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Former Goldman Sachs’ partner Mike Novogratz has invested nearly $5 million more in his crypto-focused merchant bank, Galaxy Digital Holdings, Ltd., increasing his shares in the venture to almost 80%.

Billionaire Mike Novogratz’s crypto investment bank, Galaxy Digital Capital Management, has announced it is repositioning its advisory business from focusing on small ICO advisory and blockchain consulting to instead serve larger, more institutional clients in the space.

Goldman Sachs Group Inc. and billionaire Mike Novogratz’s Galaxy Digital Ventures have announced they are investing $15 million in cryptocurrency custodian BitGo Holdings Inc.

In a move that can be considered a major milestone for Bitcoin industry, billionaire Mike Novogratz’ crypto-focused merchant bank, Galaxy Digital LP, is set to begin trading on Toronto’s TSX Venture Exchange on August 1, reports Bloomberg.

Bitcoin has long carried the informal title of digital gold. This title implies that Bitcoin was believed to share certain qualities with gold, namely being a protective asset during periods of market turmoil.

On Friday (UTC time zone), March 13, Bitcoin’s price at some point fell to $3,800, having lost more than 50% of its value overnight. Ethereum’s price dropped below $100 for the first time since December 2018.

Many crypto-enthusiasts anticipate the advent of large investors to make Bitcoin price grow rapidly and pull the whole market along with it. Galaxy Digital’s Mike Novogratz believes that Bitcoin will soon pass the $20,000 mark, chiefly driven by the regulated exchanges aimed at professional market participants.

On February 12th, Treasury Secretary Steven Mnuchin said that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is going to release new cryptocurrency regulations with “significant new requirements” regarding crypto.

After being down below $7,000, the Bitcoin price is growing again. Importantly, such price moves are not something that comes out of nowhere. But is it because of the whales, the politics, or something else entirely?

Crypto media outlets and social media teem with price forecasts for Bitcoin and other cryptocurrencies. Bitcoin maximalists are usually confident that the market has stellar prospects while supporters of government regulation, stock markets, banks and other “traditional values” often make downward forecasts or even predict the collapse of the entire industry.

Last year, Silicon Valley billionaire venture capital investor and Bitcoin bull, Tim Draper made the headlines thanks to his bold prediction that by 2020 the flagship cryptocurrency will soar to $250,000. Today, despite the continuing bear market, Draper is doubling down on that forecast, even though he admits he is not sure how exactly Bitcoin […]

Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina have all made investments into a number of cryptocurrency funds. This is what The Information reported on October, 10, citing a person familiar with the developments.

Institutional-grade crypto trading platform Caspian has announced today it raised US$16million in a pre-sale of its CSP token. Accompanying this is the announcement that the platform is now live and no longer in beta testing.

While the crypto market keeps on moving down, it becomes even harder to convince unfortunate retail investors that there is a real value in Bitcoin and its underlying technology.