Cardano (ADA) founder Charles Hoskinson confirmed interest in acquiring the crypto-focused media outlet CoinDesk on Jan. 19.
Hoskinson said CoinDesk appeared to be overpriced for its $200 million asking price, adding that he would decide after reviewing the firm’s books.
Hoskinson said his media interest is broad as he is focused on “how to get to journalistic integrity again.” He added that Cardano had received bad press in the past as certain media outlets had to push specific agendas — citing examples including how FTX funded The Block.
Hoskinson argued that this could change if readers are financially incentivized to “fact-check” the media houses.
(By Oluwapelumi Adejumo)