See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs<\/a><\/p>\n\n\n\n The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, Galaxy argued that it had a \"valid basis\" to terminate the agreement due to BitGo's failure to deliver the necessary documents. It considers BitGo's lawsuit \"without merit\" and plans to defend its position.<\/p>\n\n\n\n See Related: <\/em><\/strong>Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs<\/a><\/p>\n\n\n\n The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
BitGo alleges<\/a> that Galaxy intentionally abandoned the May 2021 merger agreement after suffering financial losses in the cryptocurrency bear market. They claim Galaxy could not afford the $1.2 billion price and used a technicality \u2013 BitGo's alleged delay in providing specific audited financial statements \u2013 as an excuse to break the deal.<\/p>\n\n\n\n However, Galaxy argued that it had a \"valid basis\" to terminate the agreement due to BitGo's failure to deliver the necessary documents. It considers BitGo's lawsuit \"without merit\" and plans to defend its position.<\/p>\n\n\n\n See Related: <\/em><\/strong>Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs<\/a><\/p>\n\n\n\n The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The legal tussle between cryptocurrency custodian BitGo and financial services firm Galaxy Digital over their failed $1.2 billion merger deal will proceed, Coindesk reported. The Delaware Supreme Court overturned a lower court decision that dismissed BitGo's lawsuit, giving them another chance to argue their case for a $100 million breach of contract settlement.<\/p>\n\n\n\n BitGo alleges<\/a> that Galaxy intentionally abandoned the May 2021 merger agreement after suffering financial losses in the cryptocurrency bear market. They claim Galaxy could not afford the $1.2 billion price and used a technicality \u2013 BitGo's alleged delay in providing specific audited financial statements \u2013 as an excuse to break the deal.<\/p>\n\n\n\n However, Galaxy argued that it had a \"valid basis\" to terminate the agreement due to BitGo's failure to deliver the necessary documents. It considers BitGo's lawsuit \"without merit\" and plans to defend its position.<\/p>\n\n\n\n See Related: <\/em><\/strong>Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs<\/a><\/p>\n\n\n\n The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n Cryptocurrency financial firm Galaxy Digital has collaborated<\/a> with It\u00e1u Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil. The first ETF in the deal is IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) \u2013 which trades on the Brazilian B3 Stock Exchange.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Their First Bitcoin ETF<\/a><\/p>\n","post_title":"Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"galaxy-digital-teams-up-with-top-brazilian-asset-manager-for-crypto-etfs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/australia-to-launch-their-first-bitcoin-etf\/","post_modified":"2023-04-10 18:40:39","post_modified_gmt":"2023-04-10 08:40:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The legal tussle between cryptocurrency custodian BitGo and financial services firm Galaxy Digital over their failed $1.2 billion merger deal will proceed, Coindesk reported. The Delaware Supreme Court overturned a lower court decision that dismissed BitGo's lawsuit, giving them another chance to argue their case for a $100 million breach of contract settlement.<\/p>\n\n\n\n BitGo alleges<\/a> that Galaxy intentionally abandoned the May 2021 merger agreement after suffering financial losses in the cryptocurrency bear market. They claim Galaxy could not afford the $1.2 billion price and used a technicality \u2013 BitGo's alleged delay in providing specific audited financial statements \u2013 as an excuse to break the deal.<\/p>\n\n\n\n However, Galaxy argued that it had a \"valid basis\" to terminate the agreement due to BitGo's failure to deliver the necessary documents. It considers BitGo's lawsuit \"without merit\" and plans to defend its position.<\/p>\n\n\n\n See Related: <\/em><\/strong>Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs<\/a><\/p>\n\n\n\n The legal matter centers on the interpretation of a single clause in the merger agreement. The Delaware Supreme Court found the definition of \"financial statements\" to be ambiguous. Both parties offered reasonable interpretations of what constituted acceptable documentation, leading the court to reverse the initial dismissal.<\/p>\n\n\n\n This case will be closely watched by the cryptocurrency industry, as it sets a precedent for resolving disputes arising from mergers and acquisitions in the volatile crypto market. The outcome could impact how future deals are structured and how potential ambiguities are addressed to avoid similar legal battles.<\/p>\n\n\n\n Meanwhile, Galaxy Digital is targeting distressed assets from other failed crypto companies, potentially including FTX's own venture capital portfolio, the Financial Times reported<\/a>. Affected by the market crash in 2022, the firm is now acting as a vulture capitalist for distressed crypto assets. This strategy helped propel Galaxy's assets under management from $1.7 billion to a staggering $5.3 billion.<\/p>\n","post_title":"US Court Rules BitGo\u2019s $100M Suit Against Galaxy Digital Can Proceed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-court-rules-bitgos-100m-suit-against-galaxy-digital-can-proceed","to_ping":"","pinged":"","post_modified":"2024-05-27 01:15:34","post_modified_gmt":"2024-05-26 15:15:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17076","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8250,"post_author":"13","post_date":"2022-11-12 00:06:38","post_date_gmt":"2022-11-11 13:06:38","post_content":"\n
ADVERTISEMENT
\n
ADVERTISEMENT
\n
\n
ADVERTISEMENT
\n
\n
ADVERTISEMENT
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
\n
ADVERTISEMENT
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
\n
\n
\n
\n
ADVERTISEMENT
A Dispute Over Definitions<\/h2>\n\n\n\n
