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Cryptocurrencies/Coins/Cronos (CRO)
Cronos price, market cap on Coin360 heatmap

Cronos(CRO)

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$0.064453
(-1.39%)
0.00000380 BTC
Market Cap (Rank#30)
$1,628,279,896
96,044 BTC
Vol 24h
$5,929,298
349.738 BTC
Circulating Supply
25,263,013,692
Max Supply
30,263,013,692
2h agocryptodaily
CFTC Chair Flips On Ethereum
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance on Ethereum being a commodity. “Only BTC Is Commodity” During an exclusive crypto event, CFTC Chair Rostin Behnam reportedly stated that only one crypto in the market could be counted as a commodity, which is Bitcoin. However, this statement represents a complete reversal in stance regarding altcoins like Ethereum. The CFTC had previously stated that both Bitcoin and Ethereum were commodities and not securities, making them fall under the CFTC’s jurisdiction. However, the recent claim that only Bitcoin is a commodity leaves Ethereum out of the regulatory body's jurisdiction. FTX Crash Changed Approach Behnam made his recent comments while speaking about the regulatory landscape and the changes to be adopted in light of the FTX bankruptcy case at the invite-only crypto event hosted by Princeton University this past Wednesday. The event earlier had booked the former CEO of the bankrupt FTX exchange, Sam Bankman-Fried. However, he was replaced, and the time slot was instead filled with a panel titled “The Demise of FTX and Other Crypto Entities: Lessons Learned,” where Behnam spoke. CFTC Previously Held Different Views Behnam claims that the CFTC was working with SBF to develop the Digital Commodities Consumer Protection Act (DCCPA) before the FTX crash happened. The bill sought to expand CFTC authority to regulate markets for “digital commodities” and explicitly classify both Bitcoin and Ether as commodities. Back in September, Behnam had even testified to the Senate about the act, saying, “Many digital assets constitute commodities. As recognized by the DCCPA, the CFTC’s expertise and experience make it the right regulator for the digital asset commodity market.” This earlier viewpoint was in direct contrast with that of SEC chief Gary Gensler, who generally hinted that most cryptocurrencies are securities. CFTC Leaves ETH Hanging However, Behnam’s recent change of mind will fit in more with Gensler’s approach toward these assets. If Ethereum and other cryptos are classified as securities instead of commodities, they will fall under the jurisdiction of the SEC, which has much harsher regulatory methods than the CFTC. Behnam also called for tighter regulations, especially in the wake of the billions of dollars of losses stemming from the FTX collapse. Since CFTC is limited in its enforcement actions across the assets under its jurisdiction, he believes that it will not be the appropriate watchdog to be appointed in the case of most cryptocurrencies. Behnam believes nothing could be worse than regulators doing nothing, stating that “inaction is paralysis.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4h agocryptodaily
Coinbase Removes NFT Transfers From iOS Wallet
Coinbase has revealed that it disabled NFT transfers on the iOS wallet due to Apple’s app store policies. Apple Blocks Latest Coinbase Updates Coinbase pointed fingers at Apple, claiming that its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. As a result, iPhone users will not be able to access the Coinbase platform to trade NFTs anymore. The crypto company tweeted on Thursday that Apple has blocked its latest app release since it wanted a significant share in the transaction fees. Apple refused to unblock the app update unless the NFT trading tool was removed. The Twitter thread from Coinbase starts off with, “You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature.” Apple Demands Cut Of Gas Fees According to Coinbase, the tech giant demanded that all NFT transactions be facilitated through its in-app purchasing system, which would give them a 30% cut. Coinbase has pointed out that meeting such demands would have been impossible, primarily because the in-app system does not support crypto payments. Since any transaction on the Ethereum blockchain (used by most NFT projects) incurs a fee collected entirely in cryptocurrency, it would not be possible for Apple to collect a cut. The team tweeted, “For anyone who understands how NFTs and blockchains work, this is clearly not possible. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried.” Coinbase Appeals To Apple Coinbase launched its NFT marketplace back in May 2022. In the recent tiff with Apple, the crypto company claims to have been forced to remove the wallet function from the iPhone app. The Coinbase team has compared the situation to if Apple tried to take a cut out of every single email sent across open internet protocols. They also pointed out that iPhone users will have a harder time transferring their NFTs to other wallets. The team also appealed to Apple, asking for further conversation on the matter. However, in one of their tweets, they claimed that the tech company was prioritizing profits over consumer service. “Simply put, Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem…We hope this is an oversight on Apple’s behalf and an inflection point for further conversations with the ecosystem.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4h agocointelegraph
