Reddit, a popular online community platform, is bidding farewell to its blockchain-based Community Points program, which includes the MOON cryptocurrency. This program, introduced three years ago, aimed to motivate Reddit users to contribute high-quality content. However, according to Tim Rathschmidt, Reddit’s Director of Consumer and Products Communications, maintaining it became too resource-intensive to justify. TheContinueContinue reading “Reddit Ends Community Points Crypto Program, Leading to Significant Value Drop”
Category Archives: Cryptocurrencies
Bitcoin ETF Approval Chances Soar to 90%, Bloomberg Intelligence Reports
In a significant turn of events for the cryptocurrency world, Bloomberg Intelligence analysts have revealed that the likelihood of the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin Exchange-Traded Fund (ETF) has surged to an impressive 90%. This newfound optimism stems from recent developments, including a legal victory for Grayscale Investments LLC and promisingContinueContinue reading “Bitcoin ETF Approval Chances Soar to 90%, Bloomberg Intelligence Reports”
Ferrari Now Accepting Cryptocurrency Payments for Luxury Sports Cars in the US, Europe Expansion Planned
Ferrari, the celebrated Italian luxury sports car manufacturer, has embarked on a trailblazing journey by embracing cryptocurrency as an accepted payment method for its opulent vehicles in the United States. Furthermore, they are gearing up to extend this innovative initiative into Europe in the coming months, according to an article on Reuters. This strategic shiftContinueContinue reading “Ferrari Now Accepting Cryptocurrency Payments for Luxury Sports Cars in the US, Europe Expansion Planned”
The Rise of SocialFi: Decentralized Social Media Meets Finance
In the ever-evolving landscape of Web3, a new concept known as SocialFi is taking center stage. SocialFi, or SoFi, which combines social media and decentralized finance (DeFi), represents a groundbreaking shift in the way we interact with social platforms and manage our digital identities. As of today, the most popular SocialFi apps include Friend.tech, HookedContinueContinue reading “The Rise of SocialFi: Decentralized Social Media Meets Finance”
Tesla Website Code Hints at Dogecoin Payment Option for Cybertruck
In a surprising turn of events, the codebase of Tesla’s website has revealed a potential new payment option – Dogecoin – for purchasing the much-anticipated Cybertruck. Elon Musk, the CEO of Tesla, has been at the forefront of promoting Dogecoin, and this recent discovery has sparked speculation about the company’s plans for embracing the popularContinueContinue reading “Tesla Website Code Hints at Dogecoin Payment Option for Cybertruck”
Ethereum Foundation Sells 1,700 ETH Amid Market Fluctuations
The Ethereum Foundation, a non-profit organization supporting the Ethereum cryptocurrency, made headlines recently by selling 1,700 ETH on October 9, 2023, through the Uniswap exchange. They exchanged this ETH for 2.7 million USD Coin (USDC) at a rate of $1,611 per coin. Interestingly, the sale of ETH by the Ethereum Foundation had an impact onContinueContinue reading “Ethereum Foundation Sells 1,700 ETH Amid Market Fluctuations”
The debate should not be AI vs blockchain. It’s their synergy that matters
Blockchain technology has been hailed as a revolutionary force that has the potential to transform virtually every industry. It’s been the fundamental technology behind some of the most groundbreaking developments in recent years, including the rise of cryptocurrencies, NFTs, and web3. These technologies have disrupted traditional industries, unlocked new possibilities for innovation, and created opportunitiesContinueContinue reading “The debate should not be AI vs blockchain. It’s their synergy that matters”
The Bitcoin Maxis are probably right
I’ve been thinking lately about Bitcoin’s track record, and I’m beginning to think the Bitcoin Maximalists are on to something. Despite all the ups and downs, the Bitcoin engine has been chugging along like a champ, showing its strength and consistency through thick and thin. And with the recent market turmoil (thanks FTX), the wholeContinueContinue reading “The Bitcoin Maxis are probably right”
Self-custody is the only way crypto survives
This article contains affiliate marketing links. If we’ve learned anything in 2022, it’s that we can’t trust our crypto to remain on centralized exchanges. Between the collapse of Celsius, Voyager, BlockFi, and FTX, investors have collectively lost billions of dollars this year. Millions of dollars could’ve been saved if most investors held their crypto in self-custody. FailureContinueContinue reading “Self-custody is the only way crypto survives”
Texas should embrace Bitcoin mining and lead the way for the U.S.
There’s no question that Bitcoin and other cryptocurrencies have gotten a bad rap over the years. The year 2022 in particular has been a rough one as the house of cards has fallen for various crypto platforms, leading to a brutal bear market. All the while, questions remain over the sustainability of Bitcoin and theContinueContinue reading “Texas should embrace Bitcoin mining and lead the way for the U.S.”
The AfroCryptopian 