Michael Novogratz’s Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi
Prince will work closely with the firm’s president, Chris Ferraro, to expand Galaxy’s crypto offering.
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Galaxy Digital
Prince will work closely with the firm’s president, Chris Ferraro, to expand Galaxy’s crypto offering.
The firm’s current chief financial officer, Alex Ioffe, will transition into a senior advisor role.
Scared away by the various crypto collapses in 2022, institutional allocators have yet to make a comeback.
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.
The crypto market pulled back from the first-quarter’s record highs during the three-month period.
By acquiring substantially all the assets of the blockchain node operator, the publicly traded Galaxy Digital will increase its role in Ethereum staking, as part of a broader effort to expand in the business of blockchain infrastructure.
Galaxy is one of several investors who have accused Richard Kim of misappropriating at least $3.67 million of company funds belonging to Zero Edge, his crypto casino.
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
Galaxy Digital inked a similar deal with DWS last year for the European market.
In an interview at Consensus 2024, the Galaxy Digital CEO was asked about a plethora of regulatory and legislative issues affecting crypto.