UPDATE: At the beginning of this year, PressCoin, the self-styled “crypto-economy for the Indian press” had grand plans of raising $100 million through a freshly minted crypto token aptly called NEWS. Except, today, NEWS is nowhere to be found on crypto listings. How did this happen?

PressCoin raised about $25 million through the ICO of its token NEWS. Six months in, a lot has changed.

For starters, the old guard is gone. During the ICO, PressCoin had 17 members working with it. Seven members in its leadership team. Three world-renowned journalists on the advisory board.

AUTHOR

Sidhartha Shukla

In his earlier stint at Moneycontrol, the website owned by the Network18 group, Sid wrote on cryptocurrencies, cybersecurity, business, and finance. Born in Raipur, Chhattisgarh, Sid has spent most of his life in Jalandhar, Punjab. He has a BSc in Mathematics from St Xavier’s College, Mumbai. Sid is a comic book nerd and a big fan of Alan Moore, Neil Gaiman and Brian Azzarello. He can be reached at sidhartha at the rate the-ken.com

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