Owned by Digital Currency Group, parent company of Genesis, which is currently in danger of bankruptcy. cryptocurrency to the news portal Coindesk altcoin A suitor came out of his world.
Cardano (ADA) altcoin founder Charles Hoskinson announced that he is interested in acquiring Coindesk in a live broadcast on Twitter.
Cardano (ADA) Altcoin Founder Charles Hoskinson Says Coindesk Price Is Around $200 Million
Hoskinson cited the biased reporting of giant companies in the cryptocurrency media world as the reason for his interest in Coindesk. In addition, Hoskinson said he heard that Coindesk has a price tag of about $200 million and has an annual advertising revenue of $50 million.
He also stated that the advertising revenue of $ 50 million covers the years 2021 and 2022, when the bull season in the crypto money market is experienced.
“We have received a large number of signs of interest in CoinDesk over the past few months,” CEO Kevin Worth said via email.
CoinDesk, which started operations in 2013, was the first to report on potential balance sheet irregularities at Sam Bankman-Fried’s Alameda Research company. This news started a downward spiral on crypto exchange FTX, eventually leading to the company’s collapse in November, the arrest of Bankman-Fried, and multiple regulatory investigations.
The crisis from the collapse of FTX also hit CoinDesk’s sister company Genesis; Genesis, a DCG-owned crypto lender, hired advisors to file for a potential bankruptcy after freezing withdrawals and lending.
*Not investment advice.
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