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Reddit to Cease Blockchain-Based Community Points Service
October 18, 2023
Reddit has announced the discontinuation of its blockchain-based Community Points feature, citing scalability issues as the main cause of the service’s demise. The Community Points were rewarded to Reddit users …
Read moreEthereum Layer 2 zkEVM Solution 'Scroll' Commences Mainnet Operations
October 18, 2023
The Ethereum Layer 2 scaling solution, Scroll, a new entrant in the zero-knowledge Ethereum Virtual Machine (zkEVM) domain has confirmed the launch of its mainnet. Scroll's mainnet had been operational …
Read moreThe Ongoing Sam Bankman-Fried Trial Unveils Intricate Details on FTX
October 18, 2023
The Sam Bankman-Fried (SBF) trial continues to unfold with former FTX director of engineering, Nishad Singh, providing detailed insight into the activities of the crypto titan and the exchange. Customary …
Read moreReddit Axes Community Points; Crypto Tokens MOON and BRICK Plunge
October 17, 2023
Reddit, the popular social news forum, has declared its intentions to halt its Community Points program and Special Memberships features by November due to scalability concerns. This announcement spurred a …
Read moreFantom Foundation Hacked, Estimated Loss Ranges Between $657K to $6.7M
October 17, 2023
The Fantom Foundation, responsible for developing the Fantom network, has allegedly become a victim of a crypto attack, with estimates of the loss ranging from $657,000 to over $6.7 million. …
Read moreUS Federal Reserve Expresses Concerns about Central Bank Digital Currencies and Stablecoins
October 17, 2023
In recent addresses, US Federal Reserve Governor, Michelle Bowman has accentuated skepticism regarding the role and necessity of Central Bank Digital Currencies (CBDCs) and stablecoins. She has expressed that financial …
Read moreFantom Foundation Acknowledges $550K Loss in Larger $7M Crypto Attack
October 17, 2023
The Fantom Foundation reported that they, along with their team, lost hundreds of thousands of dollars in a crypto attack on Oct. 17. The Foundation’s official account released a statement …
Read moreWeb3-Enabled Hello.App Raises Funds to Challenge Centralized Storage Providers
October 17, 2023
The Web3-enabled decentralized storage system, Hello.app, has recently managed to secure €300,000 in pre-seed investment. This platform was brought to light by young visionaries Álvaro Pintado Santaularia and Alexander Baikalov.Designed …
Read moreRipple's Recent Developments: Possible IPO and Advancements in Gaming
October 17, 2023
With recent job postings suggestive of an Initial Public Offering (IPO), Ripple stirred the crypto community. A post for Shareholder Communications Senior Manager led enthusiasts to anticipate the company's public …
Read moreAI Innovations and Economic Pressures Force Major Staff Layoffs in Tech Companies
October 17, 2023
With an increase in competition from artificial intelligence (AI) chatbots, developer and programmer platform, Stack Overflow, has cut its headcount by approximately 28%. CEO Prashanth Chandrasekar addresses macroeconomic pressures impacting …
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