CoinDesk

CoinDesk is a reputable news source that covers the cryptocurrency industry with a focus on providing detailed information about market movements, regulatory matters, and technological developments. The site often discusses conflicts of interest and deceptive practices within the industry while maintaining editorial independence. CoinDesk's parent company, Bullish group, has interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. However, the site operates as an independent subsidiary with an editorial committee to protect journalistic independence.

67%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

85%

Examples:

  • The articles often mention conflicts of interest and provide information about the parties involved in those conflicts.
  • There is a focus on logical fallacies, deception, and contradictions within the articles.
  • The site provides detailed information about cryptocurrencies and their market movements.

Conflicts of Interest

50%

Examples:

  • However, the site maintains editorial independence and transparency about these conflicts.
  • There is a mention of potential conflicts of interest involving employees receiving options in the parent company as part of their compensation.
  • The site discloses its parent company's interests in digital assets and blockchain businesses.

Contradictions

85%

Examples:

  • The articles often mention contradictions in the cryptocurrency market, such as price fluctuations and differing opinions on regulatory matters.
  • There are examples of contradictions provided within the articles themselves.
  • The site provides detailed information about these contradictions and their effects on the market.

Deceptions

60%

Examples:

  • The articles sometimes contain misleading or deceptive practices related to the cryptocurrency market.
  • There are examples of deceptive practices provided within the articles themselves.
  • The site provides detailed information about these deceptions and their effects on the market.

Recent Articles

  • Bitcoin Prices Drop Below $61,000: German Government Sales and Market Uncertainty Contribute to Decline

    Bitcoin Prices Drop Below $61,000: German Government Sales and Market Uncertainty Contribute to Decline

    Broke On: Monday, 24 June 2024 Bitcoin's price dropped below $61,000 to a new June low of $60,723 in the past 24 hours due to over $1.2 billion in crypto investment outflows and news of German government Bitcoin sales. The broader market saw declines, with Ethereum and other cryptocurrencies experiencing losses up to 7.5%. Some investors see opportunities for expansion in AI infrastructure despite market uncertainty and potential volatility.
  • Roaring Kitty's Return: $586 Million GameStop Investor Sparks Market Volatility Amid SEC Scrutiny

    Roaring Kitty's Return: $586 Million GameStop Investor Sparks Market Volatility Amid SEC Scrutiny

    Broke On: Friday, 07 June 2024 Roaring Kitty, or Keith Gill, returned to social media and revealed a $586 million GameStop stock position, sparking renewed interest in the company. However, shares fell during his livestream due to first quarter earnings and a subsequent offering. The meme token market also saw volatility with Solana-based GME nearly doubling before paring gains. Gill faces scrutiny over potential market manipulation as regulators investigate.
  • JPMorgan Anticipates Pre-November Debut of Ethereum ETFs: Implications for Ethereum Economics

    JPMorgan Anticipates Pre-November Debut of Ethereum ETFs: Implications for Ethereum Economics

    Broke On: Thursday, 23 May 2024 JPMorgan anticipates the start of Ethereum ETF trading before November, following SEC approval of eight applicants under the Financial Innovation and Technology for the 21st Century Act. This development grants CFTC jurisdiction over crypto and identifies digital assets as 'digital commodities'. The impact on Ethereum's economics, including potential transaction volume increases, remains uncertain.
  • SEC Approval of Eight Spot Ethereum ETFS Boosts Ethereum Price by 20%: A New Era for Crypto Investing

    SEC Approval of Eight Spot Ethereum ETFS Boosts Ethereum Price by 20%: A New Era for Crypto Investing

    Broke On: Thursday, 23 May 2024 The Securities and Exchange Commission (SEC) approved the sale of eight spot Ethereum ETFS on May 23, 2024, leading to a 20% increase in Ethereum's price. This approval follows the successful launch of Bitcoin ETFs earlier this year and is seen as a sign of softening regulatory stance towards crypto. The decision is expected to boost Ethereum's price further and bring more investors into the market, while also potentially leading to increased regulatory clarity in traditional finance.
  • SEC Poised to Approve Spot Ether ETFs: Nasdaq, CBOE, and NYSE Asked to Update Applications

