Bitcoin and cryptocurrencies have long struggled to gain mainstream awareness and adoption, with much media coverage (understandably) focused on bitcoin’s get-rich-quick potential and its popularity with criminals.
While the mainstream media’s interest has focused on bitcoin and crypto’s shady but exciting underworld, bitcoin and crypto dedicated websites have sought to provide fair and balanced coverage of the blossoming industry since bitcoin’s creation 10 years ago.
Now, following search giant Google’s June 2019 Core Update, which rolled out on June 3, one of the biggest bitcoin and crypto sites, CCN.com, has said it will have to close its digital doors, citing “a 71% collapse in mobile traffic overnight”—and other bitcoin and cryptocurrency sites have also taken a heavy blow.
In addition to CCN’s problems, the leader in blockchain news, CoinDesk, has experienced a 34.6% drop according to Sistrix, a data company that tracks website visibility on Google.
Meanwhile, another major bitcoin and cryptocurrency publication, CoinTelegraph has experienced a drop of 21.1% on mobile and a website administrator at fellow bitcoin and crypto publication U.today complained of “the same issues,” on a Google Webmaster forum.
The sudden drop in traffic to bitcoin and cryptocurrency websites has caused editors to question whether this was an intentional attempt to undermine their coverage of the cryptocurrency sector.
“The answer is both yes and no,” wrote CCN founder Jonas Borchgrevink, announcing the site’s closure. “While all major crypto focused sites have taken a hit by Google’s June 2019 Core Update, other sites that are not affiliated with cryptocurrencies have experienced a startlingly similar impact.”
CCN was founded June 2013 as CryptoCoinsNews and claims to have grown from a one-man operation to a team of more than 60 people around the world.