Cryptocurrency Analysis and News Portal
Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.com obtaining a provisional crypto license in Dubai and FTX launching in Japan.Crypto.com announced on June 2 that the Dubai Virtual Assets Regulatory Authority (VARA) provided the exchange with provisional approval of its
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Merchants using Shopify now have another option to accept cryptocurrency as a payment method. Source
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Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application allowed users to get away with a 30-40x profit on LUNA trades momentarily.On Friday, Crypto.com
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Cryptocurrency exchange Crypto.com has halted the trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.In a Friday news release, Crypto.com said that LUNA trades have been halted due to a pricing error between 12:40 and 13:39
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Staking rewards of as much as 8% would be offered to its card users, the company’s CEO said. Original Source
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Crypto exchange Crypto.com announced severe reductions to CRO staking rewards for most tiers of its VISA prepaid card which has forced the token price to fall around 30% in less than a week.Its May 1 blog post explains that card rewards will be reduced by an average of 69.5%, and
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On Monday, Crypto.com’s Cronos (CRO) slide followed suit with a sharp drop after the crypto exchange said it was reducing some staking and rewards tied to its popular pre-paid Visa cards. According to Tradingview.com, the coin dropped by 19% to $.265. On Sunday before the announcement, CRO was trading above $.33
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"Staking CRO tokens enabled rewards for users and incentivized the use of their debit card," shared Edson Ayllon, Product Manager at dHEDGE, in a Telegram message. "Reducing cashback rewards reduced the intrinsic value proposition of CRO. "This is similar to how DeFi protocols use liquidity mining to attract assets. It's
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Ultimate Fighting Champion (UFC) athletes are to be paid bonuses in bitcoin thanks to the ongoing partnership between the mixed martial arts organizations and Crypto.com. Original Source
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The deal with FIS Worldpay is meant to free firms from the “fiat-only ecosystem.” Source
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