Galaxy Digital acquires GK8 to Enhance Upcoming Cryptography Brokerage Platform
It is reported that Galaxy Digital has completed the acquisition of GK8, the self-managed platform of Celsius, and GK8 solution services will continue to be pr…
It is reported that Galaxy Digital has completed the acquisition of GK8, the self-managed platform of Celsius, and GK8 solution services will continue to be provided to the market. At the same time, Galaxy will integrate this technology into its upcoming encryption brokerage platform, Galaxy One.
Galaxy Digital completed the acquisition of self-hosted platform GK8 with US $44 million
Interpretation of the news:
Galaxy Digital Holdings, a diversified financial services and investment management company in the cryptocurrency and blockchain technology sectors, has recently completed the acquisition of GK8, the self-managed platform of Celsius. GK8 is a unique offline crypto transaction technology that enables trading, custody, and asset management of digital assets without needing an internet connection. Owning and controlling digital assets investments is a significant challenge for businesses and individuals who seek security and privacy. However, GK8 has found an innovative solution to the problem, ensuring investors can safely store their digital assets without relying on the internet.
The acquisition of GK8 has created an opportunity for Galaxy Digital to integrate its technology into its upcoming cryptography brokerage platform, Galaxy One. According to reports, GK8’s self-managed platform and its solution services will continue to be provided to the market. They will also operate independently under the ownership of Galaxy Digital. Additionally, they will collaborate with Galaxy Digital to provide solutions to enhance the trading and asset management experience of its customers. The acquisition further strengthens Galaxy Digital’s position as a leader in providing blockchain technology solutions to businesses and individuals in the digital asset market.
Furthermore, the acquisition of GK8 by Galaxy Digital is another example of mergers and acquisitions in the blockchain industry. The blockchain industry has experienced significant growth in recent years, with many companies acquiring new technologies and skills to attract new customers and gain a competitive advantage. The competition in the blockchain industry is intense, with companies seeking to gain dominance in the market by offering superior services.
In conclusion, Galaxy Digital’s acquisition of GK8’s self-managed platform is an exciting development in the blockchain industry. The integration of GK8’s technology into Galaxy Digital’s upcoming cryptography brokerage platform, Galaxy One, will add an extra layer of security, privacy, and efficiency to its users. As the blockchain industry continues to grow, mergers and acquisitions are likely to become more common to gain a competitive advantage in the market.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2787/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Mt. Gox: Repayment Deadline Extended, Creditors Can Provide their Information
According to reports, the window for Mt. Gox creditors to provide their repayment information has been opened. The trustee of Mt. Gox stated that despite this, repayment still take
-
Huddle01 Completes $2.8 Million Financing Round with Leading Investors
On April 6th, it was announced that the decentralized real-time communication network Huddle01 has completed a $2.8 million financing, with Superscrypt, M31 Capital, Protocol Labs,
-
MicroStrategy: A Stronger Balance Sheet with Bitcoin
According to Bernstein\’s report, the rise in Bitcoin prices means that MicroStrategy\’s balance sheet is stronger, stock prices are higher, and debt repayment is easier, while Micro
-
Safeheron and MetaMask Collaborate: Launching MPC Wallet by End of June 2023
On April 15th, Safeheron, a one-stop open source self hosted service provider, announced at the 2023 Hong Kong Web3 Carnival that it plans to collaborate with MetaMask to launch an
-
US Stock Indices Close Lower: Dow, Nasdaq, and S&P 500 Lose Ground
According to reports, the three major US stock indices collectively closed lower, with the Dow down 0.42%, the Nasdaq down 0.35%, and the S&P 500 index down 0.21%.
The three major -
Solvo Introduces Generative AI Technology for Personalized NFTs
It is reported that Solvo, a cryptocurrency start-up, recently announced that it will use generative AI technology, and users can generate their own NFT. They …
-
PancakeSwap V3: The Cheapest, Most Efficient Way to Increase Liquidity Provider Returns
On April 3rd, it was announced that Decentralized Exchange (DEX) PancakeSwap has launched its V3 version on Ethereum and BNB chains. The upgraded platform will provide the cheapest
-
Suzhou Announces Launch of Digital RMB Scenario Application Standard
According to reports, the Suzhou Provident Fund Center has announced the launch of the \”Suzhou Provident Fund Digital RMB Scenario Application Standard (Trial)\”, proposing the cons
-
Celsius Network Advances Chapter 11 Restructuring Plan and Provides Disclosure Statement for Claim Holders
According to reports, the bankrupt cryptocurrency lender, Celsius Network, announced that it will advance its Chapter 11 restructuring plan and provide a disclosure statement conta
-
Unstop Domains and Opera Expand Partnership for Privacy and Security
It is reported that Unstop Domains announced that it would expand its cooperation with Opera, the encryption browser, which is the company behind the web brows…
-
Technical Error in Coinbase Results in Bitcoin Transfer Blockage
It is reported that a technical problem in Coinbase has led to the blocking of some transactions transferring Bitcoin from Coin. Users on Reddit and Twitter re…
-
PricewaterhouseCoopers predicts commercial applications to lead the Metauniverse in 2023
It is reported that PricewaterhouseCoopers released the 2023 Universe Outlook on February 28. The report points out that although the metauniverse has not full…
-
Ethereum Domain Name Service (ENS) Partners with MoonPay for Legal Tender Purchases
On April 20th, it was announced that the Ethereum domain name service ENS has reached a partnership with the encrypted payment platform MoonPay, which will allow users to use MoonP
-
Solana Foundation Announces $1 Million Small-Scale Fund for Exploring Interaction between Solana Blockchain and Artificial Intelligence
On April 26th, according to official Twitter, the Solana Foundation announced the launch of a $1 million small-scale fund to explore the interaction between Solana blockchain and a
-
Soul Bound Tokens (SBTs) – A Fraudulent Meme or Legitimate Digital Asset?
On April 28th, Daniel Buchner, the head of Decentralized Identity (DID) network for Jack Dorsey\’s payment company Block, stated at the 2023 Consensus Conference that Soul Bound Tok
-
What does the number of blocks produced by fil mean
What does the number of blocks produced by images=fil mean? What does the number of blocks produced by ‘ alt=’fil mean? Images} What does the number of blocks produced by fil mean? According to the Filecoin Chinese community, the current mining pool with the highest effective computing power on the network is FilProtocol, with a block output of 10.8% So, why choose this ratio? The reason is that the way of storing files in Filecoin network is very different from that in public chains such as Ethereum (for example, using p2p to ensure that users can retrieve files at any time and anywhere), while fil uses the fragmentation method for processing and storage, but there are also some problems to be solved in the mining process. So after the Filecoin main network goes online, it is impossible to package all of this data into blocks. Instead, the stored content will be sorted according to the actual situation, making it impossible…