Tag: Digital

Pave Bank Raises $39M For Traditional, Digital Finance Platform

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Fintech Pave Bank has raised $39 million in a Series A funding round led by venture capital firm Accel. The company offers programmable banking solutions for businesses, combining crypto and fiat services. The round included participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments, bringing the company’s total funding to about $45 million, according to the Economic Times. Founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, Pave Bank provides institutional and corporate clients with both…

Galaxy Digital (GLXY) Price Targets Hiked Across Street Following Record 3Q Earnings

Galaxy Digital (GLXY) shares closed over 8% higher on Tuesday following blow-out Q3 earnings. The positive results prompted a number of brokers to raise their price targets on the stock. The company led by Mike Novogratz posted a record quarter, fueled by a massive $9 billion bitcoin BTC$108,132.89 trade linked to a Satoshi-era wallet, broker Cantor said in a research report Tuesday. The broker reiterated its overweight rating on Galaxy shares and raised its price target to $53 from $45, attributing the revision primarily to a higher valuation for the…

HIVE Digital Finalizes 100MW Hydroelectric Bitcoin Mining Expansion in Paraguay

Key Notes The expansion leverages power from Paraguay’s Itaipú Dam, positioning the site as the country’s largest renewable mining facility by 2026. Hive’s global hashrate has surged from 6 EH/s to nearly 22 EH/s in 2025, with plans to reach 25 EH/s by year-end. Despite operational momentum, Hive’s stock declined 3.58% on October 21 after a volatile month marked by a single-day 28% spike earlier in October. Hive Digital Technologies has finalized an agreement to build a 100-megawatt hydroelectric-powered data center at its Yguazú site in Paraguay, marking a key…

Galaxy Digital Q3 Profit Surges on Trading Boom

Galaxy Digital reported strong third-quarter earnings results, driven primarily by higher trading activity and continued expansion in asset management, signaling steady institutional interest in crypto-focused financial services. The company reported net income of $505 million for the quarter ending Sept. 30, with adjusted earnings of $629 million, boosted by record results in its digital asset operations and investment gains. Galaxy closed the quarter with $3.2 billion in equity, including $1.9 billion in cash and stablecoins. Galaxy’s Q3 2025 results. Source: Galaxy Trading volumes jumped 140% from the previous quarter, fueled…

Galaxy Digital Posts $505M Q3 Net Income, Up 1,546% From Q2

Key Notes The firm executed a landmark $9 billion Bitcoin transaction involving approximately 80,000 BTC on behalf of institutional clients. Digital asset trading volumes surged 140% from the previous quarter, propelling adjusted EBITDA to $629 million for the period. Galaxy’s stock price climbed over 6% following the earnings announcement, reflecting strong investor confidence in its diversification strategy. Galaxy Digital Inc. (Nasdaq: GLXY) reported net income of $505 million for the third quarter of 2025, with diluted earnings per share hitting $1.01. The company’s Q3 adjusted EBITDA stood at $629 million,…

Wise Recruiting Digital Asset Lead to Explore Stablecoins

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Wise, the global currency exchange and payment platform, is hiring a digital-asset product lead with a focus on stablecoins, a move that could signal the company’s expansion into the cryptocurrency space amid improving global regulation. Wise’s product director, Matthew Salisbury, posted the position on LinkedIn last week. The role will be based in London, where Wise’s global headquarters are located. “If you’ve built wallets and/or payments solution based on stablecoins and you now want to do it at Wise apply through the ad or DM me,” Salisbury wrote. Source: Matthew…

Ripple to acquire $1B in XRP through SPAC-led digital treasury move

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Ripple Labs is reportedly on the cusp of launching a fundraising effort to purchase $1 billion worth of its XRP token to hold in a digital asset treasury, according to Bloomberg. The fundraiser is being organized through a special purpose acquisition company or SPAC, Bloomberg reported on Friday, citing anonymous people with knowledge of the matter. The digital asset treasury (DAT) will consist of the freshly bought XRP (XRP) and Ripple will also throw in some of its own stockpile, but the exact terms of the transaction are still being…

NYC Mayor Signs EO Establishing Digital Assets and Blockchain Office

New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has…

Kenya Parliament Passes First Digital Assets Bill as African Crypto Adoption Surges

Key Notes The bill assigns the Central Bank of Kenya authority over stablecoins and digital asset licensing under new regulations. Kenya ranks fourth in African crypto adoption, following Nigeria, Ethiopia, and Morocco with growing market presence. Stablecoins represented 43% of Sub-Saharan African crypto transactions in 2024 amid rising continental adoption. Lawmakers in Kenya have signed off on a bill to establish a regulatory framework for cryptocurrency and other digital assets. The new law, called the Virtual Asset Service Providers Bill, would place the Central Bank of Kenya in the role…

Galaxy Digital Raises $460 Million to Dump Bitcoin Mining for AI

Key Notes Mike Novogratz’s Galaxy Digital recently received a $460 million private investment to transform its Bitcoin mining facility into an AI data center. The investment was from one of the world’s largest, but anonymous, asset managers. Galaxy Digital plans to commit some funds to its Helios deal in the long term. In a bid to make an Artificial Intelligence (AI) data center out of its former Bitcoin mining site in Texas, Galaxy Digital has secured a $460 million private investment. According to sources familiar with the matter, the…