Rhodium Encore LLC, a Bitcoin mining firm based in Texas, has received court approval to pursue a financing plan during its Chapter 11 bankruptcy proceedings. The firm faces a debt of $100M. On Friday, the company was granted permission to choose between receiving $30 million in U.S. dollars or 500
The beginning of August has witnessed a sharp intraday price decline in the leading altcoin, Ethereum. The token depicted a 4.50% decline in the last 24 hours and slid back to the $3,100 level. Notably, leading digital asset firm, Galaxy Digital showed ETH movements in the past few hours. According
The record achievement of Galaxy Digital Holdings’ mining operation during Q1 contributed to the company’s increased revenue and earnings, which were driven by the surge in crypto prices. The financial services company led by Michael Novogratz that specializes in digital assets said on Monday that its net income for the
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with crypto custodian BitGo. When announcing the court’s decision to throw out the lawsuit, Galaxy said that it was “pleased” with the
Galaxy Digital, a leading cryptocurrency investor, is the latest significant player to leave the United States in response to the recent governmental onslaught. CEO Mike Novogratz of Galaxy Digital made the decision to relocate the company’s operations on Tuesday, May 9. He cited the challenging regulatory climate in the United
