Reports of Hamas using crypto to fund recent attacks in Israel could make Coinbase’s lobbying efforts more difficult, says Berenberg lead analyst Mark Palmer.
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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 future opportunities for Community Points, there was no path to scale it broadly across the platform.”
The Community Points service, including the special memberships feature, will be wound down on Nov. 8. “At that point, you’ll also no longer see Points in your Reddit Vault nor earn any more Points in your communities,” the Reddit team member wrote.
Reddit’s Community Points will be shuttered on Nov. 8. Source: RedditFirst launched in May 2020, the community points feature rewarded users with points for positive engagement in certain subreddits and was designed to incentivize higher-quality content on the platform.
The points were Ethereum-based ERC-20 tokens stored in the platform’s in-house crypto wallet service dubbed the “Reddit Vault.”
Reddit to wind down blockchain-based rewards service ‘Community Points’
Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues.
Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch
Blockchain data from Etherscan suggest Scroll’s mainnet was live over a week ago.
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
US expands export controls for AI semiconductor chips to China
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.
Europe's AML regulations come at a high cost — for your privacy and otherwise
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.
Nishad Singh says there was 'a lot' he didn't remember about FTX in 2022 — SBF trial
Sam Bankman-Fried's defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
Platypus Finance recovers 90% of assets lost in exploit
As per its agreement, project developers will not pursue legal action against the hacker.
Immutable delays $67M token vesting by another year
125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024.
Immutable delays $67M token vesting by another year
125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024.
Fantom Foundation hacked for an estimated $6.7M: Report
Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account.
Fantom Foundation hacked for an estimated $6.7M: Report
Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account.
BTC price models hint at $130K target after 2024 Bitcoin halving
Bitcoin is due to double its current BTC price all-time high within two years of the April 2024 halving, the models suggest.
Binance US asks users to convert USD into stablecoins for withdrawals
Binance US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said.
Binance US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said.
Russian telecoms giant MTS announces ads service targeting Telegram users
Telegram denies that it has entered any advertising-related agreements with Russian companies.
Crypto investor protections in EU won’t take effect until late 2024
Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late as July 2026, the ESMA said.