Novogratz Invests $15M In Blockchain Startup AlphaPoint Corp
Michael Edward “Mike” Novogratz a multimillionaire investor and former hedge fund manager has invested $15 million in blockchain startup AlphaPoint Corp., a firm that helps establishments in the formation of cryptocurrency exchanges and a firm which is a financial technology company that supports cryptocurrency networks and provides its expertise to institutions over blockchain technology and infrastructure.
In the statement Novogratz said:
The ex Wall Street merchant is grounded to transform Galaxy Digital into an organizational-assurance crypto merchant bank. In January 2018, he declared his program to increase $191 million for the effort, and expressed that he would like Galaxy Digital to turn into the Goldman Sachs for cryptocurrencies.
As posted by BTCManager in May 2018, the Bitcoin propagandist struck a strategically important partnership cooperation transaction with Bloomberg to develop a cryptocurrency index called the Bloomberg Galaxy Crypto Index (BGCI), which would “track the performance” of ten eminent and mainly the largest liquid digital currencies on the market, among them bitcoin, ethereum, EOS, Monero, and Ripple.
In June 2018, Novogratz mentioned he was establishing the “Drexel of crypto,” specifying Drexel Burnham Lambert, the main Wall Street investment banking company which factually constructed the junk-bond market. Nevertheless, the company collapsed in 1994 because of scandalous and unlawful activities.