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Tag: Crypto.com

  • Top 3 Coins to Watch – Week 28

    Top 3 Coins to Watch – Week 28

    Comparing the total cryptocurrency market valuation of $1.42 trillion at the end of Week 27 to the one at the start of the week ($1.5 trillion) shows that there were on average no bigger moves throughout the week. Bitcoin, the barometer of the cryptocurrency space behaved in a similar manner, ending the week at an almost the same valuation as it has started the week – $34.500. Do you think that we will see bigger moves in Week 28? If this is the case, which coins or tokens are more likely to appreciate? Find out more in this week’s selection of top 3 coins to watch.

    1. Crypto.com (CRO)

    Crypto.com is a Hong Kong-based crypto debit card issuer and cryptocurrency exchange, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. The company started out under another name – Monaco. Monaco conducted a token sale between May and June of 2017, which raised a total of $26.7 million. The platform’s native CRO token offers discounted fees on the exchange, higher earnings on Crypto Earn, loans with low annual interest as well as 100% rebates on streaming services (Spotify, Netflix, Amazon Prime) for the Crypto.com’s card subscribers.

    Buy/Sell CRO

    Crypto.com Signs a $175 Million Sponsorship Deal with the UFC

    Cryptocurrency platform Crypto.com revealed on July 7 that they have established an important partnership with the UFC (Ultimate Fighting Championship). According to sources familiar with the deal, Crypto.com cashed out $175 million, for being featured on fighter kits, canvases and in the octagon. In addition, Crypto.com will become the UFC’s official “Cryptocurrency Platform Partner”. The deal was signed for 10 years. UFC debuted the Crypto.com-themed clothing at the UFC 264 Poirier vs. McGregor ceremonial Weigh-Ins.

    Besides that, Crypt.com is present in pretty much all sectors of the cryptocurrency industry. It offers a cryptocurrency exchange, has crypto payment processor, an NFT platform and issues Visa cards for spending cryptocurrency balances with an up to 8% cashback in CRO token on credit card purchases (for comparison American Express only offers 1% cashback). The CRO token is currently trading at $0.128 and is up by more than 8% in the last 7 days and 9.5% in last 1 month. Throughout both periods CRO outperformed both ETH and BTC. Crypto.com platform userbase exceeded 10 million in February and with the UFC deal, the userbase is poised to grow further. We believe that CRO could easily climb back above $0.20.

    2. Cardano (ADA)

    Cardano is a decentralized blockchain platform focused at creating a smart contract-enabled environment, on which developers can build decentralized applications. Cardano utilizes a Proof-of-Stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started by Charles Hoskinson, a mathematician, who was once part of the Ethereum developer team, in 2017. The team raised $62.2 million for project’s development through an ICO. The development of the project is now overseen by three main organizations, the IOHK, Cardano Foundation and Emurgo. Hoskinson and IOHK stive to follow the principles of academic peer review in the project’s development process. The native asset of the Cardano blockchain is called ADA, but previously this year, the project rolled-out an update, which enabled support for other Cardano-native tokens as well.

    Buy/Sell ADA

    Grayscale Investments adds ADA to its Digital Large Cap Fund

    The developers of Cardano, one of the most actively developed cryptocurrency projects, are not resting even during the summer. The global blockchain development company that stands behind the project Input Output Hong Kong (IOHK) keeps announcing strategic partnerships by which Cardano is increasing its presence in different sectors of the cryptocurrency industry as well as increasing ADA’s utility. Last week, IOHK announced a partnership with a cryptocurrency lending platform Nexo, that will allow ADA holders to trade, borrow, and lend crypto on the Nexo Exchange. Perhaps another confirmation that Cardano is on the right path is that the major crypto asset management firm Grayscale Investments has included ADA in its Digital Large Cap Fund. The famous asset manager has reduced the share of Bitcoin in the Digital Large Cap Fund from 79.8% to 67.47% to add ADA, which now represents 4.26% of the fund, as well as increase its ETH exposure. The readjusmtents were part of the regular qarterly rebalancing.

