Yahoo Finance has recently been criticized for allegedly excluding press releases from crypto companies. Blockchain technology-focused company BTCS Inc. (NASDAQ: BTCS) has discovered that its press release has not appeared on Yahoo Finance despite being distributed through major wire services. At that time, the controversy became clear.
Other crypto-centric companies, including Marathon Digital Holdings, Riot Platforms, Strategy, BitFarms, CleanSpark, Terawulf and Argo blockchain, are reportedly unable to view the announcement on the platform. Publicly listed crypto companies that are banned from Yahoo Finance now represent market capitalizations of over $212 billion.
BTC initially believed that the issue could be a technical glitches or monitoring. However, when asked for clarification from Globenewswire (one of the major press release distribution services used by publicly available companies), Yahoo Finance clearly chose not to display these crypto-oriented announcements. I learned that.
Globenewswire has confirmed that the platform does not provide any official description or policy statements to justify the block.
“Unfortunately, Yahoo Finance maintains its policy of not publishing crypto-related news or announcements. This policy is consistent across the industry and blockchains such as fireside chat, as described in this release. Applies to all crypto-centric topics, including related events.”
“We’re looking forward to seeing you in the future,” said Charles Allen, CEO of BTCS.
“Yahoo Finance systematically excludes all press releases from publicly available blockchain companies and is looking to effectively censor content from across the industry. Shareholders are expected to be timely and accurate. We rely on trusted and authoritative sources like Yahoo Finance to get information.
Allen also advocated the importance of fair reporting, saying:
“It is important that platforms like this maintain open and transparent communication channels and ensure that all stakeholders in the investment community equally benefit from timely and comprehensive news.”
At this stage, the decision to rule out blockchain-related press releases appears to be primarily at Yahoo Finance, despite the lack of official confirmation or rejection of policies specifically targeting the crypto sector.
With the US’s first amendment, there is scarce evidence that Yahoo Finance is violating federal laws, as private media outlets can afford to determine what content is being published to the public. Regulation Fair Disclosure (Reg FD) liability is usually based on public companies, not news aggregators who have the freedom to introduce or omit content at their own discretion.
As a result, if Yahoo Finance wants to reduce or omit crypto-related releases without announcing its formal policy, as long as businesses can distribute the news widely elsewhere, there is almost no legal reliance on those excluded. there is no.
Still, the suspected block of press releases could be at a disadvantage against regular investors, especially those who rely on Yahoo Finance’s real-time information feed. This is an incredible development as blockchain and digital assets are increasingly shifting to mainstream finance.
Publicly traded crypto companies are becoming important forces in the marketplace representing a growing sector that undoubtedly guarantees the same level of visibility as more traditional industries. The private exclusion of press releases could appeal to investment sentiment or create an uneven playing field for issuers, but no official accusations of market manipulation have been imposed.
Yahoo Finance has so far issued no statement to address BTCS claims or similar complaints from other crypto companies. BTCS continues to distribute press releases via recognized channels, urging the platform to clearly explain why updates from Blockchain Enterprises appear to be chosen.
Reflecting the frustration of many people in the sector, Allen said that preventing major updates in the industry from reaching prominent resources of financial information is far beyond either company. It claims to bring results. He emphasizes that blockchain investors and crypto-centric companies deserve access to critical real-time disclosures through the same widely recognized channels covering traditional stocks.
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