AlphaPoint Raises $15 Million In First Major Funding Round
Crypto services company AlphaPoint announced it raised $15 million in its first major round of venture capital funding from Galaxy Digital.
Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.
Bitcoin’s recent price jump after the U.S. killing of a top Iranian official has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.
The crypto merchant bank just managed to keep its head above water in 2019, but says profits will likely suffer amid the effects of Covid-19.
We’re at a point where any idea associated with tokens struggles for legitimacy and money. It would be a shame if we ditched token economics altogether.
Cryptocurrency merchant bank Galaxy Digital will begin trading on the Toronto TSX Venture Exchange this week.