    Nevertheless, some observers have exposed the fact that Cardano adoption is failing to meet the Charles Hoskinson’s optimistic predictions as the blockchain’s founder forecasted in 2020 that there will be 100s tokens and 1000s dApps running on Cardano blockchain in one year’s time. The reality is a bit different though, as the Cardano still has not deployed the smart contract functionality. Hoskinson responded to the criticizm saying that those who don’t see the progress since last year haven’t been paying attention. In addition, the Alonzo upgrade that will bring the smart contract functionality to the Cardano blockchain is set to start rolling out soon. From a technical standpoint, however, ADA is not doing great as it recently dipped below the ascending channel’s support line on the ADA/BTC graph. Will we have to wait for the Alonzo upgrade to reverse the downward trend?

    Cardano (ADA) dipped bellow the support line on the ADA/BTC trading pair. Therefore, technical analyst YokoCrypto believes ADA is headed to further lows. (Source: YokoCrypto)

    3. Band Protocol (BAND)

    Band Protocol is a cryptocurrency oracle solution that aims to establish a standard framework for the collective data curation. This reliable and trustless data sources (oracles) can then be used to feed the codes of various decentralized technology protocols and blockchain applications. 

    Buy/Sell BAND

    Band Mainnet Network to Upgrade to Phase 2 on July 13     

    Developers of the Band Protocol have announced that the Band protocol mainnet will be upgraded from Phase 1 (GuanYu) to Phase 2 (Laozi) at block 7486289. This is expected to occur at 11:00 am UTC on July 13. However, the Phase 2 (Laozi) chain will only go live 6 hours after the upgrade completes, meaning that the BandChain network will be down for around 6 hours. Most of the exchanges have opted to disable BandChain token deposits and withdrawals during this period. Nevertheless, the BAND ERC-20 token will function as normal. The highly anticipated upgrade will introduce streaming revenue for data providers, an Inter-Blockchain Communication Protocol (IBC protocol) to boost cross-chain compatibility and optimized network throughput. Once the Phase 2 is fully deployed, users will be able to access their holdings via the same wallets, private keys, and mnemonics. 

  • TIME Partners with Crypto.com to Offer Cryptocurrency as a Form of Payment for Digital Subscriptions

    TIME Partners with Crypto.com to Offer Cryptocurrency as a Form of Payment for Digital Subscriptions

    Today, TIME will begin accepting cryptocurrency as a form of payment for digital subscriptions through a new partnership with Crypto.com.

    Register on Crypto.com

    Subscribers who elect to pay with cryptocurrency will receive unlimited access to content across Time.com for 18 months with their one-time purchase, as well as subscriber-only events and offerings. Currently, purchasing a subscription through cryptocurrency is only available in the U.S. and Canada, with global access to roll out in the next several months.

    In support of the partnership, Crypto.com will offer Pay Rewards of up to 10% back for subscribers who elect to pay using CRO, the Crypto.org Coin.

    “As TIME continues to innovate and find new ways to build upon our existing community of 2.3 million subscribers, we are proud to offer this new payment option through our partnership with Crypto.com,”

    TIME President Keith Grossman said.

    “We are thrilled to offer cryptocurrency as a payment option for our digital subscribers for the first time,” said TIME Chief Technology Officer Bharat Krish. “TIME’s rapid digital transformation on behalf of our community is the result of our commitment to embracing new technologies and working closely with innovative companies like Crypto.com to bring our ideas to fruition.”

    “We feel very fortunate to partner with TIME,” said Kris Marszalek, co-founder and CEO of Crypto.com, “Our mission is to accelerate the world’s transition to cryptocurrency and together with TIME we’ve just taken a major step forward towards reaching our goal.”

    This announcement follows TIME’s recent expansion into the cryptocurrency space. In March, TIME offered an exclusive series of three TIME covers as non-fungible tokens at auction, including one of the most iconic covers in TIME’s 98-year history, and the first-ever cover designed exclusively as a NFT.

    For more information and to subscribe, visit: time.com/HODL.

    About TIME

    TIME is a global media brand that reaches a combined audience of more than 100 million around the world. A trusted destination for reporting and insight, TIME’s mission is to tell the stories that matter most, to lead conversations that change the world and to deepen understanding of the ideas and events that define our time. With unparalleled access to the world’s most influential people, the immeasurable trust of consumers globally, an unrivaled power to convene, TIME is one of the world’s most recognizable media brands with renowned franchises that include the TIME100 Most Influential People, Person of the Year, Firsts, Best Inventions, World’s Greatest Places and premium events including the TIME100 Summit and Gala, TIME100 Health Summit, TIME100 Next and more.

