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Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender

Digital asset lender DrawBridge Lending (DBL) announced that it received funding from cryptocurrency commercial bank Galaxy Digital.A fiat-crypto lending and investing serviceDrawBridge announced in a press release published on Aug. 8 that it received funding from Galaxy Digital, further strengthen DBL’s fiat-crypto lending and investing capabilities. Furthermore, the two firms

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Driven by Market Demand, UltrAlpha Introduces Professional Asset Management Services to Digital Asset Space

UltrAlpha, a professional digital asset management service platform, announced the public sale of its native platform token (UAT) starting from August 12, 2019. With Han Liu, former VP at a $200B+ hedge fund giant as CEO, and Christina Jin, Co-founder of Ankr Network as CMO, UltrAlpha is designed to leverage

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Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

The recent hot story from the crypto news sphere is that the banking giant Goldman Sachs may follow the footsteps of JPMorgan and will launch its own USD-backed stablecoin.The CEO of Goldman Sachs, David Solomon, reveled in an interview with French news outlet Les Echos recently that the company is

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UK Financial Watchdog Grants License to London-Based Crypto Asset Firm

London-based crypto asset management firm Prime Factor Capital has obtained a license from the Financial Conduct Authority (FCA) to operate as a full-scope Alternative Investment Fund Manager (AIFM). The development was announced in a press release on July 1Being FCA-authorized gives Prime Factor Capital the right to operate as

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A Major Chinese State-Run Media Organisation Labelled Bitcoin a “Safe Haven Asset”

The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that

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Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29.Per the release, the aforementioned Japanese trade association signed

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