CoinDesk Acquires TradeBlock, Adding Indexes and Pricing to News, Events Offe...
With the acquisition CoinDesk said it’s positioned to be the leading source of crypto news, information and data for the rapidly growing sector.
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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....
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially on December 3, 2020, such indexes will measure the performance of over 550 top traded crypto by market cap, including bitcoin, and they will use data from the New York-based company Lukka. According to the statement issued by both companies, S&P’s clients could create customized indexes, among other....
Online cryptocurrency data and research provider TradeBlock has raised $2.8m in funding as part of a new investment round led by Andreessen Horowitz that also included SecondMarket CEO Barry Silbert, Devonshire Investors and FinTech Collective. For Andreessen Horowitz, the venture capital firm led by early internet pioneer Marc Andreessen, the move represents its latest major backing in the bitcoin ecosystem. The investment follows the firm's December investment in US-based bitcoin financial services provider Coinbase's $25m Series B round. TradeBlock, rebranded from The Genesis Block,....
On May 23rd, TradeBlock announced that it is servicing an interesting trading company called Cumberland Mining. TradeBlock says it will be enabling an “order management system and execution tool set” for the enterprise. Cumberland Mining is associated with the principal trading group DRW Holdings LLC. Not much is known about this company, but it is said that it most likely scored 27,000 bitcoins in the US Marshals Service (USMS) bitcoin auction in March 2015. TradeBlock Collaborates with Cumberland Mining. Cumberland Mining has been a bit of a mystery until now. Tradeblock says Cumberland....
Digital currency data provider TradeBlock has received a significant funding from notable investors, reports the Wall Street Journal. The website, formed by two brothers, Greg and Jeff Schvey, stems from a previous project they worked on called Genesis Block. The investment is reported to have amounted to a whopping $2.8 million, lead by Andreessen Horowitz, and included other investors like SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Devonshire Investors (which, according to CrunchBase is the private investment arm of Fidelity Investments) and FinTech Collective also....