Novogratz Raised $250M For New Crypto Bank

One of the first investor of Galaxy Digital is founder and CEO of Foxconn
08 February 2018   809

Former fund trader for Wall Street, billionaire and crypto enthuisiast Mike Novogratz raised $250M for hiis new enterprise - a cryptocurrency investment venture dubbed Galaxy Digital. This is reported by Coindesk.

New company will enable to trade and manage cryptocurrency assets and offer consultancy services to blockchain startups.

According to Economic Daily News from Taiwan, founder and CEO of Foxconn is one of investors with $18m investment.

According to report, investors are likely to buy the Galaxy Digital's shares. This will allow Novogratz's firm to be listed on a Canadian stock exchange without disclosing its financials.

Mike Novogratz left Fortress Investment Group LLC in 2015 after the macro fund he managed lost money.

Month after Novogratz formally unveiled the plan of launching Galaxy Digital on Jan. 9. Yet the venture announced at the time it will not offer any services to U.S. residents.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.