Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26 By Cointelegraph

Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26

Cryptocurrency May 27, 2021 06:40PM ET

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Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26

As a kid who grew up in a podunk-nothing, mid-sized American city, I know what it’s like to read parachute journalism covering topics and stories close to my heart. Some bad news for my fellow DeFi brethren: you’re all about to get a taste of that feeling, too.

A colloquialism for when reporters tackle material outside their normal scope (picture a correspondent ‘parachuting’ into a war zone, clipping up a short segment, and beaming back to more hospitable climes), parachute journalism often leads to uninformed, sensationalist, and/or propagandistic coverage lacking key nuance — work that consciously or unconsciously confirms the biases of the audience or the reporter themselves. Growing up, I read it over and over again when some new intelligencer blew through town — an ascot-wearing so-and-so covering the G20, the Stanley Cup finals, a campaign stump. They often worked for a publication with “New York” in the title, and were always so pleasantly taken by how a smoggy former steel town could have restaurants that served edible food — somehow our “culinary scene” has been “up-and-coming” for the better part of thirty years.

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US 30	31,629.5	+191.2	+0.61%
US 500	3,922.1	+22.0	+0.56%
Dow Jones	31,438.26	-62.42	-0.20%
S&P 500	3,900.11	-11.63	-0.30%
Nasdaq	11,524.55	-83.07	-0.72%
S&P 500 VIX	26.96	+0.01	+0.04%
Dollar Index	103.735	+0.057	+0.05%

Crude Oil WTI	111.28	+1.71	+1.56%
Brent Oil	113.03	+2.05	+1.85%
Natural Gas	6.588	+0.042	+0.64%
Gold	1,822.90	-1.90	-0.10%
Silver	21.242	+0.055	+0.26%
Copper	3.8205	+0.0545	+1.45%
US Soybeans	1,543.75	+13.75	+0.90%

SPDR S&P 500	388.59	-1.49	-0.38%
iShares Russell 2000	175.74	+0.65	+0.37%
Invesco QQQ Trust	292.45	-2.16	-0.73%
Direxion Daily Junior Gold Miners Bull 2X Shares	40.66	-0.86	-2.07%
iShares Silver	19.49	-0.02	-0.10%
ProShares Ultra VIX Short-Term Futures	13.71	-0.68	-4.73%
ProShares UltraPro QQQ	27.32	-0.66	-2.36%

Apple	141.66	0.00	0.00%
Alphabet A	2,316.67	-42.83	-1.82%
Tesla	734.76	-2.36	-0.32%
Amazon.com	113.22	-3.24	-2.78%
Netflix	189.14	-1.71	-0.90%
Meta Platforms	169.49	-0.67	-0.39%
Bank of America	32.35	+0.04	+0.12%

Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26

A condensed history of DeFi on Bitcoin

Other major stories this week:

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