City Galois Financial News

20.02 / 17:23

CEO Galois Capital’s CEO says ‘crypto will endure’ after shutting down hedge fund

Crypto hedge fund Galois Capital has closed its flagship fund after failing to recover from the FTX losses.

17.06 / 09:17

business Blockchain Tether controversy compliance Tether responds to account deactivation controversy, raises compliance checks

Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.

21.02 / 17:11

UPS Twitter FTX $200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened

Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets.

20.02 / 15:07

Crypto hedge fund Galois Capital shuts down, thanks to FTX collapse

Popular crypto hedge fund Galois Capital is closing shop after operating in the crypto space for six years. The fund announced earlier on 20 February that it was shutting down due to the loss it faced after the collapse of FTX last year.

20.02 / 11:33

business FTX Bankruptcy hedge fund Hedge fund closes operations after losing funds in FTX exchange: Report

Hedge fund Galois Capital, one of the victims of the FTX collapse, has thrown in the towel after half of its assets got trapped in the bankrupt exchange. The fund has finally decided to shut down and return its remaining assets to investors.

17.11 / 22:25

markets CME Bankruptcy Bitcoin CME Bitcoin futures trade at a discount, but is that a good or a bad thing?

The Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures have been trading below Bitcoin’s spot price on regular exchanges since Nov. 9, a situation that is technically referred to as backwardation. While it does point to a bearish market structure, there are multiple factors that can cause momentary distortions.

16.11 / 03:31

business Funding FTX FTX bankruptcy freezes millions worth of crypto company funds

The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry with multiple crypto-focused companies reporting significant amounts of their capital stuck on FTX.

12.11 / 10:19

cryptocurrency FTX hedge fund Ft Hedge fund Galois Capital says half its capital stuck on FTX exchange -FT

Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million.

07.10 / 08:11

Ethereum Altcoins Tamadoge Bitcoin Bitcoin Price and Ethereum – Will October be a Bullish Month?

Bitcoin, the leading cryptocurrency, is currently trading at $20,140.48, up 0.09%. Even though Bitcoin's price is still far above $20,000, cryptocurrency values fell sharply today.

01.08 / 17:25

markets Ethereum Ethereum 2.0 proof-of-work Genesis Trading Ethereum futures backwardation hints at 30% 'airdrop rally' ahead of the Merge

Ether (ETH) bulls like a positive spread between its spot and ETH futures prices because the so-called contango reflects optimism about a higher rate in the future. But as of Aug. 1, the Ethereum futures curve slid in the opposite direction.

29.07 / 16:59

markets Ethereum Mining proof-of-work Ethereum chain split is possible after the Merge, survey finds — but will ETC price keep climbing?

Ethereum's proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via "the Merge" upgrade in September.

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