The social media giant Reddit has unloaded a huge part of its cryptocurrency holdings, according to a new regulatory filing. The firm says in a filing with the U.S. Securities and Exchange Commission (SEC) that it sold a big chunk of the crypto assets on its balance sheet during Q3 of this year. “During the […]
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The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.
Social media network Reddit has sold the majority of its cryptocurrency holdings in the third quarter of 2024, according to a recent filing with the Securities and Exchange Commission (SEC).
The majority of the sales originated from treasury holdings in Bitcoin (BTC) and Ether (ETH). The 10-Q SEC filing reveals that the net value of the crypto assets and the gains recognized from the sale were deemed insignificant for the period:
According to the document, proceeds from the sale of cryptocurrencies were valued at $6.869 million for the three months ending on Sept. 30.
According to Reddit, the popular platform known for its forums and discussions, the company recently made a modest sale of bitcoin (BTC) and ethereum (ETH). Reddit Cashed out Its Crypto Right Before October’s Price Spike In a 10-Q SEC filing, Reddit disclosed the sale of these digital assets, which occurred before bitcoin saw its price […]
Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.
Bitcoin (BTC) has achieved significant success since its inception, but some within the community remain concerned about its future.
On Sept. 14, a Redditor on the Bitcoin subreddit appealed to the community with a question on the most legitimate concerns about the future of BTC.
What scares you the most about Bitcoin’s future? Source: Reddit
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 […]
The scam often starts on a Facebook ad where those interested click the link and are met with a “Letter from the Professor” or “Letter from the Dean” on the company website.
Washington’s financial regulator has warned the public of an emerging crypto scam — where fraudsters pose as business “professors” to trick victims into depositing their hard-earned funds into a crypto scam or face “legal action.”
The “self-proclaimed professors” claim to be part of an “Academy,” “Business School,” or “Wealth Institute,” enticing victims with courses that can result in “exorbitant rates of return,” according to a July 16 statement by the Washington State Department of Financial Institutions (DFI).
Victims typically come across the investment opportunity on a Facebook ad where they click the link and are met with a “Letter from the Professor” or “Letter from the Dean” on the company website.
Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” with the AI firm back new features on the social platform.
Reddit stock rose 11% in after-hours trading after the social media firm struck a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT.
Reddit said on May 16 that it will provide OpenAI with access to its data application programming interface (API), which will provide real-time content from posts made on the platform. Reddit said this would “bring Reddit content to ChatGPT and new products.”
In exchange, OpenAI will give Reddit users and moderators a suite of new AI-powered features aimed at strengthening user engagement.
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 […]
Social media giant Reddit holds both Bitcoin (BTC) and Ethereum (ETH) in its treasury, according to a filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to its planned initial public offering (IPO). In the document, Reddit says it has invested […]
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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 […]