• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Crypto CoinDesk

Bullish Acquires CoinDesk: Ex-NYSE Chief’s Firm Makes Crypto Media Play

Reynaldo Marquez
by Reynaldo Marquez
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bullish, a crypto exchange led by former New York Stock Exchange President Tom Farley, has announced the acquisition of CoinDesk, a crypto-focused media company.

Related Reading: A New Era Dawns: Bitcoin Proponent Javier Milei Secures Win In Argentina’s Presidential Contest

CoinDesk Purchase Will Boost Bullish’ Crypto Media Presence

The Wall Street Journal reports that this all-cash deal marks a new era for CoinDesk, previously under Digital Currency Group, since its acquisition in 2016 for $500,000.

CoinDesk is one of the most influential crypto news media outlets. In 2022, the website broke the news of the internal finance of crypto news FTX.

In the coming weeks after the report, the crypto exchange faced a trust crisis and a bank run as users rushed to cash out their funds. The events around FTX, its founder Sam Bankman Fried, and the multibillion-dollar lawsuit against him began at the news media portal.

This acquisition comes as Bullish aims to strengthen its foothold in the nascent industry. Tom Farley, the CEO of Bullish, who served as the NYSE president from 2014 to 2018, emphasizes the potential rebound of the digital assets industry and the “solid business foundations” of CoinDesk’s products and services, the WSJ reported.

bitcoin crypto coindesk
BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on Tradingview

CoinDesk’s New Chapter Under Bullish: Independence And Expansion Plans

Under the new ownership, CoinDesk will continue to operate independently within Bullish, retaining its current management team, including CEO Kevin Worth. CoinDesk will establish an editorial committee to maintain journalistic independence, chaired by Matt Murray, the former editor-in-chief of The Wall Street Journal.

Bullish, launched in November 2021 and backed by investors like Peter Thiel’s Founders Fund and Louis Bacon, scrapped a $9 billion public merger last year. Now, it’s positioning itself in the bidding war for the remnants of the collapsed crypto exchange FTX, hinting at ambitious expansion plans.

CoinDesk, with its diversified business lines in media, events, and indexes, reported $50 million in revenue last year. Farley’s vision for CoinDesk includes leveraging Bullish’s Asian connections to expand the conference business into new markets like Hong Kong and Singapore.

According to the WSJ, this move signifies Bullish’s commitment to investing heavily in CoinDesk’s growth, capitalizing on the anticipated upswing in the crypto sector. Farley stated:

We believe that there is a rebound of the digital assets industry that has already begun. Some of CoinDesk’s products and services are just darn good businesses that we want to own in a crypto bull run.

This acquisition follows a tumultuous period for CoinDesk’s parent company, Digital Currency Group (DCG), which faced financial difficulties after FTX’s collapse, leading to the bankruptcy of its lending subsidiary Genesis Global Capital and the closure of other units.

Related Reading: Shiba Inu Devs Unveil Key New Shibarium Feature

The deal represents a strategic shift for CoinDesk, which had explored sale options with Lazard earlier this year and underwent a 16% staff reduction in August. This new chapter under Bullish’s wing could mark a significant turn in CoinDesk’s journey, redefining its role in the ever-evolving crypto media landscape.

Cover image from Unsplash, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Follow

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Full Profile

Related Posts

MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth

MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth as Traders Pivot to Stablecoins and DeFi

7 hours ago
BingX Debuts $WLFI Token with WLFI Listing Carnival

BingX Debuts $WLFI Token with WLFI Listing Carnival

11 hours ago
voyager-crypto-emirates-paiement-xrp-bitcoin

Emirates ouvre ses vols aux paiements XRP et Bitcoin

13 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 2)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 3)

8 hours ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 3)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 3)

8 hours ago
Analysts Predict BTC to Hit $150K–250K – $HYPER Could Be the Next 1000x Crypto

Crypto Giants Predict BTC to Hit $150K–250K – Bitcoin Hyper the Next 1000x Crypto?

12 hours ago

Premium Sponsors

Press Releases

  • XRP is expected to break through $7. APT Miner helps...

    49 minutes ago
  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    5 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    5 hours ago
  • miner

    The September Curse Returns: How Crypto Investors Can...

    5 hours ago
  • Ethereum Price USD: The Latest Innovations of Crypto’s...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.