Crypto News | Galaxy Digital makes its first big investment

We’ll start our today’s review with the news on the first big investment of Galaxy Digital. This crypto-asset merchant bank led an equity sale that secured $30 million for the project of Everipedia, a decentralized offshoot of Wikipedia. This amount was raised by strategic investors and will be invested in Everipedia’s peer-to-peer network. In 2017, Everipedia announced its move to the blockchain and now is trying to develop a censorship-proof system. Smart contracts will be used to record contributions, and contributors will be reworded with a cryptocurrency token. We can conclude that the first big investment of Galaxy Digital could have an important role in the implementation of blockchain technology and in the development of decentralized systems.

Besides that, we bring you the latest information on January bitcoin auction. The U.S. Marshals Service confirmed that bitcoins sold in January were transferred to five winning bidders. The agency sold 100 bitcoins less than it was expected and will maintain custody of the assets.

As for other relevant economic, business and political news, we bring you the latest information concerning Ant Financial Services Group. The Chinese group wants to raise up to $5 billion in fresh equity. This won’t be Ant’s first fundraising campaign: in 2016, they collected about $60 billion. Nobody knows how the company will actually use this money, since they refused to comment on the fundraising plans.

We bring you some news from the United States, as well. According to the latest Trump’s proposal, $3 billion will be requested as a down payment on building a wall. More precisely, the money should be invested in purchasing private land. You probably know that Trump’s administration wants to construct a wall, allegedly to prevent illegal immigrants from entering the country. Besides the news on the wall, we have some other news regarding US president. Trump said that significant compromises will be needed for peace between Israel and Palestine. Also, he said that his Jerusalem move was the “high point” of his first year in office.


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Author: Max Rothstein

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