Author: Crypto Insider

The completion of the transaction is scheduled for the fourth quarter of 2021. BitGo will receive $ 265 million in cash and the rest of the sum in the form of 33.8 million shares in Galaxy Digital. Galaxy Digital Holdings Ltd, one of the largest digital asset management companies, has announced plans to acquire BitGo,…

The cryptocurrency has renewed its historical maximum value at around $ 117. At the beginning of the year, it was trading at $ 5.5. Since then, growth has exceeded 1990%. On Thursday, May 6, the Ethereum Classic cryptocurrency hit its all-time high at $ 117. Over the past day, it has risen by 57%. Since…

Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets. The investment bank has opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash. The firm then protects itself from the digital currency’s famous volatility by buying and…

On May 5, the Ethereum Classic rate on the Binance crypto exchange first exceeded $ 81.6, having risen in price by 40% since the beginning of this year. At the same time, the market capitalization of the project exceeded $ 9.8 billion, and the daily trading volumes of the asset reached $ 18.2 billion. Ethereum…

New York State Senate Energy and Telecommunications Committee Chairman Kevin Parker introduced a bill that proposes a moratorium on mining cryptocurrency using electricity generated by burning fossil fuels in the state for a period of three years. The senator argues that the mining of cryptocurrency should be banned to reduce the negative impact on the…

Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer. “These two exceptional leaders join Ripple at a pivotal time for the company,” said Brad Garlinghouse, CEO, Ripple. “Rosie’s experience in the public and private sectors provides an invaluable perspective to…