    About Crypto.com

    Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

    Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

    Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com.

  • Top 3 Coins to Watch – Week 9

    Top 3 Coins to Watch – Week 9

    Are you finding it hard to swim in the treacherous waters of the everchanging cryptocurrency markets? One week the crypto asset prices rise faster than the tide only to suddenly drop in a market correction the week after. However, corrections like this are completely normal in the cryptocurrency world. Although it might be hard to watch your coins devalue you have to endure through the red numbers too, if you consider yourself a die-hard HODLer. If you are a trader, however, you are probably going to stay out of the game during the bear market, short some coins or find the assets that are the most likely to oppose the general downtrend. And this is where articles from our Top Coins to Watch series come to play, as they showcase selected projects that are more likely to perform well in the week to come.

    1. Cardano (ADA)

    Cardano is a decentralized blockchain platform focused at creating a smart contract-enabled environment, on which developers can build decentralized applications. Cardano utilizes a Proof-of-Stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started by Charles Hoskinson, a mathematician, who was once part of the Ethereum developer team. Cardano launched in 2017 and raised $62.2 million for its development through an ICO. The native asset of the Cardano blockchain is called ADA and the development of the project is overseen by three main organizations, the IOHK, Cardano Foundation and Emurgo, who are also aiming to implementing the principles of academic peer review into the project’s development process. The project just launched an update through a hard fork, which enables users to create new Cardano-native tokens.

    Buy/Sell ADA

    “Mary” Hard Fork Brings User-Created Tokens to Cardano

    Cardano, the most recent addition to the group of top 3 cryptocurrencies by market capitalization, conducted a successful network upgrade on March 1. “Mary”, the second out of three planned major network upgrades that must be deployed through hard forks, is now live and it allows users to create new tokens that run on Cardano natively, just like ADA. While enabling token creation is just one step on the path to full smart-contract functionality, Charles Hoskinson, founder of IOHK, has described the upgrade as “historic” in one of his video updates. Now that “Mary” has been deployed Cardano enthusiasts are already looking forward to the next major upgrade dubbed “Goguen” which will likely deploy full smart contract functionality to Cardano mainnet. Plutus and Marlow, the two smart contract languages that IOHK is development are currently still in the playground phase. Hoskinson noted that they will reveal more details regarding the Goguen at a Goguen-focused Cardano 360 event in mid-March. If everything goes well, Goguen could be ready as soon as Q2 2021.

    In addition, Cardano is allegedly in a negotiation with a government of an unknown African country for a yet undisclosed substantial commercial deal. Hoskinson revealed that the deal involves bringing 5 million new users to the Cardano environment and that they are just waiting for the government of that country to make their final decision. Leaks and speculators suggest that the deal involves Ethiopia and its capital Addis Ababa, which has roughly 5 million inhabitants. Perhaps even more important than this African deal in terms of the short-term ADA price effect and market liquidity is the anticipated listing on Coinbase. ADA has reached the #3 spot in the ranking of cryptocurrencies by their market capitalization last week, but it is still not being traded on one of the largest U.S. exchanges – Coinbase. Therefore, the listing is merely a question of time. However, the details around it remain non-existent due to an NDA with Coinbase. As if that was not enough, Celsius announced they will be adding support for ADA in Q2 2021 as well.

    In the last 12 months, ADA went from $0.05 to $1.47 on February 27, which is the current ADA all-time high price. This is an increase of almost 30x. While ADA has since corrected after reaching the top and is currently trading at $1.26, many believe that the asset is poised to surge higher as full functionality is yet to be deployed to the mainnet.  Additionally, Cardano is seeing more and more projects migrating to their blockchain. One of the latest projects to confirm they will be running their services on Cardano too is the world’s first decentralized AI network SingularityNET.

    Crypto.com (CRO)

    Crypto.com is a Hong Kong-based crypto debit card issuer and cryptocurrency exchange, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. The company, which started out under another name – Monaco, conducted a token sale between May and June of 2017, which raised a total of $26.7 million. The platform’s native CRO token offers discounted fees on the exchange, higher earnings on Crypto Earn, loans with low annual interest as well as 100% rebates on streaming services (Spotify, Netflix, Amazon Prime) for the Crypto.com’s card subscribers.

