CoinDesk was acquired by Barry Silbert's DCG. The new subsidiary will continue the three existing offerings: the trade publication covering virtual currency and blockchain news; industry research reports, cryptocurrency 2.0, and banks and the blockchain; and events, such as Consensus.
DCG, one of the most active investors in Bitcoin startups, first invested in CoinDesk two years ago. “We’ve 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,” said Ryan Selkis, DCG’s director of growth, adding that in 2015, the innovation arm of a leading financial institution, Citi Ventures sponsored CoinDesk’s conference, Consensus. The acquisition “aligns with with our overall strategy to bring awareness of digital currency and blockchain tech to mainstream consciousness,” said Selkis, who will head up what will become a new DCG subsidiary named CoinDesk.