Summary
TLDR: CoinDesk is a media outlet that covers the cryptocurrency industry and was acquired by the Bullish group in November 2023. CoinDesk operates independently with an editorial committee to maintain journalistic independence and offers stock options to employees as part of their compensation.
Key Points
1. CoinDesk was acquired by the Bullish group in November 2023.
2. The Bullish group is majority-owned by Block.one and both companies have interests in a variety of blockchain and digital asset businesses, as well as significant holdings of digital assets, including bitcoin.
3. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence, and offers stock options in the Bullish group as part of compensation to employees above a certain salary threshold.