So I decided to see what their journalists mention in their profile.
The full policy can be found here. The relevant part is under "Personal Investing", and I will mention it in full in the bottom of this post if you don't feel like going there.
Now, first, we look at the Contributers.
| Name | Profile | Conclusion |
|---|---|---|
| Cathy Barrera | Doesn't Mention | Not sure |
| Preston J. Byrne | Doesn't Mention | Not Sure |
| Leah Callon-Butler | Doesn't Mention | Not Sure |
| Jill Carlson | Doesn't Mention | Not sure |
| James Cooper | Doesn't Mention | Not Sure |
| Frances Coppola | Doesn't Mention | Not Sure |
| Jeff Dorman | Doesn't Mention | Not sure |
| Alyssa Hertig | Doesn't Mention | Not Sure |
| Byrne Hobart | Doesn't Mention | Not Sure |
| Ada Hui | Doesn't Mention | Not sure |
| Stephanie Hurder | Doesn't Mention | Not Sure |
| JP Koning | Doesn't Mention | Not Sure |
| William Mougayar | Doesn't Mention | Not sure |
| Yorke Rhodes III | Doesn't Mention | Not Sure |
| Lex Sokolin | Doesn't Mention | Not Sure |
| Ajit Tripathi | Doesn't Mention | Not Sure |
| Nathaniel Whittemore | Doesn't Mention | Not Sure |
This was the contributor's page. Now, let me try going to newest articles to see if there are other journalists not mentioned in the list above and try again.
| Name | Profile | Conclusion |
|---|---|---|
| Kevin Reynolds | Profile is empty | Not sure |
| Zack Voell | "He owns bitcoin." | Yes |
| Colin Harper | "He holds bitcoin." | Yes |
| Nathan DiCamillo | Profile is empty | Not Sure |
| Nikhilesh De | "He owns less than $20 in BTC and has no other crypto holdings." | Small |
| Danny Nelson | Doesn't Mention | Not sure |
| Muyao Shen | "She holds a very small amount of bitcoin." | Small |
| Doreen Wang | Profile is empty | Not sure |
| Daniel Kuhn | Profile is empty | Not sure |
| Bradley Keoun | Doesn't Mention | Not sure |
| Omkar Godbole | Profile is empty | Not sure |
| Sebastian Sinclair | "He currently holds no cryptocurrencies." | No |
| Tanzeel Akhtar | Profile is empty | Not sure |
| Daniel Palmer | "Daniel holds small amounts of BTC and ETH" | Small |
| Benedict George | Profile is empty | Not sure |
| Brady Dale | "Dale holds small positions in BTC, WBTC and ETH. | Small |
| William Foxley | He holds investments in bitcoin. | Yes |
Okay that's enough, let's see the score. 34 names.
3 clearly mentioned they held.
4 mentioned they held small, but only of them we know what that small means, Nikhilesh said $20, while Muyao said "a very small amount", so don't know if that's 20 dollars or 200 or more. However, I'm sure when it is small, it most likely means they haven't been a big part of their capital in it.
1 clearly says no.
That's 7 we have information, 27 we have no idea about.
But the ethics policy doesn't say that you have to mention you DON'T hold crypto, only you have to mention it if you do. So, logically, we come to either of these two conclusions:
1) 28 (82%) don't hold any crypto, 4 hold small amounts, and only 3 (8%) hold significant amount. This would mean that people constantly creating FOMO about crypto don't believe in it themselves to really put money in it. They are like drug dealers who don't do their stuff or cult gurus who don't believe their own junk.
2) Those 27 (82%) actually hold them but didn't report it. This would mean they have no integrity and are willing to ignore the Ethics policy, and the company probably doesn't really care anyway. This puts the journalist integrity of both them and their company into question.
In both cases, the logical conclusion is that their reporting is not ethical at all.
---
And now, here is the full part of the Personal Investing subsection of the Ethics policy;
Personal investing
CoinDesk always seeks to prioritize its highest-value asset – the trust of its readers. It is the job of our journalists, researchers and market analysts to be both transparent and accountable to the public, and seek to uphold high standards of conduct.
However, CoinDesk respects that employees may wish to make decisions related to their wealth management. With this in mind, CoinDesk has worked with compliance and legal advisers to develop a strict set of guidelines that balance the company’s vision while respecting our employees’ financial autonomy.
Above all, these guidelines seek to ensure:
- Information obtained by employees of CoinDesk during the course of their duties is not misused for financial gain;
- Employees at CoinDesk are able to research the market through actions that may include the purchase, sale or use of cryptocurrencies or crypto assets;
- CoinDesk employees retain the financial autonomy to make decisions on their personal wealth, provided such decisions are disclosed.
Our policies are designed to promote stringent definitions for transparency so as to ensure the trust of our audience is upheld.
Any employee who buys, sells or trades crypto assets in amounts of less than $1,000 must notify CoinDesk’s compliance officer within 24 hours of the event. Any employee who buys, sells or trades amounts more than US$1,000 must notify the compliance officer at least 24 hours before doing so.
Upon receipt, these notifications will be reviewed by the compliance officer to ensure the trade meets our policies and guidance. Items up to and including the employee’s recent meetings, articles or corporate outreach efforts will be evaluated. Employees must hold all crypto asset purchases for a minimum of 30 days.
Further, trading is forbidden during office hours. Employees are not permitted to short crypto assets or trade futures contracts. As noted, journalists must disclose crypto positions worth $1,000 or more in their profile pages and update them immediately to reflect any changes.
CoinDesk employees who are found to be not in compliance with these rules may be subject to penalties up to and including termination.
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