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The Latest Breaking News from Cryptocom

Crypto.com Receives Singapore Token Permits Approval Along With Two Other Firms

Singapore will be issuing in-principle approvals for Crypto.com, Genesis, and Sparrow Tech to provide digital payment token services in the city-state, even as it maintains a strict cryptocurrency licensing regime, Bloomberg reported.

Benzinga

Crypto Firms Scale Down Spending On Sports Marketing, Amidst Recent Market Crash

Following the recent crypto market crash, major cryptocurrency companies have started preserving funds by reducing marketing costs.

Benzinga

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult

The Guardian - US

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Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

WEKU

The crypto landslide is finally here

If you “bought the dip” in March, your $1,000 Ethereum investment would now be worth less than $500.

Input

BlockFi Lays Off 20% Of Workforce: 'Macroeconomic Environment Has Shifted Dramatically'

Zac Prince, CEO of cryptocurrency exchange and lender BlockFi, took to Twitter Inc (NYSE: TWTR) on Monday to announce the company intends to lay off 20% of its staff.

Benzinga

Cryptos' Market Cap Tanks Below $1 Trillion, Crypto.com CEO Lays Off 5% Staff

Amid a wider market rout, the total market capitalization of cryptocurrencies has fallen below $1 trillion, levels not seen since February 2021.

Benzinga

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Commonwealth Bank pauses in-app cryptocurrency trading after market turmoil

Bank says it will pause rollout of app-based trading of assets like bitcoin and Ethereum pending further regulation

The Guardian - AU

Crypto.com Restarts Card Rewards After Community Backlash And Cronos (CRO) Crash

Crypto.com has opted to reverse its decision to slash card staking entirely after backlash from the cryptocurrency community. What Happened: On Monday, Singapore-based cryptocurrency exchange Crypto.com said it would reduce the rewards on its visa-based cards.

Benzinga

Ethereum Whale Buys 2 Trillion Shiba Inu For $48M

An Ethereum (CRYPTO: ETH) whale was seen snapping up $48 million worth of Shiba Inu (CRYPTO: SHIB) tokens.

Benzinga

Nicholas Goldberg: When bathrooms have naming rights, has branding gone too far?

LOS ANGELES — It took me a few moments standing there outside the bathrooms at the Music Center in downtown Los Angeles before I fully grasped that some fundraising genius had actually sold the lavatory naming rights.

Los Angeles Times

UFC adds Fan Bonus of the Night for fighters to be paid in bitcoin

Beginning with UFC 273, the promotion will pay fighters competing on pay-per-view events $60,000 worth of bitcoin bonuses.

USA Today Sports Media Group

2 Crypto Companies Are Spending Massive Amounts On Sports Sponsorships: 6 Of The Biggest Deals

Venture capitalists spent a record $33 billion on crypto and blockchain startups in 2021, more than all prior years combined, according to data by Galaxy Digital Research. $22 billion of the total went to fundraising rounds with deal sizes above $100 million. Crypto and blockchain startups received almost 5% of the…

Benzinga

This Crypto Company Has Become An Official Sponsor Of FIFA World Cup 2022

Singapore-based Crypto.com has signed a deal with soccer's world governing body FIFA to be the exclusive cryptocurrency trading platform sponsor for the Qatar World Cup.

Benzinga

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