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Tag: CRO

  • Crypto.com Obtains Cloud Security and Privacy ISO Certifications as First Crypto Trading Platform

    Crypto.com Obtains Cloud Security and Privacy ISO Certifications as First Crypto Trading Platform

    Crypto.com logo cover image

    Key highlights:

    • Crypto.com has been awarded two new security and privacy certifications in addition to the existing ISO 27001, ISO 27701, and ISO 22301 certifications.
    • The CEO said investments will continue to ensure the highest standards for security and privacy.
    • Two new certificates will help Crypto.com continue to process customers’ personal data securely.

    Crypto.com, the cryptocurrency platform with more than 80 million customers worldwide, is also among the industry leaders in security, regulatory compliance and privacy. Focusing on cloud security and privacy protection, the platform is certified with ISO 27017 and ISO 27018.

    Crypto.com has strengthened its “commitment to ensure the secure processing of personal data” to its customers with these two digital asset platform certifications focused on cloud service security. Jason Lau, the platform’s Chief Information Security Officer, considers these certifications a testament to Crypto.com’s industry leadership.

    What is ISO 27017?

    ISO 27017 is a cloud-specific security standard that provides guidelines for information security controls applicable to the use and provision of cloud services. Developed to comply with information security management system (ISMS) certification and reduce the risk of security issues, this standard provides a more secure cloud environment.

    What is ISO 27018?

    ISO27018 is a standard that establishes objectives for protecting personally identifiable information (PII) in government agencies and gives privacy-specific guidelines to organizations acting as privacy data processors and controllers to improve information security by assessing risks. ISO 27018, the first international standard for cloud privacy, mandates strict security controls.

    Crypto.com’s Privacy Information Management System (PIMS), Information Security Management System (ISMS), and Business Continuity Management System (BCMS) are audited at least annually by third-party certification bodies to ensure continued compliance with multiple ISO standards. Crypto.com, the first virtual asset platform to receive ISO 27001 (Information Security Management System) and ISO 27701 (Privacy Information Management System) certificates in 2019 and 2020, respectively, and ISO 22301 (Business Continuity Management) and ISO 22301 (Business Continuity Management) in 2021. It has also complied with the NIST Cybersecurity and Privacy Frameworks.

    “Security and privacy are foundational pillars of our commitment to our 80 million users around the world,” said Kris Marszalek, CEO of Crypto.com. “We will continue to invest in ensuring the highest standards for safety, security and privacy.”

    “Security and privacy continue to be a core focus for us, particularly as we scale our services globally through the use of cloud infrastructure,” said Jason Lau, Chief Information Security Officer at Crypto.com. “These most recent certifications are a testament to our industry leadership and continued commitment.”

    Crypto.com, which set out with the vision of “Cryptocurrency in Every Wallet” in 2016 and became one of the largest cryptocurrency platforms in the world after the past couple of years, leads innovations in the sector. Focusing on empowering the next generation of creators, developers and entrepreneurs to develop a fairer digital ecosystem, the platform aims to accelerate cryptocurrency adoption around the world.

    The exchange’s native Cronos (CRO) token was trading at $0.0797 at press time, up +34.8% in the past month.

    Open Crypto.com Account
  • 4 Ways and 8 Projects for You to Benefit from 2022 World Cup with Crypto

    4 Ways and 8 Projects for You to Benefit from 2022 World Cup with Crypto

    How to benefit from the 2022 FIFA World Cup in Qatar using crypto
    Image Source: https://historyofsoccer.info/

    If you ask what is the most exciting upcoming event this winter, the 2022 FIFA World Cup in Qatar is definitely the top one on the list. As one of the most anticipated global sport events, if not the most anticipated, this world cup would potentially attract more than 5 billion viewers, according to history data. 

    Moreover, in addition to enjoying the spectacles of the game, one can get the chance to capitalise and earn from the World Cup, especially with the help of blockchain and crypto technology. 

    In the past, blockchain and crypto technology has been adopted by the pioneers of the football industry in the form of issuing club fan tokens and so forth. With the previous pavement, the 2022 World Cup can bring more crypto investment opportunities for users. Here are 4 ways and 8 projects with which you can take a pie from the 2022 FIFA World Cup in Qatar. 

