REddit

Reddit announced it has jumped into the NFT space with the release of a series of “collectible avatars” on the polygon blockchain network. Although the word “NFT” did not appear anywhere in Reddit’s announcement, its new collectible avatars share many similarities with non-fungible tokens.  Users can Showcase Tokens as Profile Pictures According to its official release, Reddit will launch the virtual avatars in conjunction with Ethereum’s layer-2 Polygon protocol. Working with independent designers, the Reddit team pulled together a collection…

Reddit continues its integration of CryptoSnoos, a collection of four NFT avatars, on its platform. The Ethereum-based NFTs were each auctioned for up to $400,000 to be used as Reddit avatars. One of Reddit’s NFT avatars still sees activity, despite its initial introduction in June 2021. The continued scarcity of these collectibles suggests that Reddit may still be testing this integration before producing more avatars or allowing users to mint and use their own NFTs on the platform. Redditors with…

Reddit made another step towards going public. The social media giant announced filing a confidential draft statement for a planned IPO this Wednesday. The company filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement uses SEC Form S-1. Public companies in the US use the form to register new securities. The SEC requires this form and doesn't allow stock listing on the national exchange without it. Usually, companies submit the S-1 Form before their initial…

GamblersPick talked to 1,000 US investors recently on their crypto holdings, how they finance their portfolios and maintain their investments. The survey shows a third of the number consulted Reddit before making their crypto investments. Out of the total number, 35% admitted to having dived into crypto via Elon Musk’s influence. The Influence of Reddit According to survey outcomes, crypto enthusiasts have made funding calls after consulting Reddit. More so, over a 3rd of crypto holders reported getting information there. …

Popular meme token Dogecoin has just received its first update in several years, aiming to respond to the recent influx of users. This shows the growing enthusiasm around the meme coin, which shows no signs of waning.  Minor update to Dogecoin blockchain The latest development was revealed on Reddit by a group of developers. The update named "Dogecoin 1.14.3 Core" is a minor change that includes significant performance improvement on its blockchain.  The most notable change is an improvement in sync speed,…

After a few days of bearish trend, the crypto market has rebounded in the past 24 hours of trading.  This upsurge in price movement sees most of the top coins trading in green with a few in double digits profits. Bitcoin recovers towards $32,000 Bitcoin has not enjoyed the best of weeks as the leading coin is on a bearish trend. The price of BTC has struggled to make significant gains since it surpassed the $40,000 mark two weeks ago.…

On Jan 27, 2020, Reddit announced it’s first-ever blockchain partnership with the Ethereum Foundation. The social media platform that boasts around 50 million Redditors stated that the new partnership aims to provide development resources to ETH scaling tools. Per the announcement shared on the Ethereum subreddit, admin u/jarins revealed that the Reddit community would contribute to the ETH blockchain by launching upcoming applications that can scale. The admin said that his platform would make immediate efforts to bring ETH to…

A Reddit user recovered the keys to a 9-year-old Bitcoin wallet, which contained 127 BTC. This unintended long-term holder pocketed not less than $4.2 million after selling his Bitcoin stash. A New Year Gift This remarkable story was shared on Reddit by a Redditor with the user name Bitcoinholderthanku (BHTU). According to his testimony, he had obtained 127 BTC nine years ago from participating in a faucet. This is an application that gives cryptocurrency to users who complete surveys and…

A new wave of phishing scams has been directed towards Ledger users who have been targeted by scammers. This latest scam attack targets users whose information was leaked following the breach that occurred on the Ledger database earlier in the year. The current phishing scam was discovered by a Reddit user with the moniker sue-ledger. According to the user, he was going through his spam mails, where he noticed a few Ledger phishing emails. On taking a closer look, he…