How smart contracts can improve efficiency in healthcare
From insurance to telehealth, smart contracts are finding use cases across the healthcare industry.
5h agocryptopotato
Cronos-Based Algorithmic Lending Protocol Rug Pulls $600K From Users
The Cronos-based lending protocol seems to be the latest rug pull in the crypto industry.
5h agocryptodaily
Are Non-Custodial Platforms the Only Means of Connecting Your Crypto with Fiat?
The top three crypto exchanges today, Binance, Coinbase, and Kraken, traded a combined $12.3 billion in cryptos during the last 24 hours at the time of writing. That is a significant volume of assets. Chances are you might be on one of these or a plethora of others that serve millions of traders and holders around the world. These exchanges play a crucial part in the crypto-fiat on and off-ramping, acting as a bridge between the two worlds. There is nothing wrong with it though. However, it is the nature of the technology behind these exchanges that is the point of the discussion. Centralized and custodial in nature, they go against the very nature of decentralized cryptocurrencies. Understandably, you would avoid using centralized platforms if you are a die-hard supporter of cryptocurrencies. It wouldn’t be difficult at all since there are several DeFi and DEX services available where you can swap, lend, borrow or stake your assets, without the need for any intermediaries. After all, that’s the whole concept of DeFi. But in a parallel, disconnected world of DeFi, you will find you have no other option but to head to a centralized service if you need to buy or sell your assets using fiat. This is a crucial service that centralized entities provide, enabling on and off ramping. Centralized wallets and exchanges also do more than that. With all the complex crypto movements, handling different tokens, switching between blockchain networks and other functionalities done by these services, many crypto users feel it easier to do use these. Yet, with all their great services, custodial services require users to hand over their assets to the platforms. Non-transparent, these services are then free to use the funds as they please without even informing the true asset owners. When the time comes, these services may not be able to return the tokens. No wonder that trust in centralized services is at an all time low. This brings us back to the original dilemma. Private wallets, though more secure and (of course), giving you full control of your assets, cannot help you liquidate your tokens. A catch-22, this forces people to keep coming back to central services, no matter how reluctant they may be. True, one can find several wallet services online today that support fiat conversions, even going as far as to offer debit cards that can be preloaded with cryptos and fiat to spend anywhere. But a little digging always reflects that these wallets are eventually custodial and therefore, centralized. But in our search, we found an exception. A private wallet that does not have any centralized features and offers the same flexibility of on and off ramping like exchanges and other conversion services. OWNR offers a non-custodial wallet to its users, while letting them buy and sell cryptos using their traditional bank cards. Like its centralized counterparts, OWNR does offer multi token storage (albeit limited to only 10 different assets at the moment) and but supports buy and sell with over 60 fiat. With its own VISA powered prepaid card, the decentralized wallet service has the same great ease of spending cryptocurrencies that industry titans like Binance do, but of course without any custodial issues. The wallet is also expanding at the institutional level, with an affiliate program and an API to allow other platforms to integrate crypto exchange services. Another aspect (something that many other competitors lack) is the regulatory compliance OWNR Wallet has. Registered across 6 jurisdictions, OWNR ensures its 400,000+ users that it complies with all KYC and AML rules. While we believe OWNR seems to have the right blend of decentralized and fiat services, it still has a long way to go. Compliance within more jurisdictions can help solidify its position. Offering increasedsupport for cryptocurrencies and fiat, is something worth considering. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16h agocointelegraph
This AI chatbot is either an exploiter's dream or their nightmare
The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities.
21h agocryptodaily
UnUniFi Protocol raises $1.5M in Seed Round to build the first Decentralized Cross-Chain NFTFi Platform with Auto DeFi Yield
