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Galaxy Digital Scraps $1.2B Plan to Buy Crypto Custody Firm BitGo

Galaxy Digital, the cryptocurrency-focused financial services firm run by noted investor Michael Novogratz, is walking away from its plan to buy BitGo, saying the crypto custody specialist failed to provide financial statements by a deadline of July 31. "The Hash" panel discusses the latest story turning heads in the crypto community.

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Finanza

Galaxy Digital відмовляється від плану на суму 1,2 мільярда доларів США, щоб придбати компанію з опіки Крипто BitGo

Про угоду на суму 1,2 мільярда доларів було оголошено в травні 2021 року, і очікується, що вона буде закрита до кінця того ж року.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

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How Tornado Cash US Ban Could Impact Future of Crypto

Galaxy Digital has published a report on how the U.S. Treasury department’s sanction of crypto mixer Tornado Cash could impact the future of crypto.

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Novogratz's Galaxy Digital Reports Nearly $555M in Q2 Net Losses

Michael Novogratz's crypto-focused financial services firm Galaxy Digital reported a second-quarter net loss of $554.7 million, more than triple the loss from the same period last year. BTIG Managing Director and Head of Digital Assets Research Mark Palmer discusses the earnings report and its key takeaways.

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Novogratz’s Galaxy Digital Reports $554.7M Net Loss in Q2

Galaxy Digital reported a second-quarter net loss of $554.7 million, which was more than triple the loss from the same period last year. The firm said that the larger loss mainly stemmed from the market downturn and investments in Galaxy’s trading business. “The Hash” panel discusses the turbulent market and an outlook into Galaxy’s future.

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A New Era for Mining Finance

Galaxy Digital Head of Mining Amanda Fabiano, Hut 8 Mining CEO Jaime Leverton and Lucas Pipes, Managing Director at B. Riley Securities, join Consensus 2022 to discuss the outlook for crypto mining finance. Moderator: Aoyon Ashraf, Crypto mining reporter, CoinDesk

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