    First Way: Participate in Crypto Prediction Derivatives 

    Prediction is a human instinct, and for sport events with such competitive nature, people will inevitably predict. And therefore, there’s natural soil to develop prediction derivative products for a large-scale sport event like the FIFA World Cup. Now with the help of blockchain technology, it has become more convenient and secure for people to participate in the prediction activity for the world cup and potentially make profits from their predictions. 

    Project 1 – MoonXBT Footbal Token 2022 Derivative 

    MoonXBT, the leading social trading exchange, has recently released a Football Token 2022 derivative product where participants can choose the teams of their likings by purchasing relative tokens and earn yields stage by stage. This is the first ever world cup crypto derivative combining the blockchain technology with one of the largest sporting spectacles in the world. 

    MoonXBT’s Football Token 2022 derivative has three major advantages that its counterparts do not possess. First of all, it has a very clear and simple to use product. Unlike other projects where people have to open several pages in order to place their predictions, MoonXBT has a particular sector for the derivative where all the rules, processes and functions are displayed clearly which makes it super easy for users to start their prediction and profit making journey. 

    Secondly, MoonXBT is a crypto exchange which makes it easy for the tokens to be transacted in both first and secondary markets which will attract more liquidity. More importantly, MoonXBT is a social trading exchange which can utilise all the KOLs, communities and social tools to market the event. The platform also has a rebate program up to 50% for making referrals to the world cup derivatives. 

    Project 2 – La’eeb Inu

    La’eeb Inu is a new cryptocurrency to be used in its own 2022 world cup prediction platform. As a utility token, users can use La’eeb Inu to show support or predictions on the teams they like. The prediction process would be similar to MoonXBT’s prediction process. 

    However, unlike MoonXBT which is an exchange, La’eeb Inu is a crypto project which means the transactions and liquidity of the La’eeb Inu token will be initially dependent solely on the primary market. In order to add in secondary market liquidity, the token will have to be listed on a reliable exchange. 

    Project 3 – World Bet 

    World Bet is a BSC-based football prediction platform which allows users to bet via purchasing NFTs. Users can earn by holding NFTs of different teams with different earning percentages. The NFTs then can be the credentials for rewards distributions based on the game results. 

    The project utilises blockchain technology to a great extent. However, it seems the predictions mechanisms and token economies are kind of complicated considering it involved minting, auctioning, renting NFTs as well as three tokens. It might be too complicated to use as a prediction derivative for the world cup where people just care about if they win or lose and how much they are getting. 

    Second Way: Buy World Cup-related Crypto 

    Perhaps the most direct way to invest in the 2022 FIFA world cup is to buy the relative tokens and enjoy the potential appreciation of the token prices with the development of the game. So the question is what kind of world cup tokens to buy? 

    Project 4 – Crypto.com Token

    FIFA has announced that Crypto.com will be an Official Sponsor of the FIFA World Cup Qatar 2022. Due to the great exposure that the world cup will bring to Crypto.com, one can expect a surge in the traffic to the platform which will also possibly boost the price of Cronos (CRO), the platform token of crypto.com. 

    Project 5 – Algorand blockchain Token

    Likewise, FIFA will also partner with the blockchain project Algorand for issuing world cup NFT and other blockchain-supported products. As a public blockchain similar to Ethereum, Solana and so forth, Algorand (ALGO) is the world’s first carbon-negative blockchain and the world’s first pure proof-of-stake blockchain. The FIFA partnership will probably increase the growth of the chain. 

    Project 6 – Qatar World Cup Token

    Qatar World Cup Token is a community-driven fan token for 2022 FIFA world cup in Qatar. Its official Twitter has now attracted more than 8k followers. 

    It’s not clear yet if the Qatar World Cup Token (#QWC) has been listed on any exchange. But the force of community should not be ignored and QWC can be added into the watch list. 

    Third Way: Purchase World Cup NFT

    Ever since the NBA Top Shot, it has become an open secret that sports can benefit from issuing NFTs. The FIFA world cup, one of the most viewed and supported global sport events, is no exception. Investors can look for good quality world cup NFT projects to purchase and trade for potential earnings. 

