Bitcoin in the Headlines is a weekly look at global bitcoin news, analysing media coverage and its impact.
Ever-hungry for product launches and splashy funding rounds, the mainstream media was sent into a frenzy this week as Circle announced the closure of its $50m round and Coinbase confirmed it was expanding across the pond to the UK.
Despite seemingly good news for the bitcoin ecosystem, misreporting – and inaccuracies – featured across most outlets. Meanwhile, some journalists also questioned the need for substantial funding rounds, given that some startups were not highly concerned with return of investment (ROI).
CoinDesk takes a look at this week’s top bitcoin-related headlines.
Misreporting on the money
An investment bank like Goldman Sachs pouring money into a bitcoin company was always going to capture the media’s attention, as such investments legitimise the currency in the eyes of naysayers.
So it comes as no surprise that a quick google news search featuring the words ‘bitcoin’ and ‘Goldman Sachs’ brought up over 90 news articles since the announcement was published yesterday.