Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The interest earned on Crypto.com is simple daily interest and will not be compounded. Crypto.com’s homepage boasts interest rates up to 14%, but it conveniently doesn’t mention that these rates are only available for power users holding large amounts of its token CRO. Let’s explore if Crypto.com is worth using for any tier of users.
While Crypto.com grants users higher interest rates when locking up their assets, its rates are only best-in-class at the highest CRO lockup tiers. The value of CRO is incredibly volatile, and frankly, offers dubious value.
While your CRO is staked and locked up for 3 months, it also earns 6% on all tiers. It’s tricky to create a crypto.com review that solely focuses on the Crypto Earn product because the feature is so intertwined with the Crypto.com ecosystem.
The best Crypto.com card tier is the Obsidian, which requires $400,000 in CRO staked, which boosts CRO APY to 8%. Crypto.com card tiers, another feature CRO holders can benefit from. While your CRO is staked and locked up for 3 months, it also earns 6% on all tiers.
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