The Daily: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy Digital

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The former hedge fund manager created his cryptocurrency merchant banking in the expectation it would eventually develop into the “Goldman Sachs of all crypto. ” The crypto bear market of 2018 has been tough on the company’s inventory, but Novogratz claimed in November he still believes that institutional demand for cryptocurrencies will induce the start of a new bull trend in 2019. By purchasing more business shares, Novogratz is indicating that he's willing to put his money where his mouth is. In Thursday’s version of The Daily, we insure a new task force created by the state of New York to learn more about the cryptocurrency marketplace and its regulation, a movement by Galaxy Digital’s Mike Novogratz to buy more of the company, and an intriguing way to indicate the anniversary of Bitcoin’s genesis block.

Bitcoin Magazine to come to Print 2019

“Back in 2012, Vitalik and Mihai were handing out Bitcoin Magazine from their backpacks to anybody with even a vested interest in some mysterious, magical online money,” the team remarked. “Nowadays, with 10 years of background , Bitcoin is almost a household name, and a growing number of individuals are curious about this ‘digital gold’ which they’ve been hearing . Our intention is to distribute thousands of copies, free of charge, at hundreds of locations and events around the globe. ” Also Read: Bakkt Completes First Round of Funding With $182.5 Million

Bitcoin Magazine, one of the very first print publications specializing in cryptocurrencies,'' was created by Vitalik Buterin and Mihai Alisie in May 2012. In 2015 it had been obtained by a business out of Nashville, Tennessee that moved the magazine completely online. Now, to mark the anniversary of Bitcoin’s genesis block, the business has announced that the very first print version of Bitcoin Magazine in seven years will turn off the presses in the summer of 2019. Pictures courtesy of Shutterstock.
The reports made by the task force will likely be used to upgrade the state’s regulation of the industry, since the announcement notes that “It has been almost four years since the implementation of the Bitlicense. In the cryptocurrency area and technology generally, a few months is equivalent to years. ” Michael Novogratz, Founder and CEO of Galaxy Digital Holdings Ltd. (TSXV GLXY; Frankfurt: 7LX) reported on Wednesday that he acquired 7,500,768 more stocks of the company for roughly $7.4M Canadian dollars (U.S.$5.4M) throughout December 2018. This sum represents about 2.7% of the company’s shares, bringing Novogratz’s estimated stake in the business from an already elevated 76.6 percent to about 79.3 percent. What would you consider now ’s information tidbits? Share your thoughts in the comments section below. According to the announcement, the members of the task force, appointed by Governor Andrew Cuomo, the Senate, and Assembly, are to research how to regulate, define and utilize cryptocurrency and submit their own reports by Dec. 15, 2020. They'll consist of various stakeholders like technologists, customers, institutional and smallish investors, large and little blockchain businesses, and academics.
“New York leads the nation in fund. “The task force of experts will help us hit the balance between with a robust blockchain business and cryptocurrency economic environment while at exactly the exact identical time protecting New York shareholders and customers. ”

Mike Novogratz Increases Stake in Galaxy Digital