    SEC Poised to Approve Spot Ether ETFs: Nasdaq, CBOE, and NYSE Asked to Update Applications

    Broke On: Tuesday, 21 May 2024 The US Securities and Exchange Commission (SEC) is reportedly set to approve spot ether exchange-traded funds (ETFs), according to sources familiar with the process. The SEC asked Nasdaq, CBOE, and NYSE to fine-tune their applications for listing spot ether ETFs, signalling a potential green light for filings from VanEck and ARK Investments/21Shares. If approved, this would mark a major win for the cryptocurrency industry and could attract significant investment from hedge funds, wealth advisers, and retail investors.
  • Tether Freezes Wallets Linked to Venezuelan State-Run Oil Company PDVSA Amid Sanctions Evasion Allegations

    Tether Freezes Wallets Linked to Venezuelan State-Run Oil Company PDVSA Amid Sanctions Evasion Allegations

    Broke On: Tuesday, 23 April 2024 Tether freezes wallets linked to Venezuela's PDVSA for evading US sanctions using USDT. PDVSA reportedly used Tether since last year to bypass restrictions on oil industry transactions. Tether cooperates with OFAC, but previously refused to freeze wallets tied to Tornado Cash.
  • Tether Freezes Wallets Linked to Venezuelan State-Run Oil Company PDVSA Amid Sanctions Evasion Allegations

    Tether Freezes Wallets Linked to Venezuelan State-Run Oil Company PDVSA Amid Sanctions Evasion Allegations

    Broke On: Tuesday, 23 April 2024 Tether freezes wallets linked to Venezuela's PDVSA for evading US sanctions using USDT. PDVSA reportedly used Tether since last year to bypass restrictions on oil industry transactions. Tether cooperates with OFAC, but previously refused to freeze wallets tied to Tornado Cash.
  • SEC Delays Decision on Franklin Templeton and Grayscale's Ethereum ETF Applications: Uncertainty Surrounds Future Approval

    SEC Delays Decision on Franklin Templeton and Grayscale's Ethereum ETF Applications: Uncertainty Surrounds Future Approval

    Broke On: Tuesday, 23 April 2024 The SEC has delayed decisions on proposed Ethereum ETFs from Franklin Templeton and Grayscale, with a potential approval or rejection expected by June 11 for the former. Standard Chartered predicts Ether ETFs won't be approved in May due to macro risks and slowing spot BTC inflows. The first wave of ETF buying is complete, with the next wave anticipated from wider macro funds.
  • Bitcoin's Quiet Fourth Halving: Mining Rewards Cut in Half Amidst Muted Market Response

    Bitcoin's Quiet Fourth Halving: Mining Rewards Cut in Half Amidst Muted Market Response

    Broke On: Friday, 19 April 2024 The Bitcoin network underwent its fourth halving on April 19, 2024, reducing miner rewards by half to 3.125 BTC per block. Google searches for 'Bitcoin halving' hit an all-time high despite a stable Bitcoin price around $64,000. This quiet event contrasts previous halvings with significant price movements and may impact miner profitability and industry consolidation.
  • Crypto Market Takes a Nosedive on Friday After Stock Market Opens, Bitcoin and Ethereum Fall Over $4,000 in Value Each

    Crypto Market Takes a Nosedive on Friday After Stock Market Opens, Bitcoin and Ethereum Fall Over $4,000 in Value Each

    Broke On: Saturday, 13 April 2024 The crypto market plunged on Friday as the stock market opened, with Bitcoin falling over $4,000 and Ethereum dropping 9%. The decline was not caused by any major news in the crypto world but was influenced by the U.S. dollar's strength, higher interest rates, inflation and geopolitical tensions.