CoinDesk, owned by Barry Silbert’s blockchain venture investment firm Digital Currency Group (DCG) , has announced that outgoing American Banker editor-in-chief Marc Hochstein has joined the firm. A 17-year veteran of SourceMedia, Hochstein will now serve as CoinDesk’s first managing editor.
At American Banker, Hochstein was responsible for some of the earliest mainstream coverage of Bitcoin and the innovations it spawned. His March 2014 feature article “Why Bitcoin Matters for Bankers” won a regional award from the American Society of Business Publishers and Editors and was a Neal award finalist.
“I am honored and thrilled to join CoinDesk to build on the brand’s successes and take the platform to the next level,” Hochstein said. “Bitcoin, cryptocurrency and distributed ledger technology represent a fascinating new market with staggering long-term implications for the future of digital commerce, and CoinDesk has set the standard for editorial quality, sophistication and integrity in covering this rapidly evolving space.”
“With Marc’s expansive industry expertise, CoinDesk is poised to enter a new phase of growth, one in which it will truly be able to live up to its distinction as the world’s leading news and analysis website for blockchain,” said editor-in-chief Pete Rizzo.