CCN to Report on Shutting Down

CCN team was forced to close after great mobile traffic decline, which reduced by 71% soon after the June update of Google Core Update
11 June 2019   595

The well-known crypto related announced the closure after a significant reduction in the mobile traffic.

According to representatives of the news resource, the share of traffic from mobile devices declined by 71% soon after the June update of Google Core Update.

Google Report on CCN Traffic
Google Report on CCN Traffic

CCN was founded in the summer of 2013 as CryptoCoinsNews. We have been around for six years. 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.

CCN Team

The CCN team also noted that the June update had a negative impact on the traffic of the aforementioned CoinDesk and CoinTelegraph, the traffic of which decreased by more than 20%.

It should be noted that soon after the rebranding and the change of the name, CCN often published news that was indirectly related to the blockchain industry, for example, related to the global economy, politics, the US-China trade war, etc.

Now CCN intends to reorient its team of more than 60 people to work with the HVY journalistic platform.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   68

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.