Digital Currency Group Acquires News Outlet CoinDesk
Coindesk, a leading industry news and media outlet has announced today that it has been acquired by Digital Currency Group. Barry Silbert’s Digital Currency Group, an initial investor in Coindesk has now acquired the publication as a whole, with editorial and business teams at CoinDesk to reportedly merge with Digital Currency Group’s events platform to form a new subsidiary based in New York. CoinDesk made the announcement on its website, which read: We are excited to announce that CoinDesk has been acquired by Digital Currency Group (DCG), a leader in the bitcoin and blockchain industry....
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With the acquisition CoinDesk said it’s positioned to be the leading source of crypto news, information and data for the rapidly growing sector.
On Thursday, March 26, 2015 Bitcoin Shop, Inc. announced that it has acquired an additional 2% equity ownership in Coin Outlet, reducing Coin Outlet CEO Eric Grill’s shares by 701,966 while increasing Bitcoin Shop’s to 4.2%. "Today we are pleased to announce our additional ownership interest in, and partnership with, Coin Outlet,” stated Bitcoin Shop CEO, Charles Allen. “Their ATMs should allow consumers to exchange fiat currency for bitcoins through one fundamental and easy-to-use transaction. Additionally, with the help of Coin Outlet, we plan to leverage their ATM network as another....
Bitmain, the operator of one of the bitcoin network’s largest mining pools, has acquired a bitcoin data and analytics startup for an undisclosed amount. With the acquisition of Blocktrail, announced today, Bitmain will seek to bolster the services it offers at BTC.com, a block explorer and analytics service it launched last September. The acquisition is the latest in what has proved to be a year of consolidation for the industry, which has seen particular activity in the exchange sector. This year has so far seen the bitcoin mining chip manufacturer behind the Avalon chip series sold in....
India Today, a prominent Indian news outlet, has published an investigative report on bitcoin that clearly attempts to tarnish its reputation, perhaps due to a lack of understanding, perhaps due to propaganda. In the report, India today essentially connects bitcoin with illegal activities such as money laundering, as if the currency was created with the purpose of allowing criminals to hide from the long arm of the law. To a certain extent, bitcoin is painted as a centralized organization harboring criminals. According to the news outlet, the cryptocurrency is “notoriously used by money....
An SEC filing from last year shows that the Fortress Investment Group previously purchased $20 million worth of bitcoin. The company is reportedly preparing themselves for a launch of an Exchange Traded Fund (ETF). At the end of 2013, the group reported having on the order of $16.26 million worth of bitcoin holdings, reporting over $3.7 million in losses or unrealized gains, according to bitcoin news website CoinDesk. When you consider how much the price have dropped since the end of last year, it's very likely the company's losses are, at this juncture, even greater. All told, this makes....