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

Thu, 01/19/2023 - 20:28
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Alex Dovbnya
Charles Hoskinson wants to bring more innovation to the crypto media scene while also restoring journalistic integrity
Cardano’s Charles Hoskinson Explains Why He’s Interested in Buying Coindesk
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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. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at