YouTube’s cryptocurrency purge continues as YouTube suspends Ivan on Tech

YouTube is still causing problems for the cryptocurrency community.

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YouTube’s controversial move to silence influential crypto channels in the wake of Bitcoin halving is now garnering widespread criticism from the crypto community.

One of the most prominent crypto channels, Ivan on Tech, now faces another ban on YouTube and is suspended at least until the Bitcoin Halving.

Note: Bitcoin Halving is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. Bitcoin halvings are scheduled to occur once every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network.

It is not the first time that YouTube has silenced popular voices in the realm of cryptocurrency.

While there is an ever-increasing interest surrounding the halving of Bitcoin, there is an equally grim censorship condition faced by crypto influencers meaning content creators will be silenced during this important event.

Word has it that the crypto content on YouTube might be at the helm of political wars as well. Several rumors point to the fact that negative comments about the EOS blockchain might potentially lead to the content being flagged.

However, it was also found that paid or sponsored content was rarely subject to such censorship activities.

For instance, the promotional videos of the OneCoin ponzi scheme event are still live and unreported on the platform.

The recent streak of bans and suspensions across YouTube also concerns several cases of real-time commentary, which can turn out to be problematic for the platform’s top influencers.

It was further revealed that a set of few terms such as “coronavirus” were reportedly increasing the chances of facing bans.

Moreover, several videos covering the coronavirus epidemic were demonetized as well, and YouTube admitted that it would be doing more of this.

Though other social media channels have gained popularity in recent times, prominent platforms such as YouTube are still a major source of news for receiving key-insights and discovering new information.

At such a juncture, YouTube’s decisions to crack down on independent creators and vloggers is not sitting well with users.

Somewhat ironically, while YouTube is suspending cryptocurrency information channels on a regular basis, YouTube channels that are hacked and are running cryptocurrency scams are still operating several months after they were reported to YouTube.

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Naga Pramod

Naga Pramod is a computer science major and tech news reporter with a passion for cyber security, networking, and data science. [email protected]