One of the top blockchain and cryptocurrency news websites, CCN yesterday announced it would be shutting down, effective immediately.
Director and founder of CCN Markets and Hawkfish AS, Jonas Borchgrevink, explained in a post on the website the difficult decision came following a 71% drop in mobile traffic overnight. This happened on 3 June, the same day Google rolled out its latest Core Update.
Borchgrevink noted that the team had reached out to Google’s Webmasters Forum to query why CCN articles were experiencing such a significant Google-listings drop, but they had received no definitive answer. Alongside a 34.6% drop experienced by CoinDesk, Borchgrevink suggested Google may be taking a crackdown on cryptocurrency, although non-crypto-related sites such as the UK’s tabloid Daily Mail has also taken a hit.
He also pointed out the website had published a number of pro-Trump op-eds, speculating that other websites to do so had been facing some form of underhanded censorship by Google, writing:
”While I won’t speculate whether or not this might have affected our site, I would certainly hope Google isn’t actively suppressing journalism.”
CCN’s daily revenue is cited to be down 90%, while revenue has been reinvested into the website and personal meaning, such losses no longer make running the website viable.
Founded in 2013, CCN claims to have held the position of the crypto-related news site with the highest amount of traffic worldwide, raking in the top 800 websites visited prior to the Google update.
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