Michael Novogratz, CEO of Galaxy Investment Partners Cryptocurrency-focused merchant bank Galaxy Digital will start trading on a Canadian stock exchange on Wednesday despite cooling investor interest and falling prices this year. Former Goldman Sachs macro trader Michael Novogratz launched the company in November, a month before bitcoin hit its all-time high near $20,000. The firm took a $134 million hit in the first quarter, according to its first-ever financial disclosure released in Canada...

Despite a sluggish cryptocurrency market, stock trading app Robinhood is adding two new digital currencies to its platform. The company will add Litecoin and Bitcoin Cash to its no-fee app, which already lets users trade bitcoin and ethereum. “Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum,” Robinhood said in a blog post Thursday. The company also said it has topped 5 million users...

Steve Wozniak speaking at eMerge in Miami on June 12, 2017. Apple co-founder and noted bitcoin bull Steve Wozniak says the hype around blockchain is similar to what he saw in the dotcom era, with companies going belly-up at a rapid rate. “It was a bubble, and I feel that way about blockchain,” Wozniak said Tuesday on stage at the NEX technology conference in New York. A good portion of the companies promising to do life-changing things on the internet quickly went bust, Wozniak reminded the...

Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin. The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma advocated for blockchain but said the firm does not own bitcoin, and would stay away from the asset class, the Wall Street Journal...

Jack Ma Ant Financial, a subsidiary of Jack Ma's e-commerce giant Alibaba, is using some of the $14 billion treasure chest it just raised to invest in blockchain. Ant Financial owns and operates China's largest online and mobile payments network Alipay. The company, carved out from Alibaba Group seven years ago, is now worth a reported $150 billion after closing one of the biggest capital raises on record. The funds raised in the Series C round will be set aside to accelerate Alipay's...