Former Wall Street executive Mike Novogratz has recently predicted that mass adoption of crypto and blockchain is “still five to six years away,” Blokt blockchain and tech news outlet reports July 19.
Novogratz claimed that while financial regulators are mainly concentrated on professional institutions, like JPMorgan and Goldman Sachs, the industry is mostly based on retail investors.
He further suggested that regulators should be more focused on the retail sector instead of large professional institutions.
Ranked one of the richest people this year, Novogratz worked at Goldman Sachs and Fortress Investment Group before launching the Galaxy Digital crypto merchant bank in January 2018.
In May, Galaxy Digital partnered with Bloomberg in order to launch the Bloomberg Galaxy Crypto Index (BGCI).
Michael Novogratz, CEO, and founder of cryptocurrency investment firm Galaxy Digital Capital Management mentioned at the South Korean Beyond Blocks conference that mass blockchain adoption is half a decade away.
Blockchain and virtual reality are arguably two of the most innovative inventions of this generation. Bringing the future to the present day, VR platform High Fidelity is creating a new virtual world powered by the EOS blockchain.
Virtual reality platform High Fidelity believes that by using blockchain technology they can reach an audience of a billion people and have just raised $35 million in fresh revenue to do so. $35 Million Raised to Create New Virtual World The series D fundraising round was led by a $2o million investment by Mike Novogratz’s Galaxy EOS.
AlphaPoint, the provider of, secure, and scalable blockchain infrastructure for asset digitization and trading announced today they have partnered with founder Michael Novogratz’s firm Galaxy Digital Ventures.
SUI Group announced a key partnership with the decentralized exchange Bluefin to drive institutional adoption of crypto products on the Sui blockchain.
Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks.
The US stock market has just achieved a historic milestone, closing at its highest weekly levels ever recorded. The S&P 500 finished the week at 6,791. 68 while the US 100 Index reached 25,358. 15, both setting new all-time highs.
T. Rowe Price, the US asset manager with $1.8 trillion in assets, has filed to launch its first crypto exchange-traded fund, according to regulatory filings and market reports. The filing seeks registration with the US Securities and Exchange Commission for an actively managed product that would give investors exposure to a basket of digital tokens […]
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Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto […]
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The Dow Jones Industrial Average rose 190 points as U.S. stocks looked set to inch higher amid robust earnings reports from Coca-Cola and GM. U.S. stocks were largely unchanged, but the Dow Jones Industrial Average showed a positive outlook with…
