The post Cardano founder Charles Hoskinson offers to buy CoinDesk again appeared on BitcoinEthereumNews.com.

Charles Hoskinson, the founder of Cardano, has revived his interest in buying CoinDesk in apparent jest, after the crypto media outlet plunged deeper into chaos. Responding to a journalist’s post on X that described CoinDesk as “in shambles,” Charles questioned the outlet’s current valuation. “Remember when we thought about buying Coindesk?” he asked. “I wonder what the price is these days.” The drama began when Bullish, CoinDesk’s parent company, abruptly fired three top editors, including editor-in-chief Kevin Reynolds, after newsroom tensions boiled over an article on TRON founder Justin Sun. Bullish under fire for its newsroom shake-up Sources reportedly confirmed that Bullish dismissed Reynolds, deputy editor-in-chief Nick Baker, and ethics and standards head Marc Hochstein on Friday. The decision followed weeks of unrest at CoinDesk, starting with the removal of an article about Justin’s purchase and staged consumption of a $6.2 million banana art installation. The piece also covered Justin’s legal troubles though, including fraud charges from the SEC, which he disputes. According to insiders, his team pressured Bullish to take the story down, claiming the tone was damaging. Bullish CEO Tom Farley approved the takedown without the usual retraction notice, an action that blindsided the editorial staff. The company attempted damage control by citing “cost reduction measures” as the reason for the layoffs in an email sent by CoinDesk CEO Sara Stratoberdha. Viewed by staff and later leaked, the email claimed the restructuring would boost productivity while reaffirming the company’s commitment to journalistic independence. But few in the newsroom believed it. A senior staffer reportedly described the firings as “devastating,” saying the trio were the “heart of the newsroom.” The same source questioned Bullish’s priorities, adding, “It’s clear they care more about pleasing sponsors than actual reporting.” Another staff member said morale at CoinDesk is at an all-time low,…

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Filed under: News - @ December 21, 2024 11:21 am