News Explorer — Reddit Kills Community Points Program Due to Blockchain Issues

Generated by AI, curated by humans

Oct 17, 5:41 pm

Techcrunch

Reddit Kills Community Points Program Due to Blockchain Issues

Reddit is winding down its blockchain-based "internet points" program, Community Points, due to the high resource requirements and regulatory challenges. Community Points were awarded to users who positively engaged in select subreddits and could be used for special features. However, scaling the program proved difficult, leading Reddit to prioritize other rewards programs that are easier to scale and understand.

Reddit is winding down its blockchain-based "internet points" program, Community Points, due to the high resource requirements and regulatory challenges. Community Points were awarded to users who positively engaged in select subreddits and could be used for special features. However, scaling the program proved difficult, leading Reddit to prioritize other rewards programs that are easier to scale and understand.

Latest

Jun 2, 3:35 pm

Decrypt

Bitcoin Plunges 12% to Lowest Price in Months, Fueling Pessimism Among Traders

Bitcoin traders are losing faith in its potential to rise, with Myriad users predicting a 53% chance of dropping to $55,... Read Summary

Jun 2, 2:24 pm

Decrypt

Helium Mobile Acquired by Andrew Yang's Noble Mobile

Noble Mobile, led by Andrew Yang, has acquired Helium Mobile, known for its decentralized network and affordable mobile... Read Summary

Jun 2, 1:30 pm

Coindesk

Franklin Templeton, MoonPay Partnership Facilitates Stablecoin-to-Tokenized Fund Exchanges for Institutions

Franklin Templeton's partnership with MoonPay enables institutional investors to seamlessly exchange stablecoins for the... Read Summary

Jun 2, 1:25 pm

Decrypt

Mt. Gox Transferred $739 Million in Bitcoin Ahead of Next Wave of Repayments

Mt. Gox, the defunct crypto exchange, transferred over $739 million in Bitcoin, moving 10,422.65 BTC to a new wallet and... Read Summary

Jun 2, 1:00 pm

Coindesk

Movement Shifts From Ethereum Layer-2 Network to Stablecoin Tech for Emerging Markets

Movement, originally focused on linking blockchains with Ethereum, is now shifting towards cross-border payments and sta... Read Summary

Jun 2, 12:52 pm

Decrypt

Bitcoin Is Falling, But NEAR, Worldcoin and ICP Are Rising

Despite Bitcoin's decline and liquidations, select altcoins like NEAR Protocol, Worldcoin, and Internet Computer have se... Read Summary

Jun 2, 11:50 am

Coindesk

Ripple Expands RLUSD Stablecoin Into Turkey

Ripple's RLUSD stablecoin is entering the Turkish market through collaborations with BiLira, Bitexen, and Bitlo. With a... Read Summary

Jun 2, 9:00 am

Coindesk

MoneyGram Rolls Out Stablecoin on Stellar for Faster Cross-Border Payments

MoneyGram has introduced its own stablecoin, MGUSD, on the Stellar blockchain, enabling customers to hold a dollar-denom... Read Summary

Jun 1, 9:32 pm

Decrypt

Telegram Says It Will Rebrand Toncoin to Gram After Taking Over From TON Foundation

Telegram has rebranded its Toncoin as Gram, the original proposed name, as part of its takeover of The Open Network. CEO... Read Summary

Jun 1, 8:48 pm

Coindesk

Keyrock to Acquire Bankrupt Crypto Firm Blockfills Pending Court Approval

Keyrock, a Brussels-based digital asset services firm, is set to acquire bankrupt crypto trading and lending firm Blockf... Read Summary

Jun 1, 9:02 pm

Decrypt

'Trump Coin Club' Plans Exclusive Events for Meme Coin Holders, Starting With FIFA World Cup

Bill Zanker, a key figure in President Donald Trump's official meme coin project, is launching the "Trump Coin Club" to... Read Summary

Jun 1, 7:58 pm

Decrypt

Polymarket Users Bet on Strategy Selling Bitcoin—It Did, But There's a Problem

Strategy, holding over $60 billion in Bitcoin, sold 32 BTC worth $2.5 million before May 31. The market's resolution is... Read Summary

Jun 1, 7:33 pm

Decrypt

After Bitcoin Perps Approval, Kalshi Eyes XRP, Dogecoin and Many Other Altcoin Products

Kalshi has filed to offer perpetual futures tied to various altcoins in the U.S., following CFTC's approval of Bitcoin f... Read Summary

Jun 1, 6:21 pm

Decrypt

Coinbase's Push Into Perpetual Futures Faces Challenges From Competition: Compass Point

According to analysts at Compass Point, Coinbase's efforts to offer leverage for digital asset speculation through perpe... Read Summary

Jun 1, 5:01 pm

Coindesk

Ethereum Founder Vitalik Buterin Proposes Using Options Contracts in DeFi to Mitigate Liquidation Risks

Vitalik Buterin proposed using options contracts to create index-tracking assets in DeFi, aiming to reduce sudden liquid... Read Summary