Reddit to wind down blockchain-based rewards service ‘Community Points’

[ad_1] Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns.In an official Oct. 17 announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.”The Community Points service, including the special membership feature, will be shut down on Nov. 8. “At
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BNB Token Burn: More than 2 million BNB was destroyed

[ad_1] AdvertismentBNB Chain conducted the third quarterly burn of its BNB token so far this year. On this occasion, 2,139,182 units of the BNB cryptocurrency were destroyed, which is equivalent to approximately 500 million dollars. The network makes available to users the address on the blockchain where last quarter’s token burn can be verified. After the removal of… – Bitcoin News source since June 2011 – Virtual currency is not legal

TrueCoin’s third-party vendor breach potentially leaks TUSD user data

[ad_1] The team behind stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data after one of TrueCoin’s third-party vendors was compromised.TrueCoin was the operator of the TUSD stablecoin until July 13, 2023. On Oct. 16, a third-party vendor’s security team informed TrueCoin of “an anomalous account change within [TrueCoin’s] organization made by a compromised support vendor.” As a result, TrueCoin suspects the