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In NovemberCoinDesk was acquired by Bullish group, owner of Cryptoo regulated, institutional digital assets exchange.
This would allow investors to buy a product that tracks the price of bitcoin without having to own the cryptocurrency directly, likely appealing to larger institutional investors. What Is Bitcoin? In this article. As good of a year as it's been for the bitcoin bulls, it's been equally painful for the bears. Shortly after Zhao's plea deal, Coinbase CEO Brian Armstrong told CNBC that the news amounted to "a vindication of the long-term strategy that we've taken to focus on compliance, make sure we were building a trusted company.
