Reddit has acquired major cryptocurrencies, including Bitcoin, for a variety of reasons and has said it has been accepting digital asset payments for limited services since at least 2022. Social network Reddit holds Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC), according to its IPO submission to the U.S. SEC on February 22nd. Reddit said it is experimenting with blockchain technology and cryptocurrency tokens. We plan to list under the ticker RDDT and therefore comply with disclosure requirements. We invested some of our excess cash reserves in Bitcoin and Ethereum, and also acquired Ethereum and Matic as payment for the sale…
Author: Crypto Flexs
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Chiliz Chain aims for a minimum annual return of 5.72% APY by introducing Tokenomics 2.0, which improves utility and blockchain longevity with an 8.80% base rate and token burn mechanism. Evolution of Chiliz Chain token economics In a recent update, Chiliz Chain, a sports blockchain protocol for sports and entertainment, launched Tokenomics 2.0. These changes, which conclude the blockchain’s first year, mark a significant shift in the economic strategy of the native digital currency, $CHZ. Detailed Inflation Framework The updated token economics, introduced in early 2024, entails an initial annual base inflation of 8.80% per year, with annual decay rates…
Google is notorious for discontinuing products, even if they are popular, but claims that the tech giant is shutting down Gmail are simply not true.The deliberate hoax began unsurprisingly. on twitterThis may or may not have been a joke, in the form of screenshots of the announcement that were immediately splashed across the service with the help of several popular accounts.Attempts to quell the scam came quickly, but not fast enough to stop “Gmail” from trending all over Twitter and quickly spreading to other social media platforms such as Facebook. Cool your jets, folks. The ‘Gmail service is out of…
Ripple has always been like that. What to claim The price of XRP and manipulating its price Natural growth through coin sales. As the largest holder of cryptocurrency, Ripple has been subject to constant criticism of cryptocurrency. Amount of XRP heldDetractors argue that it has too much control and influence over prices. In particular, drama surrounding altcoins has been swirling recently, with claims that Ripple is manipulating the market and systematically selling off large holdings. This was done in view of the massive transfer of 60 million XRP tokens from Ripple to unknown wallet addresses. Ripple accused of XRP dumping…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEPfnbx claims to provide cryptocurrency mining and trading capabilities, but is actually a fraudulent DApp designed to steal cryptocurrency.Connecting to your DApp gives you…
In a notable development that signals the growing adoption of blockchain technology in the sports industry, Paris Saint-Germain (PSG) announced the strengthening of partnerships with: chili (CHZ) is a fintech provider based in Malta. PSG, one of the most famous football clubs in the world, will become the first sports club to act as an official blockchain validator on the Chiliz Chain, a significant milestone for both organizations. Chiliz $1 billion SportFi ecosystem attracts PSG According to Thursday presentation, With its latest collaboration, PSG will play an important role in ensuring the security, accuracy and reliability of the Chiliz chain.…
One analyst noted that there has been a significant surge in options open interest, with most of the increase skewed towards call options.“Over the past week, Ethereum options open contracts have increased by more than 300,000,” Bitfinex head of derivatives Jag Kooner told The Block. This is consistent with The Block’s data dashboard, which shows that total Ether options OI on the cryptocurrency derivatives exchange has reached $9 billion, its highest in months.Likewise, open interest in Ether options on Ether futures on the Chicago Mercantile Exchange (CME) has increased dramatically, recently hitting an all-time high. Open interest in February Ether…
Superfluid secures $5.1M to launch distribution pool and unlock one-to-many streams – Chainwire housenewsroomSuperfluid secures $5.1 million to launch distribution pool and unlock one-to-many streams. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the…
The latest technology news in cryptocurrency and blockchainMeso, a payments platform that connects banks and blockchain, has raised $9.5 million in a seed round led by Solana Ventures and Ribbit Capital. Other participants include 6th Man Ventures, Canonical Crypto, Phantom co-founder Chris Kalani, Pinterest CEO Bill Ready, and Bodhi Labs’ Archie Puri. Launched by veterans of PayPal, Venmo, and Braintree, the network allows apps to integrate Meso into onboarding users without sending them to a centralized exchange to fund their wallets. Meso currently supports Ethereum, Solana, and Polygon, and plans to add Arbitrum, Optimism, and Base by the end of…
According to JPMorgan, Bitcoin (BTC) price is not moving as closely in relation to spot ETF inflows and outflows as it used to.