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The Latest Breaking News from Cryptocom

Crypto sector lobbying expenditures up a third in second quarter

WASHINGTON — Spending by the cryptocurrency lobby hit a record high last quarter, as members of Congress from both parties and chambers proved willing to engage with the industry’s top priorities.

Tribune News Service

Crypto sector lobbying expenditures up a third in second quarter - Roll Call

The cryptocurrency industry set a new spending record on lobbying in the latest quarter as it becomes a bigger issue in Washington.

Roll Call

Crypto Companies Are Spending $2.4 Billion on Sports Sponsorships

Crypto.com, Coinbase, and FTX are moving aggressively to match the marketing muscle of carmakers, beer brands, and other big-money advertisers.

Businessweek

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How an anonymous crypto confession box is revealing investors’ tales of loss and despair

Anonymous confession sites have flourished in the digital age. A new site is prising open crypto’s black box, revealing the levels of despair among investors, its creator tells Bevan Hurley.

The Independent UK

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

WEKU

Commentary: Cryptocurrency is a peril for the Black community

“The future is crunk!” declares a digital re-creation of a young LeBron James in the ubiquitous TV commercial promoting Crypto.com.

Chicago Tribune

Dogecoin, Shiba Inu Among Several Tokens Cut From Crypto.com Rewards Program

Cryptocurrency exchange Crypto.com has removed Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and several other crypto tokens from its Crypto Earn rewards program.

Benzinga

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Benzinga Before The Bell: Executive Shakeup At Amazon, Boeing Supply Chain Warning, Apple's Tim Cook Says 'Stay Tuned' On AR/MR And Other Top Financial Stories Wednesday, June 22

CNBC Moderna To establish New Vaccine Facility In Britain

Benzinga

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

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

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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.

The Guardian - AU

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

Benzinga

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.

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Los Angeles Times

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.

USA Today Sports Media Group

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.

Benzinga

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.

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