Reddit Chooses to Leverage Arbitrum’s Layer-2 Tech With Community Point ETH-Based Tokens – Bitcoin News
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Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points
Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system.In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution
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Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up
With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit.The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising given DOGE’s
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Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free
Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC. A thread started by “uGroundbreakingLack78” took the Reddit community all the way back to June 2010 when Andresen first launched
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Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing
The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies. Source
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Reddit Raises $250M After WallStreetBets’ GameStop Pump
Reddit has raised $250 million in a Series E fundraising round, the company announced Monday night. The social media site, which said both new and existing investors participated but did not disclose their names, plans to double its headcount with the funds, as well as build out its “video, advertising, consumer
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Reddit Spends Entire Marketing Budget on 5-Sec Super Bowl Live Ad
Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference.Social media giant Reddit Inc blew up its entire marketing budget on a five-second WallStreetBets-inspired super bowl live ad on Sunday. Reportedly, Reddit
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Is This the End of the Reddit Retail Investor Dream?
As GME plummets and traditional financial media turns its attention elsewhere, where does the retail trading insurgency go from here? This episode is sponsored by Nexo.io.WallStreetBets is having a rough day. Its stocks are crashing. Champions from as recently as last week are selling out. More brokerage apps are turning
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Reddit co-founder hoists the Bitcoin flag on Twitter amid price surge
Reddit co-founder Alexis Ohanian has joined Twitter CEO Jack Dorsey and Tesla CEO Elon Musk in updating their Twitter bio to Bitcoin (BTC).Ohanian’s bio update seemed in response to a tweet by tech entrepreneur and former Coinbase chief technology officer Balaji Srinivasan. As part of the tweet, Srinivasan highlighted the
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WallStreetBets Reddit Group: What Is It?
Even after Cohen joined the board and the stock price began to rebound, a handful of hedge funds and other institutional investors continued to short-sell GME stock. This was likely an attempt by large players to out-muscle amateur traders and induce panic selling. The WallStreetBets Reddit community saw this as
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