Ethereum

Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%

Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said. The layoffs occurred across the board in early January, and all of the New York-based firm’s business divisions – asset management, trading, principal investments, and […]

ICO

Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit

Japan’s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit. SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo. Under the scheme, newer shareholders on the company’s […]

Ethereum

Former Coinbase COO Joins Blockchain-Based Lending Firm Figure

Asiff Hirji, the former president and chief operating officer of Coinbase, is the new president of Figure Technologies, the blockchain-based lending firm backed by Morgan Creek Digital. Figure announced Hirji’s addition Wednesday, saying the longtime financial executive will oversee the company’s growth. Figure CEO Mike Cagney said in a statement that the company would be […]

ICO

Law Firm Representing Quadriga’s Ex-Users Want Info About ‘Shadow Bank’ Crypto Capital

Miller Thomson, the court-appointed legal counsel for former users of the QuadrigaCX cryptocurrency exchange, is asking for help identifying any records related to Crypto Capital, which may be holding some of the exchange’s funds. In a letter emailed to the exchange’s former customers and posted to its website, Miller Thomson wrote that Crypto Capital Corp., […]

Bitcoin

Regulated Fintech Firm Monerium to Issue E-Money on Algorand Blockchain

A regulated European startup plans to bring fiat currency transactions onto the Algorand blockchain. Iceland-based Monerium, which has a European Economic Area (EEA) e-money license, has entered into a non-exclusive partnership with Algorand. Announced Tuesday, the deal will see the two companies collaborate on developing “real-world use cases that are enabled by advanced blockchain technology” […]