Mike Novogratz’s Crypto Merchant Bank Loses Big In First Quarter
Galaxy Digital Holdings (GDH) was designed to be the first crypto merchant bank. Unfortunately for Mike Novogratz's visionary project, falling crypto prices put a big hit of the value of GDH's assets in Q1 this year. Mark-to-market losses for GDH's...
Anti-Crypto Congressman Brad Sherman May Have Substantial Conflicts of Interest
Brad Sherman seems to be a fierce opponent of cryptocurrency. He recently made numerous public comments on cryptos, but they can all be summed up by this telling quote, “Cryptocurrency accomplishes nothing except facilitating terrorism, narcotics and tax evasions.” The...
EU Parliament (ECON) Report Backs Central Bank Digital Currencies
The European Parliament Committee on Economic and Monetary Affairs (ECON) released a study that was commissioned to investigate competition in fintech last week. One of the subjects that jumped out of the report was their stance on Central Bank Digital...
Hong Kong HKMA Works With Ping An to Create Blockchain Trade Finance Platform
The Hong Kong Monetary Authority (HKMA), which is more or less the central bank for Hong Kong, just made a very interesting move. They announced they would be working with a group of the world's largest banks, in conjunction with...
Governments Around the World Look to Blockchain for Efficiency & Growth
Blockchain has become popular with lawmakers all over the world. The technology that was born as the backbone of Bitcoin is finding a home in numerous areas that aren't connected to cryptocurrencies. Despite some detractors who have spoken out to...
