Tag: Crypto.com

Crypto.com’s FIFA World Cup Win Is Overshadowed by FTX Industry Chaos
18Dec By adminNo Comments
Technology

Crypto.com’s FIFA World Cup Win Is Overshadowed by FTX Industry Chaos

[ad_1] At Sunday’s World Cup championship final between France and Argentina, Crypto.com will have a highly coveted seat right on the sideline. At Sunday's World Cup championship final between France and Argentina, Crypto.com will have a highly coveted seat right on the sideline, with the digital-asset exchange's name plastered on the wall just feet from both teams' star players. For viewers still smarting from rival FTX's implosion, the signage may put a damper on their revelry. Crypto.com's field position is a highly visible symbol of how aggressively crytocurrency companies once courted mainstream investors by pouring billions into advertising and sports sponsorships as the speculative mania peaked, culminating in a blitz by FTX during last year's US Super Bowl. But the bubble h...
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Crypto.com Recovers $400 Million After Misplaced Ether Transfer
14Nov By adminNo Comments
Technology

Crypto.com Recovers $400 Million After Misplaced Ether Transfer

[ad_1] Crypto.com said it recovered almost $400 million in cryptoasset Ether from Asian exchange Gate.io, after it accidentally transferred the funds to the wrong account. Crypto.com said it recovered almost $400 million in cryptoasset Ether from Asian exchange Gate.io, after it accidentally transferred the funds to the wrong account.The company was supposed to move 320,000 in Ether to a new cold storage address -- a type of offline wallet -- but the funds were sent instead “to a whitelisted external exchange address,” Crypto.com Chief Executive Officer Kris Marszalek said on Twitter. Crypto.com's initial Oct. 21 transfer represented more than 80% of the exchange's total Ether holdings, according to a partial proof of reserves provided by Marszalek on Nov. 11.  A spokesperson for the ...
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Paris A Crypto Hub? Macron’s Dream May Be a Gamble
24Oct By adminNo Comments
Technology

Paris A Crypto Hub? Macron’s Dream May Be a Gamble

[ad_1] The French president wants to make Paris a crypto hub, but tougher rules are needed to safeguard users. Paris is offering shelter from crypto winter. The City of Lights has welcomed Binance and more recently Crypto.com (of Matt Damon cringe fame) with regulatory licenses; an “NFT Factory” showcasing digital artworks has also opened its doors opposite the Centre Pompidou. President Emmanuel Macron's administration sees an advantage in luring tech talent and investment, while France's culture and entertainment champions have felt pressure to dabble in meta-collectibles in a Silicon-Valley-dominated world — even as enthusiasm has dimmed somewhat. But hopes for a French “exception” to the wider crypto market wreckage are running into the need for tougher rules. Case in point...
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Crypto’s Hold on Formula 1 Sponsoring Gets Tested in Singapore Grand Prix
1Oct By adminNo Comments
Technology

Crypto’s Hold on Formula 1 Sponsoring Gets Tested in Singapore Grand Prix

[ad_1] At Formula 1's Miami Grand Prix, the dizzying displays of crypto companies sponsoring the sport were inescapable. At Formula 1's Miami Grand Prix in May, the dizzying displays of crypto companies sponsoring the sport were inescapable, with Crypto.com's blue branding covering every imaginable surface along the race track. When Singapore hosts the most popular motor sport this weekend, the visibility of digital assets will be far more subdued. The Monetary Authority of Singapore will let teams show their crypto sponsors' logos only on cars and uniforms at the Singapore Grand Prix, but no advertising will be permitted around the track or in the local area. The shift underscores the changing mood around crypto, both f...
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