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Galaxy Digital
Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital
Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.

Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers
Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.

Galaxy Digital Researcher on Ethereum Blockchain and NFT Marketplace Outlook
Galaxy Digital Research Associate Salmaan Qadir joins "First Mover" to discuss its new report on the NFT market, including the finding that $1.8 billion worth of royalties have been paid to NFT creators. Plus, insights on the increasing competition in the NFT marketplace and his outlook on the layer 1 and layer 2 blockchains.

NFT Creators Have Made a Total of $1.8B in Royalties: Report
A report from Galaxy Digital shows that Ethereum-based NFT creators have made $1.8 billion worth of royalties to date from marketplaces like OpenSea. Galaxy Digital’s Research Associate Salmaan Qadir breaks down the new report.

Magic Eden Dominance has Wavered
Magic Eden's dominance as an NFT marketplace in the Solana ecosystem has wavered since the introduction of zero-royalty marketplaces. Galaxy Digital Research Associate Salmaan Qadir breaks down its dominance over time compared to other marketplaces like OpenSea, HadeSwap and more.

Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market
A new solar powered bitcoin miner, Aspen Creek Digital Corp. raised $8 million in a Series A funding, led by crypto financial services company Galaxy Digital and blockchain investment firm Polychain Capital. Aspen Creek Digital Corp. CEO Alexandra DaCosta shares insights into the raise and the state of bitcoin mining amid "supply crunches" and crypto winter.

Galaxy Digital CEO: Luna Crypto Investors Failed to Appreciate the Risks
Galaxy Digital CEO Mike Novogratz said many retail investors who lost money in the collapse of Terraform Labs’ luna cryptocurrency failed to appreciate the risks involved and held on to their tokens for too long. “The Hash” panel discusses his comments and the luna fiasco.

BitGo Files $100M Lawsuit Against Galaxy Digital Over Allegedly Breaching Merger Agreement
Cryptocurrency custody firm BitGo sues crypto financial services firm Galaxy Digital, alleging that the latter intentionally breached its $1.2 billion merger announced in May last year. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the lawsuit.

Bullish Narrative on Ethereum Merge ‘Overheated’: Strategist
Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.

Only 1 in Top 25 NFT Projects Attempt to Give True Ownership, Report Claims
A new Galaxy Digital report explores the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn breaks down the key takeaways, saying “only one project in the top 25 by implied market cap actually attempts to give true ownership for the underlying artwork to its token holders.”
