YouTube seems to proceed with its Crypto Purge as another blockchain and cryptocurrency channel was blocked for 3 days citing “promotion of illegal activity”. On the other hand, the platform often allows cryptocurrency scams, demonstrating that its security policy has a breach.
While many community members complain that YouTube is demonstrating hostility to cryptocurrency-related projects, scammers using the platform to trick people prove such measures are somewhat reasonable.
On April 29, Ripple’s Chief Technology Officer David Schwartz brought to public awareness that YouTube decided to suspend his active channel. All other crypto channels are facing uncertain times as YouTube is determinedly following the plan to remove all content violating community rules.
For the past few years, YouTube has had a policy of banning and even deleting channels promoting, analyzing, or talking about bitcoin and other cryptocurrencies. While the platform itself states they are trying to protect their users against scams, some community members say it much resembles ordinary censorship.
Google video sharing subsidiary YouTube has suspended the accounts of two popular cryptocurrency enthusiasts citing a breach of the company's terms and conditions. YouTube went ahead to delete the videos which it claimed violated its Terms and Conditions posted by the two cryptocurrency enthusiasts on their channels.
The prevalence of cryptocurrency has reached a whole new level with many users constantly searching for the latest information and news regarding the topic. Scammers on youtube are taking this as an opportunity to run fake live stream interviews with prominent names in the cryptocurrency space to garner large traffic to their youtube channels.
The relationship between cryptocurrency and Google seems to be in a worse and confusing situation. For a long time YouTube has been quite on Bitcoin and other digital currencies, but now, it has waged a war again some of the blockchain, distributed ledger technology (DLT) and digital asset content creators, especially those who violate or breach community rules.
The original digital asset Bitcoin has been trading above the $10,000 cap for over a month now, however, it seems the price of the coin is dropping towards the $8,500 level, according to information we gathered from YouTube compiled by senior cryptocurrency analyst Nicholas Merten alias DataDash.