E Point Perfect

Cardano’s Charles Hoskinson Explains Why He’s Interested in Buying Coindesk


article image

Alex Dovbnya

Charles Hoskinson wants to bring more innovation to the crypto media scene while also restoring journalistic integrity

In a recent YouTube livestream, Cardano founder Charles Hoskinson claims that he is interested in acquiring Coindesk, the largest cryptocurrency news website, because 

“My interest on the media side is more broad… I would like to figure out how to get to journalistic integrity again.”

The Cardano founder complained about being treated unfairly by the media in the past, claiming that certain outlets might have a certain agenda to push.

The crypto mogul, who spearheads Cardano development company Input Output, has suggested turning various news pieces into non-fungible tokens, thus making it possible for people to interact with them. He says that it would be “really cool” if it was possible to view each separate story as a living object.  

Hoskinson has heard through the grapevine that Coindesk is either raising money or attempting to get acquired by someone after Barry Silbert’s Digital Currency Group, its parent company, got caught up in the crypto crisis. 

As reported by U.Today, crypto brokerage Genesis, one of the subsidiaries of DCG, is on track to file for bankruptcy after suspending withdrawals for users in mid-November.

Hoskinson claims that the price will be hovering somewhere around $200 million. 

Coindesk was acquired by DCG for roughly $500,000 back in January 2016.

The website was originally launched back in 2013 when the cryptocurrency industry was still relatively small. 


Source link

Related posts

Elon Musk Comments on What Truly Made FTX Fail

Algorand CEO Debunks Nike Partnership: Details

Here’s How Crypto Twitter Reacts to Attack on Tornado Cash

Polygon Unveils Its ‘Most Important Reveal of 2022,’ MATIC Price up 64% in Week

Wrapped Ether (WETH) Design Bugs Unveiled by Analyst

EU-Regulated MyContainer Introduces Multi-Asset Staking Platform