Fri, March 29

U.S FTC Investigates Reddit’s Data Licensing Policies Amid IPO Preparations

A U.S Federal Trade Commission (FTC) investigation into Reddit’s data licensing policies for AI training has begun. In the midst of getting ready for its highly anticipated initial public offering (IPO), the firm is being investigated. A revised Form S-1 registration statement was filed with the U.S. SEC by Reddit

March 17, 2024 2 mins read

Reddit Files for IPO, Reveals Crypto Holdings in Bitcoin and Ether

Along with corporations like Elon Musk’s Tesla and Michael Saylor’s MicroStrategy, Reddit is one of the few that has directly bought digital assets, having put some of its surplus income in bitcoin (BTC) and ether (ETH). The social networking platform applied to the U.S SEC to list on the New

February 23, 2024 2 mins read

MOON Surges 149% After Reddit Channel Mods Announce Roadmap

In a landmark move, the team behind Reddit’s community-driven cryptocurrency, r/Cryptocurrency, has declared the renouncement of its native token, MOON, signaling a pivotal shift toward complete decentralization. The decision, detailed in an official blog post, is slated for finalization by month-end, permanently rendering the MOON contract immutable. This move ensures

November 14, 2023 1 min read

MOON, BRICK  & DONUT Fall As Reddit Discontinues Community Points

Reddit is discontinuing its Community Points program, a blockchain-based initiative aimed at rewarding creators and developers, in favour of focusing on more easily scalable rewards programs. To be precise, Community Points were introduced in May 2020 to incentivize positive engagement in specific subreddits and elevate the quality of content on

October 18, 2023 1 min read

Reddit’s Moon and Brick Tokens Price Skyrocket Post Kraken Listing

On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to

August 8, 2023 2 mins read

Reddit Launches New ‘Retro Reimagined’ NFT Avatar Collection

With over 18 million Polygon-based Collectible Avatars created over the last year, Reddit has swiftly become one of the largest brands related to NFTs, and it has now released another intriguing collection. The fourth generation of Reddit’s Collectible Avatars, dubbed “Retro Reimagined,” debuted today. It features hundreds of artists’ takes

July 27, 2023 1 min read

Reddit’s Moon Token Surges 67% as Crypto.com Announces Listing

Reddit users’ native token, Moons, has seen a meteoric rise in value after being listed on the crypto exchange Crypto.com. CMC reports that the trading price of a token is $0.48, up 67% in the last 24 hours. On Monday, after hearing that Kraken, a cryptocurrency exchange, was contemplating listing

July 19, 2023 2 mins read

Kraken Listing Rumors Drive Reddit Moons Token Up 72%

Users of the Reddit subreddit r/CryptoCurrency saw a significant increase in the value of their native token, r/CryptoCurrency Moons (MOON), on Monday after hearing rumors that Kraken, a cryptocurrency exchange, could list Moons. According to CMC, the token’s price increased by 72 percent in the last 24 hours, bringing it

July 18, 2023 2 mins read

Reddit Communities Temporarily Go Private in Protest Against API Fees

As a form of protest against Reddit’s contentious charges against developers of third-party applications, some communities, including major crypto subreddits, have opted to go private for 48 hours. Five of the top 10 communities on the site, with memberships of more than 30 million people each (r/gaming, r/aww, r/Music, r/todayilearned,

June 12, 2023 2 mins read

Reddit’s Collectible Avatars All Set To Cross 10 Million Holders

Nearly 11 months after its inception in July 2022, Reddit’s collectible avatars, or “Reddit NFTs,” are nearly 10 million holders. Dune Analytics estimates that as of right now, there are 9,909,465,000,000 people who own Reddit collectible avatars.  There are around 7.7 million people who have just one collective avatar wallet.

May 30, 2023 1 min read