CoinDesk Sees A Potential Buyer From Cardano Founder

Bitcoinist

Charles Hoskinson, co-founder of the blockchain network Cardano, is interested in purchasing CoinDesk, DCG’s media arm, despite the company’s current difficulties.

According to Yahoo! Finance, Hoskinson’s reasoning as to why he has shown strong interest in buying up DCG’s media unit is that he believes journalism integrity should be restored. The Cardano co-founder’s interest was made known after CoinDesk announced its exploration of a possible sale.

Get 30 FREE SPINS at Punt Casino – NO DEPOSIT REQUIRED! Start Playing Now.

Hoskinson disclosed in a video livestream in the U.S., last week:

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

Purchase Process Won’t Be A Walk In The Park

Even though Hoskinson has stated publicly that he is interested in acquiring CoinDesk, it would not be a smooth and fast transaction, according to reports.

How To Get Free Crypto  

Hoskinson said that he sees the selling price of $200 million for CoinDesk to be overpriced, stating that a review of the pre-purchase will be done after the firm’s books have been properly reviewed.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
 Charles Hoskinson. Image: Harvard International Review

Meanwhile, on CoinDesk’s side of affairs, its management has decided to hire investment bank Lazard Ltd. as its main financial advisor. The financial guru is tasked by DCG’s media arm in exploring ways on how to successfully sell CoinDesk, removing a burden from DCG’s CEO and founder, Barry Silbert.

The sale of the popular crypto news portal follows a string of complications in the aftermath of the closure of FTX.

The crypto brokerage arm of DCG, Genesis Global Captial (GGC), declared bankruptcy on Thursday.

 Image: Business Wire

Further Reasons For Hoskinson’s Interest In CoinDesk

Hoskinson provided additional reasons for showing interest in buying CoinDesk. One of them is that both readers and the blockchain community can be provided with incentives that will aid them financially, resulting in a responsible and accurate crypto media that is decentralized.

Coinbase Banner  

The leader of IOHK has already lambasted the mainstream media for its negative coverage of the Cardano ecosystem. With the probable acquisition of the faltering Digital Currency Group’s media division, Hoskinson hopes to restore moral ethics in crypto and blockchain sector reportage.

Hoskinson added that financial incentives can limit Cardano’s influence over independent reporting, thereby encouraging readers to actively verify, challenge, and engage with the reporting.

Crypto total market cap revisits the $1 trillion mark on the weekend chart | Chart: TradingView.com

Meanwhile, according to Hoskinson, CoinDesk is missing a metaverse component and a “good video side.” He agreed that the company was attempting to develop its video offering, but said that it was not well-liked.

He also pointed out that CoinDesk might enter into other agreements, stating how a cooperation with crypto analytics startup Messari would benefit both parties.

FreeBitcoin Banner  

According to CoinMarketCap rankings, the ADA token is one of the top 10 cryptocurrencies, with a market capitalization of approximately $11.7 billion.

Featured image by Sierra Vista Home

Go to Source
Author: Christian Encila


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.