Barry Silbert’s DCG Acquires Coindesk to Form News, Research & Events Platform
The Digital Currency Group (DCG), the investment vehicle of prominent bitcoin and blockchain technology investor Barry Silbert, has acquired the bitcoin ecosystem’s largest online publication, Coindesk.
The editorial and business teams at Coindesk will merge with DCG’s newly launched events platform, forming a new New York-based subsidiary focused on the curation of news coverage, research, and events.
Rumors over the past year in the bitcoin community suggested that Coindesk had been approached for acquisition by various groups, including Bitcoin Magazine and Mecklermedia, although the latter announced that it was going into liquidation in December 2015.
Coindesk is the newest addition to the DCG group of companies, which includes a large portfolio of bitcoin and blockchain ventures, Genesis Global Trading – an institutional-focused digital currency trading desk, and Grayscale Investments – an asset manager that manages the Bitcoin Investment Trust (Symbol: GBTC).
The web magazine has also unveiled its plans to produce Consensus 2016, its second annual blockchain technology conference, at the New York Marriott Marquis, May 2-4, 2016. Last year, the publication collaborated with Citi Ventures to produce Consensus 2015, which attracted more than 600 attendees.
Barry Silbert, Founder and CEO of Digital Currency Group added:
It has been impressive to watch Coindesk’s evolution over the past two and a half years, and we are committed to investing in new products and people that will further enhance the CoinDesk and Consensus brands.
The Consensus conference will be produced in collaboration with DCG and Coin Center, a research and advocacy center focused on blockchain public policy issues.
According to a spokesperson, speakers at Consensus 2016 will include Jeremy Allaire & Sean Neville (Circle), Blythe Masters (Digital Asset Holdings), Chris Larsen (Ripple), Stephen Pair (BitPay), Chad Cascarilla (itBit), Elizabeth Rossiello (BitPesa), Greg Schvey (TradeBlock), Bill Barhydt (Abra), Marwan Forzley (Align Commerce), Brian Hoffman (OB1), and Eric Jennings (Filament).