The crypto industry continues to stagger under a massive wave of layoffs that have been occurring in recent times. Among the recent companies from the sector, Crypto.com has planned on axing 20% of its workforce. The Singapore-based company, Crypto.com, has confirmed its decision via a blog post. According to Co-Founder and CEO Kris Marszalek, the…
Crypto.com is one of the centralized exchanges that survived the market tribulations of 2022. Recent analysis done by CryptoCompare shows that the CEX had an average market share of 4.6% last year. Its native token Cronos, despite the challenges, was able to withstand the beating. Although this is incredibly small compared to the big shots…
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 per coin. Related Reading…
Sponsorship deals have become part of the measures that crypto-related companies employ in widening the knowledge and acceptance of cryptocurrency, one of the recent deals in the Australian Football League (AFL) and Crypto.com. Most of these sponsorships have been on sporting teams, with more football and basketball. This deal comes as the number 1 primary crypto…
Binance is the largest exchange platform in trading volume within the crypto industry. Through its user-friendly interface, the exchange has over 20 million users. In addition, the platform supports several cryptocurrencies that would boost an investor’s portfolio. In its move to enhanced performance and services to customers, Binance has a strategic investment of $12 million…
Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, announced that it would offer users the option to settle transactions in Ethereum-based stablecoin USDC, becoming the first major payment services provider to have…
Crypto markets cooling this Friday; Binance Coin dominating, Tezos still running, Bitcoin Cash and Cardano dumping. There has been a slight pullback today following yesterday’s push to $180 billion. Crypto markets have now settled into a new range bound channel and have continued their consolidation. There has been no breakout in either direction over the…
Crypto markets correcting this Sunday; Bitcoin Cash, SV and Crypto.com dumping, BNB, BitTorrent Token and Tezos still up. Crypto markets have started to pull back following their $6 billion pump yesterday. Sunday’s action has been somewhat slower as total market capitalization drops back below $140 billion and a selloff starts as day traders take profits.…
Crypto markets being driven by altcoins; Cardano, NEM and CRO Cranking, Bitcoin dominance diminishing. Crypto markets are still consolidating as we round off another week. Volume has crept up a little and a slow uptrend has formed over the past couple of days as major crypto assets hit resistance levels. Total market capitalization has made…
When a crypto asset goes on a parabolic moon shot it needs a closer look. One that is flying up the market cap charts at the moment is Crypto.com Chain, muscling its way into the top thirty with a 170% pump on the day. CRO Token Surges 200% in Under 2 Days This time last…