Former NYSE President Acquires CoinDesk, Adding to Barry Silbert's Crypto Empire

Former NYSE president Tom Farley's digital asset exchange, Bullish, has acquired crypto news site CoinDesk from Barry Silbert's Digital Currency Group (DCG). The purchase comes after months of speculation and failed purchase agreements for CoinDesk. The terms of the all-cash deal have not been disclosed. CoinDesk will operate as an independent subsidiary of Bullish, with the existing management team remaining in place. An editorial committee, led by former Wall Street Journal editor-in-chief Matt Murray, will be established to protect the publication's autonomy. This acquisition is seen as another setback for Silbert's crypto empire, which has faced challenges and legal issues in recent months.