Galaxy Digital Founder Michael Novogratz: BTC Will Consolidate in $7,000-$10,000 Range

Michael Novogratz said that he expects bitcoin to consolidate in the $7,000-$10,000 range. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has said that he expects bitcoin (BTC) to consolidate in the $7,000-$10,000 range, Bloomberg reports on May 30.Per the report, during a conference call discussing his company’s quarterly earnings, he noted that “on a go-forward basis, bitcoin probably consolidates somewhere between $7,000 and $10,000.” Novogratz also added:“If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through.”Bloomberg reports that Novogratz credits this year’s rally to mainstream acceptance of cryptocurrencies, as well as attention towards blockchain technology by Wall Street and technology firms.…

Bart Chilton: Former CFTC Regulator, Crypto Holder and ICO Endorser

Bart Chilton, a former commissioner of the CFTC, has died at the age of 58. Last weekend, Bart Chilton, a former commissioner of the United States Commodity Futures Trading Commission (CFTC) and early advocate for cryptocurrency regulation, died at the age of 58.Apart from his work for the regulator, he was best known as the host of RT (formerly Russia Today) America’s financial show “Boom Bust” — in which he often covered cryptocurrency news — and as the author of the book “Ponzimonium: How Scam Artists Are Ripping Off America.”The news about Chilton’s death was broken by RT, his latest employer, on April 27.…