Huang writes, “Bullish, the crypto exchange run by Farley, bought 100% of CoinDesk in an all-cash deal. Financial terms of the deal weren’t disclosed. Digital Currency Group, the parent company of CoinDesk, acquired the media company in 2016 for $500,000.
“The deal comes a year after CoinDesk broke news about Sam Bankman-Fried’s crypto empire that would ripple through the market and compound the financial troubles of its parent company.
“Bullish said that CoinDesk’s current management team, led by chief executive Kevin Worth, will stay in place and that the publication will operate as an independent subsidiary within Bullish.
“CoinDesk will launch an editorial committee to ensure journalistic independence, CoinDesk said. Matt Murray, the former editor in chief of The Wall Street Journal, will serve as chair of its editorial committee, the media company said.”
Read more here.
The Society for Advancing Business Editing and Writing is seeking applicants for its 2024 Health Care…
Tech Brew is a newsletter-based publication that keeps over 400,000 professionals informed about the intersection…
Frank Matt, a senior video journalist on The Wall Street Journal's specials team, where he…
Miranda Nazzaro is covering technology for The Hill. She has been a breaking news reporter for…
Axios is hiring a newsroom audience specialist to grow and engage readership for our business…
Politico has hired James Ferneyhough as sustainability editor in Europe. Ferneyhough has been a freelancer for the…