Google's latest update cuts traffic for crypto sites - is it blacklisting?

A number of cryptocurrency news websites have seen drops in traffic in the wake of a recent update to Google's search algorithm. Many in the community have suggested that the company may effectively be 'blacklisting' sites.
Google's latest update cuts traffic for crypto sites - is it blacklisting?
Google's latest Core Update was implemented on June 3. Since then, the performance of some websites has changed dramatically. Crypto news site CCN, which has been operating since 2013, has shut down in the wake of the changes made by Google. 
"Our search traffic dropped by more than 71% overnight," CCN founder Jonas Borchgrevink explained to Bloomberg. "With that, we saw a drastic decline in ad revenues...more than 90%". After suggestions that some sort of blacklisting may be going on, a representative for Google claimed that these changes were to be expected, as its improved algorithm was allowing more relevant but previously overlooked sites to gain better exposure. A Tweet from back in 2018 outlined the situation.
Each day, Google usually releases one or more changes designed to improve our results. Some are focused around specific improvements. Some are broad changes. Last week, we released a broad core algorithm update. We do these routinely several times per year....
As with any update, some sites may note drops or gains. There’s nothing wrong with pages that may now perform less well. Instead, it’s that changes to our systems are benefiting pages that were previously under-rewarded....
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The Block also reported a slight fall in visitors since Google changed its algorithm, although CoinDesk claimed that the effect had been negligible on its own traffic. Influential crypto podcaster Peter McCormack has weighed in on the situation, claiming that CCN likely had other issues pre-dating the Core Update, which led to its eventual closure.
I suspect the closure of CCN is more than just down to a change in the Google algorithm. If the rollout was June 3rd and the decision was a week later, I assume they had bigger problems.
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Many observers agreed, and suggested that its previous level of popularity may have been linked to some of the more negative factors in the crypto space. Others responded by warning against the centralization of the web, and the excessive influence that Google can now wield over what type of content and information users can be exposed to, an issue that is increasingly relevant to the crypto community.
They had issues far before Google.

You don’t die from Google making changes.

Their content, almost every article I read, which was a lot - was getting really terrible. Unchecked facts, baity headliners.
They are the National Enquirer of crypto content news. It sucks and they went political. Once you go political you alinate 1/2 the population and that is never ever a good move.
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I suspect like most written content providers they have a battle between generating clicks and monetising them. The business model is really screwed for most as the ads don't work so really you end up doing network deals.
Now that the illegal ICO money dried up, who can afford to pay thousands to submit a press release?
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When people realise that a centralised search engine controlled by a company, which is a legal entity, it's inevitably a tool for State censorship. With also an unmanageable chaotic algorithm that cuts like a knife. Then and only then will the internet become more like BTC 🀘
Peter, this should worry you deeply. Every single Company that you piggyback off has the ability to silence you, setting you adrift on sea of white noise. Going forward everyone should be looking to decentralise & be linking in from the various social media and search companies
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