Digital

Galaxy Digital Reports $296M Net Income in 2023 After $1B Loss

Galaxy Digital Reports $296M Net Income in 2023 After $1B Loss

Mike Novogratz’s digital asset financial services firm Galaxy Digital posted a net income of $296 million for the full year 2023, according to its recently released financial statement. This was a significant turnaround after a $1 billion loss in 2022. The company said that Q4 of 2023 was particularly game-changing for the company. In its […]

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Marathon Digital Reports Revenue Increases of 452%

Marathon Digital Reports Revenue Increases of 452%

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put

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Chamber of Digital Commerce Backs Kraken in SEC Lawsuit

Chamber of Digital Commerce Backs Kraken in SEC Lawsuit

The Chamber of Digital Commerce (CDC) has filed an amicus curiae to defend Kraken in a lawsuit the U.S. Securities and Exchange Commission (SEC) initiated in 2023. Notably, the CDC supported the crypto exchange’s motion to dismiss the lawsuit in its latest filing. In a February 27 filing, the Chamber explained that the amicus brief

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Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case

Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case

Last updated: February 13, 2024 14:14 EST | 2 min read Photo Courtesy of MetaBirkinsBlockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Here’s why it matters: Hermés, designer of the

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FTX to Sell Off Digital Custody at a Very Steep Markdown

FTX to Sell Off Digital Custody at a Very Steep Markdown

After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the company will simply dissolve once all debts are paid off. Andrew Dietrich, one of the lawyers representing FTX in the court case, stated that although

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Digital Asset Investment Funds Record $1.1 Billion Inflows as AUM Taps $59 Billion

Digital Asset Investment Funds Record $1.1 Billion Inflows as AUM Taps $59 Billion

Last updated: February 12, 2024 16:54 EST | 2 min read Source: Dalle-3Digital asset investment products recorded $1.1 billion in inflows in the last seven days following a price uptick in the market. A new CoinShares Digital Asset Funds Flow Weekly Report shows a positive swing in cryptocurrency products for another week as crypto prices

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Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Last updated: February 4, 2024 23:49 EST | 2 min read Source: Adobe / LuisaDigital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries

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Digital Asset Investment Products See $21M Outflows Despite Record Bitcoin Trading Volumes

Digital Asset Investment Products See $21M Outflows Despite Record Bitcoin Trading Volumes

Digital asset investment products experienced modest withdrawals of $21 million last week. However, this overall figure doesn’t reflect the significantly elevated trading activity, with Bitcoin alone witnessing trading volumes of $11.8 billion. This amount is seven times higher than the typical weekly trading volume observed in 2023, according to the latest report by CoinShares. US

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Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume

Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume

Last updated: January 21, 2024 22:59 EST | 2 min read Source: Adobe / LuisaDigital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline

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Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Source: Digital Currency Group Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis.  The announcement came from DCG CEO Barry Silbert, who took to the social media platform X to share the news. I’m happy to share that

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