Home Finance News BTC Price Holds at $71K as GBTC Outflows Increase Again

BTC Price Holds at $71K as GBTC Outflows Increase Again

BTC Price Holds at $71K as GBTC Outflows Increase Again

CoinDesk, an award-winning media outlet covering the cryptocurrency industry, recently underwent changes following its acquisition by the Bullish group, majority-owned by Block.one. This acquisition took place in November 2023, marking a significant shift in ownership for CoinDesk. Despite the change in ownership, CoinDesk continues to operate as an independent subsidiary with its own editorial committee to safeguard journalistic independence. Employees, including journalists, may receive options in the Bullish group as part of their compensation package.

The acquisition by the Bullish group, a regulated digital assets exchange, brings together two companies with a stake in various blockchain and digital asset businesses. Both companies have significant holdings of digital assets, including bitcoin, showcasing their commitment to the cryptocurrency ecosystem. CoinDesk’s journalists adhere to a strict set of editorial policies, ensuring high-quality and unbiased coverage of the evolving cryptocurrency landscape. This acquisition further solidifies CoinDesk’s position as a leading source of news and information in the blockchain industry.

Moving forward, the partnership between CoinDesk and the Bullish group will likely lead to expanded coverage and in-depth analysis of the cryptocurrency market. With the backing of a major player in the digital asset exchange space, CoinDesk is well-positioned to continue delivering timely and reliable news to its readers. The acquisition signals a new chapter for CoinDesk, one that promises growth and innovation in its reporting on blockchain technology and digital currencies.

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