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Aug. 22 (NBD) -- Eight more WeChat official accounts of blockchain platforms, including Huobi News, Deep Chain and Cointime, were blocked by WetChat on Tuesday, suspected of publishing hype information on initial coin offering (ICO) and trade of virtual currency. 

As advertisements, paid trainings and online/offline activities are major sources of income for blockchain media, some of the media accounts are reported to recommend digital currency and lead investors to participate in ICO.

According to the news portal People Capital, the leading blockchain media Bishijie.com charged 2 ethereum for each quick news and 15 ethereum for an exclusive interview. Some blockchain media accounts are able to make monthly revenue of up to 20 million to 30 million yuan (2.9 million to 4.4 million U.S. dollars). Even less famous accounts can earn more than 100,000 yuan (14,647.5 U.S. dollars) every month.

To standardize activities, blockchain platforms such as ChainDD, Tuoniao Blockchain and Deep Chain jointly made an announcement on March 7, asking all blockchain media to obey seven rules listed in the statement. The media should not threaten any party with negative reports and release fake news to mislead or cheat investors. Moreover, project sponsors are not allowed to directly publish any information. 

NBD noted that around seven blockchain media secured investments on March 1-9 this year.

Founded in early 2018, Deep Chain is the first media that provides in-depth reports on blockchain. In March this year, the website announced that it has completed angel round funding worth 10 million yuan (1.5 million U.S. dollars) offered by Plum Ventures, PreAngel, ChainFund, Dfund and other 4 companies.

Last year, the leading blockchain service platform Cointime obtained its angel investment of 6 million yuan (878,850.5 U.S. dollars) in March and raised another 8.5 million yuan (1.2 million U.S. dollars) in Pre-A round financing in August. 

Email: zhanglingxiao@nbd.com.cn