Crypto Currency

Reddit’s new Community Points could be huge for Ethereum

Reddit is experimenting with cryptocurrency, and though it’s currently only a trial, it might turn out to be one of the most important developments in the space.  The social news site launched a new feature called Community Points, which are earned by submitting quality content and can be spent on premium features such as badges…

Reddit is experimenting with cryptocurrency, and though it’s currently only a trial, it might turn out to be one of the most important developments in the space. 

The social news site launched a new feature called Community Points, which are earned by submitting quality content and can be spent on premium features such as badges and emoji (as well as being used for bragging rights). This, in itself, isn’t new for Reddit, but these new Community Points are essentially cryptocurrency tokens built on the Ethereum network. 

Ethereum, which is both a cryptocurrency like Bitcoin and a platform for decentralized apps, has a standard called ERC-20 that allows for simple creation of new cryptocurrencies called tokens. These have all the basic properties of Ethereum itself — namely, they’re near-impossible to counterfeit, and they are fully controlled by their owners. This means that, once the tokens have been created and transferred to a user, not even Reddit can take them back. 

So far, two Reddit communities are included in this beta program: CryptoCurrency and FortNiteBR.

So far, two Reddit communities are included in this beta program: CryptoCurrency and FortNiteBR.

Image: reddit

“Your Community Points exist on the blockchain, independently of Reddit, where they can only be controlled by you (just like Bitcoin!). Neither Reddit nor moderators can take your Points away or decide what you do with them,” says Reddit in an FAQ explaining the new feature. Also, when you spend them, the “Points are ‘burned’ (destroyed). This makes everyone else’s slice of Points larger, thus rewarding the entire community.”

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Crypto Currency

Bitcoin wipes coronavirus losses, passes $10,000 again

There’s a popular meme that shows Bitcoin on a perpetual rollercoaster. It’s true: The world’s largest cryptocurrency by market cap is a very volatile asset.  But it’s not often that Bitcoin goes up past the  $10,000 mark. On Monday, it happened again, and this time it may carry special significance.  The price swiftly rose from…

There’s a popular meme that shows Bitcoin on a perpetual rollercoaster. It’s true: The world’s largest cryptocurrency by market cap is a very volatile asset. 

But it’s not often that Bitcoin goes up past the  $10,000 mark. On Monday, it happened again, and this time it may carry special significance. 

The price swiftly rose from roughly $9,620 to $10,180 late on Monday according to CoinMarketCap, before settling down at about $10,100. Other cryptocurrencies, including Ethereum and XRP, are in the green as well, with the total value of all cryptocurrencies hovering around the $285 billion mark. 

The ten-thousand-dollar mark is always a big psychological milestone. But it’s worth taking a look of how Bitcoin got there this time. 

Bitcoin wipes coronavirus losses, passes $1src,srcsrcsrc again
Image: coinmarketcap

In mid-February 2020, Bitcoin was happily trading above $10,000 with a pretty strong bullish momentum, but then the spectre of the coronavirus pandemic took down the stock markets and cryptocurrencies alike

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Crypto Currency

Samsung makes it easier to buy Bitcoin on its phones

Samsung is diving deeper into cryptocurrencies.  On Thursday, the smartphone company announced a partnership with cryptocurrency exchange Gemini, making it easier for users in the U.S. and Canada to buy cryptocurrencies such as Bitcoin on Samsung phones.  This is done through Samsung’s Blockchain Wallet, which now integrates with the Gemini mobile app, allowing users to…

Samsung is diving deeper into cryptocurrencies. 

On Thursday, the smartphone company announced a partnership with cryptocurrency exchange Gemini, making it easier for users in the U.S. and Canada to buy cryptocurrencies such as Bitcoin on Samsung phones. 

This is done through Samsung’s Blockchain Wallet, which now integrates with the Gemini mobile app, allowing users to buy and sell cryptocurrencies. Users will also be able to view their Gemini account balances in the Samsung Blockchain Wallet app, as well as transfer their crypto into col

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Crypto Currency

Cryptocurrency Hardware Wallets Can Get Hacked, Too

Whether you think cryptocurrency is a scam or a salvation, those digital coins can store real-world value. The safest place to keep them is in what’s known as a “hardware wallet,” a device like a USB drive that stores your currency and private keys locally, w…

Whether you think cryptocurrency is a scam or a salvation, those digital coins can store real-world value. The safest place to keep them is in what’s known as a “hardware wallet,” a device like a USB drive that stores your currency and private keys locally, w…
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Crypto Currency

J.K. Rowling is four cocktails in and talking trash about Bitcoin

J.K. Rowling has been drinking a lot and you’d better believe she has some thoughts on Bitcoin. Noted TERF and author of The Cuckoo’s Calling, Rowling decided Friday was the perfect time to learn about the cryptocurrency Bitcoin. And so, like any celebrity who wants to start her day off with a ray of positivity,…

J.K. Rowling has been drinking a lot and you’d better believe she has some thoughts on Bitcoin.

Noted TERF and author of The Cuckoo’s Calling, Rowling decided Friday was the perfect time to learn about the cryptocurrency Bitcoin. And so, like any celebrity who wants to start her day off with a ray of positivity, she hopped on Twitter to engage

“I don’t understand bitcoin,” Rowling tweeted to Coindesk’s Leigh Cuen. “Please explain it to me.”

Over the course of the next several hours, as legions of crypto try-hards leapt at the opportunity to explain consensus algorithms, Rowling’s nascent views on Bitcoin turned from mildly inquisitive to a friendly mocking.

SEE ALSO: Not above the law: Steven Seagal’s shady crypto past under siege by SEC

Perhaps it was the fourth Old Fashioned speaking?

“People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) b

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