Reddit mods dumped tokens hours before blockchain program termination
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 subreddi ...
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 futu ...
Cryptocurrency Challenges Halt Ambitious NFT-Linked Restaurant and Lounge Project in San Francisco
Bold ambitions for a restaurant and private members lounge in San Francisco, linked to non-fungible tokens (NFTs), have been abruptly abandoned. The project, which was under construction in Salesforce Park, was set to feature the "Sho Restaurant" and "Sho Club Sky Lounge." Access to the Sho Club ...
Nifty News: Coca-Cola gest Based, Reddit avatars reach 20M milestone and more
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.&ldqu ...
Reddit community tokens soar on Kraken listing
Moons and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an Aug. 7 announcement, Kraken announced the listing of Moons (MOON) and Brick (BRICK) fo ...
Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they no ...
NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30
In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboa ...
Polygon Co-founder Sandeep Naylwal Highlights Reddit’s NFT Success on the Polygon Network
Polygon co-founder Sandeep Naylwal celebrated the success of the collection This was helped by the popularity of the social network and sound policies Polygon co-founder Sandeep Naylwal took to Reddit to answer a bunch of questions and share his optimism about th ...
Controversial Message by Former CEO Raises Concerns about Customer Data Privacy
Eric Larchevec gave out a scandalous message It turns out that providers can turn over customer data by court order Ledger has drawn a lot of criticism the other day over its new Ledger Recovery service.. Instead of alleviating the situation, former CEO Eric Larc ...
U.S. Secret Service Cybercrime Division to Hold Q&A Session on Cryptocurrencies
The cybercrime division of the San Francisco office of the U.S. Secret Service (USSS) will hold a Q&A session on the Internet forum Reddit about the nuances of dealing with cryptocurrencies. The session will take place on Monday, May 15, at 11:00 a.m. Pacific Time - t ...
Armenian Entrepreneur’s $15K Investment Turned $82.3M in Ether
An Armenian entrepreneur made a smart investment move in 2014 by purchasing 50,000 Ether at a mere $0.3 per coin for a total of $15,000. Fast forward to today, and his investment is now estimated to be worth a staggering $82.3 million at the current exchange rate. Alexis Ohanian, co-fou ...