CryptoCoinsNews1 began its life as a MFA2 website that took the daily fecal matter which reached the top of /r/bitcoin, rewrote it and regurgitated it back into the reddit system for upvotes, views and of course, Adsense revenue. The site looked like the creation of your typical Digital Point native, full of articles with poor English and straight up duplicate content stolen from other websites.
This was the MO for CCN during much of 2013 but towards the later part of the year, that changed. In October, 2013, CCN began pumping altcoins such as Worldcoin to its visitors in what they called the CCN "Investment Club". In exchange for a payment of 0.1 BTC and an email address, CCN promised to readers a weekly analysis of “various altcoins listed on exchanges such as mcxNOW.”
As of December, 2013, the investment page was changed to reflect that the club had reached over 500 members and included a disclaimer which stated that while the CCN Investment Club tries to bring users the latest information to assist with trading decisions, they take no responsibility for any losses incurred and that members and readers agree to the T&C3. Being that CCN is known for bullshit, it included an image of an office building to give users the impression that the newsletter and website was being run from a business district instead of some dump in India4. To date, the payment address5 has received 27 transactions for a total of 1.499 BTC. The page still remains on the CCN domain boasting “more than 1000 members. ”
Clearly not making any significant amount of bitcoin with the investment club scam, CCN cleared the decks, began purging a lot of the duplicate content and shitty articles that had plagued the site since its inception and began advertising for journalists on sites such as Freelancer and CCN itself. The purge concluded with an apology letter which promised that going forward, CCN would provide its readers with quality articles.
CCN brought in an editor by the name of Kyle Torpey who previously worked as a copywriter and SEO specialist. Kyle Torpey has written articles for the likes of Business Insider, VICE Motherboard, Let's Talk Bitcoin as well as appearing on Max Keiser's Keiser Report in March of 2014 where he pumped Auroracoin. This goes a long way to explain how a blogspam site such as CCN managed to get itself included in the Google News directory and the success it has since enjoyed because of that.
After going through countless iterations of free wordpress themes, CCN settled on a design that would allow it to sell not only worthless banner spots to scammers7 but allow the same scammers to publish the scam in their own words under the guise of "sponsored articles."
For example, on the 29th of September, 2014, CCN accepted payment of $2508 to publish an article by Rhinoceros Laboratories where it advertised its assortment of products designed to scam CCN readers. When people commented that hey, this looks like a scam, instead of removing the article, CCN just distanced themselves from it by publishing another article that suggested it might or might not be a scam and through their disclaimer, leaves it up to the reader to find out9.
David Parker10, Caleb Chen11,
Kyle Torpey and the other shills who write for CCN do not get to distance themselves from scams by simply including a dubious disclaimer yet charging thousands of dollars12 to the scammers at the same time. CCN writers might claim they are not affiliated with said scammers but they are in fact complicit in such fraudulent activity. CCN are the shills for the grifters that advertise on their website.
Update 21/12/2014 – Kyle Torpey has alleged he was pressured not to talk negatively about altcoins, threatened to have his pay withheld and short changed on his last payment from CryptoCoinsNews. Although he did not provide proof of this, when his most recent articles published at Inside Bitcoins are compared alongside the continued fraud that occurs at CCN, I am inclined to believe him and put his previous work at CCN down to naivety.
Made for Adsense. ↩
That being the T&C itself, no link to an actual page drafted by someone knowledgeable in writing such things ↩
Worthless because a legitimate business would not pay to advertise here. ↩
Pricing as per https://www.cryptocoinsnews.com/advertise-with-bitcoins/ ↩
The reader typically finds out by placing a pre-order and receiving nothing ↩
Director of CCN ↩
Long time editor ↩
A sidebar banner 300*250 costing USD $3000 a month ↩