CoinDesk's mission is to chronicle the blockchain movement and create a forum for critical discussions among those building a more productive and inclusive digital economy.
We maintain principles of fairness, accuracy, objectivity and responsible reporting. We uphold principles of excellence in reporting original news and in reviewing and corroborating information from other sources.
The editorial team will cover news with objectivity and integrity, without influence of the publisher or its owners and investors. CoinDesk does not accept payment in return for news articles, features or product reviews.
We accept payment for the publication of press releases within the CoinDeskPR section of the site. We strive to ensure press releases are clearly marked and adequately labeled.
All editorial team members and writers for CoinDesk disclose investments and activities associated with digital currency.
The following FAQs are intended to provide additional clarity on CoinDesk, its leadership and the investments of its owners.
Included are answers to common questions about the activities of CoinDesk and its owners with respect to the digital currency and blockchain-based asset markets.
Who Owns CoinDesk?
CoinDesk is a subsidiary of Digital Currency Group.
Who Founded CoinDesk?
CoinDesk was started in 2013 by investor and Student.com co-founder Shakil Khan. The company received an undisclosed round of venture funding later that year.
CoinDesk was acquired by Digital Currency Group in January 2016 for an undisclosed amount.
What is Digital Currency Group?
Digital Currency Group (DCG) owns and operates bitcoin brokerage firm, Genesis Trading, and asset management firm Grayscale Investments, which manages the public bitcoin investment vehicle, the Bitcoin Investment Trust.
In addition, DCG has invested in more than 75 companies, including many in the bitcoin and blockchain industries. A full list of DCG’s portfolio of investments is publicly available here.
DCG was founded by SecondMarket founder Barry Silbert, an investor in open-source cryptographic protocols including bitcoin and ethereum classic.
What is the Relationship Between DCG and CoinDesk?
CoinDesk is a subsidiary of Digital Currency Group, but operates as an independent entity.
CoinDesk and DCG conduct their businesses from separate offices, and no members of DCG have oversight or influence on editorial operations.
When reporting on DCG, its subsidiaries or any firms in which DCG has an ownership stake, CoinDesk adds a disclosure to its reports.
DCG currently does not publicly disclose its digital currency investment strategy, nor is the CoinDesk editorial team privy to details regarding DCG’s digital currency holdings. To the extent those holdings become publicly available, we will add disclosures to our articles which refer to investments in whatever specific digital currencies are held by DCG.
Do CoinDesk Employees Own or Trade Digital Currencies?
CoinDesk employees are not restricted from owning or investing in digital currencies or blockchain-based projects as investments.
However, CoinDesk has disclosure guidelines that all contributors must follow when reporting on digital currencies or tokens in which they are invested.
- Contributors who write about projects or startups in which they have invested must disclose those investments in their user bios, which can be accessed freely by clicking on their byline.
- CoinDesk contributors may use, purchase or handle digital currencies in conjunction with researching or reporting on a story. Any funds generated in the process of researching an article must be disclosed at the bottom of that article.
- CoinDesk contributors who own digital currencies or tokens in material amounts (defined as more than $500) are required to disclose this information in their user bios.
Does CoinDesk Endorse Any Digital Currencies?
CoinDesk does not take positions on the economic value on any given digital currency or blockchain project.
How Does CoinDesk Make Money?
CoinDesk earns money through events, research and advertising.
The company does not trade or invest in digital currency markets. The company does not own or hold positions in any digital currencies, nor is it active in any digital currency markets.
CoinDesk accepts payment in bitcoin across its product lines. However, we work with bitcoin payment processors to instantly convert those funds to US dollars.
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