New York, New York, 1st December, 2022, ChainwireUnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation. “The true utility of UnUniFi is NFTFi functionality with a proprietary valuation algorithm, combined with our interchain yield aggregator.” -Yu Kimura, Founder UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending through an internal NFT marketplace on the Cosmos ecosystem. UnUniFi protocol started development in Q4 2021, and launched its mainnet in May 2022. This strategic fundraise marks the conclusion of our seed funding round, with the support of venture capital funds and investors from around the world. UnUniFi will use the funding from this seed round for continued development and scalability in line with the Roadmap, with an immediate focus on delivering the product releases and product-market fit (PMF). We are very grateful for such great support so early in our development, and we look forward to realizing our mission “to give every NFT the opportunity to DeFi”. Why is UnUniFi Special? UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets. While other NFTFi platforms employ a peer-to-peer or liquidity-pool lending model, UnUniFi combines real demand for the NFT itself with the intrinsic demand for liquidity generation, giving NFT holders faster and more flexible access to lending. This technology is scalable for institutional users and can be implemented externally by other platforms as an NFT valuation oracle. Additionally, UnUniFi's API, client library, Bubble plugin, and frontend incentive module all combine to allow the project to become the first successful ecosystem with a truly “decentralized frontend”. Learn more: How does UnUniFi work? “Many projects have tried to build a financing ecosystem around NFTs, since NFTs have become a significant asset class. However, due to the unique nature of NFTs, low liquidity causes situations where it is hard to recover financing capital. During distressed markets, this becomes a bottleneck. UnUniFi comprises of a marketplace infrastructure with built-in price discovery functionality; this allows liquidity to be secured from the beginning. We believe UnUniFi will be able to create opportunities for the huge market of NFTFi” said Rui Zhang, Managing Partner of gumi Cryptos Capital. What Comes Next? While the completion of the seed funding round represents a huge milestone for our team, UnUniFi's immediate focus is on realizing its Q4 product releases and PMF. These objectives include: bringing to market NFTFi functionality with the ability to collateralize NFTs; the Interchain Yield Aggregator for automatic DeFi yield; enabling of Cosmos IBC (Inter-Blockchain Communication) and more. These core functionalities will help realize the foundations of a truly decentralized NFTFi platform. Through staggered updates and announcements the goal is to continue creating rapid public awareness about the status and availability of our upcoming releases. In order to expand the UnUniFi ecosystem, the team is actively seeking and negotiating with NFT projects (an NFT is not limited to art or pfp. — there are many potential applications in real estate or securities domains, etc.), dApps, and other potential partners to identify strategic partnerships. UnUniFi continues to accept inquiries from external collaborators for consideration, where applicable, and welcome other projects to contact us and join the UnUniFi ecosystem. In the meantime, we continue working on our deliverables and pushing forward in our mission to encourage the widespread adoption of NFTs as a legitimate asset class through practical and usable DeFi technologies. About UnUniFi: UnUniFi is a Layer1 blockchain protocol for providing efficient NFT lending services through an internal NFT marketplace with Auto DeFi Yield, all built on the Cosmos ecosystem. UnUniFi will be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated using real demand data, while allowing its users to generate automatic DeFi yield on borrowed assets through an interchain yield aggregator. UnUniFi aims to be a dApps platform with NFT price information at its core; the internal NFT marketplace provides valuable data for the NFT price discovery function, scalable for usage by external platforms and Cosmos IBC integration. Follow Us: Website | Twitter | Discord | GithubContactChristopher [email protected]
22h agocoindesk
Stripe Debuts Fiat-to-Crypto Payment Offering for Web3 Businesses
The widget allows customers to more easily use crypto to engage with businesses and content creators across the world.
22h agocointelegraph
NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms
Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.
23h agocointelegraph
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje.
1 day agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
1 day agocryptodaily
NFT Trading Goes Live On Uniswap
Uniswap Lab’s NFT aggregator platform went live earlier today with a $5 million USDC airdrop to Genie users. Uniswap Announces Aggregator Tool Uniswap finally launched its NFT aggregator platform, where users will be able to conduct NFT trading from across multiple marketplaces. The team announced the launch of its aggregator on Twitter, saying, “NFTs are officially live on Uniswap!! Starting today, you can trade NFTs across major marketplaces to find more listings and better prices. We're also airdropping ~$5M USDC to historical Genie users & offering gas rebates to the first 22,000 buyers.” The company had recently successfully conducted its Series B funding round for new offerings, including the NFT aggregator tool. Better Prices, More Options The aggregator tool will allow Uniswap users to trade digital collectibles