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Bittime - CoinDesk has been purchased by Bullish, a crypto exchange backed by billionaire Peter Thiel and several other investors. This caused massive changes to occur in the media. This acquisition is reported to be worth around 500 million US dollars, or around Rp. 7.2 trillion.
With CoinDesk joining Bullish, the media will gain access to greater resources and technology to grow its business. CoinDesk will also continue to operate independently and maintain its editorial integrity. However, there are some changes taking place within CoinDesk's leadership and team.
One of the most notable changes is the change in CEO of CoinDesk. Kevin Worth, who has led CoinDesk since 2017, will be replaced by Zack Seward, who previously served as Chief Product Officer. Worth will remain an advisor to CoinDesk and Bullish.
Seward is an experienced journalist who has worked at Quartz, the Wall Street Journal, and the Philadelphia Inquirer. He joined CoinDesk in 2018 as Managing Editor, and was promoted to Chief Product Officer in 2020.
Seward said that he will focus on three main things as the new CEO of CoinDesk, namely:
- Increase the quality and quantity of content presented by CoinDesk, whether in the form of articles, videos, podcasts, newsletters or events.
- Build a larger and more engaged community with CoinDesk, whether through social media platforms, mobile applications, or other products.
- Creating a better and easier experience for CoinDesk readers and users, both in terms of access, navigation, personalization and monetization.
Apart from Seward, there are several other names joining the CoinDesk team, including:
Spencer Kimball
Kimball becomes Chief Technology Officer. He is the founder and CEO of Cockroach Labs, a company developing disaster-resilient cloud databases. Kimball will be responsible for developing CoinDesk's technology infrastructure and products.
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Emily Parker
Emily becomes Chief Strategy Officer. Parker is the founder and CEO of LongHash, a platform that provides data and analysis about blockchain and crypto.
Parker is also a former journalist for the Wall Street Journal and New York Times. Parker will be responsible for formulating CoinDesk's business and growth strategy.
Joon Ian Wong
Wong became Chief Content Officer. Wong is the former Managing Director of CoinDesk Europe and Asia, and also a former journalist for Quartz and Reuters.
Wong will be responsible for overseeing CoinDesk's content production and distribution.
This change at CoinDesk occurs amidst the increasingly rapid and dynamic development of the crypto industry. CoinDesk, founded in 2013, has become one of the most influential and trusted media in this field.
CoinDesk is also known as the organizer of the annual Consensus event, which is one of the largest crypto conferences in the world.
Bullish, which bought CoinDesk, is a new crypto exchange launched in May 2021. Bullish claims to be a new generation crypto exchange that combines features of traditional exchanges and decentralized exchanges. Bullish also claims to have sophisticated and safe technology, as well as high liquidity.
Bullish is supported by several large investors, such as Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital, and Nomura. Bullish also plans to take the floor on the New York stock exchange through a SPAC (special purpose acquisition company) process at the end of this year.
Bullish is expected to become a competitor to other crypto exchanges, such as Coinbase, Binance, and Kraken.
By joining CoinDesk and Bullish, it is hoped that positive synergy can be created for both parties. CoinDesk can leverage Bullish's resources and technology to enhance its performance and credibility as a leading crypto medium.
Bulls can leverage CoinDesk's network and audience to expand its market and influence as a new crypto exchange.
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Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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Get to know the term Moon in Crypto
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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