The former FTX executive, who told regulators about wrongdoing at the exchange and was a big Republican donor, has“Our profile has been raised tremendously,” Mr. Baker said, noting that major legacy media outlets have cited the publication.
At the same time, the collapse of FTX exposed some of the ties between the crypto industry and the publications dedicated to covering it. In December,that The Block, which covers the industry, received undisclosed funding from Mr. Bankman-Fried, including a $16 million loan from Alameda that was used in part to finance an apartment in the Bahamas for Michael McCaffrey, The Block’s chief executive. The funding from Mr. Bankman-Fried raised questions about The Block’s reporting on FTX. Mr.
Mr. Casey said crypto companies’ marketing budgets were hurt by the financial decline in the industry. He also said the next Consensus was likely to be smaller than it was last year because of less sponsorship money.. CoinDesk declined to provide details on its finances, or about any possible offers.
Mr. Casey said the company was committed to building a lasting media business covering the industry. “My view about crypto is that it’s just not going away no matter what anybody might wish,” he said., the charges from federal regulators against Genesis, and a running dispute between Barry Silbert, the chief executive of DCG, and Cameron Winklevoss, a co-founder of Gemini.
“The crypto winter obviously affects a media platform like CoinDesk,” Mr. Allison, the reporter with the big FTX scoop, said, referring to the huge slowdown in the crypto industry. “But my hope is we can continue to build out the team and bring in-depth independent reporting to crypto.”
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mikejcasey nytimes Duh, you can’t stop addiction. Dopamine is one hell of a drug.