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Wall Street Journal Creates A Cryptocurrency — To Later Destroy It

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Wed, 3/10/2018 - 14:41
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Wall Street Journal Creates A Cryptocurrency — To Later Destroy It
Cover image via U.Today
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The Wall Street Journal (WSJ) created and later destroyed its own cryptocurrency in an attempt to better understand the world of crypto.

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On Wednesday, Oct. 3, the publication revealed in a documentary its way of engaging with the crypto industry. That went as far as issuing two WSJ Coins before the shutdown of the project by the newspaper’s ethics head. Neil Lipschitz, the editor for ethics and standards, said WSJ Coin raised “ethical questions.”

“We’re not in the business of getting into the cryptocurrency world; we’re here to report it and to explain it, just like we report on banks but we don’t go out and start a bank,” Lipschitz said.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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