Wall Street Journal Closes a Project to Create Its Own Cryptocurrency

Wall Street Journal Closes a Project to Create Its Own Cryptocurrency

Steven Russolillo, a Wall Street Journal journalist, went to Japan and Hong Kong to explore the crypto industry, as part of a special project which involved the creation of a cryptocurrency WSJ Coin on the Hyperledger Iroha platform.

Having studied the top 10 global cryptocurrencies at the market, it was decided to release 8.4 billion tokens.

After passing the project over to investors, despite the interest of the crypto community, the ethics and standards editor Neil Lipschitz decided to close it. The reason is that the magazine does not intend to go into the cryptocurrency industry to be able to talk about it. He compared it to banks: WSJ writes about banks, but does not open them.

We remind you:

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