Media News

Crypto news sites take down story critical of crypto PR

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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