Share this article
Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ
Bullish, which is run by former NYSE President Tom Farley, bought 100% of CoinDesk from crypto-focused investor DCG in an all-cash deal
Updated Mar 8, 2024, 5:22 p.m. Published Nov 20, 2023, 1:23 p.m.
Make us preferred on Google
Cryptocurrency exchange Bullish has bought CoinDesk, the Wall Street Journal (WSJ) reported on Monday.
Bullish, which is run by former New York Stock Exchange (NYSE) President Tom Farley, bought 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal, the Journal said. Financial terms of the deal were not disclosed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CoinDesk will operate as an independent subsidiary of Bullish, Farley said, according to the report. An editorial committee will also be formed, chaired by former Wall Street Journal Editor-in-Chief Matt Murray.
CoinDesk's current management team will remain in place.
More For You
How CertiK rebuilt trust after Huione-related backlash
The cybersecurity firm has "no concrete plans" for an IPO despite reports to the contrary last month.
What to know:
- Despite receiving requests following CEO Ronghui Gu's Davos comments, the firm has no concrete public listing plan — Gu clarified media reports were exaggerated, noting valuation frameworks for web3-native companies remain undefined.
- Gu identified private-key mismanagement, deepfake impersonations, and oracle manipulation as growing threats surpassing traditional smart contract vulnerabilities.
Top Stories
