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   795

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.

Huobi to Launch Argentinian Branch

Argentina is undergoing the financial crisis right now and head of the new branch believes there's a consensus been reached on the rejection of local currency
18 September 2019   49

Huobi Group has continued to expand its network of local cryptocurrency exchanges based on the Huobi Cloud platform, launching a trading platform in Argentina.

Huobi Argentina plans to create a local team and fiat gateway to trade or convert Argentine pesos into cryptocurrencies, the company said in a statement.

The payment channel will be launched by mid-October. It is assumed that users of Huobi Argentina will be able to make deposits using bank cards, transfers and through the most common digital payment systems in the region. Currently, you can purchase cryptocurrencies for pesos through the Huobi OTC service.

The opening of the Huobi cryptocurrency exchange in Argentina came at a time when the economy of this second largest country in Latin America was in a deep crisis. This year alone, inflation reached 55%, and President Mauricio Macri recently introduced new restrictions on access to foreign currencies.

According to Carlos Banfi, head of Huobi Argentina, a consensus has already been reached in Argentina on the rejection of local currency and banking services.

The increasing demand for crypto-related products and services makes Argentina a perfect entry point for Huobi to pursue larger projects in promoting cryptocurrency and blockchain to the market. With the launch of Huobi Argentina, we will be able to first offer local user the opportunity to trade with Huobi’s proven security, liquidity, and stability.

David Chen
Senior Business Director, Huobi Cloud

Earlier, the Huobi Group announced plans to expand its operations in emerging markets and open 150 sites under the Huobi Cloud program. Since the launch of Huobi Cloud in 2018, more than 120 trading platforms have been created on its basis, including in Thailand, Turkey, Indonesia and Russia.