Recently, I re-read CoinDesk’s public policy page, and there were some quite interesting points. This media outlet has received awards for cryptocurrency industry reporting and claims to follow strict editorial policies, but the background behind it is a bit complicated.

Did you know that CoinDesk is part of a digital asset platform called Bullish? Bullish is an institutional-grade platform that provides market infrastructure and information services, and it explicitly states that CoinDesk employees can receive stock-based compensation. That means journalists are included too.

What this implies is that reports on the cryptocurrency market may not be completely independent. Of course, CoinDesk explicitly states that it guarantees editorial independence and freedom from bias, but a conflict-of-interest structure still exists.

Since the cryptocurrency market is highly volatile, it’s important to understand the meaning of stablecoins accurately, just like you would want to get that exactly right. Even with the same news, you should think about which outlet it came from and what that outlet’s interests might be.

In the end, it’s wise not to rely on only one source when consuming information, and instead refer to multiple sources. CoinDesk’s reporting can be trusted sufficiently, but it’s better to be aware of and read with these background relationships in mind.