Reddit

Reddit has drastically reduced its cryptocurrency holdings, liquidating the majority of its Bitcoin and Ethereum assets during Q3

ChatGPT appeared to have reached out to a user proactively.

Publicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.

Reddit's IPO aims for a $6.5 billion valuation, drawing significant attention despite a subdued IPO market. Strategic decisions, including employee share sales and community recognition, underscore Reddit's innovative approach. Market response will reveal Reddit's standing and future prospects.

When searching for the renowned singer "Israel Kamakawiwoʻole" on Google, what surfaces isn't an iconic album cover or a live performance image but an AI-generated depiction. It's an intriguing, albeit fake, portrayal of the artist, redirecting users to the Midjourney subreddit upon click.

Reddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.

Recently, Reddit discontinued its blockchain-based points programme, which revolved around the utilisation of specific crypto tokens unique to subreddits.

The prices of related tokens like MOON, BRICK, and DONUT have taken a hit.

Reddit to phase out Community Points — The blockchain-based program that was designed to reward creators and developers on the platform.

Reddit has announced the discontinuation of its blockchain-based rewards initiative, Community Points. The decision, outlined by Tim Rathschmidt, Reddit's director of consumer and product communications, comes as a response to the escalating challenges in scaling the program, exacerbated by evolving regulatory conditions.