News Explorer — Crypto.com-Backed Cronos Network Wants to Bring Back $5 Billion in Burned Tokens

Generated by AI, curated by humans

Mar 3, 12:23 pm

Coindesk

Crypto.com-Backed Cronos Network Wants to Bring Back $5 Billion in Burned Tokens

Cronos, the blockchain ecosystem linked to Crypto.com, is considering reintroducing 70 billion CRO tokens it burned in 2021, causing confusion among community members. The proposal aims to increase the token supply to 100 billion over 10 years for various strategic initiatives, despite facing criticism from the community.

Cronos, the blockchain ecosystem linked to Crypto.com, is considering reintroducing 70 billion CRO tokens it burned in 2021, causing confusion among community members. The proposal aims to increase the token supply to 100 billion over 10 years for various strategic initiatives, despite facing criticism from the community.

Latest

Jul 17, 1:46 pm

Decrypt

UK Trio Sentenced for Posing As Police Officers in $5.3M Crypto Fraud Scheme

Three men in the UK were sentenced for a £4 million cryptocurrency fraud, posing as police officers to scam victims. The... Read Summary

Jul 17, 10:12 am

Decrypt

Citadel Securities Invests $400M in Crypto.com at $20B Valuation

Citadel Securities has made a $400 million investment in Crypto.com at a $20 billion valuation, marking the exchange's f... Read Summary

Jul 16, 1:49 pm

Coindesk

Ledger Agent Stack Lets AI Agents Interact With Crypto Wallets

Ledger has introduced Ledger Agent Stack, an open-source toolkit enabling AI agents to interact with crypto wallets secu... Read Summary

Jul 16, 10:54 am

Decrypt

One Arrested Over Video Game Malware That Stole $200K in Crypto

A Florida man, Zyaire Dontaevious Zamarion Wilkins, was arrested for his alleged involvement in a scheme that infected t... Read Summary

Jul 16, 10:12 am

Coindesk

Tether Invests $20M in Argentine Neobank Ualá

Tether invested $20 million in Argentine neobank Ualá, part of a $197 million funding round. Ualá offers financial servi... Read Summary

Jul 16, 8:34 am

Decrypt

SBF Faces Unanimous Senate Resolution to Deny Clemency Over FTX Collapse

The U.S. Senate unanimously passed a resolution stating that Sam Bankman-Fried should not receive clemency over the coll... Read Summary

Jul 15, 2:37 pm

Coindesk

White House to Meet With Senators to Hash Out Ethics Clause in Clarity Act

White House officials are expected to meet with U.S. senators to address the legislation's restriction on senior governm... Read Summary

Jul 15, 12:05 pm

Coindesk

Japan Reclassifies Crypto As a Financial Asset

Japan has reclassified cryptocurrencies as financial instruments, paving the way for separate taxation and potential cry... Read Summary

Jul 15, 11:12 am

Decrypt

EthSystems Spins Out From Ethereum Foundation to Offer Privacy Solutions

EthSystems, a new for-profit company, has emerged from the Ethereum Foundation's Institutional Privacy Task Force to dev... Read Summary

Jul 15, 9:08 am

Decrypt

US and UK Collaborate on Aligning Regulations for Stablecoins and Tokenized Assets

A joint roadmap for aligning regulations on stablecoins, tokenized assets, and digital money has been laid out by the U.... Read Summary

Jul 14, 1:09 pm

www.gov.uk

New UK Tax Treatment for Crypto Loans, Liquidity Pools Defers Capital Gains Tax Until Disposal

The UK's HMRC has unveiled a new tax treatment for Individuals and trustees involved in cryptoasset loans and liquidity... Read Summary

Jul 14, 12:10 pm

Coindesk

ECB Picks 36 Firms for Digital Euro Pilot

The European Central Bank (ECB) has chosen 36 banks and payment firms to participate in a digital euro pilot program, se... Read Summary

Jul 14, 11:08 am

Decrypt

US Government Sends $288M in Bitcoin, Ethereum to Coinbase Prime

The U.S. government transferred $288 million in seized Bitcoin and Ethereum to Coinbase Prime, sparking speculation abou... Read Summary

Jul 13, 6:57 pm

Decrypt

Bolivia Evaluating USDT as a Payment Method, Says Economic Minister: Report

Bolivia is considering including Tether's USDT stablecoin as a payment method as its economy stabilizes. The country, on the FATF grey list, is carefully evaluating crypto assets for regulation. Read Summary

Jul 13, 4:59 pm

Decrypt

What's Behind Robinhood Chain's Initial Success? Meme Coins, Not Tokenized Stocks

Robinhood Chain, launched two weeks ago, initially saw meme coins dominating trading volumes despite offering tokenized... Read Summary