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Cryptocom

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CFTC Takes Federal Side in Prediction Market Fight Against States
business11 days ago

CFTC Takes Federal Side in Prediction Market Fight Against States

The CFTC, led by Chairman Michael Selig, filed a friend-of-the-court brief backing Crypto.com and arguing that prediction markets fall under federal regulation rather than state gambling laws, signaling a major stance in the clash over how these platforms should be regulated as states like Massachusetts and Nevada push restrictions and industry advocates tout the markets as financial exchanges under CFTC oversight, with Kalshi reporting large trading volumes such as for the Super Bowl.

via NBC News|
#business#cftc#cryptocom
Trump Media Expands Crypto Ventures with Crypto.com Partnership and $6.4 Billion Investment
business6 months ago

Trump Media Expands Crypto Ventures with Crypto.com Partnership and $6.4 Billion Investment

Trump Media and Crypto.com have announced a deal with a SPAC to create a new crypto venture focused on accumulating the platform's native token CRO, following a strategy similar to MicroStrategy's bitcoin holdings, and going public on Nasdaq. The move reflects growing corporate interest in crypto treasury strategies, with the CRO token surging after the announcement.

via Reuters|
#business#cro-token#cryptocom
business6 months ago

Trump Media Group Raises $6.4 Billion for Crypto Investments and Acquisitions

Trump Media Group is partnering with Yorkville Acquisition Corp. and Crypto.com to create the CRO Strategy, a digital asset treasury focused on acquiring and managing CRO tokens of the Cronos ecosystem, backed by significant funding including $200 million in cash, a $5 billion credit line, and over 6 billion CRO tokens, aiming to establish a leading position in the digital asset market and integrate with the U.S. financial system.

via GlobeNewswire|
#business#business-combination#cro
"Crypto.com Emerges as Key Beneficiary of Bitcoin Surge"
businessfinance1 year ago

"Crypto.com Emerges as Key Beneficiary of Bitcoin Surge"

Crypto.com has become a prominent name in the cryptocurrency world through aggressive marketing and high-profile sponsorships, yet it remains relatively obscure in the American market. Despite its global user base and significant advertising spend, it has managed to avoid the regulatory scrutiny faced by competitors like Coinbase and Binance. The company, originally founded in Hong Kong and now headquartered in Singapore, continues to push for brand awareness while maintaining a low profile in the U.S. regulatory landscape.

via Business Insider|
#bitcoin#businessfinance#cryptocom
"Bitcoin Halving Sparks King Crypto Sales Surge, Predicts Crypto.Com CEO"
cryptocurrency1 year ago

"Bitcoin Halving Sparks King Crypto Sales Surge, Predicts Crypto.Com CEO"

Crypto.com CEO Kris Marszalek anticipates a surge in Bitcoin sales leading up to the upcoming 'halving' event, which is expected to decrease the new supply of Bitcoin and potentially boost its price. Despite uncertainties and potential selling due to trading strategies, Marszalek remains confident that the 'halving' event will have a substantial positive impact on the market over a longer period. The introduction of Bitcoin ETFs has been projected to potentially drive Bitcoin's price to surpass that of gold, and despite recent price fluctuations, some experts remain optimistic about Bitcoin's future.

via Benzinga|
#bitcoin#bitcoin-halving#cryptocom
"BlackRock, Ripple, and Crypto.com Drive Crypto Market Growth"
cryptocurrency2 years ago

"BlackRock, Ripple, and Crypto.com Drive Crypto Market Growth"

BlackRock's application for a Bitcoin spot ETF to the SEC has caused a surge in Bitcoin prices, while Ethereum's proposal to increase the stake needed to be a network validator has been met with skepticism. Crypto sleuth ZachXBT faces harassment as supporters rally around his legal defense fund. Ripple expands globally due to the SEC's crackdown on domestic blockchain companies. Singapore-based exchange Crypto.com makes inroads in Europe. President Biden emphasizes the importance of safeguarding privacy and addressing bias and disinformation in the face of technological change.

via Decrypt|
#bitcoin#blackrock#cryptocom
Crypto.com Arena Name Safe Despite Company Changes and Suspensions
business2 years ago

Crypto.com Arena Name Safe Despite Company Changes and Suspensions

Crypto.com is shutting down its institutional exchange in the US, affecting about 400 customers, but its name will remain on the downtown Los Angeles arena that is home to the Lakers, Clippers, Kings, and Sparks. The company's app, which has multiple millions of users, will continue to serve small investors. Crypto.com purchased the naming rights to the arena for $700 million in 2021 for 20 years.

via Deadline|
#arena#business#cryptocom
Crypto.com Arena Name Safe Despite Exchange Shutdown and Institutional Business Winding Down
business2 years ago

Crypto.com Arena Name Safe Despite Exchange Shutdown and Institutional Business Winding Down

The naming rights for Crypto.com Arena in Los Angeles will not be affected by the closure of Crypto.com's institutional exchange service for US customers, according to the company. The shutdown, which affects less than 400 entities, will not impact the company's retail trading app, which serves a large number of its more than 80 million users. Crypto.com entered a $700 million naming rights agreement in 2021 with AEG, the owner and operator of the arena known for years as the Staples Center.

via Forbes|
#business#cryptocom#cryptocom-arena
Crypto.com Shuts Down US Institutional Service Amid SEC Crackdown.
cryptocurrency2 years ago

Crypto.com Shuts Down US Institutional Service Amid SEC Crackdown.

Crypto.com will shut down its institutional service for American clients on June 21 due to limited demand from institutions in the US market. The decision will not impact its retail app used by more than 80 million users worldwide. The move comes as the US becomes an increasingly difficult place for crypto companies to do business, with the SEC suing major crypto exchanges Binance and Coinbase this week and its Chairman hinting that digital asset companies weren't welcome.

via Decrypt|
#cryptocom#cryptocurrency#cryptocurrency-exchange