CoinDesk and Bullish employees were informed of the changes via a memo on Thursday from Bullish CEO Tom Farley, who said the restructuring was designed to shift CoinDesk’s media, indices and events businesses into a flatter organizational structure. Some CoinDesk functions, such as Human Resources, will now report to their equivalents at Bullish. CoinDesk’s tech and product teams will also be integrated with Bullish, said Farley. Source
South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have manipulated the price of Bitsonic’s native token from January 2019 to May 2021 and set up a paper company to inflate the sales and operating profit of the platform. The report says the exchange recruited…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
“The merger of equals of Hut 8 and US Bitcoin Corp was a transformational moment for both companies,” Hut 8 Chairman Bill Tai said in a statement. “Hut 8 is now at a pivotal inflection point, and we believe that Asher is uniquely qualified to accelerate our path to market leadership.” Source
Grayscale CEO Michael Sonnenshein has called on regulators to greenlight options for spot Bitcoin ETFs. In a statement on Feb. 5, Sonnenshein highlighted the benefits of exchange-traded options for investors, emphasizing its role in price discovery and the potential to help investors manage market conditions more effectively or achieve specific outcomes like generating income. As we look ahead, I think it’s never been more important for the #crypto and ETF communities alike to advocate for the development of a robust listed options market for spot #bitcoin ETFs. Although $GBTC has…
ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, delved into a lengthy discussion about Bitcoin’s historical and most recent price movements in relation to gold. Describing Bitcoin as both a “store of value” and a “risk off asset,” Wood emphasized the cryptocurrency’s notable…
Skybridge Capital CEO Anthony Scaramucci recently predicted that Bitcoin will hit $170,000. Shedding more light on this prediction, Scaramucci stated when this will happen and why he believes this price level is very attainable. When Bitcoin’s Price Will Hit $170,000 In an interview with Scott Melker, Scaramucci stated that Bitcoin’s price will hit $170,000 after the Bitcoin Halving. Specifically, he hinted that the crypto token was going to rise to this price level 18 months after the Halving event. The Skybridge Capital CEO further explained what he was basing his…
HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders. Source BitcoincryptoexchangeExchanges CryptoX Portal
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
In a highly anticipated development, the United States Securities and Exchange Commission (SEC) granted regulatory approval for 11 spot Bitcoin ETFs, sparking excitement within the crypto community. However, despite initial expectations of a significant price surge, the Bitcoin market has experienced an 8% price drop since the ETFs began trading. Bitcoin ETFs To Unfold Impact Over Time? Drawing a comparison with the launch of the first Gold ETF, Cantor Fitzgerald Asset Management CEO, Howard Lutnick, noted that the immediate rush to buy the asset did not materialize. Lutnick remarks that…