Today, we look into Reddit's recent evaluation and why Jack Dorsey doesn't actually hate Ethereum.
Today’s Top Crypto News Stories
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Reddit Worth $10B as It Ramps Up Crypto Rewards 🤦♀️
Reddit found itself valued at $10 billion after Fidelity came calling with an unasked-for $410 million investment round. As the discussion community seeks to expand, it has turned to cryptocurrency rewards. An Ethereum-based Community Points program is being tested in several subreddits, and wider rollout is expected. See the talk here.
Poly Network to $612M Hacker: No Jail For You 🕵️♀️
Cross-chain protocol Poly Network promised not to prosecute the hacker who stole $612 million before giving it back, saying it believed he was acting as a “white hat.” And it said “you will not be accountable for this incident.” Poly also offered a $500 million reward which “Mr. White Hat” said he will not take. Get the details here.
Twitter, Square CEO Jack Dorsey: I Don’t Hate Ethereum 🔗
Jack Dorsey has denied the widely held (well, in crypto anyway) belief that he hates Ethereum. Not so, the CEO of Twitter and crypto-friendly Square payments firm said. It’s “just not what I’m focused on.” Dorsey believes Bitcoin will “fix money” as it becomes the native currency of the internet. Learn more here.
Binance Ordered to Trace and Identify Hackers 🔎
London’s High Court has ordered crypto exchange Binance to trace and identify hackers who stole $2.6 million in crypto from Fetch.ai’s account. It’s the latest headache for the world’s biggest exchange, which has been besieged by regulators across Europe and Asia in recent months. It could escalate the legal pressure on exchanges to track crypto. Learn more.