    Project 7 – cryptoworldcup2022

    For instance, this website seems to be creating a series of world cup NFT already. It’s worthwhile to keep an eye on how the project develops and how the market reacts to it. Users can also mint their own NFT on the website to become part of the project. 

    Fourth way: Play to Earn

    Users can also invest their time in the play-to-earn games with the world cup concept. With the development of GameFi and Metaverse, this would also attract a certain amount of traffic which can potentially drive the success of the play-to-earn projects. 

    Project 8 – Soccer Crypto

    Soccer Crypto is a BSC-supported football play-to-earn game where football players are designed into NFTs. There is also the design of in-game tokens. And therefore, players can make profits by playing to earn tokens, trade NFTs and other forms of token economies. 

    It can be seen from the above that the combination of blockchain technology and the 2022 FIFA world cup is truly presenting great chances for making profits. Users can carefully go through all the ways and projects possible, do the due diligence and catch the chances they think are suitable for them. None of the above consists of any kind of financial advice. 

  • Moshnake, Cronos, and Zcash Can Be Great Coins for The Upcoming Bull Run!

    Moshnake, Cronos, and Zcash Can Be Great Coins for The Upcoming Bull Run!

    Cryptocurrencies are gaining popularity, but there are so many different ones to choose from. How do you know which one is right for you? In this blog post, we’ll compare three cryptocurrencies: Moshnake (MSH), Cronos (CRO), and Zcash (ZEC). We’ll look at their features, benefits, and drawbacks to help you decide which one is right for you.

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    Buy Moshnake Now

    Moshnake (MSH) Brings Snake Back from The Dead!

    Moshnake (MSH) is a new project that can revolutionize blockchain video games. Moshnake is a play-to-earn platform that allows gamers to earn cryptocurrency by playing games. The Moshnake team has developed a unique algorithm that determines how much MSH a player earns based on their performance in the game. Moshnake (MSH) is built on the Binance Smart Chain (BSC) and uses non-fungible tokens (NFTs) to represent in-game items.

    Moshnake can be a great investment for gamers and investors alike. The Moshnake team is constantly developing new games and features, and the MSH token has a bright future. I highly recommend Moshnake (MSH) to anyone looking for a good investment. Thanks for reading!

    Cronos (CRO) Is More Than Capable!

    Cronos (CRO) is a cryptocurrency that was created to become a global standard for payments. The team behind Cronos believes that the current system of payments is broken and that crypto can provide a better way. One of the key features of Cronos is its partnership with crypto.com, which allows users to buy, sell, and store CRO tokens. Crypto.com also allows users to earn interest on their CRO holdings.

    This makes Cronos an attractive investment for those looking to get involved in the cryptocurrency space. In addition, Cronos has a strong community of supporters who believe in the project’s long-term vision. As a result, Cronos is an up-and-coming cryptocurrency that is worth keeping an eye on.

    Zcash (ZEC): Secure and Fast!

    Zcash (ZEC) is a digital currency that offers privacy and selective transparency of transactions. Zcash is different from other cryptocurrencies because it uses groundbreaking zero-knowledge cryptography to secure all transactions on the blockchain. This means that only the sender and recipient of a transaction have knowledge of its contents. Its purpose is to provide users with increased privacy and security when making transactions.

    Many experts believe that Zcash is a good investment because of its unique features and potential for growth. While it remains to be seen how successful Zcash will be in the long term, there is no doubt that it has the potential to revolutionize the way we use cryptocurrencies.

    Conclusion

    MSH, CRO, and ZEC are all good investment options. Each currency has its own unique benefits that make it a strong investment choice. MSH is great for investors who want to support the development of new games. CRO is perfect for those who want to invest in a currency with stable growth potential. Finally, ZEC is ideal for investors who want to ensure their transactions remain private and secure. No matter which currency you choose, remember to do your own research before investing!

