M. Novogratz Unveils Crypto Merchant Bank Plans

The plan of the founder is to work in four business areas: trade, venture capital investment, asset management and consulting
18 January 2018   120

American billionaire and cryptocurrency enthusiast Mike Novogratz announced a plan to create a commercial bank with its own crypto-investment fund. This is reported by Coindesk

Novogratz's investment fund Galaxy Digital Assets Fund concluded a memorandum of intent with First Coin Capital and Bradmer Pharmaceuticals Incorporated, a company established to develop and commercialize a new method for treating brain cancer.

The press release says about the intention to make Galaxy Digital a bank of digital assets. The plan is to work in four business areas: trade, venture investments (such as in ICO), asset management and consulting - the latter to cover the areas of market research, whitepaper in writing, design architecture, business and technical documentation, selection of suppliers and project management.

Novogratz is the chairman and CEO of the new enterprise, and the press release lists eight more people who will constitute the management team. Novogratz is the ex-general director of the investment group Fortress Investment Group, and his enthusiasm for crypto-currency is widely known. He told CNBC in December that he believes Bitcoin can "easily" reach $ 40,000 by the end of 2018.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   71

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.