• Reddit crypto-based rewards
    Ethereum

    ‘This is adoption’—Reddit rolls out crypto-based rewards system

    The Community Points program pilot will reward frequent and popular posters in two subreddit forums with Ethereum-based tokens usable on the site. If successful, it could put a cryptocurrency wallet in 430 million Redditors’ hands

    Reddit has officially unveiled Community Points—a crypto-based rewards system that will allow users to build their reputations and accrue ERC-20 tokens on the Ethereum blockchain. The social network said contributors will be able to earn points whenever they submit quality posts or make meaningful comments that drive conversations forward.

  • news
    Alt coins,  Bitcoin,  Ethereum,  Media

    Must-reads for August 27, 2018

    Here are the crypto stories you should be watching today

    This little-talked about correlation suggests bitcoin may end year ‘explosively higher’: Tom Lee (CNBC) Fundstrat’s Tom Lee may use shoddy analysis. He may even make absurd claims of bitcoin prices reaching $10 million in a couple of decades based on shockingly flimsy correlations between Millennial income power and the price of bitcoin over a few months during the bubble last year. But you know what he’s really, REALLY good at? Getting repeatedly booked on CNBC. On Friday, the former JP Morgan’s Chief Equity Strategist was at it again, this time spouting the idea that emerging markets may power BTC toward his $25,000 year-end price target, a prediction made earlier this…

  • Ohanian/Colbert
    Cryptocurrencies,  Innovators

    Reddit co-founder’s cryptocurrency explanation stuns Colbert audience

    Alexis Ohanian talks crypto on The Late Show

    Reddit co-founder Alexis Ohanian stepped down from his role at “the front page of the internet” earlier this year to focus on his venture fund, Initialized Capital. Changing gears from social media (of which he is generally skeptical) to investment and business development, Ohanian appeared on The Late Show with Stephen Colbert this week to sound off on everything from blockchain technology to his marriage to tennis superstar Serena Williams. Ohanian co-founded Initialized Capital in 2012, and the fund notably counts Coinbase and Instacart as some of its highest-profile investments. After Colbert made his way through fluffy pop culture interview fodder with the 34-year-old entrepreneur, he asked him about cryptocurrency.…