YouTube bans Bitcoin magazine’s 60K subscriber channel

Youtube just banned the official channel of Bitcoin Magazine during a live broadcast on Cash App integrating the Lightning Network, Bitcoin mining in Kazakhstan and other Bitcoin related news.

The platform justified the ruling saying that “content that encourages illegal activity or encourages users to violate YouTube guidelines is not allowed on YouTube,” adding that exceptions can be made if a video presents the information as educational content instead to encourage others to imitate them.

Google’s video platform restored Bitcoin MagazineYouTube channel less than an hour after media company Bitcoin filed an appeal.

It is not known for what reasons YouTube used to ban Bitcoin Magazinethe chain of. The live stream informed viewers of the latest Bitcoin news, including that the money transmission platform Cash App had started rolling out Lightning integration for some users, the latest mining industry updates from bitcoin in Kazakhstan after the protests that followed last week, and Jack Dorsey’s Block new push to develop next-generation bitcoin mining ASICs.

After the ban, Bitcoin live content search results turned into live broadcasts promoting questionable results with a sense of urgency typical of scam activity, instead of the well-founded informative and educational content and carefully constructed broadcast by Bitcoin Magazineis now a banned YouTube channel.

The first search result was promoting a program in which the viewer sends a certain amount of BTC to an address displayed on the screen and the streamer supposedly returns double the amount – a classic tactic used by crooks to send funds quickly to naïve people who never will. review their BTC. The video plays a clip of Michael Saylor in the background in an effort to add authenticity, although it’s clear the stream is not being produced by his company, MicroStrategy, as the channel name suggests. lets believe. It goes without saying, but never send bitcoin to anyone in the hope of getting it back – you won’t.

Update (January 11, 4:40 p.m. ET): Note that Bitcoin Magazine’s YouTube channel is back live in the third paragraph and update the time in the fifth and sixth paragraphs.