across leading NFT marketplaces like OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, and NFT20. The team has claimed that users will be able to access the widest range of NFTs at the best prices as the Uniswap platform has 35% more listings than any other marketplace. In addition, the platform has claimed that gas fees will be 15% lower than other NFT aggregators thanks to its new open-sourced Universal Router contract. Furthermore, the first 22,000 users of the aggregator will also receive discounts on gas fees. The team has also stated that all the front-end code has been open-sourced, making it the first NFT platform to do so. Genie Holders To Receive Funds The decentralized crypto exchange had previously acquired the NFT marketplace aggregator Genie in June. As per the announcement, the firm will give away funds amounting to $5 million USDC to historical Genie users to welcome them into the Uniswap family. The distribution of these funds will be based on a snapshot taken on April 15 and across two tier of recipients. Wallets that completed more than one transaction before the snapshot will receive $300 worth of USDC, while the wallets that held the Genie:Genesis NFT will receive $1000 worth of USDC. Interoperability Between NFTs And ERC-20 The team also released a more in-depth statement on Twitter, addressing the intention behind building on the interoperability between NFTs and ERC-20 tokens. “NFTs and ERC-20 tokens have largely existed as two separate ecosystems within crypto, but both are essential to growing the digital economy. Launching NFTs on Uniswap is our first step in building more interoperable experiences between the two.” The statement also claimed that the aggregator was built to deliver better prices, faster indexing, safer smart contracts, and efficient execution. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
SubQuery Announces Integration with Flare Network
Dubai, UAE, 1st December, 2022, ChainwireSubQuery is excited to announce it has extended its data indexing support to Flare Network, the blockchain that aims to connect everything. The partnership was made possible after SubQuery received a grant from the Flare Ecosystem Support Programme. Flare is a blockchain which presents developers with a simple and coherent stack for decentralized interoperability, allowing dApps to serve multiple chains through a single deployment. This cross-chain approach is consistent with SubQuery’s continuous effort to become the universal blockchain indexing tool for web3 developers. Flare supports EVM-based smart contracts, and has data and interoperability infrastructure built natively into the blockchain, providing dApps with highly decentralized price feeds and secure state acquisition from other blockchains. Flare is also building the capability to create decentralized, multilateral and insured bridges between different blockchain networks to achieve trustless interoperability. Hugo Philion, Flare Co-founder & CEO, said, “We admire SubQuery's decentralized data indexing solutions and are excited for them to launch on Flare mainnet. This will complete another important piece of Flare's developer engagement strategy." SubQuery provides decentralised data indexing infrastructure to developers building applications on multiple layer-1 blockchains including the Cosmos ecosystem, Polkadot, Algorand and Avalanche. As an open data indexer that is flexible and fast, it helps developers build APIs in hours and quickly index chains with the assistance of dictionaries (pre-computed indices). Engineered for multi-chain applications, SubQuery allows developers to organize, store, and query on-chain data for their protocols and applications. SubQuery eliminates the need for custom data processing servers, helping developers focus on product development and user experience. “We’re proud to be supporting teams building on Flare Network with our fast, flexible and universal indexing solution. We are excited to deliver another integration that enables Flare developers to index their data faster and easier, and build complex dApps with the help of SubQuery.” — Marta Adamczyk, Technology Evangelist at SubQuery Flare Network developers will benefit from the full SubQuery experience, including the open-source SDK, tools, documentation, developer support, and other benefits developers receive from the SubQuery ecosystem. Additionally, Flare Network is accommodated by SubQuery’s managed service, which provides enterprise-level infrastructure hosting and handles over 400 million requests each day. SubQuery is now focused on launching the Kepler canary network before decentralising and tokenizing the protocol to build the SubQuery Network. If you would like to join SubQuery as a Flare launch partner, please reach out to [email protected] Getting Started The best way is to start with our starter project which contains a running project with an example of all mapping functions. You'll need to install a recent version of @subql/cli via npm i -g @subql/[email protected] If you don't want to see a kitchen sink example, you can follow a step by step guide on how to create a real world example. Follow our quick start tutorial to see how to index all Flare FTSO Rewards on the Songbird network in less than 15 