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

S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking

USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat, the rating agency says.

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Markets

Argentina's Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%

The government's official rate is now 800 pesos to the dollar versus roughly 400 previously.

(Photo by Marcos Brindicci/Getty Images)

Markets

Donald Trump Unveils New 'Mugshot' NFTs, Stirring Up Prices for His Previous NFTs

Buy enough of them and you can get a piece of the suit the former U.S. president wore when he arrested in August.

Trump Digital Trading Cards: MugShot Edition (CollectTrumpCards.com)

Finance

BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.

BlackRock HQ

Policy

Crypto Provisions Dropped From 2023 U.S. Defense Bill

The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.

(JamesDeMers/Pixabay)

Markets

Jito's Token Launch Pushed Competitor Marinade's MNDE to All-Time Highs

Marinade's market cap is dwarfed by Jito, though, despite being a bigger crypto ecosystem.

cartoon of Marinade Finance's logo

Finance

Bitcoin Halving Is Poised to Unleash Darwinism on Miners

Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.

Bitcoin miners will likely see a wave of M&A as halving approaches. (nikko macaspac/Unsplash)

Finance

Solana Protocol Kamino Eyes Airdrop Following Jito Token Launch

Solana's SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem's on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino.

Solana party in Lisbon (Danny Nelson/CoinDesk)

Policy

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Do Kwon, whose TerraUSD and Luna tokens collapsed in 2022, fueling the crypto winter (Terra)

Finance

Robinhood Broadens Crypto Service to Europe, Notes Region's Digital Asset Regulation

The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region's comprehensive rules.

Robinhood app on a smartphone (Shutterstock)