NYDIG Announces Acquisition of Arctos Capital apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Publicly traded First Foundation invests in NYDIG as belief in digital assets grows The two companies also announced a strategic partnership that would allow First Foundation to provide clients with secure access to Bitcoin-related investment products. 2627 Total views News
First Foundation Inc, a publicly traded financial services provider, has made a strategic investment into New York Digital Investment Group as part of a broader effort to provide clients with secure access to Bitcoin (BTC) investment products.
“We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of our clients,” said First Foundation CEO Scott Kavanaugh.
Bitcoin Flash Crash Due to Market Overreaction to Non-issue, Analyst Says
On 4/19/21 at 2:30 PM EDT
Bitcoin plunged nearly 20% less than a week after reaching a new high as automatic sell orders kicked in, deepening the downturn and underscoring the cryptocurrency s volatility.
Sunday s flash crash, similar to wild computer-driven swings in the stock market, did no lasting harm, and Bitcoin s price quickly made up some of the loss. A power outage in the Xinjiang region of China where a significant portion of Bitcoin mining takes place caused a very sudden dip in the global hashrate which, in turn, caused transactions to back up and fees to rocket temporarily, Jason Deane, Bitcoin analyst at Quantum Economics, London, told
P/C Insurers Liberty Mutual, Starr Join Investors in Bitcoin Firm NYDIG April 9, 2021
The round comes just a month after announcing $200 million in new financing.
NYDIG, a subsidiary of asset manager Stone Ridge, said this week it raised $100 million of growth capital from strategic partners including property/casualty insurers Starr Insurance, Liberty Mutual Insurance and others.
The New York-based company also announced that Mike Sapnar, a 30-year insurance industry veteran of insurance and former CEO of TransRe, is joining NYDIG as global head of Insurance Solutions to focus on accelerating bitcoin use in in the global property/casualty industry.
Sapnar will be joined by Matt Carey, NYDIG’s U.S. head of Insurance Solutions, who will be focused on bitcoin for U.S.-based life insurance and annuity providers. Prior to joining NYDIG, Carey was co-founder and CEO of Blueprint Income, an online annuity marketplace recently acquired by MassMutua
Bitcoin Volatility Decreasing as Price Movement Begins to Mirror Gold, Analyst Says newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.