Here’s what happened in crypto today By Cointelegraph

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Reddit is sunsetting its blockchain-based rewards system “Community Points” saying it’s unable to scale the product. Meanwhile, Sam Bankman-Fried’s defense cross-examined Nishad Singh and a job posting sparked chatter of a possible IPO.

Reddit winding down blackchain-backed ‘Community Points’

Social platform Reddit will shutter its long-running blockchain-based rewards service “Community Points” by Nov. 8, citing scalability issues.

Reddit’s Community Points will be shuttered on Nov. 8. Source: Reddit

Former FTX exec faces cross-examination from SBF’s defense team

Ripple job posting hints at possible IPO, XRP community says