Chinese news agency Marsbit announced its intention to buy out CoinDesk

- Article Top Advertisement -

Backed by exchanges Binance, Huobi and OKX, Chinese media Marsbit has announced its readiness to buy out competing publication CoinDesk.

- Article Inline Advertisement 1-

Wang Feng, founder of China’s Marsbit news agency, shared his intentions on Twitter. The head of Marsbit assured that he was ready to cooperate with any investment funds or companies interested in a partnership to acquire one of the largest crypto publications on the planet.

“I believe in the future of the crypto industry and I am ready to provide services in the most efficient way, regardless of whether we are talking about trade or the media,” wrote
Van on Twitter.

Faced with a liquidity crunch, Digital Currency Group (DCG) is considering selling popular news outlet CoinDesk, which is valued at around $200 million, according to The Wall Street Journal.

- Advertisement -

On Thursday, January 19, another DCG subsidiary, crypto lender Genesis, filed for bankruptcy. The company defaulted on debt obligations to 100,000 creditors. The top 50 investors account for more than $3.6 billion. Preliminarily, the company’s total debt is approaching $11 billion.

Source: Bits

- Article Bottom Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles