Bloomberg Technology published this video item, entitled “Novogratz’s Galaxy Terminates $1.2B BitGo Acquisition” – below is their description.
Delta Blockchain Fund General Partner Kavita Gupta joins Emily Chang and Bloomberg’s Sonali Basak to discuss Novogratz’s stalled BitGo acquisition and how the crypto custody firm is retaliating. Plus, her thoughts on institutional and retail investor sentiment during the crypto winter, and whether crypto consolidation is to be expected.
Bloomberg Technology YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
About This Source - Bloomberg Technology
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.