Digital Asset Venture Dragonfly Acquires Crypto Fund MetaStable Capital for Rebranding

Digital asset venture capital firm Dragonfly has acquired cryptocurrency investment fund MetaStable Capital, according to Bloomberg.

Galaxy Digital terminates BitGo acquisition, citing breach of contract

After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States. After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition.Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday.According to the statement, Galaxy exercised its right to terminate the deal in line with the acquisition agreement after BitGo failed to deliver audited financial statements for 2021 by July 31, 2022.

Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations

Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million.

Beyond the headlines: The real adoption of Bitcoin salaries

Bitcoin wages are becoming more common globally, particularly among “borderless” remote workers and in certain regions like Latin America.

Crypto contagion deters investors in near term, but fundamentals stay strong

Many experts believe that the recent slew of insolvencies may be good for the market in the long run, weeding out any weak players from the industry.

Study Findings: Crypto Investors More Attractive and Smarter, NFT Profiles Unattractive

Cryptocurrency investors are perceived to be more attractive, smarter, and wealthier than non-investors, the latest survey by Cryptovantage has found.

Mike Novogratz warns that 200X returns from crypto are ‘not normal’

Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable. Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.