Barry Silbert’s Digital Currency Group Acquires CoinDesk

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by Tatsiana Yablonskaya · 3 min read
Barry Silbert’s Digital Currency Group Acquires CoinDesk
Photo: Coindesk/Flickr

Together the teams will start a new New York-based subsidiary with focus on reliable industry news coverage.

Digital Currency Group (DCG) has expanded its team and acquired CoinDesk, leading Bitcoin and blockchain media and events company.

DCG officially confirmed the news saying that CoinDesk has become the newest addition to its group of companies, which now includes leading bitcoin and blockchain ventures, Genesis Global Trading, an institutional-focused digital currency trading desk, and Grayscale Investments, an asset manager of the Bitcoin Investment Trust.

By the way, it was DCG that became one of the first investors in CoinDesk when it started in 2013. Barry Silbert, DCG’s founder and chief executive officer, says: “It has been impressive to watch CoinDesk’s evolution over the past 2-1/2 years. We have watched the publication grow and establish itself as a leading source of journalism in the industry. In addition, they’ve done a phenomenal job of branching out into new areas like research and events. We are committed to investing in new products and people that will further enhance the CoinDesk and Consensus brands.”

CoinDesk’s team will join DCG’s newly launched events platform and together they will start a new New York-based subsidiary. It will cover reliable industry news, conduct in-depth researches and high-quality events. The team will work under the management of Ryan Selkis, DCG’s director of growth.

CoinDesk has always been a reliable source of digital news. In this way the acquisition correlates to the overall strategy of DCG to bring awareness of digital currency and blockchain tech to mainstream consciousness.

DCG’s management unveils that once it struck upon the idea of taking a more meaningful stake in the CoinDesk business, it immediately appreciate future great opportunities for both teams.

CoinDesk used to connect entrepreneurs, technologists, institutions involved in the blockchain industry as one of the most well-balanced coverages of blockchain’s most relevant daily news. It cited Bitcoin Price Index and data tools as well as its tutorials and research products, including the quarterly “State of Bitcoin” report.

“CoinDesk’s reputation as the industry’s leading content platform makes it a key strategic asset for DCG and our global portfolio of blockchain investments,” said Ryan Selkis.

CoinDesk has also just announced Consensus 2016, its second annual blockchain technology conference. It will take place at the New York Marriott Marquis on May 2-4, 2016. The tradition of annual conferences started last year when CoinDesk partnered with Citi Ventures to conduct the 2015’s largest blockchain event, Consensus 2015. 600 specialists from many of Wall Street’s largest institutions attended it to impart knowledge and experience.

Consensus 2016 will be arranged in collaboration with Coin Center, the industry’s leading research and advocacy center focused on blockchain public policy issues. The conference will focus on startups and institutions and their role in creation of real-world applications in such areas as payments, banking, device security, identity, and smart contracts.

The event will bring together such speakers as Jeremy Allaire & Sean Neville (Circle), Stephen Pair (BitPay), Chris Larsen (Ripple Labs), Elizabeth Rossiello (BitPesa), Greg Schvey (TradeBlock), Bill Barhydt (Abra), Marwan Forzley (Align Commerce), Brian Hoffman (OB1), and Eric Jennings (Filament).

Registration for Consensus 2016 is already available. CoinDesk offers a 50% discount for those who will register through to January 31.

Bitcoin News, Blockchain News, Cryptocurrency News, News
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