Here’s What Happened in Crypto Today – Cointelegraph

Reddit has announced that it will discontinue its blockchain-based rewards system, “Community Points,” by November 8, citing challenges with scalability.

### Reddit to End Blockchain-Backed ‘Community Points’

The social media platform Reddit will officially shut down its Community Points program, which has been operational for quite some time, due to difficulties in scaling the service.

### Former FTX Executive Faces Cross-Examination

In another development, the defense team for Sam Bankman-Fried has begun cross-examining Nishad Singh, a former executive of FTX.

### Ripple Job Posting Suggests Possible IPO

Furthermore, a job posting from Ripple has generated speculation within the XRP community regarding a potential initial public offering (IPO).

Note: Further information and updates on these topics can be found through various news channels and platforms.