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The Latest Breaking News from Cryptocom

Crypto.com's name is all over the 2022 World Cup. Will it be around for the next one?

Crypto.com issued a report to reassure customers and the public its finances are just fine. Is that enough?

Fortune

Why sports sponsorship is unlikely to save cryptocurrency firms from 'crypto winter'

If you have been watching the Fifa World Cup in Qatar closely, you will have noticed the advertising on the hoardings around the pitch. Alongside the usual names – Adidas, Coca-Cola, Visa – there are some new ones, including Crypto.com, the Singapore-based cryptocurrency and payment platform.

The Conversation

Senator raises concerns over lack of checks for crypto businesses seeking financial services licences

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

The Guardian - AU

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FTX's implosion raise questions about Genesis, Crypto.com, and Silvergate

BlockFi is likely the just first of some big dominoes to fall in the wake of the FTX collapse. Here are some others to watch.

Fortune

The Weekly Wrap for Saturday, 19 November 2022

We're loathe to kick someone while they are down but this story has gone from ludicrous to fever-dream. Sam Bankman-Fried is trying to tweet through it. FTX's bankruptcy specialists are rending their garments and ululating.

inkl Originals

What do we know so far about collapse of crypto exchange FTX?

How did Sam Bankman-Fried’s FTX fail and what does the firm’s fate tell us about cryptocurrencies?

The Guardian - UK

FTX's downfall casts a shadow over other sports-rights deals. What's up, Crypto.com Arena?

When the Miami Heat announced in March 2021 that the team had sold naming rights for its arena to FTX, the response from sports fans was a resounding: Who?

Los Angeles Times

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"The Impossible Challenge" - YouTuber bids to attend every World Cup game

Renowned YouTuber Thogden is attempting to become the first person ever to attend every single World Cup game over the next month, starting with Qatar vs Ecuador on Sunday

Daily Mirror

AFL stands by Crypto.com partnership amid fears of a cryptocurrency meltdown

League says no change to deal with Singapore-based exchange, as market is rocked by FTX collapse

The Guardian - AU

‘We’ll prove them all wrong.’ Crypto backers defend sector in the wake of FTX crash

Cryptocurrency could survive the current downturn, but even industry backers say regulators need to step in.

Fortune

Interview: Cronos Provides First Ethereum-To-Cosmos Bridge And Is Building An Interchain Web3

Cosmos (CRYPTO: ATOM) has blazed its path in blockchain by approaching the blockchain equation not with a single star blockchain but with its stated "internet of blockchains," with

Benzinga

From Tiger King Coin To Trump Coin: Top 5 Meme Coins That Went Crazy Volatile

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are some of the popular meme coins that have gained the support of tech evangelists and celebrities like Tesla CEO Elo

Benzinga

Cryptocurrency News & Price Wrap-Up For Sept. 2, 2022

It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news…

Investors Business Daily

Crypto Platform Pulls Champions League Sponsorship: Could The Trend Continue?

As cryptocurrencies rocketed higher in 2021, one trend was crypto platforms and companies that operated in the sector seeing high revenue and growth. This inflow of money led to some massive sponsorships across professional sports.

Benzinga

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Bangkok Post

Crypto platform mistakenly transfers $7m to woman

Crypto.com, the digital currency app that was fronted by Matt Damon in a Super Bowl TV advertisement, is seeking the return of about A$10.5 million (US$7.2 million) it accidentally transferred to a woman in Melbourne.

Benzinga

Earn CUDOS on Cosmos' leading decentralised exchange – Osmosis Frontier

The UK-based distributed cloud network Cudos has announced that its token is now listed on the largest decentralised exchange (DEX) in the Cosmos ecosystem – Osmosis Frontier. This listing makes the CUDOS token even more accessible to users in the Web3 space.

The Guardian - AU

Cryptocurrency company accidentally transfers $10.5m to Australian woman and doesn’t notice for seven months

Thevamanogari Manivel used money to buy Melbourne property before supreme court granted Crypto.com freeze on her bank account

Benzinga

$10 Million Oops! Fortune Didn't Favor the Brave, But A Crypto.com Blunder Favored This Woman

Thevamanogari Manivel, a Melbourne, Australia-based user of Singapore-based cryptocurrency exchange Crypto.com, requested a refund from the company in the sum of $100 in May 2021, when Bitcoin (CRYPTO: BTC) ebbed and flowed between $32,700 and $59,000.

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Input

Crypto.com accidentally sent a woman $7.2 million instead of $68

We can't say for sure, but that's probably bigger than Matt Damon's Crypto.com payday.

USA Today Sports Media Group

Crypto.com Arena will go through huge renovation project

Crypto.com Arena, the Lakers' home arena, will have a boatload of money invested in it to add new features and modernize it.

The Conversation

Crypto platforms say they're exchanges, but they're more like banks

There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that wallet’s digital “keys.”

Tribune News Service

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.

Roll Call

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.

Businessweek

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.

The Independent UK

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.

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