Galaxy Digital, the publicly traded crypto firm led by Michael Novogratz, has acquired substantially all the assets of blockchain node operator CryptoManufaktur LLC, in a deal that will increase the company’s Ethereum assets under stake by about 43%. The agreement with CryptoManufaktur, known as CMF, was announced in a press release provided exclusively to CoinDesk.
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: Investors are rotating into
Bettors are optimistic that the CrowdStrike outage will be resolved by Friday. It’s also unlikely, according to a Polymarket contract, that the outage was caused by a hack A major global IT outage caused by an update from security software provider CrowdStrike will very likely be resolved by Friday night U.S. eastern time, if not
WazirX, a Mumbai-based cryptocurrency exchange, has confirmed a significant security breach resulting in the theft of over $235 million from one of its multisig wallets. The incident, which occurred early Thursday morning, has led to an immediate halt in Indian rupee withdrawals as the company investigates. Crypto withdrawals were already suspended at the time of
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Today we’re diving into crypto pop-up villages, which reminded me of one of my favorite unused quotes from reporting a story. One attendee at a pop-up village I was covering told me
Algorithmic crypto trading firm Wintermute is reportedly in discussions with Chinese giant Tencent and other investors to raise up to $300 million. Wintermute, a high-frequency trading and market-making firm in the crypto space, is in talks with multiple investors about a new funding round. The company is looking to raise up to $300 million including
Bitcoin has entered a new paradigm in which investors must consider the future of state-controlled BTC stockpiles and sovereign approaches to holding or selling the asset. The United Kingdom should liquidate its Bitcoin (BTC) trove valued at an estimated $5 billion at current prices, Bloomberg senior opinion columnist Merryn Somerset Webb wrote on Friday. Webb’s
Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation. This development allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on Copper’s platform.
Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The crypto industry may have already seen the worst of this year, according to Binance Research analysts, who said in a Friday report the “incremental negative impact” might be
Anatoly Aksakov, the leader of Russia’s State Duma Banking Committee, has urged banning Telegram’s tap-to-earn game Hamster Kombat, saying it “manipulates” people’s minds. Russian lawmakers appear to be set to address concerns about Telegram‘s Hamster Kombat, as Anatoly Aksakov, head of the State Duma Banking Committee, has criticized the game for showing “obvious scam” traits