    Buy/Sell CRO

    Crypto.com Burns 70 billion tokens amidst the rising anticipation of the CRO Mainnet Launch

    The Crypto.com exchange has recently revealed the launch date of their high speed and low fee blockchain dubbed the “Crypto.org Chain”.  The fully decentralized blockchain, aimed to facilitate fast and secure payments, serve the DeFi space and allow the creation of NFTs is scheduled to go live on March 25, 2021. Furthermore, not a long ago, Crypto.com conducted a massive CRO token burn with an intention to fully decentralize the Chain network.

    Crypto.com burned 70 billion tokens and only kept 5.9 billion, which will be used for mainnet block rewards and further ecosystem development. You can read more regarding the burn here.

    As we all know, retail demand for crypto is at an all-time high, hence the demand for services should follow soon. And Crypto.com offers plenty of services that could appeal to a newcomer to the crypto space, such as the retail VISA cards with different tiers, crypto exchange with a fiat on- and off-ramp, easy staking, and plenty of benefits for CRO stakers. In fact, Crypto.com has already managed to double its userbase in the last 4 months, pushing the number of users above the 10 million mark:

    To further boost userbase growth and trading volumes the exchange is currently holding a lucky draw, in which they will give away 4 Tesla cars. Users need to trade at least 100 USDT worth of BTC to be eligible to enter the raffle.

    3. DODO (DODO)

    DODO is the 17th project featured on Binance Launchpool. The DODO team strives to develop an open, accessible, and capital-efficient decentralized exchange. DODO will act as the governance token of the platform and have a few other features within the DODO ecosystem, such as staking.

    Buy/Sell DODO

    DODO v2 Beta went Live on BSC but the Team is Already Planning new Improvements

    The DODO v2 Beta went live on BSC on February 22, 2021. The improved version of the decentralized exchange features additional liquidity source aggregation, a crowdpooling asset issuance tool, a custom-ratio liquidity market creation machine (DODO Vending Machine), and liquidity pool solutions for professional market makers (DODO Private Pool). Additionally, the team have introduced a liquidity mining rewards program for the BUSD/USDT stablecoin pair on the BSC mainnet and announced that this is likely not the last liquidity mining reward program that they have set up. Furthermore, DODO v2 pushes the project one step closer to becoming a dual-chain solution, as the platform is looking to function on both the Ethereum blockchain and the Binance Smart Chain (BSC). You can find out more about the BSC launch in this blog post. In the days following the BSC launch, DODO took advantage of the DeFi and Binance ecosystem hype, which caused the token’s price to increase by over 300% from $1.80 to over $8.00. The token than faces a more than 50% price correction and dropped below $3.50 before slowly recovering above $4.30. The token has seen another smaller drop and a subsequent climb lately and is currently changing hands at $4.67.

  • Crypto.com Partners with Booking.com to Offer Exclusive Travel Discounts

    Crypto.com Partners with Booking.com to Offer Exclusive Travel Discounts

    Crypto.com users can enjoy up to 25% off Booking.com’s 28M+ accommodation listings

    Hong Kong, Jan. 11, 2021 – Crypto.com has announced a partnership with Booking.com to deliver travel deals to all Crypto.com users, available exclusively inside the Crypto.com App. Crypto.com users who make Booking.com reservations in the App can now enjoy up to 25% off accommodations. As an added bonus, users who pay using their Crypto.com Visa Card can get up to 8% back on spending along with great travel perks, including free and unlimited LoungeKey™ airport lounge access, free ATM withdrawals worldwide, and no foreign transaction fees.

    Open Crypto.com Account

    According to Booking.com, 65 percent of consumers are excited to travel again in 2021, though the majority (62 percent) expect to be more price conscious when researching for their next trip. Crypto.com’s partnership with Booking.com, one of the world’s largest travel marketplaces, gives Crypto.com users exclusive access to more than 400,000 discounted properties and 28M+ accommodation listings. They can also enjoy seasonal promotions and extend the utility and perks of the Crypto.com Visa Card, ensuring that they have access to the best travel deals—all within the Crypto.com App.

