Crypto news site CCN.com has announced that it is ceasing operations following a 71% fall in mobile traffic brought about by a recent update to Google’s search algorithms.
“CCN was founded in the summer of 2013 as CryptoCoinsNews. We have been around for six years,” writes founder Jonas Borchgrevink on a post announcing the site’s closure.
“We are (were?) the crypto-related news site with the highest amount of traffic worldwide. Although CoinDesk and CoinTelegraph have been friendly competitors with us the past six years for the #1 Alexa spot.”
As evidenced by internal search data posted by Borchgrevink, CCN enjoyed high traffic and solid organic search activity until Google released its June 2019 Core Update.
Some have theorized that, as a site that deals with crypto news, CCN was considered by Google as a YMYL site. Borchgrevink, as well as others, have speculated, however, that CCN’s conservative slant on its op-ed posts may have been what led to the drastic reduction in search activity.
“While CCN is unbiased as a news site – meaning no political agenda from the editorial board – we have allowed all sorts of opinions from journalists and guest writers,” he wrote. “From the far left to the far right. Many of our political Op-Eds have been ‘Pro-Trump.’”
“Remember: We are mainly a crypto centered news site. Cryptocurrencies started with Bitcoin in 2009 as a counteraction against the financial meltdown and the cartel-like power possessed by banks and The FED (which is privately owned). Bitcoin is, or at least was supposed to be, DECENTRALIZED.”
“We are true to the crypto community with our slogan: We Are Anti-Elite, We Are Anti-Centralization.”