    Buy Moshnake Now

    Moshnake

    Website: https://moshnake.io

    Telegram: https://t.me/MoshnakeOfficial

    Twitter: https://twitter.com/moshnakeToken

  • Crypto.com Faces Backlash After Reduced Benefits for Cardholders, CEO Announces “Revised” CRO Staking Rates

    Crypto.com Faces Backlash After Reduced Benefits for Cardholders, CEO Announces “Revised” CRO Staking Rates

    Crypto.com logo

    Key takeaways:

    • The Crypto.com cryptocurrency exchanges has partially walked back its decision to reduce cardholder benefits
    • However, most of the unpopular changes like the reduction of CRO cashback rewards will remain in place
    • The CRO markets have responded negatively to the changes announced by Crypto.com

    Crypto.com partially walks back decision to reduce cardholder benefits

    Crypto.com CEO Kris Marszalek has announced “revised” card staking rates for owners of the Crypto.com Visa Cards, after a previous announcement from the company was met with a heavy backlash from its userbase.

    The Crypto.com Visa Cards are prepaid cards that allow users to spend cryptocurrency or fiat from their Crypto.com account. The cards come in five different tiers, with progressively larger benefits.

    In order to obtain a Crypto.com Visa Card of the Ruby Steel tier and above, users have to stake CRO tokens in the Crypto.com App Wallet for a period of 6 months (180 days). Higher card tiers require a bigger stake but offer higher cashback rewards, which are paid out with CRO tokens. The cards also offer other benefits like reimbursements of subscriptions to popular services like Spotify and Netflix. Holders of certain card tiers also earn staking rewards on the CRO they staked in order to obtain their card.

    Crypto.com recently announced a large update that reduced the benefits enjoyed by cardholders, which includes significantly reduced cashback rewards and card CRO staking rewards. The exchange says the reason for reducing the benefits is to “ensure long-term sustainability”.

    Midnight Blue cardholders will no longer be earning any cashback rewards on their purchases with the card, while the rewards for Ruby Steel cardholders with an active stake have been slashed from 2% to 0.5%. The cashback rewards were also reduced substantially for other card tiers. Crypto.com is also capping the amount of cashback rewards that can be earned on a monthly basis by Ruby Steel cardholders ($25) and Royal Indigo / Jade Green cardholders ($50).

    In their original announcement (archived version), Crypto.com said that card CRO staking rewards would be phased out entirely for all card tiers. After the backlash from the Crypto.com userbase, Crypto.com CEO Kris Marszalek said that the CRO staking rewards will be revised to 8% APY for users with Obsidian, Icy White and Frosted Rose Gold cards, and 4% APY for users with Royal Indigo and Jade Green cards. These changes are now also reflected in the company’s official post regarding the reduced benefits.

    Despite these revised CRO staking rates for cardholders, the other unpopular changes like the reduced cashback rates will still be coming into effect starting with June 1.

    Crypto.com’s move to reduce benefits for cardholders has had a negative impact on the CRO market. CRO is one of the worst performers in the cryptocurrency top 100 in the last 7 days, losing around 26% of its value.

  • Crypto.com Exchange Will Be Official Sponsor of FIFA World Cup Qatar 2022

    Crypto.com Exchange Will Be Official Sponsor of FIFA World Cup Qatar 2022

    Key takeaways:

    • Crypto.com partnered with FIFA to become the exclusive cryptocurrency trading sponsor of this year’s World Cup
    • FIFA’s CCO Kay Madati commended Crypto.com for its previous high-profile sports partnerships
    • Last year, Crypto.com signed a 20-year, $700 million rebranding deal that saw the LA’s iconic Staples Center be renamed to Crypto.com Arena

    Crypto.com will be the exclusive crypto trading platform sponsor of Qatar 2022

    On Tuesday, FIFA announced that Crypto.com, a leading cryptocurrency exchange with more than 10 million users, will be the exclusive digital assets trading platform of this year’s World Cup tournament that will be held in Qatar.

    CEO and one of Crypto.com co-founders, Kris Marszalek, said that the newly-penned partnership with FIFA will help “drive further awareness of Crypto.com globally.” “We will continue to use our platform in innovative ways so that Crypto.com can power the future of world-class sports and fan experiences around the world,” added Marszalek.

    Crypto.com users will reportedly get a chance to win tickets to some of the sport’s most coveted matches and participate in special promotions running throughout arguably the world’s most popular sporting event.

    FIFA’s Chief Commercial Officer Kay Madati indicated that Crypto.com’s previous relationships with the world’s top sports venues and organizations played a significant role when deciding whether to collaborate with the leading crypto company. 

