Charles Hoskinson from Cardano comments on the Coindesk sales rumors
Charles Hoskinson from Cardano comments on the Coindesk sales rumors
Charles Hoskinson, CEO of Input Output Global, the company behind the Cardano-Blockchain, is interested in buying the crypto-news website Coindesk.
the latter checks a possible sale because her sister company has slipped into bankruptcy. Kevin Worth from Coindesk recently claimed that the publication had received "numerous in -depth expressions of interest".
about possible Coindesk acquisition and journalistic integrity
In the last livestream, Hoskinson said that his media interest was broad and "he wanted to find out how to get journalistic integrity again". The managing director emphasized the need to find a way for a strong media company. He even suggested opportunities to create a financial incentive to be honest instead of promoting certain agendas.
Another point from Hoskinson was the conversion of various news articles into NFTS, which made it possible for readers to interact with them.
The manager still has to check the books or finances of Coindesk, but he believes that the required price of $ 200 million is "somewhat overpriced". DCG acquired the media company in 2016 for around $ 500,000.
Coindesk exploration options
According to reports, the publication advisory advisor at Lazard when she was looking for opportunities to move away from Barry Silberts Digital Currency Group.Coindesk was launched in 2013 and was the first to publish the story about potential records of balance sheet at Sam Bankman-Frieds Alameda Research. Finally, it triggered a downward spiral at FTX, which led to the collapse of the crypto exchange and the subsequent arrest of Bankman-Fried as well as several regulatory studies.
The infection hit home when the sister company Genesis suspended the payments on his loan page because his derivative business was exposed to $ 175 million at FTX. A DCG subsidiary, Genesis, had already suffered losses of several hundred million dollars due to her commitment in the fallen crypto hedge fund Three Arrows Capital (3AC).
After Genesis had difficulty obtaining funds, it became the youngest victim of the crypto core melt and applied for insolvency protection on January 19th 11.
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