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☆ Barry Silbert's crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk
▼ + stars: | 2023-11-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

After months on the market, crypto news site CoinDesk has finally been acquired by a business that's run by the former president of the New York Stock Exchange. Bullish, a digital asset exchange led by ex-NYSE chief Tom Farley, has purchased CoinDesk from Barry Silbert's Digital Currency Group. It's the latest sign that Silbert's crypto empire, which had vaulted its founder into the billionaire ranks, continues to fall apart. In July, however, a $125 million purchase agreement from a consortium of investors fell through. In August, CoinDesk reportedly laid off around 16% of its staff.

Persons: CoinDesk, Tom Farley, Barry, Farley, Bullish, Silbert, Michael Casey Organizations: New York Stock Exchange, ex, NYSE, Barry Silbert's Digital Currency, Wall Street Journal, Lazard, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX co-founder Gary Wang set to wrap up testimony in SBF trial: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nikhilesh De, CoinDesk's managing editor for global policy and regulation, weighs in on the SBF trial and the testimony heard so far.

Persons: Gary Wang, explainers, Nikhilesh, CoinDesk's Organizations: CNBC Crypto, CNBC

☆ The issue with crypto regulation is 'the lack of clarity', says Coindesk's Emily Parker
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe issue with crypto regulation is 'the lack of clarity', says Coindesk's Emily ParkerEmily Parker, Coindesk executive director of global content, joins 'Squawk Box' to discuss the state of crypto in the U.S., why she thinks other foreign countries are now rolling out the welcome mat for crypto, and more.

Persons: Emily Parker Emily Parker Locations: U.S

☆ Justin Bieber's Bored Ape NFT was valued at $1.3 million in 2022—now it's only worth around $60,000
▼ + stars: | 2023-07-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

But today, prices for Bored Ape Yacht Club NFTs, one of the most popular collections, has crashed to a two-year low. Take one Bored Ape NFT owned by Justin Bieber, for example: It has declined in value by about 95% over the past year and a half. In January 2022, the Grammy award-winning music artist entered the world of NFTs by allegedly dropping 500 ETH (around $1.3 million at the time) on Bored Ape #3001, an NFT belonging to Yuga Labs' Bored Ape Yacht Club (BAYC) collection. But as of July 2023, Bieber's Bored Ape is only worth around $59,000, according to Bitcoinist. Basketball star Stephen Curry purchased Bored Ape #7990 for 55 ETH (nearly $180,000 at the time) on Aug. 28, 2021.

Persons: Justin Bieber, Stephen Curry, Madonna, It's, Bieber, Curry, DappRadar's, Warren Buffett Organizations: Labs, ETH, Los Angeles Times Locations: That's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin crosses $31,000, and Supreme Court rules in favor of Coinbase in dispute: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Michael Casey, CoinDesk's chief content officer, breaks down the findings of an 83-page report outlining the most pressing challenges in crypto.

Persons: explainers, Michael Casey Organizations: CNBC Crypto, CNBC

☆ Crypto could still live overseas after SEC crackdown in U.S., says CoinDesk's Emily Parker
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto could still live overseas after SEC crackdown in U.S., says CoinDesk's Emily ParkerEmily Parker, CoinDesk Executive Director of Global Content, joins CNBC's "The Exchange" to discuss the crypto crackdown coming from the SEC and what it means for Coinbase and digital assets.

☆ FTX execs gave campaign cash to 37% of Congress, including House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer, report says
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

CoinDesk reported Wednesday that FTX execs, including Sam Bankman-Fried, gave campaign funds to 196 members of Congress. Among those named in the report include Kevin McCarthy, Chuck Schumer, and some lawmakers who were just sworn in this month. California Representative Lou Correa, for example, took a $2,900 donation directly from Bankman-Fried, CoinDesk found, although he said the two had never met or spoken. Some of the political campaigns told CoinDesk they have talked to FTX's bankruptcy team regarding what to do with the funds. Meanwhile, of the 196 members of Congress who accepted funds from former FTX executives, 73% did not respond to CoinDesk's' requests for comment.

☆ Anthony Scaramucci compared Sam Bankman-Fried to Bernie Madoff, and alluded to Dante's 'Inferno' as he discussed the FTX founder's downfall
▼ + stars: | 2023-01-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Anthony Scaramucci spoke about his relationship with Sam Bankman-Fried at a Davos crypto panel. Scaramucci alluded to the circles of hell in Dante's "Divine Comedy" and compared SBF to Bernie Madoff. FTX bought 30% of SkyBridge Capital for $45 million in September 2022. The Financial Times reported that SkyBridge Capital also bought $10 million of FTX's cryptocurrency, FTT, as part of the deal's requirements. "I made a mistake being involved with Sam," Scaramucci said.

