Cryptocurrency faces setback, Reddit cancels community points program
On the cryptocurrency side, prices have been relatively stable, although disappointingly, Reddit has announced that it will be phasing out its “Community Points” system, which launched in 2020 and was one of the most promising blockchain-based rewards programs. , the platform will phase out the system by November, citing Ethereum's limited scalability and regulatory issues, causing the related token (Moon) to fall by 90%, adding more pain to the already troubled NFT field.
