The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity.
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Category: CoinDesk
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Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy
According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This news follows a report from Semafor at the end of November 2022 stating that […]Powered by WPeMatico
CoinDesk could be up for grabs as parent company DCG scrambles for funds
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment.
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Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail […]Powered by WPeMatico
Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda
On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block executive Michael McCaffrey received $16 million in […]Powered by WPeMatico
‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators
Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming […]Powered by WPeMatico
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly the company’s management has been arguing with its lawyers over whether or not […]Powered by WPeMatico
After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal
CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms.
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Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency.
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Independent Report Declares News.Bitcoin.com the Top Crypto News Site
A new research report from BTC Peers has ranked 145 crypto news websites for quality. It analyzes scores of benchmarks including average visit duration, bounce rate, and number of backlinks. The report features the usual suspects in its top 10, including Coindesk at number three and Cointelegraph at two. Top of the list, however, is […]
The post Independent Report Declares News.Bitcoin.com the Top Crypto News Site appeared first on Bitcoin News.
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