Wall Street Journal Creates A Cryptocurrency — To Later Destroy It

The Wall Street Journal (WSJ) created and later destroyed its own cryptocurrency in an attempt to better understand the world of crypto.

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.