Posts Tagged ‘Cryptocom’
Crypto.com Secures Crucial License From UK’s Financial Conduct Authority (FCA)
Singapore-based cryptocurrency exchange company Crypto.com announced Monday that it has secured a crucial license from the U.K.’s financial regulatory body Financial Conduct Authority (FCA). Crypto.com achieved a new licensing milestone after it was granted by the FCA the authorization as an Electronic Money Institution (EMI). “We are proud to announce that Crypto.com has been authorized…
Read MoreCrypto.com To Terminate Newly Launched Crypto Service In The U.S.
Crypto.com, the Singapore-based cryptocurrency exchange company, has announced that it is ending its institutional-grade services just over a year after they were launched. Crypto.com announced Friday that it will no longer offer its services to institutional clients in the US starting 11:59 p.m. EDT on June 21, citing “limited demand” from customers and taking into…
Read MoreCrypto.com Says Balance Sheet Strong, Exchange Not In Trouble
The logo of Crypto.com is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. Singapore-based crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks. Chief…
Read MoreCrypto.com CEO Kris Marszalek Admits Ethereum Worth $400 Million Was Sent by Mistake to Gate.io
Twitter rolls back $8 Blue service days after launch; users flummoxed Crypto.com sent cryptocurrency worth more than $400 million to another crypto exchange by mistake. Crypto.com CEO Kris Marszalek admitted the goof-up in a tweet. Ethereum worth $400 million was sent to crypto exchange Gate.io. According to Crypto.com CEO Kris Marszalek, the exchange was supposed…
Read MoreCrypto.com Accidentally Sends Enormous Funds to Gate.io
Crypto.com “accidentally” sent around 320,000 Ether (ETH), which represents almost 80% of ETH on its platform, to another exchange, Gate.io. It recovered the funds later. In late October, a substantial amount of ETH (worth approximately $400 million) was sent from Crypto.com to Gate.io. However, these tokens were actually supposed to go to a cold storage…
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