minutes. With SubQuery's Flare integration, we can index the following: BlockHandler: All blocks and their hash and height TransactionHandler: All transactions and their hash, height, and timestamp LogHander: Logs and other on chain messages as a result of transactions made SubQuery's Flare implementation has been designed to operate almost identically to SubQuery's Avalanche, Polkadot, Cosmos, and Algorand support, and in a similar way to the Graph's approach. We've updated the SubQuery Documentation to add Flare specific information. You can begin by following this excellent getting started guide here. Key Resources Developer documentation (SubQuery Academy) Starter project (Github) Example project that indexes FTSO rewards Discord community (including technical support) About Flare Network Flare is a blockchain built to connect everything. It presents developers with a simple and coherent stack for decentralized interoperability, allowing developers to serve multiple communities and ecosystems simultaneously through a single deployment. Flare’s protocols now provide: Scalable EVM-based smart contracts. Highly decentralized price feeds. Secure state acquisition from other blockchains. Flare and ecosystem partners are also building: Insured smart contract token bridging. Non-smart contract token bridging. Secured data relay. Horizontal scaling through a fully interoperable multi-chain ecosystem. Website | Twitter | Discord About SubQuery SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. Currently servicing Polkadot, Avalanche, Algorand, and Cosmos projects, this data-as-a-service allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner. ​​Linktree | Website | Discord | Telegram | Twitter | Matrix | LinkedIn | YouTube ContactDan [email protected]
1 day agocryptodaily
SuperOne Partners With Media Giant, Footballco and FIFPRO
SuperOne joins forces with FIFPRO and Footballco in a ‘Trinity of Football’ collaboration. Growing a global brand with Footballco SuperOne Gains Licensing For Its Trivia Game SuperOne, a firm building next-gen fandom metaverse for sports and entertainment, announced an innovative partnership with Footballco, the leading media company in world football, and FIFPRO, the top footballers union body with over 65,000 professional footballers this week. The partnership will see two of the top footballing organizations promote and spread awareness of SuperOne as well as license the game content, empowering value-creation across the football universe in the digital space. The digital gaming company was established in 2019 with the goal to give fans across sports and entertainment a gamified community where they can connect and share their experiences. According to Andreas Christensen, Techowner and Founder of SuperOne, the latest partnership with FIFPRO and Footballco moves his company closer to this goal. "Footballco and FIFPRO represent the two most prominent avenues to achieve mass adoption in the football gaming industry,” he explains. “This trinity of football collaboration will disrupt the gaming industry, and we are humble, yet proud, of this achievement.” As sports fanaticism grows, the need to connect in communities, engaging in similar interests and a ‘need to find new methods to prove fanaticism’ should grow alongside it, Christensen added. To this end, SuperOne has created a unique trivia battle game aimed at football fans, addressing these problems that fans face. The first to be released is a Battle Royale game, where players fight each other to avoid elimination, be the last fan standing, and ultimately, win prizes. Growing a global brand with Footballco SuperOne is expected to benefit on global scale reach from the partnership with SuperOne, one of the largest football and media businesses owning brands such as Goal, Kooora and Mundial - and with over 640 million fans across various social, web, and social platforms, generating over 1 billion monthly views. "We are delighted to work with SuperOne to help launch their exciting offering to football fans worldwide. We share a common goal of providing football fans with memorable and rewarding digital experiences," says Footballco's VP of Global Football Partnership, Andy Jackson. As part of the launch campaign, SuperOne becomes the exclusive presenting partner of the GOAL50 - the world's biggest fan-voted player awards with an integrated content and media campaign in eight languages. SuperOne Gains Licensing For Its Trivia Game Finally, the partnership with FIFPRO, a union with over 65,000 professional footballers and national unions, SuperOne will see the Battle Trivia game acquire rights to the most comprehensive package of name, image and likeness of active football players for use, on a collective basis, in the digital entertainment sector. "We're pleased to welcome SuperOne to the FIFPRO family in an innovative partnership that champions the rights of professional players worldwide,” concluded FIFPRO’s Commercial Director, Andrew Orsatti. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocryptopotato
Orbeon Protocol (ORBN) Price Increases Again With the Latest Presale Stage
