Reddit-Based Tokens Plunge on Report of Wind Down of Community Points

Canada News News

Reddit-Based Tokens Plunge on Report of Wind Down of Community Points
Canada Latest News,Canada Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

"Though we saw some future opportunities for Community Points, the resourcing needed was unfortunately too high to justify," Tim Rathschmidt, Reddit's director of consumer and product communications, told TechCrunch."The regulatory environment has since added to that effort," he added.

"Part of why we’re moving past this product is that we’ve already launched, or are actively investing in, several products that accomplish what the Community Points program was trying to accomplish, while being easier to adopt and understand," said Rathschmidt. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit plans to sunset its blockchain-based reward service Community PointsReddit plans to sunset its blockchain-based reward service Community PointsThe decision was due to difficulty scaling and a tough regulatory environment for cryptocurrency projects.
Read more »

Australian Treasury proposes to regulate crypto exchanges, not tokensAustralian Treasury proposes to regulate crypto exchanges, not tokensThe Australian Treasury has released its latest consultation paper on cryptocurrencies, where it says that crypto exchanges will be required to apply for a financial services licence.
Read more »

Uniswap to charge 0.15% to swap certain tokens on web interface and walletUniswap to charge 0.15% to swap certain tokens on web interface and walletUniswap will implement a 0.15% new swap fee for ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD.
Read more »

Uniswap Labs to Charge 0.15% Fee on Crypto Swaps Involving ETH, USDC, Other TokensUniswap Labs to Charge 0.15% Fee on Crypto Swaps Involving ETH, USDC, Other TokensDanny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Read more »

Everscale token price drops 20% as team says large number of EVER tokens were stolenEverscale token price drops 20% as team says large number of EVER tokens were stolenEverscale, a Layer 1 blockchain project built on Telegram Open Network architecture, said a large number of tokens have been stolen.
Read more »

Chainlink (LINK) Surges 30% in Five Weeks, Here Are Factors Behind RallyChainlink (LINK) Surges 30% in Five Weeks, Here Are Factors Behind RallyWhales aggressively accumulated 5.12 million tokens in last week alone
Read more »



Render Time: 2025-02-27 15:56:24