Tuesday, October 15, 2024
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Reddit to wind down blockchain-based rewards service ‘Community Points’

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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Lido on Solana wind down ‘deemed a necessity’ after low fees, says staking firm

Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer team on Sept. 5, citing unsustainable financials and low fees generated

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Yuga Labs to wind back from OpenSea over its axing of royalty enforcements

Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter. The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfungible token sales only to marketplaces that

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Siemens Energy Stock Loses 35% as Review of Issues at Subsidiary Shows Wind Turbine Problems Could Last for Years

Siemens Energy CEO Christian Bruch said that “too much had been swept under the carpet” concerning Siemens Gamesa. Shares of Siemens Energy declined 35% earlier today as the company discarded its profit prediction and mentioned lasting wind turbine issues. Following a review of concerns at its subsidiary Siemens Gamesa, the company

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Bitcoin $BTC, Ether $ETH Prices Stuck in ‘Wind Tunnel’

Bitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader

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