"Galaxy Digital Gears Up for New Venture Fundraising Initiative"

TLDR

Galaxy Digital is raising a new venture fund focused on digital asset investment
Paypal’s Xoom service now allows cross-border money transfers using Paypal USD stablecoin

Article Summary:

Crypto SWOT article discusses key elements in the cryptocurrency market, highlighting strengths, weaknesses, opportunities, and threats:

Strengths: Core cryptocurrency rose 140%, Goldman Sachs alum launched new digital-asset investment firm, Xoom allows transfers using stablecoin
Weaknesses: WormHold coin declined 29%, Lithuania to weed out crypto companies, Goldman Sachs not buying into Bitcoin ETFs
Opportunities: Galaxy Digital raising new venture fund, Bhutan & Bitdeer plan to ramp up Bitcoin mining, Ripple Labs introducing dollar-denominated stablecoin
Threats: OneCoin legal head sentenced for fraud, Bitcoin prices drop, waning of risk appetite in the crypto market

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Adrian Johnson

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Galaxy Digital Gears Up for New Venture Fundraising Initiative