Function, formerly operating under the name Ignition, has secured $10 million in a seed funding round led by Galaxy Digital, with additional backing from Antalpha and Mantle. The raise supports the company’s mission to redefine Bitcoin’s role in institutional finance by launching FBTC—a fully reserved, 1:1 Bitcoin-backed asset. With over ...
Galaxy Digital Holdings has partnered with BitGo Trust Company to enhance staking opportunities for investors while enabling staked assets to be used as collateral for financial products. The partnership combines Galaxy’s blockchain infrastructure, lending, and trading expertise with BitGo’s regulated custody solutions, offering institutional and retail investors a streamlined way ...
Galaxy Digital Holdings Ltd. has received regulatory approval from the UK’s Financial Conduct Authority (FCA), granting its UK subsidiary, Galaxy Digital UK Ltd., a license to conduct derivatives trading from its London office. The approval marks a significant milestone in Galaxy’s global expansion, reinforcing its commitment to operating within strict ...
Galaxy Digital, the cryptocurrency investment firm led by Michael Novogratz, has reached a $200 million settlement with the New York Attorney General's office. This settlement follows allegations that the firm promoted the algorithmic cryptocurrency LUNA Terra while secretly profiting from the sale of millions of tokens. In line with typical ...
Steve Kurz, Global Head of Asset Management at Galaxy Digital, has painted an optimistic picture for Bitcoin and the broader cryptocurrency market, declaring that the U.S. government’s crackdown on crypto is “officially over.” On CNBC’s Fast Money, Kurz discussed the growing institutional interest in crypto and its evolving regulatory environment ...
Michael Novogratz's digital bank Galaxy Digital is on track to become the leading validator in the Solana network, overtaking Coinbase as the largest validator. This development, first highlighted by Helius CEO Mert Mumtazin in a recent social media post, represents a significant shift in the blockchain validation landscape. According to ...
Michael Novogratz, CEO of Galaxy Digital, has once again expressed strong support for memecoins, describing them as a fundamental part of the cryptocurrency world. In a post on X, he emphasized their significance, calling them the "most powerful narratives out there." Novogratz shared a video on June 13 from Business ...
