When ETHNews went live in June 2016, there weren't many other places like it. Sure, there were veteran publications like CoinDesk and Bitcoin Magazine and a handful of others. But notable outlets like The Block, BREAKERMAG, and Decrypt Media were not even concepts; mainstream publications like Bloomberg and Wall Street Journal hadn't yet fully expanded their coverage to include cryptocurrency; and Laura Shin was still a month away from releasing her "Unchained" podcast.
Now, crypto journalism has become so crowded that you can throw a dart at a dictionary and the word it hits is probably paired with "crypto" or "coin" somewhere. Quick: Which one of these is not a website? CryptoPotato, CryptoGlobe, or CryptoNinjas? (It's a trick question, of course.)
Yet, while sites continue to go up, the price of crypto trends downward. And, more importantly, so does interest in it. You don't have to take my word for it: Just go to Google Trends and type in bitcoin, blockchain, Ethereum, or just about any other word related to cryptocurrency. There are more places to go for cryptocurrency and blockchain news and developments than ever before … and fewer new readers.
In short, the market for cryptocurrency and blockchain news is saturated.
What Are You Going to Do About It?
ETHNews has had to ask itself a question: Has the site outlived its purpose? Although we strive to put out original stories, we often find ourselves writing about the same events covered in multiple other outlets. Crypto enthusiasts could use their time for better things than reading the same information twice, however sharp that writing might be. And although we aim for original pieces, there's a whole lot more originality to go around these days. The same goes for investigatory work; astute reporters are asking all the right questions.
We're dedicated to being a non-monetizing information source, meaning there's little reason to demand you pay attention to us when so many other writers and reporters are doing good work. So, we're not going to ask you to. Instead, we're going to do something different: We're going to stop writing articles.
Is This the End?
Yet ETHNews won't be disappearing. For one thing, that'd be no fun. More importantly, we still think people who are new to crypto need a guide – and people who have been here a while could use a companion.
A few years ago, ETHNews saw the potential for blockchain technology and cryptocurrencies to transform the world. Unfortunately, so did a bevy of scammers. People were investing a lot of their own money in ICOs – some legitimate, some not – without understanding the technology, the ecosystem, or the financial risks. Now, a new problem faces consumers: Too many resources. Instead of there being too little information about cryptocurrency, there is a ton of it. Unfortunately, much of it is still misleading, false, or published with hidden motives. It's important that people know where to go for news and information.
That's why we're transitioning ETHNews to a curated site that helps readers separate the good sources from the bad. Every day, you'll find on ETHNews links to 10 to 15 articles from across the cryptosphere that we think are worth reading. (And if there's essential stuff that's not getting covered, we may even write something ourselves.) We hope to save you from checking in with each crypto site to see what's new – or from getting caught in the social media vortexes of Twitter and reddit. Think of us as your daily dashboard.
We'll also be keeping ETHERLive, our price-tracking feature, so readers can know how much they can buy it for across exchanges. However, we will no longer publish a daily technical analysis. While the decision to keep one and not the other might seem strange, long-term price tracking gauges popular interest and stands as part of the historical record, whereas short-term price analysis is geared for day trading, which is not the goal of the site. We're here to educate and enlighten.
While we plan on unveiling new features on ETHNews over the next year to help readers understand Ethereum even better, we'll also be working on other projects. ETHNews has been a project of Blockchains Management Inc., the operating company for Blockchains. The staff of ETHNews will be joining Blockchains, where we'll be creating long-form articles and community resources.
We hope you'll be on board. Enjoy the articles.