Cryptocoins News / Finance Magnates - 1 year ago
As the United States tightens its grip on
cryptocurrency regulations, Galaxy Digital has set its sights on Europe,
appointing Leon Marshall, a seasoned executive from the crypto industry, to
spearhead its expansion efforts. This move is in response t...
Cryptocoins News / The Cointelegraph β - 1 year ago
Gala Games is a blockchain-based gaming platform enabling players to create, own, and trade in-game assets using cryptocurrencies. Echoing the momentum of GameFi (gami...
Cryptocoins News / Blockchain - 1 year ago
Jeff Dorman, CFA and CIO of Arca, discusses the court-approved sale of FTX's crypto assets by Galaxy Asset Management. The sale is expected to be gradual and opportunistic, with a maximum sale of $50 million per week. Galaxy's goal is to outperform a...
Cryptocoins News / Blockchain - 1 year ago
Gala Games co-founder Eric Schiermeyer has filed a derivative shareholder lawsuit against co-founder Wright Thurston and True North United Investments, LLC. The company assures transparency and accountability, stating the disputes are primarily betwe...
Bitcoin News / Bitcoinist - 1 year ago
Gala Games CEO Eric Schiermeyer has launched a legal battle against his co-founder, Wright Thurston, and his investment firm, True North United Investments. Schiermeyer alleges that around $130 million worth of GALA tokens were stolen in early 2021,...
Cryptocoins News / Blockchain - 1 year ago
Gala Games, a blockchain-based gaming company, has launched its L1 blockchain for multiple games and is in the QA phase of migrating its social media platform, Rep, to its own blockchain, GalaChain. The company plans to streamline onboarding and deve...
Cryptocoins News / CoinJournal - 1 year ago
The founders of the blockchain gaming platform Gala Games have locked horns in court.
One founder alleges theft of $130 million worth of Gala tokens while the other alleges corporate waste.
The GALA token has dipped more than 5% over the last 24 hou...
Cryptocoins News / The Cointelegraph β - 1 year ago
Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions. The co-founders of...
Cryptocoins News / Blockchain - 1 year ago
Gala Games co-founders Eric Schiermeyer and Wright Thurston are suing each other, alleging Thurston stole $130 million in GALA tokens. Thurston has been sued by the SEC for fraudulent activities. (Read More)
by COINS NEWS - 1 year ago
First case - True North United Investments is suing Eric Schiermeyer, the president and a director of Gala Games. The suit alleges corporate mismanagement, misuse of funds, and shady business practices Eris is being sued for Wasting company assets, P...
Bitcoin News / Bitcoinist - 1 year ago
Several events in FTXβs bankruptcy proceedings continue to unravel as the crypto exchange seeks to settle its creditors and possibly restart. The latest of these is that the company has moved to protect its remaining assets with the help of Galaxy Di...
Bitcoin News / Bitcoinist - 1 year ago
In a recent development, bankrupt cryptocurrency exchange FTX has enlisted the services of US-based crypto firm Galaxy as an advisor to assist in hedging and selling its crypto holdings, as per court filings submitted on Wednesday.
According to a Reu...
Bitcoin News / Bitcoin.com - 1 year ago
FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management.
FTX T...
Cryptocoins News / The Cointelegraph β - 1 year ago
Galaxy Digital is set to manage the sale of bankrupt FTXβs crypto holdings and facilitate the staking of certain tokens to generate passive yield. Mike NovogratzβsΒ dig...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX has turned to
Galaxy, owned by Mike Novogratz, for guidance and expertise on how to optimize the value of its
substantial crypto holdings. FTX is planning to delve into crypto staking,
hedging, and the sale o...
Cryptocoins News / The Cointelegraph β - 1 year ago
BitGoβs Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. Cryptocurrency custody platform BitGo has raised f...
by COINS NEWS - 1 year ago
So, Nobody is going to talk about the hell of the management fees that these companies are charging for Bitcoin ETFs? The management fee in an ETF is the fee charged by the ETF issuer to cover the costs of managing the fund. It is expressed as a perc...
by COINS NEWS - 1 year ago
I had previously posted about my Gala V1 tokens being useless because Coinbase has not decided to support V2 and I was unable to move my tokens in time. https://www.reddit.com/r/CryptoCurrency/comments/15oujdm/i_just_realized_my_gala_is_worthless/ I...
by COINS NEWS - 1 year ago
Don't yell at me. I was going through a depressive and stressful period and stopped paying attention to crypto so closely. I somehow missed the announcements about Coinbase not supporting the Gala V2 drop. I contacted Gala Games and they said T...