Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK,...Read More
The leading cryptocurrency exchange – Crypto.com – recently teamed up with the payment platform PayPal to become the preferred marketplace for the recently launched stablecoin – PayPal USD (PYUSD). As such, it said there are now new trading pairs on the application. In the following lines, we will outline which ones exactly. Support for XRP...Read More
Leading digital asset exchange, Crypto.com, announced a partnership with global payments giant PayPal to become the preferred exchange for the recently launched PayPal USD (PYUSD). According to an official release, the collaboration builds on the firms’ existing integrations, including a top-up service between PayPal and the Crypto.com Visa Card. Crypto.com Becomes Preferred Exchange for PYUSD...Read More
The Web3 startup accelerator that focuses on Decentralized Finance (DeFi) and blockchain games – Cronos Labs – said the recruitment phase of the Cronos Accelerator Program started on September 4. The entity has previously teamed up with numerous companies, including Google Cloud, Amazon Web Services (AWS), and PeckShield, to support the scheme’s launch. The price...Read More
The popular cryptocurrency exchange – Crypto.com – secured regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services. The company previously received certain types of authorization from numerous other European nations, including the United Kingdom, France, Italy, Spain, and more. Crypto.com announced it has complied with the Netherlands’...Read More
The leading cryptocurrency exchange – Crypto.com – obtained a Virtual Asset Service Provider (VASP) registration from the central bank of Spain. The financial institution has shown a positive stance toward digital asset companies in the past few years, giving a regulatory nod to Binance’s subsidiary – Moon Tech Spain – last summer. Crypto.com announced the...Read More
One of the leading cryptocurrency exchanges – Crypto.com – was recently rumored to have conducted proprietary trading, whereas some of its teams might have traded assets for profit. The company rejected the accusations, asserting it has adopted best practices to operate in the industry. Crypto.com Under Fire Five people with direct knowledge of the matter...Read More
The Winklevoss-led crypto exchange Gemini announced it has started the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). As part of its global expansion plans, Gemini revealed engaging with stakeholders throughout the region to learn more about local regulatory requirements and the needs of UAE crypto investors....Read More
Popular digital asset trading platform Crypto.com has partnered with technology giant Samsung to offer an optimized version of its app for Samsung Galaxy Z Fold devices, including the recently launched Z Fold4. In a statement released Thursday, Crypto.com announced the new update, Version 3.158.1, which features an enhanced trading and analysis experience specifically for Galaxy...Read More
Amazon Web Services (AWS) – a cloud computing platform provided by the retail giant – collaborated with the Web3 startup that focuses on DeFi and blockchain games – Cronos Labs. CRO – the native token of the ecosystem – climbed by 13% shortly after the announcement. A Breath of Fresh Air for CRO AWS disclosed...Read More
The American actor – Matt Damon – partnered with Crypto.com in 2021 to become the face of its marketing campaign. However, the ad called “Fortune favors the bold” received severe backlash from the community. In a recent interview, he admitted that the exchange distributed $1 million to his charity entity, water.org, which has become his...Read More
Jatinder Singh, the 37-year-old partner of Thevamanogari Manivel, a Melbourne woman who mistakenly received $10.5 million instead of a $100 refund from digital asset exchange Crypto.com, has been granted bail by the Victorian County Court. Although Senior Constable Conor Healy argued that roughly $7 million had been recovered and Singh could flee with the outstanding...Read More
Cryptocurrency exchanges will supposedly not promote their products and services during Super Bowl LVII this Sunday (February 12). The bear market in 2022 shook the industry to its core, wiping out close to $2 trillion and causing multiple bankruptcies. One of the most active advertisers at last year’s Super Bowl was FTX, whose demise in...Read More
The prolonged bear market reduced the interest in cryptocurrencies and hampered the operations of numerous industry players. Some leading exchanges, including Coinbase, Crypto.com, Bybit, and Kraken, laid off a chunk of their workforce to cope with the challenging times. The trend seems to be similar at the start of the new year despite the recent...Read More
Crypto.com has been hit by yet another wave of layoffs. The co-founder and CEO of the crypto exchange, Kris Marszalek announced the decision to reduce the headcount by 20% citing ongoing economic headwinds and unforeseeable industry events. The exec revealed all affected employees have already been notified and added that the reductions were not related...Read More
