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Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto custodian service and wallet operator BitGo.According to an announcement on Wednesday, Galaxy Digital Holdings will pay $1.2 billon in stock and cash to settle the deal. Under the acquisition’s
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The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency.The adoption of blockchain tech is expected to cut down on the time, effort and expenditure spent by the UAE’s
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To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer,
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Blockchain infrastructure firm BisonTrails has launched support for the Cosmos ecosystem, allowing its clients to stake and run nodes for blockchain ecosystem Cosmos.BIson Trails offers services to simplify the process of participating in blockchains, such as staking and running full nodes. The firm’s customers include custodians, exchanges, and funds, with
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Coinbase will take a 25% commission on all the rewards received by their customers.According to a press release by Coinbase, the crypto exchange firm has announced that its waitlist for staking Ethereum 2.0 has now been launched. This means that users of the platform can now sign up to stake
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Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers. Source
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As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank? Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure
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The Blockchain-based Service Network (BSN), the blockchain infrastructure provider backed by the Chinese government, plans to offer blockchain analytics and financial auditing services for Ethereum developers in its network through a new partnership with Big Four auditor Ernst & Young (EY). The London-based accounting firm will provide BSN’s Ethereum users in
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Galaxy Digital is in a unique position to help connect operators and equipment providers with capital.Galaxy Digital has announced that it would be launching financial services for mining operations. According to the press release, this unit would be known as Galaxy Digital Mining and it would be focused on providing
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Galaxy has launched its proprietary mining and miner financial services operations. Source
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