Global #Galaxy Digital

Rhodium, a Texas-based Bitcoin mining firm, recently made headlines with its bankruptcy filing on August 24. The firm’s financial troubles, compounded by mounting debt and operational difficulties, paint a sobering picture of the challenges facing the cryptocurrency mining sector.

Mike Novogratz, founder of Galaxy Digital, recently commended the cryptocurrency mining industry for its resilience in the face of economic uncertainties. He highlighted insights from a Galaxy Digital report, emphasizing key trends shaping the mining landscape.

Financial giant State Street Global Advisors (SSGA) and crypto-focused investment firm Galaxy Digital are joining forces to launch a new generation of exchange-traded funds (ETFs) focused on digital assets.

Fears of a major Bitcoin price drop due to the upcoming Mt. Gox exchange repayment plan might be overblown, according to a recent report by Galaxy Digital. The cryptocurrency investment firm believes the market is anticipating a much larger sell-off than what is likely to occur.

BitGo has been given another chance to pursue legal action against Galaxy Digital regarding their terminated $1.2 billion merger deal.

Mike Novogratz, CEO of Galaxy Digital, predicts that Bitcoin's price will fluctuate between $55,000 and $75,000 in the next month, potentially showing an upward trend towards the end of the current quarter.