Galaxy Managing $3.2 Billion in Assets and Reports $400 Million Unrealized Gains in Q4 So Far

Billionaire Mike Novogratz’s Galaxy Digital Holdings reported unrealized gains of about $400 million from the appreciation on crypto assets in the fourth quarter so far. In the third quarter, Galaxy posted $517 million in net comprehensive income, which includes the appreciation of coin prices and $1.2 billion year-to-date through Sept. 30 “on the back of […]

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Weed Stocks Dip Following GOP Legalization Bill Proposal

Neither the author, Kingsley Alo, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Monday, several Republican members of the US Congress formally presented a new bill to legalize and tax marijuana federally. The new legislation is sponsored by Rep. Nancy Mace and five other republican cosponsors. […]

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Sri Lanka Closes Oil Refinery Due To Forex Shortage, Not COP26 Related

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Sri Lanka has temporarily shut down its only oil refinery, but not because of its environmental commitments made at the 2021 United Nations Climate Change Conference (COP26). Instead, the move comes as the country […]

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ParaSwap’s Newly Launched Governance Token, PSP, Tanks 45% After Team’s ‘Decentralization Maximizing’ Airdrop

Decentralized exchange (DEX) ParaSwap launched its governance token, dubbed PSP, after repeatedly saying it won’t launch a token. The newly launched PSP token, with a market cap of just over $105 million, went on to hit $2.10. Since then, the token has lost more than 45% of its value to now trade at $1.15, according […]

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Kevin O’Leary Uses Stablecoin Yields — Accountants Said He Was “Out of His Mind”

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. From crypto skeptic to advocate, popular TV host and investor Kevin O’Leary finds safe harbor from inflation with stablecoin staking. O’Leary Says He Is a Circle Customer Over the past couple of months, it […]

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What do the new crypto designations mean for the crypto sector in Taiwan?

China’s ban on crypto activity presented destination opportunities for crypto initiatives, among them, Taiwan Being a sector that Taiwan has for so long avoided as far as establishing the necessary regulations is concerned, Taiwan’s Ministry of Economic Affairs (MOEA) has now taken a route towards supervision and regulation. On Monday, the Taiwan government said that […]

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