Nick Baker

Nick Baker is CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. He owns more than $1,000 of BTC and SOL.

Nick Baker

Latest from Nick Baker


Markets

Bitcoin Miners at a Crossroads: Gain Market Share or Go All-In on AI?

Investors rewarded mining companies that've diversified into AI and high-performance computing.

Bitcoin sculpture made from scrap metal outside the BitCluster mining farm in Norilsk, Russia. (BitCluster)

Finance

U.S. Election Betting: Regulated Presidential Markets Are Live, and Tiny Compared to Polymarket's

With a month to go before Election Day, Kalshi and Interactive Brokers have listed prediction markets on the race for the White House.

MIAMI, FLORIDA - OCTOBER 02:  In this photo illustration, the names of the candidates for the 2024 Presidential election, including Republican presidential nominee, former U.S. President Donald Trump, and Democratic presidential nominee, Vice President Kamala Harris, appear on a vote-by-mail ballot on October 02, 2024 in Miami, Florida. With 33 days to go until election day, voters across the nation have begun to receive their absentee/mail ballots. (Photo illustration by Joe Raedle/Getty Images)

Policy

HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

A new documentary claims to unmask the creator of Bitcoin.

Satoshi Nakamoto published the Bitcoin white paper on Halloween Day in 2008. (Jonathan Borba/Unsplash, modified by CoinDesk)

Finance

Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup

The asset manager said the launch of the spot crypto exchange-traded funds this year has made futures-based crypto products less compelling.

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Finance

Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources

The U.K. financial services regulator issued the payments provider a s166 notice late last year. The inquiry is now closed.

(FCA)

Markets

Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops

Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

Bitcoin price on Oct. 3, 2024 (CoinDesk)

Markets

NFT Mania Is Back? Maybe Not, but a CryptoPunk Just Exchanged Hands for a Record $56.3M

Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing.

CryptoPunk 1563 just sold for a record $56.3 million. (CryptoPunks)

Markets

Binance's Crypto Market Share Sinks to 4-Year Low

While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com's surged over 40%.

(Nikhilesh De/CoinDesk)

Policy

U.S. Election Betting: Kalshi Preps Presidential Prediction Markets After Re-Launching Congressional Contracts

Interactive Brokers' ForecastEx is also preparing presidential and Congressional contracts following the latest court defeat for the CFTC.

DOYLESTOWN, PENNSYLVANIA - SEPTEMBER 30: A locked ballot box is pictured at the Board of Elections office on September 30, 2024 in Doylestown, Pennsylvania. Absentee and mail-in ballot processing begins in Pennsylvania at 7am on Election Day according to the National Conference of State Legislatures. (Photo by Hannah Beier/Getty Images)

Finance

Bitwise Makes XRP ETF Plans Official With SEC Filing

The asset manager's S-1 comes a day after it registered a trust entity with the state of Delaware.

Bitwise submitted an S-1 form to the SEC, a step forward for its dogecoin ETF plans. (CoinDesk)