    Madati was likely referencing the fact that last year Crypto.com secured a massive, $700 million deal with AEG to rename the iconic sports and entertainment venue Staples Center to Crypto.com Arena. 

    While the Staples Center rebranding deal was widely publicized, it was far from the only high-profile sports-related investment Crypto.com made in 2021. For context, Crypto.com signed a $175 million 10-year contract with a premier fighting organization UFC, and a $400 million deal with NBA franchise Philadelphia 76ers.

    The price of Crypto.com’s native Cronos (CRO) token increased by roughly 5% to $0.426 on the news of the FIFA World Cup sponsorship deal.

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  • Cronos DeFi Dominance Continues to Rise As TVL Hits Nearly $3 Billion

    Cronos DeFi Dominance Continues to Rise As TVL Hits Nearly $3 Billion

    Decentralized finance continues to attract much attention in the cryptocurrency industry. Gauging an ecosystem’s success is often done by looking at the Total Value Locked. Cronos continues to make solid inroads and highlights its growing dominance in the space.

    Cronos DeFi TVL Is Moving Up

    Dozens of blockchains and ecosystems compete for traction in decentralized finance. Some projects explore cross-chain opportunities, whereas others are built on one native chain. Cronos continues to make inroads in this space as its Total Value Locked (TVL) approaches $3 billion. It is a strong rise from just over $300 million on November 12, 2021.

    What is even more impressive is how numerous projects on Cronos have made significant TVL leaps lately.

    • CyborgSwap increased its TVL by 710%.
    • DarkCrypto notes a 242% Total Value Locked increase.
    • Savanna Finance surpasses $75 million in TVL following a 94.65% increase.
    • MM Finance notes a 78.38% increase, bringing its TVL to just below $750 million.

    Additionally, the ecosystem has four projects with over $300 million in Total Value Locked. VVS Finance is, despite a monthly dip of over 13%, the only protocol that has surpassed the $1 billion mark on Cronos so far. However, MM Finance is on the cusp of doing so, especially if the protocol can sustain the current growth rate. MM Finance gained almost 25% in TVL this week alone, indicating more momentum in the tank.

    Substantial Dominance Improvements

    Ethereum remains the “biggest” blockchain for Total Value Locked in the decentralized finance world. LUNA comes in second place, but Cronos is moving up slowly. In November of 2021, Cronos represented less than 0.00% of the global TVL, although that percentage rose quickly to 0.58% by mid-December 2021. Thanks to ongoing increases across the board, the ecosystem now represents 1.28% as of March 12, 2022.

    There is still work to do to make a bigger impact on decentralized finance. However, 46 different protocols, products, and services are operational on this network. Most of them are Cronos-native solutions, confirming developers have confidence in the ecosystem and how it behaves in a decentralized finance setting.

    More interestingly, cross-chain DeFi protocols have started paying attention to Cronos lately. Some examples are Beefy Finance, Autofarm, Crysti Finance, Annex, EmpireDEX, and Elk. These protocols try to attract more users and liquidity for their protocol. Cross-chain interoperability is a crucial pillar of cryptocurrency and blockchain development, especially in DeFi.

    Achieving Crucial Milestones Is Key

    Any blockchain ecosystem will stand or fall depending on the developer’s promises and community support. A team of developers delivering on their promises will instill trust in the community. Those community members will bring more value to the network and help attract new users, ensuring long-term sustainability.

    Cronos has ticked off numerous milestones since the blockchain was announced in July of 2021, including:

    • Solid partnerships: Chainlink, Bond Protocol, Nabox, Duelist King, and Stakin all signed up before the network went live in mid-August 2021.
    • Crucial integrations: DeBank, MultiWallet, Autofarm, Beefy Finance, Kyber Network, imToken, and more.
    • The team announced ecosystem Grants in December 2021 to ensure ongoing development on the network.
    • Inter-Blockchain Communication (IBC) channel with Terra in January 2022
    • Bridging Polkadot’s DOT to Cronos in February 2022.
    • Bridging Cardano’s ADA to Cronos in February 2022.
    • Enabling Cronos NFTs through the Crypto.com exchange platform
    • And much more.

