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Google Core Update: CCN, Daily Mail suffer; HuffPost, Tumblr rejoice

Sarvesh Kumar



Source: Pixabay

On June 3, Google announced a change in their algorithm, creating quite a flutter across the world. Although the US tech giant often rolls out minor changes in their core update, the recent one had a huge impact. It proved to be a boon for some, and bane for the rest.

Daily Mail, a UK-based publisher, has lost over 50% of its traffic on day one and is yet to recover from it, according to the Daily Mail’s Jesus Mendez. The statement was put out on Google Search Console.

He said,

“The day after the broad core algorithm update (June 3rd) we saw a massive drop in Search traffic from Google (lost 50% of daily traffic).” He also added, “This was a drop over the course of 24 hours and we have not made any changes to the site. Further, we saw our Discover traffic drop by 90% and has not improved. This is across all verticals, devices, AMP and Non-AMP.”

The latest victim of this update is CryptoCoinsNews, a crypto news aggregator company based out of Norway. Since, the roll-out, CCN has lost close to 71% of its traffic on mobile search.

CCN’s visibility on Google dropped to 0.6 from 1.2, which was pointed out by Sistrix, an SEO analyzer. One of the reasons cited for the shutdown was that CCN had a huge team consisting of both full and half-timers, and they did not want to downsize by laying them off. A statement by CCN said, “Our daily revenue is down by more than 90%.”

CoinDesk’s traffic fell by 34.6%, while Cointelegraph’s fell by 21.1% on mobile. Further, Daily Mail also lost 43% of its visibility.

On the other hand, a few domains got a boost in their visibility following the algorithm. A few notable ones include – HuffPost [34.64 to 49.86], Tumblr [14.23 to 16.88] and many others.

Journalists at CCN have demanded a few things from Google. They demand 3 months advance notice to all webmasters, and demand that they be informed about major updates and its effects. Finally, they demand the involvement of governments and the creation of apolitical task forces to examine search changes for the conservation of democracies, Freedom of Speech, Freedom of Press, and Freedom of Information.

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I am a journalist here at AMBCrypto. I cover news on prices of various coins in the crypto-verse and also work on the latest news of coins like - Bitcoin| Ethereum| Litecoin and more.


Ampleforth could help create next-gen synthetic commodities for portfolio diversification, claims Blockfyre report




Ampleforth could help create next gen synthetic commodities for diversification of portfolios claims new Blockfyre report
Source: Unsplash

Ampleforth was the first token to successfully complete an IEO on Bitfinex. This IEO caught the attention of a lot of users in the cryptospace, as the $5 million hard cap was sold out within the first 11 seconds. A new report by Blockfyre details how Ampleforth could pave the way for a new asset class for portfolio diversification in the future.

The report also highlighted a feature of Ampleforth that allows a flexible supply that adjusts to the market demand, while price simultaneously finds equilibrium. The token also aims to tackle the strong correlation that most cryptocurrencies share with Bitcoin.

Synthetic Commodity

Ampleforth project has the ability to create synthetic commodities that are disconnected when it comes to price fluctuations due to correlations, which is a common problem faced by both cryptocurrencies and traditional asset classes. Although Bitcoin was created to tackle problems that fiat currency inherently has, it still has some correlation issues.

In a world where traditional assets are widely affected by macroeconomic and global political scenarios, Ampleforth aims to create a new asset class, Synthetic Commodity, to tackle this problem.

The report stated,

“BTC as a synthetic commodity doesn’t show correlation to traditional markets such as stock stocks and bonds. Thus it reflects a potential good investment for portfolio diversification, in order to tackle macro-economic recession”

Although BTC is an uncorrelated asset, other cryptocurrencies are widely correlated to it. Ampleforth’s protocol introduces synthetic assets that “will always find a price-supply equilibrium by adjusting the price due to demand.” The report added,

“It needs to be emphasized, that these price-supply information will always be distributed amongst all token holders, so the supply of all token holders will decrease / increase. As a result, the overall cut of the total supply for each person will always remains the same.”

The report further said that if successful, Ampleforth will directly compete with Bitcoin’s $145 billion market cap and also against traditional asset market-based in fiat.

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