Tag: Community

Reddit shuts down blockchain-based Community Points service

Reddit has decided to discontinue its blockchain-based Community Points reward system, citing scalability challenges and regulatory concerns. Reddit recently announced its decision to discontinue its blockchain-based rewards system, Community Points. In an official statement first published on TechCrunch, Reddit cited the challenging regulatory landscape and issues with scalability as primary reasons for the move. Launched in 2020, the Community Points program was developed as a mechanism to incentivize and recognize user participation in specific subreddits. Users could earn these rewards for activities such as garnering significant upvotes on comments or…

MOON, BRICK and DONUT Token Prices Plunge 60%-90% on Report of Community Points Windown

Moons (MOON), the native token of Redditโ€™s r/CryptoCurrency community, is lower by 85% on the news, while Bricks BRICK, distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut DONUT the token that represents the community points of the r/ethtrader subreddit is off 66%. Source BrickCommunityDonutMoonPlungePointsPricesReportTokenWindown CryptoX Portal

Ripple job posting hints at possible IPO, XRP community says

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Fintech payments company Ripple released a new job postingย on Oct. 16 for a shareholder communications senior manager across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the companyโ€™s plans to go public. The job posting outlines that the role will require direct communication with shareholders โ€” a concept generally associated with publicly traded companies. The chosen candidate would be responsible for developing and implementing communication and relationship management strategies for โ€œexisting and prospective investors, current…

KYC hook for Uniswap v4 stirs community controversy

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A new hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade on a pool. Criticizing the hook, a user at X (formerly Twitter) noted that the hook opens up the possibility of decentralized finance protocols being whitelisted by regulators: “As I explained in all my posts for the past year: It starts with โ€œkyc optionโ€ for LPs. And then eventually it moves into a โ€œregulator whitelist…

Mysterious $1.6 Million CrypToadz NFT Purchase Leaves NFT Community Puzzled

The reason for the surprise was that the average sale price for CrypToadz is typically under $1,000, making the sudden hundredfold increase in value in a short period of time seem questionable to experts. On October 9th, an anonymous crypto user bought a CrypToadz NFT on the popular NFT marketplace OpenSea for a shocking price of 1,055 Wrapped Ethereum (wETH), equivalent to around $1.6 million. This expensive purchase of a single non-fungible token representing one of over 6,000 illustrated amphibians raised eyebrows within the NFT community. The Surprising Price for…

Local Web3 community launches โ€˜Crypto Aid Israelโ€™ to help displaced citizens

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A collective of local leaders in the cryptocurrency space, including Cointelegraph, 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association and Bits of Gold, have joined together โ€‹โ€‹to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid. The ongoing and unfolding conflict has taken a heavy toll on the local civilian population, with casualties currently estimated in the thousands. According to Israeli news source Haaretz, the attacks on Israeli’s local population have resulted in the deaths…

Ripple CTO seeks community consensus for XRPL AMM feature adoption

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Ripple chief technical officer (CTO), David Schwartz has advocated for XRP Ledger (XRPL) validators to support the automated market maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Ripple’s CTO initiated a discussion on the XRPL’s AMM feature. In his initial post, Schwartz referred to AMMs as the intriguing decentralized finance (DeFi) innovation gaining attention, sparking queries for more details. The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency. known for its speed and scalability, making it…

Sui Foundation repurposes 117 million tokens for community development

The Sui Foundation reallocates 117 million SUI Tokens from external market makers to accelerate ecosystem development and support growth initiatives, including decentralized applications and liquid staking protocols. Sui Foundation has undertaken a major repositioning of its resources by retracting 117 million SUI Tokens from external market makers. The tokens will be redirected towards supporting Sui Networkโ€™s development and various other growth initiatives, without affecting the existing circulating supply. ๐Ÿ“ฃBreaking news! Weโ€™re reallocating 117M SUI from external market makers and redirecting them to initiatives designed to fuel ecosystem and community growth!…

DAOs can help scientists find funding and community, says Nature science journal

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The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available. In a DAO-based research scheme, a projectโ€™s organization, fundraising, feedback, and pipeline from discovery to product/industry can all be handled by the same decentralized governing body. Per the Nature article, the general workflow would also be streamlined compared to the status…