☆ The DOJ is investigating whether 2 crypto developer brothers used 11 fake identities to triple-count deposits, report says
▼ + stars: | 2023-01-12 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The DOJ is investigating two brothers behind a solana stablecoin exchange over alleged fraud, CoinDesk reported. The Macalinao brothers reportedly crafted 11 fake identities to triple-count crypto deposits to create a fake De-Fi ecosystem. The crypto industry is under heavy scrutiny following the collapse of Sam Bankman-Fried's FTX exchange. The investigation follows CoinDesk's earlier exposé in August which revealed the Macalinao brothers crafted a fake decentralized finance ecosystem by passing the triple-counted deposits between themselves. "The metric to optimize for in Summer 2021 was [total value locked (TVL)]" Ian Macalinao wrote in an unpublished blog discovered by CoinDesk.

☆ How FTX's implosion put crypto news sites like CoinDesk, The Block, and Decrypt in the spotlight as they work to fend off an ad slump and conspiracy theories about their coverage
▼ + stars: | 2022-11-24 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +15 min

Crypto news sites like CoinDesk, The Block, and Decrypt have dominated coverage of the FTX implosion. Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. "We cover the good, the bad and the ugly," Dan Roberts, the editor-in-chief of Decrypt, told Insider. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet.

☆ CoinDesk's chief content officer breaks down crypto media's advertising challenges and how he's steering the site through by exploring opportunities in NFTs and Web3
▼ + stars: | 2022-11-23 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

The incident has led to stress on other crypto companies, including one owned by CoinDesk's parent company. It's all unfolding as media companies fend off cuts and layoffs and an industry-wide slump in advertising revenue, which has seen big crypto companies like Grayscale, Binance, and Coinbase slash their advertising budgets. In an email to Insider, Casey reiterated that the incident does not impact CoinDesk's business. Are you a crypto or media insider with insight to share? Disclosure: Axel Springer is Insider's parent company.

☆ The story of Sam Bankman-Fried's FTX implosion put crypto news sites like CoinDesk and The Block on the map. Inside their plan to fend off an ad slump and conspiracy theories — and keep winning.
▼ + stars: | 2022-11-21 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +14 min

Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. Crypto media kicks into overdriveRoberts said Decrypt's traffic doubled during the first week of the FTX saga. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet. "It's now a situation where the crypto media has egg on their face.

☆ FTX's crypto empire was reportedly run by a bunch of roommates in the Bahamas who dated each other, according to the news site that helped trigger the company's sudden collapse
▼ + stars: | 2022-11-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

On Thursday, CoinDesk unearthed more secrets about the inner workings of Bankman-Fried's crypto empire, including the untraditional makeup of his inner circle. Those sources told CoinDesk that both operations were run by Bankman-Fried's inner circle of 10 roommates. Among the named members of Bankman-Fried's inner circle were Caroline Ellison, Alameda's current CEO. Some employees outside Bankman-Fried's inner circle noted that they were shocked by the events of the past week. "Some employees kept their life savings on FTX," an anonymous source told CoinDesk.

☆ How Binance's plan to buy FTX unfolded in a matter of days
▼ + stars: | 2022-11-08 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

Here are the key developments in the longstanding relationship between Binance and FTX:* December 2019: Binance invested an undisclosed amount in FTX, which was then a derivatives exchange, CoinDesk reported. As part of that exit, Binance received the equivalent of $2.1 billion in Binance's stablecoin and FTT, according to Binance CEO Changpeng Zhao. loading* Nov. 2: Crypto news website CoinDesk reported on a leaked balance sheet from Alameda Research, FTX CEO Sam Bankman-Fried's crypto trading firm, which maintains close ties with FTX. * According to CoinDesk's report, $3.66 billion of Alameda's $14.6 billion in assets are held in “unlocked” FTT. The firm has more than $10 billion in assets that are not reflected in the CoinDesk report, she said.

☆ Binance strikes acquisition deal for non-U.S. unit of FTX
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance strikes acquisition deal for non-U.S. unit of FTXCoinDesk's Emily Parker joins 'The Exchange' to discuss the controversy around Sam Bankman-Fried's balance sheet, the FTX and Binance deal and the lack of transparency in the crypto sector.

loading"A competitor is trying to go after us with false rumors," FTX's Bankman-Fried said in a series of tweets on Monday. According to CoinDesk's report, much of Alameda's $14.6 billion in assets are held in FTX's token, which is called FTT. Reuters was unable to independently verify the accuracy of the report or the origin of the leaked balance sheet. Since the CoinDesk report on Nov. 2, FTX's token has shed around $400 million from its market cap as traders sold the token. With a market cap of around $3 billion, FTX's token ranks as the 28th largest cryptocurrency, according to CoinGecko.

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