Charles Hoskinson, co-founder of the Cardano blockchain network, has stated that he is currently considering acquiring CoinDesk, the media branch of Digital Currency Group (DCG), which has been facing difficulties lately. Hoskinson stressed that journalism credibility in cryptocurrency and blockchain technology news should be restored.
Hoskinson has said in a YouTube livestream that he is more interested in media and wants to find out how to regain journalistic integrity. Hoskinson said that CoinDesk will likely cost $200M and he will examine financial data before making his final decision.
Major cryptocurrency news outlet CoinDesk has hired advisors at Lazard, a top financial advisory and asset management firm, to evaluate a full or partial sale.
Yesterday, Genesis, a subsidiary of Digital Currency Group (DCG), filed for Chapter 11 bankruptcy in the Southern District of New York court.
