Cardano founder Charles Hoskinson plans to buy crypto news website CoinDesk and revamp it as a news and community site but believes the $200M asking price is too high.
In a youtube live session, Hoskinson expressed interest in buying CoinDesk due to the industry’s recent bad media and questioned relations to FTX in the crypto news industry.
Hoskinson believes the crypto industry needs a strong media outlet, suggesting converting news pieces into non-fungible tokens for interactivity.
ADA Price - The price of ADA successfully completed the parabolic rebound, and despite a brief pullback to create a cup and handle pattern, it soared high to meet the temporary resistance. Although it was predicted that the price would surge beyond $0.35 and reach $0.4, the Genesis fiasco may have prevented a significant move to the north.
Cardano a major competitor to Ethereum due to its proof-of-stake blockchain may boost in coming days, cardano price prediction for 2023 is to reach as high as $0.71 as per coinpedia.