    Kris Marszalek, CEO and Co-founder of Crypto.com said:

    “In 2020, our Crypto.com Visa Card program grew to become the most widely available card of its kind, and we know that travel perks are a highly sought-after benefit. Our user base also grew in 2020, and we now serve over 5 million users around the world, who are eager to travel again in 2021. We’re delighted to announce our partnership with Booking.com, the first of many we’ll be announcing this year.”

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 700+ strong team. Find out more by visiting https://crypto.com

    For press enquiries: press@crypto.com

  • Crypto.com Secures an Australian Financial Service License

    Crypto.com Secures an Australian Financial Service License

    Preparations underway to issue cards in Australia

    HONG KONG, 2nd December, 2020 — Crypto.com is proud to announce that it has secured an Australian Financial Service License (AFSL). The AFSL was secured via the acquisition of The Card Group Pty Ltd, which was approved by Australia’s Foreign Investment Review Board. Terms of the acquisition have not been disclosed.

    Open Crypto.com Account

    Securing an AFSL is yet another milestone in Crypto.com’s long standing commitment to being licensed and working within the local regulatory frameworks in markets throughout the world. This news comes on the heels of Crypto.com’s recent announcements supporting AUD transfers in and out of the platform via BPAY and NPP.

    The Crypto.com Card is already the most globally available card of its kind. Having an AFSL paves the way for Crypto.com to begin local issuance of the Crypto.com Card in Australia. Equally important is Crypto.com’s ability to have a direct relationship with Australian customers and the Australian financial ecosystem. Crypto.com looks forward to working with local network schemes to speed the development of new features and functionality of products and services available to Australian customers.

    Kris Marszalek, Co-founder and CEO of Crypto.com said:

    “We are extremely proud to secure an AFSL and look forward to having a direct relationship with our Australian customers. We are committed to accelerating the world’s transition to cryptocurrency; working within the regulatory frameworks of the markets we operate in is a key pillar of achieving our mission.”

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

    For press enquiries: press@crypto.com

  • Crypto.com Joins the International Digital Asset Exchange Association

    Crypto.com Joins the International Digital Asset Exchange Association

    Hong Kong, November 17th, 2020 — Crypto.com has become a member of the International Digital Asset Exchange Association (IDAXA). The organization sets industry standards and plays a major role in advancing dialogue regarding proposed regulations. The admission of Crypto.com into IDAXA is indicative of how the cryptocurrency app and exchange platform is committed to this shared goal and mission. Members of IDAXA include Singapore Cryptocurrency and Blockchain Industry Association, Blockchain Australia, Hong Kong Blockchain Association, and Switzerland Crypto Valley Association.

    IDAXA rose to prominence at the V20 summit last year in Osaka, Japan where an MoU was signed, with the goal of driving collaboration between regulators and the digital asset industry. Next week, the V20 will meet again in Riyadh, Saudi Arabia, with Crypto.com now ranked among its members. Chief on the agenda will be discussion of the FATF’s Recommendation 16, better known as The Travel Rule, which governs self-declaration of assets for citizens passing through customs.

    Crypto.com Chief Compliance Officer Antonio Alvarez said: “Joining IDAXA is yet another example of our commitment to achieve our mission of accelerating the world’s transition to cryptocurrency. IDAXA plays a pivotal role in bringing together the global blockchain and cryptocurrency industry to engage with legislative bodies, agencies and regulators. We look forward to participating in the development of regulations and global industry standards, such as compliance with FATF Recommendation 16.“

    We’re delighted to welcome Crypto.com as a Corporate Member of IDAXA,” said Anson Zeall, Chairman of IDAXA. “Not only are they one of the largest cryptocurrency companies in the world, with a presence in major global markets, but their values are closely aligned with those of our organization. Together, we look forward to collaborating with the goal of fostering better standards and championing financial transparency. This will give the crypto industry greater legitimacy while enhancing its reputation in the eyes of regulators and the public alike.

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

    Open Crypto.com Account

    For press enquiries: press@crypto.com

    About IDAXA

    IDAXA represents the global interests of industry, trade associations and Virtual Asset Service Providers (VASPs). Its founding partners favor a unified approach in response to the Financial Action Task Force (FATF) guidelines surrounding AML and KYC compliance for virtual asset transactions. IDAXA was established during the V20 summit in Osaka, Japan, a two-day industry summit for the world’s leading Virtual Asset Service Providers (VASPs).