[PRESS RELEASE – Please Read Disclaimer] The Orbeon Protocol investment platform is a new kind of crowdfunding based on buying NFTs representing equity investments. Orbeon Protocol is now in phase 2 of its presale. In phase 1, its price went up by 260%. With projected returns of 60x, analysts think ORBN will have a bright […]
1 day agocryptodaily
Kraken Cuts 30% of Its Workforce to Survive Crypto Winter
The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30%, or 1,100 members of its staff. The announcement was made on Wednesday by Kraken co-founder Jesse Powell. Powell cited “macroeconomic and geopolitical factors have weighed on financial markets,” and added that the company’s downsizing move is a correction of growth from the year prior when crypto prices reached all-time highs and the prospects for the industry appeared much brighter than the state they are in today. Rough day at @krakenfx. Headcount rolled back 12 mos. Macro was already tough and we held out but recent industry woes diminished near-term optimism about a crypto rebound. Better positioned now. Glad we were able to take good care of our former colleagues. Been a privilege.
2 days agocryptodaily
Why is it just about crypto? - Credit Suisse first bank to fall?
Crypto is a tiny asset class of around $850 billion. Failures here will not impact the financial system. Collapsing banks will. Mainstream media would have you believe that the only malaise in world finance is crypto. World financial leaders such as Janet Yellen, Secretary of the US Treasury, and Christine Lagarde, President of the European Central Bank, have spoken of crypto failures possibly affecting the financial system at some future point. However, neither of them, or indeed no other leaders of banks or other financial institutions make anywhere near as much reference to failing banks. Depositor insurance might not be enough Of course, it might be mentioned that even if a bank did go down, there is always insurance for the depositors, such as the FDIC in the US, or the FCA in the UK. Be that as it may, if just one bank went down, the contagion would very probably spread to others, just like in the case of centralised crypto exchanges. In such a situation the deposit insurance would very likely not be able to cover the depositor’s losses to the extent at which they are currently guaranteed. Bail-ins Then there is also the possibility (allowed for by law) that the banks could choose to bail in those who hold deposit accounts, thereby obliging their customers to shoulder and partake in the banks losses. This situation already occurred in Cyprus back in 2013. In a Forbes report on the event, the process of bailing in was explained, and the outcome was declared as: “Financial institutions (e.g. German banks, and central banks including the Bundesbank) get full repayment, along with government entities, while everyone else gets to eat sand.” Investors doubt Credit Suisse can repay debts Credit Suisse could be that first bank domino to fall. The bank warned on November 23 that it would post a heavy loss for the fourth quarter. This was following on from Federal Reserve banks extending $6.3 billion to the Swiss bank through a dollar liquidity swap line in October. A further $3.1 billion was already swapped previous to this. In spite of this, investors are still not convinced of Credit Suisse’s long-term solvency, and its short-term liquidity crisis is certainly not helping. Repeated scandals It remains to be seen just how bad the fraud and mismanagement of funds will turn out to be in the case of the crypto exchange FTX. However, with Credit Suisse, the repeated scandals that have dogged the bank for many years do mostly appear to be in the public domain. A report by the UK-based Guardian details many of these scandals that take in a wide gamut of the most serious crimes. “A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.” Financial reports do not highlight banking failures So when the world’s leading financial organisations publish reports that focus on the maladies of the crypto sector it has to be wondered why they don’t also wish to highlight what is going on in the banking sector? It might be argued that it just isn’t in their interest to do so. Financial organisations such as the IMF, the World Bank, FATF, and the BIS among others, are all deeply embedded in the traditional financial system and therefore why would they wish to shine a spotlight on any of its failures? The awful truth When crypto companies go down they cause losses for those who have invested in them. If banks are in danger of going down, the central banks just print money to bail them out, all to be taken care of by the taxpayers. There is a very opaque curtain across the entire banking system. Since gold was completely removed from the backing of the fiat currency system in 1971, the dollar has lost most of its purchasing power. In fact, in 2020 alone, 20% of the entire supply of dollars in all history were printed, amounting to $3.4 trillion. With central bank digital currencies (CBDCs) about to be rolled out across the planet, with their utility enabling the central banks to completely strip away individual privacy and freedoms, crypto is the most welcome scapegoat to take the public eye off what is happening. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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About Cronos

