Trump Media and Crypto.com Deal Sends Cronos Sky-High: These 3 Altcoins Could...
In a surprising move, Trump Media and Technology Group Inc. and Crypto.com announced a landmark partnership. The new joint venture will be the ‘first and largest publicly traded CRO treasury company,’ with a value of at least $6.42B. The new company will trade under the ticker MCGA, which stands for ‘Make CRO Great Again.’ As part of the deal, Trump Media will purchase approximately $105M worth of Cronos ($CRO), the native token of the Cronos Chain. In turn, Crypto.com will buy $50M of Trump Media stock. The new company plans to acquire 6.3B tokens right away, which is a huge 19% of the....
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The Trump Media & Technology Group (TMTG) announced on Tuesday that it has partnered with the digital asset platform Crypto.com and the special-purpose acquisition company Yorkville to create the first Cronos (CRO) treasury. New CRO Treasury Project The announcement details a definitive agreement between these entities to form Trump Media Group CRO Strategy, Inc., a dedicated digital asset treasury company aimed at acquiring Crypto.com’s native token. The funding structure for this project comprises $1 billion in CRO tokens—representing approximately 19% of the total market capitalization....
Crypto.com is facing serious accusations from renowned blockchain investigator ZachXBT, who alleges that the exchange reissued 70 billion CRO tokens previously declared “permanently burned” in 2021—a move he calls a betrayal of trust and “borderline fraud.” The controversy erupted after Trump Media announced a partnership with Crypto.com to launch ETFs on March 24. Crypto.com will […]
Launched in late 2021, the Cronos network has amassed over 450,000 DeFi and NFT users, requiring proper compliance tools. Cronos has partnered with the blockchain intelligence firm Chainalysis to enable real-time transaction monitoring tools for the Cronos (CRO) token and all CRC-20 tokens running on the Cronos network, according to an announcement shared with Cointelegraph on Wednesday.The new compliance integration aims to enable institutions, cryptocurrency exchanges and digital asset funds to track transactions of CRC-20 tokens, allowing users to trace large volumes of activity and....
The protocol launched testnet in July 2021, and has since facilitated 1.5 million transactions. Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.The release will enable developers to port decentralized applications (dApps), and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low-cost and fast speed due to its Inter-Blockchain Communications (IBC) protocol integration. This will offer accessibility to Crypto.com's 10 million-strong customer....
Crypto.com token Cronos (CRO) price is consolidating above what may be its last remaining support. CRO is nursing a 45% monthly drop, putting it near the bottom of a declining parallel channel that has served as support for much of the year. After the catastrophe at the cryptocurrency exchange FTX, the focus has now shifted […]