bitcoin price hits $25K in new 2023 high
16.2.2023
Despite macroeconomic headwinds and regulatory crackdowns on crypto, Bitcoin is made a new high for 2023
Billionaire Mike Novogratz's Surprising Reason for Endorsing Binance, Urges Success for CEO CZ – Here’s What You Need to Know
30.1.2023
The industry and its participants need the major crypto exchange Binance and its loyal retail following, said Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings,
Speaking to Real Vision Crypto, Novogratz commented on the announcement of charges...
Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class?
18.1.2023
As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market - questions are being raised whether that could be a good thing for crypto after all....
Read More: Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital...
Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
14.1.2023
Anthony Scarammuci also noted that there was "clearly fraud" in the SBF and FTX debacle, while Mike Novogratz said there’s a side of him that would like to “punch” SBF in the face
Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios
11.1.2023
Argo Blockchain mined less Bitcoin than expected in December due to the firm curtailing mining operations at Helios amid extreme weather conditions
Crypto Boss Mike Novogratz Says Its Time to Cut Costs and Survive This ‘Transition period’
11.1.2023
Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, argued that the events of 2022 have 'cleansed' the industry and that it is now time to survive the "transition period".
Talking to CNBC on Tuesday, Novogratz said that 2022 was a "grand washout"...
It'll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
11.1.2023
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, said Novogratz
Mike Novogratz calls Helios a 'transformative acquisition' for Galaxy
30.12.2022
The Galaxy CEO seems unfazed by the carnage in the BTC mining sector this year, and outlined that the firm is looking to significantly ramp up its mining initiatives
Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX
17.12.2022
Mike Novogratz, CEO of crypto investments company Galaxy Digital, has said not all crypto exchanges are run like the now-collapsed FTX.
In an interview with CNBC’s Squawk Box on December 15, Novogratz said not every crypto boss is trying to steal users' money and that not all crypto platforms...
SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’
2.12.2022
Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview. Novogratz said that SBF was “delusional” and insisted that the former FTX CEO needs to be prosecuted...
Mike Novogratz: Bankman-Fried is 'delusional' and headed to jail
2.12.2022
The Galaxy Digital CEO alleges Sam Bankman-Fried and his cohorts perpetuated fraud and suggested they should be in jail
Billion-Dollar NFT Platform Backed By Gary Vee Cuts a Third of Workforce Amid Market Downturn – Here’s What You Need to Know
29.11.2022
And the layoffs continue amid the ongoing bear market, with the non-fungible token (NFT) platform Candy Digital becoming one of the latest companies to fire a significant number of its employees.
Candy Digital is an NFT platform founded by entrepreneur and investor Gary Vaynerchuk and Michael...
Billionaire Mike Novogratz Says These Cryptos Are Here to Stay Despite Current Bear Market – Here’s What You Need to Know
28.11.2022
Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, named two major cryptocurrencies among those that are here to stay despite the massive turbulence seen in the crypto market this year: bitcoin (BTC) and ethereum (ETH).
The CEO shared...
Galaxy Digital Reveals Update on Ties to FTX, Partnership Has ‘Exposure of Approximately $76.8 Million’
10.11.2022
Following the issues surrounding FTX, the publicly-listed firm Galaxy Digital published its third-quarter earnings report and noted it has an “exposure of approximately $76.8 million of cash and digital assets to FTX.” The news follows a great number of exchange executives announcing that they...
Billionaire Mike Novogratz Believes Bitcoin Price Will Surge if Fed Makes This Decision
5.10.2022
Mike Novogratz forecasts a bullish takeoff for Bitcoin (BTC) once the US Federal Reserve eases down on its aggressive rate hikes aimed at taming inflation.
The current cycle has especially been tough for the firstborn crypto, as it suffers from both an unfavourable outlook, and the effects...
Next Bitcoin bull run to be half story, half utility: Mike Novogratz at Token2049
28.9.2022
The next Bitcoin rally will require fast and scalable systems, which the community is yet to build, Galaxy Digital CEO Mike Novogratz