YouTube’s BTC And Crypto Purge Blows The Crypto Industry As The Market Turns Red
The crypto market looks pretty bloody today with all the most important coins trading in the red.
Bitcoin is also trading in the red, and the most important coin in the market is priced at $7,257.92.
The winter holidays came with some pretty huge trouble for a lot of crypto enthusiasts on YouTube.
YouTube hurts crypto content creators
The host of CNBC’s CryptoTrader Ran NeuNer weighs in on the controversy surrounding the recent actions that have been taken by YoyTube against crypto content creators.
It’s been revealed just the other day that according to more complaints from people in the crypto community, YouTube has been removing a massive number of crypto videos without issuing any warning.
Dozens of videos from the biggest BTC and blockchain creators have been removed, hurting important influencers.
YouTube usually clears confusion when they’re making such moves, but this time, they did not offer many details on what’s going on.
Deleting all crypto content on YouTube is a huge blow for the industry
NeuNer tells his 110,000 followers on Twitter the following:
“YouTube deleting all Crypto content is a MASSIVE blow to the industry. YouTube is the go to place for educational video and the first port of call for new people entering the eco system to learn the basics. As a community we should challenge this formally.”
A number of channels that includes Ivan on Tech and more are switching the videos to private in an attempt to prevent all content from being hit by the sudden purge.
I warned about this a long time ago. This is not a attack on free speech. All the so called crypto influencers are not series 3 licenced and therefore cannot market financial products on any media. This can be remedied by getting licence and petition NFA, then YouTube may change.
— Stacy Dale Barendse (@TheRealLimitup) December 25, 2019
Despite we’re in the middle of the holiday season YouTube said that they are investigating crypto smackdown in order to find out exactly what has been going on.
The video-sharing giant hopes to come up with an update on this situation shortly.
“Jumping in – we’re looking into this. Hope to share an update soon.”
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.