RATE Group | Salon Media’s cryptocurrency ‘solution’ hasn’t erased losses
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Salon Media’s cryptocurrency ‘solution’ hasn’t erased losses

03 Aug Salon Media’s cryptocurrency ‘solution’ hasn’t erased losses

Posted at 07:11h in Cryptocurrency News by

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Salon Media’s innovative plan to use its readers’ computers to mine for cryptocurrency, hasn’t gotten the digital news pioneer out of financial trouble just yet.

Back in late June, the publicly traded company said it was going to be unable to file its 10K as required by the SEC and has yet to file.

Salon was an internet pioneer when it went public in 1999 but has had to rely on wealthy benefactors for cash infusions to keep it afloat through most of its existence.

In February, it announced that it was going to give its readers a choice: They could either turn off ad blockers or keep the ad blockers up, but still receive Salon’s news content by permitting the publisher to mine for cryptocurrency on the readers’ computers. It invited readers to install Coinhive that would allow the publisher to mine for a digital currency called Monero.

Said TechCrunch at the time, “Salon sounds like it understands that emerging technologies offer some unique opportunities for…

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