Reddit filed a form to go public on Thursday, revealing that the company behind the social media site holds a small amount of cryptocurrency on its balance sheet.“We invested some of our excess cash reserves. Bitcoin BTC -0.37% And we have acquired Ether and we have acquired Ether and Matic as a means of payment for the sale of certain virtual goods and will continue to do so in the future,” the company said. From the S-1 filing. “As of December 31, 2023, we did not hold any digital assets other than Bitcoin and Ethereum for treasury purposes, and our…
Author: Crypto Flexs
Read More
Last week, seven out of eight Eth2 clients in active development succeeded in achieving a major milestone, moving from single-client to multi-client testnets under “Interop Lock-in”. With the exciting success of Eth2 development, we wanted to think about how we got to this point and what this means for the Ethereum network and ecosystem. Anyone who has followed Ethereum over the past few years will have become familiar with terms such as “Ethereum 2.0,” “Eth2,” or “Serenity.” Each of these represents a substantial upgrade to the Ethereum protocol, which has been envisioned in some form since before the network went…
As the Bitcoin halving approaches, the cryptocurrency sector is reflecting historical patterns that suggest a potential surge in market activity. Previously, Bitcoin experienced a price correction before each halving, which was a precursor to a significant rebound after the halving. For example, sharp declines in the price of Bitcoin were observed prior to the 2012, 2016, and 2020 halvings, which were followed by strong recoveries and massive surges in the cryptocurrency’s value, respectively. As of early 2024, Bitcoin has shown growth of 21%, sparking speculation that a bull market is imminent. But if history is any guide, the market could…
reporter Posted on: February 23, 2024 In the last 24 hours, close to a million ARBs were sold by a single company. Fund inflows have declined over the past few days. Arbitrum (ARB) has recently experienced a price decline after a period of time attempting to establish new price levels. This decline can be partially attributed to increased selling pressure that has occurred over the past few days. Arbitrum falls below $2 An examination of the Arbitrum price on AMBCrypto’s daily timeframe chart reveals a notable decline over the past few days. This was especially important considering previous attempts to…
Dogecoin whales are on the move once again as they have been caught buying hundreds of millions of dollars in DOGE. But what’s interesting about the recent trend of whales accumulating DOGE is the mystery behind these addresses. Because these are all new addresses. Dogecoin Whale Buying Continues According to Whale Alert, an on-chain data tracking platform for large-scale cryptocurrency transactions, there have been a number of interesting transactions performed by new Dogecoin whales. The first transaction was performed on February 16th by a wallet that received 515 million DOGE, worth approximately $44 million at the time. This wallet had…
CryptoCircuits is an innovative platform that allows individuals to earn passive income through the creation and sale of NFTs (Non-Fungible Tokens). NFTs are unique digital assets stored on the blockchain that make them unique and valuable. CryptoCircuits allows users to tap into this emerging market and make money without having to actively manage their investments. Getting Started with CryptoCircuits To get started with CryptoCircuits, you need to create an account on the platform and connect your digital wallet. Once your account is set up, you can start creating NFTs by uploading digital art, music, video, or other digital content to…
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…
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…