A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit…
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On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s…
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Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval…
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Image Source: Pixabay There was a prevailing sense of optimism in the world of cryptocurrencies last year, with over 65% of conversations on X (formerly Twitter) and Reddit radiating positive sentiment. That is according to the latest report on crypto online sentiment by CoinWire and Storible, which delved into the extensive discussions taking place on…
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On Oct. 18 Reddit closed its blockchain based points program that involved the use of certain crypto tokens native to subreddits. Reddit’s r/Cryptocurrency community has fired two moderators who were found to be involved in insider trading of the Moon token, Cointelegraph has confirmed. As Cointelegraph reported on Oct. 20, at least three wallets linked…
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Analysis suggests at least three Reddit moderators dumped thousands of dollars worth of Moons just minutes before the actual announcement. Popular social network platform Reddit announced the winddown of its blockchain-based community points program on Oct. 17, citing scalability issues. The announcement created controversy in the crypto community, with many calling it a rug-pull, as…
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The popular social media platform Reddit announces plans to phase out and discontinue blockchain-based community point reward tokens (MOON and BRICK) by November. On October 17, an announcement was made by a Reddit team member in the r/CryptoCurrency subreddit stating that while they saw some future opportunities for Community Points, there was no path to…
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Reddit announced on October 17 that it would discontinue its blockchain-based “Community Points” rewards service on November 8, citing challenges related to scalability. The decision came as a surprise to the Reddit community and led to a swift decline in the value of the associated tokens. With the recent news of Reddit’s decision to discontinue…
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On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This development also irked a multitude of Redditors, with conversations surrounding the plan…
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The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately halted the project. Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to…
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