Tag Archives: crypto.com

1.) Crypto.com CEO announces 20% staff cut, ‚did not account‘ for FTX collapse„While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate ongoing economic headwinds. “https://cointelegraph.com/news/crypto-com-ceo-announces-20-staff-cut-did-not-account-for-ftx-collapse 2.) Miss El Salvador Features Bitcoin in Miss Universe...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Popular digital currency exchange Crypto.com is in hot water after it allegedly sent a lot of digital money to the wrong account. Crypto.com Sent Money to the Wrong Area At the time of writing, Crypto.com is purported to have sent as much as $400 million in Ethereum funds to a wallet stationed on the platform of its competitor and rival Gate.io. CEO Kris Marszalek took to social media to express his remorse over the situation and explain things to potential investors. He...

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 the first complaint against an advertisement by the exchange. In fact, the regulator banned two adverts from the platform following...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

The AFL says it’s going to continue its partnership with Crypto.com, a famed crypto exchange, even though there are concerns about the space following the collapse of digital trading platform FTX. Crypto.com Is Raising All Kinds of Questions The world was shocked in mid-November when one of the largest digital currency exchanges out there came crashing down and was forced into bankruptcy proceedings due to an alleged liquidity crunch. The firm was hit hard with creditors...

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 is “incredibly proud” to secure an EMI license from Banco do Brasil. The greenlight enables it to provide services to...

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 – an independent crypto-focused advisory firm that also carried out Binance’s proof of reserves last month. ...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

The freezing crypto winter and the fall of the FTX empire have hit the entire industry. As confidence in CEXs dwindles, the CEOs of the various platforms have been quick to try and calm their customers’ fears. Crypto.com has been in the social media spotlight because of this exact reason. Following an AMA from its CEO, the exchange sent an email to its clients assuring everyone that their funds are safe and available for withdrawal or trading on a 24/7 basis. Funds Are Safe...