Reddit mentioned in the filing that it is not surprised by the FTC’s interest in this area due to the unique nature of the technologies and business agreements.
Reddit News
Reddit is a social news site where all registered users can share links with any information they find interesting. Like many other popular sites, Reddit has a voting system so that a post which receives a large amount of “upvotes” gets a chance to be shown on the main page. The author of the site explained the origin of the name with the phrase: “I read it on Reddit”.
Reddit’s cryptocurrency news is related to topics that users provide, together with the participation of the platform itself concerning the world of digital currency. Reddit was one of the first organizations that began accepting Bitcoin, although they stopped accepting cryptocurrency in March, 2018, perhaps because of the constant breaches on the platform which they used for making transactions, according to the Reddit administration. Nevertheless, in April of the same year, there was news about a revival of BTC in the service with addition of Ethereum and Litecoin.
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Explore a collection of Bitcoin memes marking its latest all-time high (ATH) of $70,199.
3569The partnership with Google marks Reddit’s first known agreement with a major company building AI.
4133The social news network also revealed it has been experimenting with Ether and MATIC as a form of payment for sales of virtual goods.
6296Social media giant Reddit reportedly intends to launch its initial public offering (IPO) in March, nearly three years after hiring IPO advisers.
1096One community member on X described the move as “another black eye” for the NFT industry.
6163The SafeMoon token nosedived as it was revealed the company behind it had filed for bankruptcy, but it has regained slightly since.
15730Worldcoin released a new version of its World ID feature with multiple app integrations.
8903On Oct. 18, Reddit closed its blockchain-based points program that involved the use of certain crypto tokens native to subreddits.
5304Analysis suggests at least three Reddit moderators dumped thousands of dollars worth of Moons just minutes before the actual announcement.
40984Reddit will shutter its Community Points feature on Nov. 8, citing scalability issues.
3073The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately halted the project.
4517Coca-Cola has chosen the newly-launched Coinbase layer-2 network Base to deploy its Masterpiece NFT collection.
5636The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation.
8181The creators of the popular NFT game Axie Infinity announced a partnership with NFT collection CyberKongz to migrate the Play & Kollect game to Ronin.
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