The Advertising Standards Authority (ASA) – UK’s advertising regulator – banned an NFT promotion by Crypto.com on December 21. According to the press release, ASA flagged a paid-for Facebook advertisement for the crypto platform, citing failure to illustrate the risk of investing in NFTs as well as clarify details with regard to fees. This isn’t...Read More
The cryptocurrency exchange Crypto.com obtained a Payment Institution License (EMI) from the Central Bank of Brazil. The authorization will allow the firm to continue offering digital asset products and services to residents of the South American country. Getting a Nod From Brazil In a recent announcement, Kris Marszalek – CEO of Crypto.com – said the company...Read More
The company that audited both Binance and Crypto.com – Mazars group – will be pausing its work with cryptocurrency businesses. In a statement reported by Bloomberg, a spokesperson from Binance said: “Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto,com, KuCoin, and Binance. Unfortunately,...Read More
CryptoCom is the latest exchange to provide proof of reserves amid soaring demand for industry transparency stemming from FTX’s collapse. The audit found that its customers’ balances for multiple top cryptocurrencies, including Bitcoin and Ethereum, are over 100% backed. As the exchange announced on Friday, its proof of reserves featured an audit from Mazars Group...Read More
FTX’s collapse stirred the cryptocurrency market in a way that not many expected, but there’s some silver lining, however tiny it may seem. For once, most of the leading exchanges decided to go ahead with their proof-of-reserves and published the majority of their addresses that contained the funds stored on their platforms. CryptoCom is one...Read More
Leading global payment processor Visa has launched a new non-fungible token (NFTs) solution dubbed “Visa Masters of Movement,” designed to engage football fans in the FIFA World Cup Qatar 2022. Visa has been the official payment partner of the International Federation of Associations of Football (FIFA) since 2007. The payments giant described its new product...Read More
After CryptoCom, the crypto service platform – BlockchainCom – has announced plans to restrict Russia-based users. In an email to its users, the company notified that it will block the accounts of Russians. The move comes after the European Union’s (EU) eighth package of sanctions against Russia. According to the news agency RBC’s latest report,...Read More
Singapore-based digital asset exchange CryptoCom has received a license from the French regulatory authorities Autorité des marchés financiers (AMF) to operate in the country as a digital asset services provider (DASP). The approval was granted after the exchange was cleared by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The ACPR is an independent...Read More
Citing legal issues it’s facing in some European countries, Singapore-headquartered CryptoCom has backed out of a $495-million sponsorship deal with Union of European Football Association (UEFA) Champions League. Regulatory Issues Behind Scrapping of Deal The cryptocurrency company that offers trading, DeFi, and wallet services, among others, was set to replace Russian oil major Gazprom as...Read More
To become rich is everyone’s dream but to be rich by chance is not everyone’s fate. However, this isn’t a lottery-winning story that sounds crazier than fiction or an inventor who made a fortune from an accidental invention. This is a story about how CryptoCom accidentally transferred a whopping $10.5 million to a woman in...Read More
CryptoCom – received Electronic Financial Transaction Act and Virtual Asset Service Provider registration from the South Korean regulators after acquiring the payment service provider – PnLink Co. – and the digital asset firm – OK-BIT Co. CryptoCom’s latest approval in the East Asian country could be considered a fresh breath of air since it has...Read More
Leading crypto exchange, CryptoCom, has announced receiving regulatory approval from the Cyprus Securities and Exchange Commission (CySEC) to further its European expansion. Europe: a Priority Region for CryptoCom According to the official press release, CryptoCom will now be able to offer a range of products and services to customers in the island country while complying...Read More
CryptoCom – a leading North American cryptocurrency exchange – has launched its new in-app Google Pay purchase feature. This will allow users to purchase cryptocurrency more quickly through their Android devices through Google Pay. According to a press release shared with CryptoPotato, users may take advantage of the feature so long as their debit/credit card...Read More
The top financial regulator in Italy – Organismo Agenti e Mediatori (OAM) – greenlighted the digital asset exchange CryptoCom to provide a range of products and services to Italian clients in compliance with domestic law. In addition, the German investment platform – Trade Republic – also expanded its presence to the southern European country, registering...Read More
With the recent rise of crypto trading firms suspending essential services due to liquidity-related issues, speculations on the next victim of the ongoing market crash have also gone rampant in the community. CryptoCom CEO Kris Marszalek took the latest rumors against his exchange to Twitter, clarifying that it did not implement withdrawal restrictions nor run...Read More