The live price of Cronos (CRO) today is 0.064453 USD, and with the current circulating supply of Cronos at 25,263,013,692 CRO, its market capitalization stands at 1,628,279,896 USD. In the last 24 hours CRO price has moved -0.000192 USD or -0.00% while 7,438,884 USD worth of CRO has been traded on various exchanges. The current valuation of CRO puts it at #30 in cryptocurrency rankings based on market capitalization.

Learn more about the Cronos blockchain network and how it works or follow the price of its native cryptocurrency CRO and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in November 2021 by Singapore-based Crypto.com, Cronos is one of the two important blockchains in the Crypto.com ecosystem (the other one being the Crypto.org chain). It is an open-source, decentralized EVM-compatible blockchain created atop the Cosmos network, using the Cosmos SDK.

Cronos blockchain was created keeping the Web 3.0 creator economy in mind. Offering support for GameFi and DeFi decentralized applications, as well as non-fungible tokens (NFTs), it is intended to serve as the foundational infrastructure for metaverses. Owing to its EVM-compatibility and use of Cosmos’ Inter-Blockchain Communication (IBC) protocol, Cronos allows for easy porting of DApps, crypto assets and smart contracts from Ethereum, other EVM-compatible and IBC-enabled blockchains. 

CRO price

CRO coin went live in Nov-Dec 2018, much before the Cronos chain launch in late 2021. However, CRO price stayed mostly under $1 per token before the Cronos chain went live. Boosted by the market-wide bullish trend as well as the Cronos launch, CRO price closed in on $1 for the first time in November 2021. It registered a noteworthy upward rally that month and reached its all-time high of $0.96 on Nov. 24, 2021. At its ATH, CRO’s fully diluted valuation stood at a little over $30 billion.