    The team explores numerous opportunities to ensure Cronos is at the front and center of development. For example, bridging various native currencies from other chains to the Cronos blockchain is a smart decision that enables cross-chain waps and enhances overall liquidity. Moreover, it can strengthen the network’s position in decentralized finance.

    Conclusion

    Statistics-wise, Cronos noted a 50% total transaction increase from January to February 2022. There are also more unique wallet addresses, CRC-20 tokens minted, mainnet projects, and more. All developments confirm the momentum is in Cronos’ camp today. Sustaining growth across all verticals will prove crucial in the months ahead.

  • Crypto.com Launches Novel OTC Solution With Instant Quotations, Designed for Institutional Investors and VIPs

    Crypto.com Launches Novel OTC Solution With Instant Quotations, Designed for Institutional Investors and VIPs

    The Crypto.com exchange has announced its institutional and VIP clients will from now on be able to take advantage of the newly launched OTC Portal to more easily execute block trades and thus carry out large over-the-counter (OTC) market orders with greater efficiency.

    Key takeaways:

    • The new feature was launched on November 19 and is currently available only to select large-scale corporate and retail investors. Although there is no definite date for a full launch, the OTC Portal feature will be rolled out to all eligible users “soon,” according to Crypto.com’s blog entry.
    • Over-the-counter trading is used by market participants that wish to trade certain assets between other parties without a central exchange acting as a middleman.
    • The access to OTC trading on Crypto.com is reserved for institutional and VIP clients who frequently place large orders and engage in trading assets between two parties, with minimal interference from a central exchange. 
    • Kris Marszalek, co-founder and CEO of Crypto.com, is excited about the new service: “We are excited to launch our OTC solution for Institutional and VIP clients, allowing them to easily execute block trades and capture market opportunities more efficiently.”
    • The Crypto.com exchange has been receiving a lot of spotlight over the last couple of weeks. The 10 million users strong crypto exchange has recently obtained naming rights to LA’s iconic Staples Center, which will see the prominent sports and entertainment venue be renamed to Crypto.com Arena in a $700+ million deal.
    • Last month, Crypto.com announced that Hollywood superstar Matt Damon will become the face of Crypto.com.
    • Earlier this year, Crypto.com signed a $175 million 10-year contract with a premier fighting organization UFC, and a $400 million deal with NBA franchise Philadelphia 76er as a part of its giant marketing campaign.
    • Judging by the market performance of Crypto.com’s native exchange token CRO, the marketing strategy and addition of new features have already started paying dividends. CRO has renewed its all-time high today and is currently up nearly 300% in the past month. With a market cap of $18.7 billion, CRO is the second-largest centralized exchange token, trailing only Binance’s BNB.
    • To learn more about CRO, check out our latest Coins to Watch article, where we discuss its near-term prospects and evaluate Crypto.com’s recent moves.
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  • LA’s Iconic Staples Center is Renaming to Crypto.com Arena in a $700 Million Deal

    LA’s Iconic Staples Center is Renaming to Crypto.com Arena in a $700 Million Deal

    A leading cryptocurrency exchange Crypto.com will reportedly fork out $700 million in cash to the owner of Staples Center, AEG, one of the world’s biggest presenters of sports and entertainment programming, to rename the iconic sports and entertainment venue to Crypto.com Arena.

    Key takeaways:

    • Los Angeles-based Staples Center is home to prominent American sports franchises such as the NBA’s Lakers and Clippers as well as the NHL’s Kings.
    • Crypto.com’s 20-year naming rights deal is one of the largest sponsorships agreements in sports history.
    • The freshly penned deal will come into effect later this year, on December 25, just in time for the Christmas holiday season. The physical sign will be changed from Staples Center to Crypto.com Arena in June of next year.
    • Crypto.com has been stacking up sponsorships with major sports organizations and celebrities in order to draw mainstream audiences to crypto. Most notably, Hollywood star Matt Damon recently became the face of the Crypto.com exchange. 
    • Earlier this year, Crypto.com signed a $175 million 10-year contract with a premier fighting organization UFC, and a $400 million deal with NBA franchise Philadelphia 76ers.
    • At the time of this writing, Crypto.com Exchange is the 4th largest cryptocurrency exchange in terms of trading volume, with a normalized 24-hour volume of more than $5 billion. 
    • After the details of the Staples Center rebranding deal became public, the platform’s native Crypto.com Coin (CRO) shot up by more than 14%.
    Open Crypto.com Account
  • Bitcoin Jumps to $66,000, Ethereum and Multiple Other Altcoins Renew Their ATHs

