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Charles hoskinson, co-founder of the cardano blockchain network, is interested in buying coindesk, the dcg media branch, despite the company's current challenges.
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.
Hoskinson unveiled in a live-streaming video in the United States last week:
'I have a greater interest in the media... How do we restore journalistic integrity?"
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.
Hoskinson said he sees the $200 million selling price for the parts bureau to be too expensive, indicating that a prior purchase review will be conducted once the company's books have been adequately reviewed.
Charles Hoskinson. Photograph: 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 charged by the dcg media branch to explore ways to sell coins successfully, taking a burden off the CEO and founder of dcg, Barry Silbert.
The sale of the popular crypto news portal follows a series of complications following the shutting down of ftx.
Crypto dcg's brokerage branch, global captive genesis (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 is that readers and the blockchain community can benefit from incentives to assist them financially, The result is a responsible and precise, decentralized crypto medium.
Yushkin's leader has already slammed mainstream media for his negative coverage of the cardano ecosystem. With the likely acquisition of the staggering media division of the digital currency group, hoskinson hopes to restore moral ethics in the crypto-channel and reporting sector.
Mr. Hoskinson added that financial incentives may limit Cardano's influence on independent reports, thus encouraging readers to actively check, question and participate in reports.
Crypto total market cap revisits the $1 trillion mark on the weekend chart | Chart: TradingView.comAt the same time, Hoskinson says CoinDesk lacks a metaverse component and a "good video side." He agreed that the company was looking to expand its video offering.
Said it wasn't popular.
He also stressed that CoinDesk could conclude further agreements, indicating how cooperation with crypto analysis start-up Messari would be beneficial for both sides.Cap rankings, the ADA token is one of the top 10 cryptocurrencies, with a market capitalization of approximately $11.7 billion.
Classified by capitalization, the ADA token is one of the top 10 cryptocurrencies, with a market capitalization of about 11.7 billion dollars.
