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BitGo Files $100M Lawsuit Against Galaxy Digital Over Allegedly Breaching Merger Agreement

Cryptocurrency custody firm BitGo sues crypto financial services firm Galaxy Digital, alleging that the latter intentionally breached its $1.2 billion merger announced in May last year. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the lawsuit.

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Finance

Фірма Крипто послуг Galaxy Digital найняла Ендрю Лейса для свого лондонського відділу торгівлі

Фірма агресивно наймає працівників, незважаючи на занепокоєння Крипто зимою.

Mike Novogratz, Founder and CEO, Galaxy Digital (Suzanne Cordiero/Shutterstock/CoinDesk)

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Bullish Narrative on Ethereum Merge ‘Overheated’: Strategist

Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.

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Only 1 in Top 25 NFT Projects Attempt to Give True Ownership, Report Claims

A new Galaxy Digital report explores the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn breaks down the key takeaways, saying “only one project in the top 25 by implied market cap actually attempts to give true ownership for the underlying artwork to its token holders.”

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Most NFT Projects 'Convey No Actual Ownership': Galaxy Digital Research

A new report from Galaxy Digital highlights the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn discusses the key findings, saying "the vast majority of NFT art projects ... convey no actual ownership for the underlying content."

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Finance

Новий Galaxy Крипто Fund має намір залучити 100 мільйонів доларів до кінця року

Liquid Alpha Fund Крипто -банку був запущений у минулому кварталі з внутрішнім капіталом.

Galaxy Digital Portfolio Manager Chris Rhine (Galaxy Digital)

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Crypto Custody Firm BitGo to Sue Galaxy Digital, Owes a $100M Breakup Fee

Cryptocurrency custody company BitGo plans to sue Galaxy Digital for backing out of a planned $1.2 billion merger agreement. "The Hash" panel discusses the latest crypto legal battle as BitGo says it will seek $100 million in damages from Galaxy.

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Eco CEO on Bitcoin’s Next Move After Briefly Topping $25K

Eco CEO Andy Bromberg discusses his outlook for bitcoin after the cryptocurrency briefly climbed above $25K for the first time since June. Plus, reactions to crypto-focused financial services firm Galaxy Digital abandoning its plan to buy crypto custody specialist BitGo.

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BitGo to Sue Galaxy Digital For Abandoning $1.2B Merger Deal; Crypto Funds End Six-Week Inflows Streak

Crypto custody company BitGo plans to sue Galaxy Digital for backing out of the firm's $1.2 billion merger agreement. CoinShares reporting crypto funds had $17 million in outflows in the seven days up to Aug. 12, ending six consecutive weeks of inflows. Plus, European digital bank Revolut has been granted authorization to offer crypto services across the European Economic Area (EEA).

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