How Much Did Bullish Buy Coindesk For?
The all-cash deal, whose financial specifics remain undisclosed, signifies a shift in ownership for CoinDesk, previously under Digital Currency Group since a $500,000 purchase in 2016.
![image Davin](https://image.coinlive.com/24x24/cryptotwits-static/452551d8f69058fb1ac891199d6a7b76.jpeg)
The all-cash deal, whose financial specifics remain undisclosed, signifies a shift in ownership for CoinDesk, previously under Digital Currency Group since a $500,000 purchase in 2016.
CoinDesk is set to reduce its workforce significantly due to the finalization of a major business deal.
Circle laid off some employees this week to strengthen its balance sheet.
The report claims that the tech giant could fire thousands of workers as soon as this week.
The job cuts were spread across at least 12 companies over the course of the 28-day period, according to data compiled by Cointelegraph based on publicly reported layoffs.
Digital Currency Group’s liquidity issues may lead to the sale of CoinDesk and other crypto subsidiaries, raising concerns in the industry.
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Ian and Dylan Macalinao, who used a web of secret identities to juice the value of a Solana DeFi project, are “no longer affiliated with” Protagonist VC, the firm they started said.