While CRO price retraced to $0.33 by late January 2022, amidst broader crypto market sell-offs, it reclaimed some lost ground in the month to follow, and breached the $0.5 resistance in February 2022. As per our CRO live price chart, after sustained downward pressure in the following months, the price of CRO coin couldn’t hold support at $0.3, and receded under $0.2 in May 2022.

How CRO works

Built atop the Cosmos network, Cronos is an Ethereum Virtual Machine (EVM) compatible blockchain that runs parallel to the Crypto.com ecosystem’s other blockchain - Crypto.org. The utility token of both Cronos and Crypto.org chains, however, is CRO, a token built using the native CRC-20 or Ethereum’s ERC-20 standard. CRO is responsible for powering the overall Crypto.com ecosystem and holds utility across multiple use cases, including in the company’s trading, financial and payment services.

Cronos is powered by Etheremint, which facilitates easy DApp portability from Ethereum as well as other EVM-compatible blockchains. Being an EVM blockchain built using the Cosmos SDK, Cronos is one of the few blockchains that benefits from both Ethereum and Cosmos ecosystems.

Cronos secures its network through a Proof-of-Authority (PoA) consensus mechanism that depends on reputed and well-known validators for block production. As computational power stays concentrated this way, it leads to much faster transactions, further boosted by Tendermint’s Byzantine Fault Tolerance (BFT) algorithm. Validators in such a consensus system are bound to preserve their nodal integrity, as their reputation and identity is at stake.

CRO news, updates and highlights

In a major CRO news development, Crypto.com ceased to offer support for its earlier MCO token in November 2020. The company merged MCO coin's functions with the technology and utility of CRO, making the latter the only token of the Crypto.com ecosystem. The main intent behind this was to simplify the workings of various Crypto.com offerings. As a result, MCO holders were asked to swap MCO tokens for CRO at a 1:27 ratio.

More recently in Jan 2022, the Cronos team highlighted the CRO journey so far and discussed the roadmap for 2022. According to the Cronos Community Roadmap for the year 2022, the Cronos team aspires to propel the blockchain to the list of Top 5 blockchains by total value locked (TVL). It aims to accomplish this by providing better interoperability, enhanced infrastructure for developers and expansion of the platform’s NFT, GameFi, Metaverse and DeFi ecosystems. A $100 million fund has already been set aside to boost projects being developed on the Cronos blockchain.

Additionally, in February 2022, ‘Crypto.org Coin’, the utility token of Crypto.org and Cronos blockchains was rebranded as Cronos, reflecting the coin’s decentralization and tremendous growth witnessed in the Cronos ecosystem.

Frequently asked questions about CRO

  • Is it possible to mine or stake CRO?

While you cannot mine CRO tokens, it’s possible to stake your CRO holdings for staking rewards. Here are more details on how to stake CRO on Crypto.com exchange and Crypto.com app.

  • What are some of the best CRO wallets?

Crypto.com recommends storing your CRO tokens in its native DeFi wallet. That said, you can use third-party wallets like MetaMask, Ledger, Coinomi and Trezor too.

  • What can you do with CRO?

You can use CRO tokens to pay for various services offered across the Crypto.com ecosystem, including in Crypto.com Pay, Crypto.com App, Crypto.com Exchange and Crypto.com Earn.

  • How to buy CRO?

Buying CRO tokens is easy. You may either purchase them through the Crypto.com exchange/app, or from other reputed crypto exchange platforms. You’ll often find CRO paired with Bitcoin and top altcoins like ETH, XRP, SOL, ADA and more.

Cronos Price0.064453 USD
Market Rank#30
Market Cap1,628,279,896 USD
24h Volume5,929,298 USD
Circulating Supply25,263,013,692 CRO
Max Supply30,263,013,692 CRO
Yesterday's Market Cap1,649,837,200 USD
Yesterday's Open / Close0.065498 USD / 0.065306 USD
Yesterday's High / Low0.065705 USD / 0.064778 USD
Yesterday's Change
0.00% ( 0.000192 USD )
Yesterday's Volume7,438,884 USD
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