A renowned publication CoinDesk has announced today it has completed the process of acquisition by Barry Silbert’s Digital Currency Group.<\/p>\n
“We are excited to announce that CoinDesk has been acquired by Digital Currency Group (DCG), a leader in the bitcoin and blockchain industry and one of CoinDesk’s earliest investors and supporters,”<\/strong> reads the press release.<\/p><\/blockquote>\n
DCG’s Barry Silbert announced the acquisition:<\/p>\n
https:\/\/twitter.com\/barrysilbert\/status\/687304786241286146<\/p>\n
The price remains undisclosed, however Techcrunch’s unnamed source reports $500-600k.<\/p>\n
“DCG’s resources and vision will enable the CoinDesk team to keep pace with those growing needs and continue delivering the top-quality journalism our readers have come to expect,”<\/strong> the publication wrote in the announcement released today.<\/p><\/blockquote>\n
As company’s press release states:<\/p>\n
“The editorial and business teams at CoinDesk will merge with DCG’s new events platform, doubling its size and forming a new New York-based subsidiary focused on providing news coverage, research, and events.”<\/strong><\/p><\/blockquote>\n
According to information on DCG’s site, the group will maintain CoinDesk’s editorial independence.<\/p>\n
CoinDesk has also announced Consensus 2016<\/strong> annual conference on digital currencies and blockchain tech to be held in New York in May.<\/p>\n
Digital Currency Group is among the largest venture investment companies in cryptocurrency-related space. It was founded in October 2015 with investments from a number of known companies like MasterCard and Canadian bank CIBC. DCG’s investment portfolio already includes Genesis Global Trading and Grayscale Investments Trading.<\/p>\n","protected":false},"excerpt":{"rendered":"
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