Several business-focused digital news outlets quietly took down news articles about the massive scale of junk information floating around the cryptocurrency space, reports Max Tani of Semafor.
Tani reports, “Investing.com, one of the biggest business-focused digital news and investing sites, ran a piece titled, Crypto press releases dominated by high risk projects, chainstory study finds. But within a few days, it had been taken down without explanation. The publication did not return Semafor’s request for clarification about why the page had been removed.
“Crypto Potato, a niche news site popular among crypto enthusiasts, also wrote up the study, explaining that crypto press ‘wires’ operate on a pay-to-play basis that ‘turns article placement into a paid commodity.’ But the blog similarly removed its story.
“Neither site shared with Semafor why they removed the articles. But one person familiar with the decisions told Semafor that at least one executive from a company described by the survey had reached out to multiple outlets asking for the pieces to be taken down, arguing that the survey data was faulty and biased.”
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