  • Top 3 Coins to Watch – Week 45

    Top 3 Coins to Watch – Week 45

    As we make our way through Q4 2020, several cryptocurrency projects are making upgrades to their platforms and other changes that could arouse the interest of the broader cryptocurrency community. As always, we have prepared a selection of top 3 coins to watch. This week’s selection includes a cross-blockchain DeFi platform token, a token of a cryptocurrency derivates exchange and a native token of crypto Visa card issuer. We should warn you, however, that this is not investment advice, since, especially in this week’s selection, the price change is likely to end up in the red.

    1. Kava (KAVA) 

    Developed by Kava Labs the Kava blockchain boasts with the title of the first multi-blockchain DeFi platform. Users are eligible for rewards in the form of KAVA tokens for depositing various cryptocurrencies to the protocol’s multi collateral CDP system. The Kava blockchain utilizes the Tendermint consensus and is secured by 100 validators.

    Buy/Sell KAVA

    The team Will Patch a Minor Bug in the Kava 4 Gateway Mainnet Release

    The team behind the cross-blockchain DeFi platform successfully launched the much anticipated Kava 4 Gateway mainnet on October 15, which featured Harvest.io, the world’s first cross-chain money market application and brought support for BTC, XRP, BUSD, KAVA, USDX, and HARD Collateral types. Nevertheless, the mainnet did come with a minor bug, which prevented some interchain transfers. Although no user funds are at risk, the team has put a stop on all interchain transfers until November 3, 10:00 UTC, when the patch v0.12.0 will take effect. All network validators must update their software prior to this date. Instructions on how to update can be found here.

    2. FTX Token (FTT) 

    FTT is a token issued by the popular FTX cryptocurrency derivatives exchange, which says that “FTX Token (FTT) is the backbone of the FTX ecosystem”. In reality, users can enjoy fee rebates based on the amount of FTT being held in their exchange wallet, but the exchange’s official cryptocurrency can also be used for other purposes, such as participating the Initial Exchange Offerings (IEOs) or other programs offered by FTX.

    Buy/Sell FTT

    FTX To Gradually Start Rolling Out Crypto/Stock Trading Pairs

    Following the revival of their IEO platform earlier in the year and the launch of their unique Hashrate Futures, which correlate to the total hashpower of the Bitcoin blockchain, the FTX team is set to roll out another interesting set of products. As announced last week, the FTX futures exchange will start to offer so-called “tokenized stocks” of major U.S. companies, including Amazon, Apple, Facebook, Google, Netflix, Tesla, and the SPDR S&P 500 exchange-traded fund. Users will be able to purchase these stocks, or even fractures of them, through several crypto/tokenized stock trading pairs and all the trades will be monitored by and regulated by CM-Equity, a fully licensed German financial institution. The exchange did not provide a more detailed schedule of the launch of specific trading pairs, but the trade is said to start this week. More information regarding the tokenized stock offering can be found here.

    3. Crypto.com (CRO)

    Crypto.com is a Hong Kong-based crypto debit card issuer, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. The company, which started out under another name – Monaco, conducted a token sale between May and June of 2017 which raised $26.7 million of funds.

    Buy/Sell CRO

    Crypto.com Discontinues the MCO Token and now only operates with CRO

    Up to now Crypto.com used two tokens: the MCO token, which was linked to the functionalities of the MCO Visa card and the CRO token, which could be utilized on the Crypto.com exchange for fee discounts, discounted purchases of crypto as well as staking and other earn programs. Crypto.com decided it is inefficient to maintain two native tokens and announced the discontinuation of the MCO token in August 2020. Holders had to swap their MCO for CRO prior to November 2, 2020, 23:59 UTC, when the swap program concluded and all unswapped MCO tokens became useless.

