RATE Group | WSJCoin: The Cryptocurrency That Never Was
48858
post-template-default,single,single-post,postid-48858,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

WSJCoin: The Cryptocurrency That Never Was

12 Nov WSJCoin: The Cryptocurrency That Never Was

Posted at 22:46h in Cryptocurrency News by

[ad_1]

Earlier this year we had a brilliant idea—OK, maybe just an idea.

We cornered a pack of Wall Street Journal editors in a room and pitched an editorial project that could help our readers understand how the crypto industry is reshaping modern finance: We wanted to create The Wall Street Journal’s very own cryptocurrency, and document the endeavor.

After an initial gasp in the room and much skepticism, we got the green light to proceed. Of course, reporters, editors and videographers don’t launch commercial initiatives at the Journal; that’s done by business colleagues. So ours was a journalistic exploration of how a cryptocurrency could work.

We traveled to Japan, bitcoin’s supposed homeland, and created what ultimately became WSJCoin.

When the idea was hatched, crypto mania was near its peak. The price of bitcoin had sputtered off its record high of nearly $20,000, but many investors were confident that the drop would just be a blip. Cash…

[ad_2]

Source link

Tags:
,