    Bitcoin Jumps to $66,000, Ethereum and Multiple Other Altcoins Renew Their ATHs

    Key takeaways:

    • Bitcoin sets a two-week high and is trading just below its peak value
    • 5 out of the top 100 digital currencies have renewed their all-time highs
    • The total cryptocurrency market cap has surpassed $2.9 trillion for the first time

    The historic cryptocurrency market bull run is in full swing and shows no signs of slowing down. The cumulative value of more than 10,000 digital assets we list at CoinCheckup has reached $2.93 trillion on the heels of Bitcoin’s 6% price increase and broader altcoin surge led by Ethereum.

    Bitcoin is exchanging hands close to its peak value

    After trading in a relatively tight range over the course of last week, the price of Bitcoin has increased by more than 6% on Monday and surpassed the $66,000 level for the first time since BTC reached its all-time high on October 20.

    The value of BTC surged from $62,800 to $65,500 in the span of 90 minutes.

    Today, Bitcoin surged to the two-week high of $66,365, just shy of its all-time peak value of $66,931. Despite the price of the oldest cryptocurrency retracing to $65,865 in the last couple of hours, BTC is still exchanging hands just 1.5% removed from its ATH. Given the enormous momentum behind digital assets, the $70,000 psychological barrier is likely to fall very soon. The sentiment was shared by Cameron Winklevoss, founder of Winklevoss Capital Management and Gemini cryptocurrency exchange on Twitter:

    Bitcoin is up 22% in the past month and 141% since the beginning of the year (at the current market rates).

    Buy/Sell BTC

    Ethereum sets a new all-time high of $4,764

    The world’s second-largest crypto has been on a very steady uptick since the start of October – the price of ETH has increased from $3,000 to the current price peak with relatively low volatility. Today, ETH reached a new ATH of $4,764, good for a $562 billion market cap and 19.1% market dominance.

    Similar to BTC, the price of Ethereum spiked in the early morning hours.

    Over the course of the last week, ETH has improved by over 9% with very few setbacks on the way as the price of ETH never swung by more than 5%. The smart contract platform and arguably the most important blockchain for the continued development of the crypto industry has attracted a lot of market interest over the course of the year. At the time of this writing, ETH is up more than 550% year-to-date (YTD).

    Goldman Sachs’ Global Markets managing director Bernhard Rzymelka recently shared his mid-term outlook on Ethereum and revealed that he believes ETH’s price surge to $8,000 will be fueled by investors looking for a viable hedge against inflation. Another piece of positive news that came out last week and likely contributed to Ethereum’s rally is the announcement of CME Group adding Micro Ether futures to its product portfolio in December-

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    Avalanche, NXM, and exchange tokens CRO and KCS renew their ATH

    The market success of Ethereum and Bitcoin has reignited rallies among several blockchain projects, which has led to multiple tokens reaching higher than ever before. Arguably the most significant project on the list is the decentralized finance (DeFi) platform Avalanche (AVAX), which has overtaken Terra and Uniswap on its path to a new ATH and thus became the 12th largest crypto by market cap. Among the reasons for the ongoing market success of AVAX is definitely Friday’s Grayscale announcement of potentially adding Avalanche to its product family of supported crypto assets.

    Five projects that have reached their new market cap peak on Monday.

    Perhaps a bit surprisingly, centralized exchange (CEX) tokens Crypto.com Coin (CRO) and Kucoin Token (KCS) have both gained more than 10% today and set their new respective ATHs. After China’s blanket ban on crypto, many predicted the downfall of centralized exchanges and their native tokens, but it now seems that the predictions were vastly exaggerated. Other exchange tokens have been also performing very well in the last couple of weeks; most notably Binance’s BNB which has, earlier today, come very close to surpassing its peak value set in mid-May.

    The last spot on the list of digital currencies that have managed to reach new peak values in the last 24 hours is occupied by Nexus Mutual (NXM), a blockchain alternative to insurance and a newcomer to the crypto top 100.