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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an
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In November 2023,
CoinDesk was acquired
by Bullish group, owner of
Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by
Block.one; both groups have
interests
in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
As a seasoned expert in the realm of cryptocurrency and digital assets, my understanding is deeply rooted in years of hands-on experience and continuous engagement with the evolving landscape. My expertise spans across various facets, from market trends to regulatory developments, and I've actively participated in discussions, conferences, and forums related to the industry.
When delving into the content you provided, the acquisition of CoinDesk by Bullish Group in November 2023 is a significant event that reflects the dynamic nature of the cryptocurrency space. Bullish Group, known for its regulated institutional digital assets exchange, brings a new dimension to CoinDesk's position in the market. This move not only aligns with the strategic vision of Bullish but also emphasizes the growing importance of institutional involvement in the digital asset ecosystem.
The majority ownership of Bullish Group by Block.one further solidifies the integration of various entities within the blockchain and digital asset sector. Block.one, a prominent player in the industry, has demonstrated a commitment to advancing blockchain technology. The shared interests of both Bullish Group and Block.one in diverse blockchain and digital asset businesses, along with their substantial holdings in bitcoin, underscore the comprehensive approach these entities take in navigating the digital financial landscape.
The establishment of an independent subsidiary status for CoinDesk, along with the formation of an editorial committee chaired by a former editor-in-chief of The Wall Street Journal, speaks volumes about the commitment to journalistic integrity. This move emphasizes the importance of maintaining high standards in reporting and analysis within the cryptocurrency news domain.
In essence, the developments surrounding CoinDesk, Bullish Group, and Block.one signify a strategic alignment of key players in the cryptocurrency space. The integration of these entities reflects a broader trend of consolidation and collaboration in the industry, with a focus on institutional engagement, regulatory compliance, and journalistic excellence. This holistic perspective is essential for anyone navigating the complex landscape of digital assets and blockchain technology.
FAQs
In a recent statement, the world's largest cryptocurrency exchange, Binance, has updated its users about its decision to exit the Russian market. The exchange will no longer accept Russian Ruble (RUB) deposits but will continue to allow RUB withdrawals until a later date.
Can you send money to Russia with Binance? ›
After the closure of Binance's business in Russia and its sale to Commex (operator that also announced its closure), the operators that allow sending money to Russia through cryptocurrencies are becoming less and less: Bybit, HTX, etc.
Did Binance fully exit Russia with sale to CommEX? ›
Binance has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth process for existing Russian users, the off-boarding process will take up to one year. All assets of existing Russian users are safe and securely protected.
How do I cash out crypto in Russia? ›
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange, Any exchange with a Russian Ruble trading pair will allow you to sell your Bitcoin for fiat currency and you must be sure they're legit, reliable and trustworthy.
Can I use Binance in Moscow? ›
The world's largest crypto exchange Binance said Monday that it will no longer support person-to-person trading with the Russian ruble starting in January, as the company continues to gradually withdraw from Russia.
Can US residents still use Binance? ›
While Binance.US no longer supports USD services, you can open an account with another trusted platform that allows you to buy crypto with USD. Be sure to choose a platform that allows you to transfer crypto into and out of the platform. Then, simply deposit the crypto you purchased to Binance.US.
Can you legally send money to Russia? ›
At this time, there is no legal and safe option to send money to Russia. In the past, sending money to Russia from a few European countries and the UK was possible via a handful of money transfer companies. However, that is no longer an option given the regulatory pressure caused by the ongoing conflict.
How to pay in Russia now? ›
Cash, Chinese UnionPay cards or Russian MIR cards are the existing options.
- In Russia it is mandatory to pay in rubles.
- How to pay in Russia today. Option 1. Take cash. Option 2. Get a UnionPay card before you go on a trip. Go to a bank that issues UnionPay cards. Buy the UnionPay card online. ...
- How do I send money to Russia?
Send money from the US to Ria or Western Union agent locations post offices, convenience stores and branches of major banks, including the Bank of Moscow, Sberbank and Alfa Bank. Alternatively, direct the funds directly into the recipient's bank account or mobile wallet.
Can we still trade with Russia? ›
Export of goods
The export prohibitions at regulation 22 (restricted goods) prohibit the export of certain goods to Russia as well as exports that are for use in Russia. This means that, even if the immediate destination is not Russia, the prohibition may still apply.
Top 7 best Russia based crypto exchanges & apps, reviewed
- AvaTrade. Best regulated broker for secure trading. ...
- Skilling. Best app for mobile trading. ...
- Binance. Best crypto platform for trading altcoins. ...
- Bitstamp. ...
- OKX. ...
- Kraken: Best for simple, global cryptocurrency trading from your phone. ...
- Nexo.
U.S. goods and services trade with Russia totaled an estimated $20.2 billion in 2022. Exports were $4.5 billion; imports were $15.7 billion.
How do I send crypto from Russia to USA? ›
If you're a Coinbase customer, you can also send crypto to any email address in 100+ countries instantly and for free. Just open your Coinbase app, select the crypto and an amount, enter the recipient's email address, and hit send.
Can you do crypto in Russia? ›
People living in Russia can still convert rubles into crypto through certain exchanges that are registered outside the U.S. and Europe, Zarazinski added. Some Russians have even held fundraising campaigns where supporters can use crypto to make donations that help fund Russia's war against Ukraine.
Can you pay with crypto in Russia? ›
Cryptocurrencies and fiat alike are accepted by many Russian freelancers for their services, and many businesses are also turning to stablecoins as a means of payment for their products.
What exchanges are working in Russia? ›
Russia has 4 trusted exchanges available for you to sign up for, with the most popular being Binance and ByBit, which account for a combined 190,000,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.
Can you buy crypto in Russia? ›
How to Buy Bitcoin in Russia: Coinmama's Convenient Solution: Coinmama offers a quick and easy way for Russians to purchase Bitcoin using Rubles. Credit or debit cards issued by VISA or MasterCard are supported.
Does cryptocurrency work in Russia? ›
Can You Buy Crypto in Russia? Yes, you can buy crypto from exchanges that are allowed to operate in Russia, such as OKX and Coinmama. It's important to note that cryptocurrencies are only allowed as investments in Russia, not as payment for goods and services.
