Reddit to Reportedly Launch IPO in March
According to Reuters, social media platform Reddit reportedly plans to initiate its initial public offering (IPO) in March, nearly three years after hiring IPO advisers. As of the time of listing, the valuation of the IPO shares purportedly sold by the San Francisco-based company amounts to approximately 10%. The valuation of the social media giant […]
Reddit Users Report Ripple Scam on YouTube
As is a customary tactic for fraudsters, Reddit users have identified a deepfake video purporting to show Ripple CEO Brad Garlinghouse requesting XRP holders to transfer their coins to a specific address with the assurance of receiving double the amount back. A participant of the online forum stated in a Reddit thread that they had […]
Reddit Removes Moderators for MOON Token Insider Trading
The r/CryptoCurrency community on Reddit has fired two moderators involved in insider trading of the Moons (MOON) token. According to a report on October 20, at least three wallets associated with Reddit group moderators dumped hundreds of thousands of dollars worth of MOON tokens on October 18, mere minutes before the official announcement of the […]
Reddit Closes Blockchain-based Community Points Service
Reddit has ended the blockchain-based Community Points reward program, citing regulatory and scalability issues. Reddit recently decided to stop using Community Points, their blockchain-based rewards program. Reddit mentioned the difficult regulatory environment and scalability problems as the main causes of the change in an official statement first published on TechCrunch. The Community Points scheme , […]
Kraken Listing Sends Reddit Community Tokens to Moon
Kraken, on August 7, announced the listing of the two Reddit community tokens, Moon and Brick, for spot trading and long-term futures. Two Reddit users’ creations, Moons and Brick, have increased 48% and 443% in value during the past week since being launched on the cryptocurrency market Kraken. The listing of Moons (MOON) and Brick […]