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Reddit initially filed for an IPO in December 2021 and was expected to make its public debut the following March. For the umpteenth time, the popular social media platform Reddit is reportedly getting set to make its public debut. This follows after a recent Bloomberg report confirmed that the firm has
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In the 24 hours following that move, prices of Moons (MOON), the native token of Reddit’s r/CryptoCurrency community, fell some 85% on the news, Bricks’ (BRICK), distributed as a reward for contributions in the r/Fortnite subreddit, dropped 67%, and Donut (DONUT), the token that represents the community points of the
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Reddit’s r/CryptoCurrency community has fired two moderators who were found to be involved in insider trading of the Moons (MOON) token, Cointelegraph has confirmed.As Cointelegraph reported on Oct. 20, at least three wallets linked to Reddit group moderators dumped hundreds of thousands of dollars worth of MOON tokens on Oct.
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Roughly 30 minutes before the announcement, moderators, with the insider information of the impending news, sold 456,353 MOON, then worth $92,000, according to data tracked by onchain sleuth Lookonchain. Another large tranche of 363,227 MOON hit the market two minutes before the announcement, adding to the selling pressure. Source
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Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddits tanked after the announcements. Each subreddit had
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Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in their Vaults, and will no longer earn points in their communities. American social news aggregation, content rating, and discussion platform Reddit has announced its decision to discontinue Community
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Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across
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Reddit has decided to discontinue its blockchain-based Community Points reward system, citing scalability challenges and regulatory concerns. Reddit recently announced its decision to discontinue its blockchain-based rewards system, Community Points. In an official statement first published on TechCrunch, Reddit cited the challenging regulatory landscape and issues with scalability as primary reasons
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Along with the Contributor Program, Reddit has announced an update to Reddit Gold – a paid feature that allows users to personalize their profiles. American social news website and forum Reddit has announced a new program where qualifying users can be rewarded with money for their contributions. Within the Contributor Program, qualifying Redditors, including
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The world’s largest soft drinks brand is delving deeper into the realm of non-fungible tokens, launching its first collection on the Coinbase layer-2 network Base.On Aug. 13 Coinbase announced the new Coca-Cola collection as part of its “Onchain Summer” event.“CocaCola is bringing their Global Masterpiece campaign onchain with iconic works
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