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


Policy

SEC Drops Investigation of Bitcoin L2 Stacks and Builder Hiro, Filing Says

The conclusion of the probe into Hiro, formerly known as Blockstack, which raised $70 million via token sales from 2017 to 2019, is another win for the crypto industry in its years-long struggle with the regulator.

Muneeb Ali, CEO, Trust Machines, and Kyle Rojas, Global BD and Partnerships, Edge & Node / The Graph

Markets

Biden Overtakes VP Harris as Likeliest Dem Nominee on Polymarket During President's Press Conference (Update)

The president said he plans to stay in the race but "it's important that I allay fears."

The first portrait of Joe Biden as president of the United States, 2021. (The White House)

Finance

OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources

OKX previously said in May 2023 that France would be its preferred European hub. "Compliance in Malta is way more lenient," said a person with direct knowledge of OKX's EU regulatory efforts.

Malta (Nick Fewings / Unsplash)

Markets

Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside

A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbling together.

Bitcoin price on July 11 (CoinDesk)

Finance

Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO

The company, which bought all of bankrupt lender Celsius' mining assets, said new CFO John Penver has over 18 years of data center technology and infrastructure experience.

Ionic's CEO Matt Prusak (Ionic Digital)

Markets

Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts

The market will have to absorb $4 billion to $7 billion of bitcoin selling pressure throughout the middle of the year, which will weigh on prices, K33 Research said.

Bitcoin (BTC) price on July 9 (CoinDesk)

News Analysis

It's Not Germany Selling Bitcoin. It's One of Its States and It Has No Choice.

Since confiscating nearly $3 billion worth of bitcoin in January, Germany's state of Saxony has sold over half of its initial holdings, causing distress in the market.

Saxony, Leipzig (Harald Nachtmann/Getty Images)

Policy

Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year

The duo pled guilty to criminal fraud charges and testified against their former boss, Sam Bankman-Fried, last year.

Gary Wang (left) and Nishad Singh both pleaded guilty to criminal charges and testified against their former boss and friend, FTX founder Sam Bankman-Fried. (Victor Chen, Nikhilesh De, modified by CoinDesk)

Markets

Biden's Odds on Polymarket Little Changed After ABC TV Interview

The president's chances of reelection languished at 11% and his probability of dropping out lingered around 64%, according to traders on the crypto-based prediction market platform.

MADISON, WISONSIN - JULY 05: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout photo provided by ABC, U.S. President Joe Biden speaks with 'This Week' anchor George Stephanopoulos on July 05, 2024 in Madison, Wisconsin. The president sat down with Stephanopoulos while on the campaign trail in Wisconsin, a few days after a debate with former President Donald Trump. (Photo by ABC via Getty Images)