Galaxy Digital

Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley's Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny.The 24-series show has garnered a global audience base for its weird and wacky sense of humour, epitomised by the long-standing gag that Kenny dies in each episode, only to be rebirthed and gleefully unaware of his brutal demise in the following show. Head of asset management firm

Mike Novogratz Has Big Bitcoin Plans Despite Recent String of Losses

Despite a string of heavy financial losses, Mike Novogratz – the head of Galaxy Digital Holdings Ltd – is remaining positive about bitcoin and the growing digital finance space. Mike Novogratz Is Looking to Start a Bitcoin ETF In a recent interview, Novogratz has revealed that his company has applied with the Securities and Exchange Commission (SEC) to begin a bitcoin-based exchange-traded fund (ETF), which has arguably been the object of many crypto companies’ affection over the past four years. While no company has ever come close to getting a

Peter Schiff Claims Bitcoin Is Back in a Bear Market

Gold bug Peter Schiff believes that bitcoin’s recent fall signals the start of a new bear market. In response to a tweet by Gemini Co-Founder Tyler Winklevoss, Schiff, who is the CEO of Euro Pacific Capital, credited bitcoin’s surge over the past two months to a spillover effect from gold and a fortuitous television ad campaign. In July, Schiff tweeted that he expected bitcoin to fall below its $9,000 resistance point and “crash” while gold would simultaneously surge. Now, as one Twitter follower noted, Schiff is moving the goalpost, saying

Binance brings out platform for farming new assets

The world's largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD, and other tokens.The first project in Launchpool is the Bella protocol, where users will be able to stake their BNB, BUSD, or ARPA tokens into three separate pools to farm BEL tokens over 30 days, starting from 2020/09/09 00:00 AM ( UTC).In addition, Binance will then list

‘DeFi Is the Tesla of Crypto’ – Mike Novogratz

The decentralized finance (DeFi) space has hit the cryptocurrency market like a bull in a china shop. And Galaxy Digital CEO Mike Novogratz is having flashbacks of the 2017 ICO bubble, but that’s not all. Novogratz, a former Wall Street hedge fund manager, in an interview with BNN Bloomberg, drew parallels between DeFi projects and high-flying electric-vehicle maker Tesla, which worries him. That’s because TSLA shares have shot up several hundred percent this year so far and are trading at more than 1,000 times earnings. The gains are coming hand

$27M of Sushi funds could disappear at the drop of a chef’s hat

Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped without warning.Data analyst and partner at Cinneamhain Ventures, Adam Cochran, took a deep dive into the administrative wallet structure of SushiSwap - a protocol that has gained a lot of traction, and a billion dollars of liquidity, in the past few days.The analysis of the Uniswap clone, emerged from a revelation by Twitter user Sasa (@cicnos1) that the ‘deployer wallet’