    However, the merger of the tokens seems to have only accelerated the decline of Crypto.com. Many users jump onto the CRO bandwagon early on due to their insane offering of cryptocurrency debit cards and perks and discounts that came with them. Although users had to stake CRO to receive these benefits, the offered staking deals were very lucrative compared to those offered by rivals. It has now become obvious that these perks could not be sustained over the long term and Crypto.com had to reduce them as well as lower the interest rate on its earn scheme and slash the referral program bonus in half, dropping it from $50 to just $25. The fall of Crypto.com empire became inevitable when industry giant Binance rolled-out its own Visa debit card on top of the already lucrative staking, earn and launch pool deals. This resulted in many Crypto.com’s customers selling their CRO and leaving the platform. The negative sentiment can be observed in the CRO price movement as well since the value of the token is down by almost 50% since October 13. In addition, Crypto.com offered a 20% early swap discount for users wanting to swap their MCO for CRO at a better rate. However, the deal was offered under one important condition – the users were required to stake their CRO tokens for a period of 6 months. Once these contracts unlock, the freed CRO is likely going to end up being sold on the market, thereby significantly increasing the sell pressure, and decreasing the token’s price. If Crypto.com does not find a way to drive the demand for CRO up, which can be generated by the influx of new users, the CRO is set to plunge even lower.

  • Crypto.com Integrates PayID Offering 5M+ Users an Easy and Unique Way to Send & Receive Crypto

    Crypto.com Integrates PayID Offering 5M+ Users an Easy and Unique Way to Send & Receive Crypto

    PayID, a universal payment identifier, enables Crypto.com’s 5M+ users to send/receive crypto across any network under the same initiative, connecting 100M+ consumers worldwide

    HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App.

    Open Crypto.com Account

    Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing their ability to connect to 100M+ crypto users worldwide. 


    PayID solves a key pain point in the crypto payments world, which consists of many closed and complex networks. Participants must manage multiple long and random wallet addresses, increasing the likelihood of erroneous transactions. PayID creates a free, open and common protocol that allows for interoperability between any payment network or currency.

    Starting today, Crypto.com is offering early access for select customers to register their unique Crypto.com PayID. To be eligible:

    • Stake 10,000 CRO or more in Crypto.com Exchange; or
    • Stake 10,000 CRO or more in Crypto.com App

    On 2 November 2020 all Crypto.com App users can register their own Crypto.com PayID within the Crypto.com App.

    Once registered, users can send crypto from other compatible wallets to the Crypto.com App with just their PayID, instead of a full-length crypto address. At launch, supported cryptocurrencies include CRO, ETH, BTC, XRP and many more ERC20 tokens. Users can also send crypto to other compatible wallets using PayID hosted by other members in the Open Payments Coalition.

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com 

    For inquiries: press@crypto.com

  • Crypto.com Releases the Spanish version of its Mobile App and Exchange

    Crypto.com Releases the Spanish version of its Mobile App and Exchange

    <Hong Kong, September 07, 2020> Today Crypto.com introduced the Spanish version of its App and Exchange, marking another milestone for the company on its mission to accelerate the world’s transition to cryptocurrency. As a result, Crypto.com’s services will be accessible to the 500m+ Spanish-speaking community around the world.

    Open Account and get $50

    The Spanish-language versions of the App and Exchange follow the recent release of French-language versions, as the company continues to grow globally and especially throughout Europe. Known for its deep liquidity, low fees and Crypto Earn program, Crypto.com reached the 3 million user milestone in July. This milestone was reached shortly after rolling out the Crypto.com Card to 31 European markets in April. Since then, the Crypto.com App has reached top 50 in the Finance category in Spain, France,  UK, and Italy where its popularity continues to grow thanks to unrivaled benefits: competitive rates, unprecedented cashback rewards when shopping with the Crypto.com card, and the ability to purchase Gift Cards using crypto for top brands throughout Europe. The team has bolstered its regulatory compliance within the complex payments and crypto ecosystem and launched local Telegram communities supporting most EU languages for better access to instant feedback and support. 

    Mariana Gospodinova, Crypto.com’s Europe GM said: “Shortly after releasing the French-language version of our App and Exchange, we’re excited to be supporting the vibrant Spanish-speaking community as well. This is yet another solid step on our mission to accelerate the world’s transition to cryptocurrency. Expect to see more languages supported in the near future.” 

    Spanish language versions of both the Crypto.com App and Crypto.com Exchange will be available immediately. Crypto.com will provide community support via its dedicated Spanish-language Telegram channel: https://t.me/Cryptocom_ES

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 3 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 500+ strong team. For more information, please visit www.crypto.com. 

    For press inquiries: press@crypto.com