Kris Marszalek News

14.11 / 11:51

cryptocurrency Crypto.com Executive NOT Balance Sheet Strong, Exchange Not In Trouble: Crypto.com Chief Executive

An audited proof of reserves report will be published within weeks, the CEO said.

14.11 / 10:53

YouTube Crypto Exchange Withdrawals Crypto.com's CEO To Answer Questions On Youtube After Transaction Errors Lead To Fund Withdrawals

Kris Marszalek said the exchange had mistakenly sent 320,000 ether to Gate.io.

14.11 / 10:53

Blockchain Twitter CEO Customers Crypto.com customers pull funds after CEO admits company mishandled $400m transaction

Customers pulled funds from Crypto.com over the weekend after the company’s chief executive said the cryptocurrency exchange mishandled a roughly $400m transaction.

13.11 / 18:11

Binance Crypto.com Crypto.com Sends $400 Million Worth of Ethereum to Wrong Address, Binance CEO Warns Users to Stay Away

Cryptocurrency exchange Crypto.com mistakenly sent 320,000 ETH to a wallet address linked to Gate.io in late October. While the platform has since recovered the assets, Binance CEO Changpeng Zhao advised users that it is best they stay away from the platform.

13.11 / 10:19

business regulation transactions community Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds

To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. However, certain anomalies found during on-chain investigations suggest foul play and market manipulation.

13.11 / 08:09

business Ethereum transactions Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after

The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying to confirm the availability of funds on Crypto.com, cold store information revealed a suspicious transfer of 320,000 Ether (ETH) to a wallet address linked to Gate.io on Oct. 21, 2022.

11.11 / 23:15

Provident Twitter Binance CEO reserves Binance Provides Proof of Reserves in Response to FTX Collapse – This is How Much Money They Have

The major crypto exchange Binance has revealed details about its reserves as nervousness started to spread in the crypto community following the collapse of rival exchange FTX.

10.11 / 13:29

Binance FTX Crypto.com Suspends Withdrawals Crypto.com Exchange Suspends Withdrawals on Solana blockchain as Crypto Prices Crash – Another Exchange in Trouble?

Major cryptocurrency exchange Crypto.com has suspended deposits and withdrawals of two major stablecoins, USDT and USDT, on the Solana blockchain.

10.11 / 07:43

defi FTX Bitcoin Withdrawals reserves Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals

Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish "audited proof of reserves," amid the downfall of rival exchange FTX.

28.09 / 16:41

Adoption regulation regulatory approval regulatory Crypto.com scores fresh regulatory approval in France

Singapore-based digital asset platform Crypto.com scored a major regulatory approval in France. The digital asset platform was approved to register as a Digital Asset Service Provider (DASP) by the stock market regulator Autorité des marchés financiers (AMF). The approval was granted after the platform received clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in the country.

28.09 / 13:57

Provident CEO Platform regulatory approval regulatory Crypto.com receives regulatory approval in France

The cryptocurrency platform reports that it went through rigorous review, particularly around the topics of anti-money laundering and combatting terrorism financing, before receiving regulatory approval.

22.08 / 22:05

business Sport Crypto.com Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts

Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center.

19.08 / 12:03

CoinGecko regulatory approval regulatory Crypto.com gets UK regulatory approval

Joining the Financial Conduct Authority's (FCA) register means that Crypto.com has approval to offer crypto asset services and products to customers in the United Kingdom in compliance with anti-money laundering and «terrorist» financing rules. The United Kingdom is a «strategically important market for us», said Crypto.com CEO Kris Marszalek, citing an increase in crypto adoption in the country and the government's agenda to make Britain a hub for crypto assets. As authorities around the world are grappling with how to regulate the crypto sector, firms are racing to register with financial watchdogs.

17.08 / 12:47

cryptocurrency CEO Platform Crypto.com regulatory approval regulatory Crypto.com Gets UK Regulatory Approval

Authorities around the world are grappling with how to regulate the crypto sector.

22.07 / 14:03

business Adoption regulation regulatory approval regulatory Crypto.com scores regulatory approval from Cyprus SEC

Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus.

22.07 / 13:05

CEO Platform coinbase Gemini Top crypto Top Crypto Firms That Laid Off Staff Recently

The crypto industry has witnessed a massive downturn, losing about $2 trillion in value since hitting a peak in November.

05.07 / 14:41

Twitter CEO Exchange Crypto.com Crypto.com CEO Rushes to Calm the Market as Rumors Flourish

The CEO of the crypto trading and payments platform Crypto.com (CRO), Kris Marszalek, took to Twitter today to calm down his platform's users.

22.06 / 13:31

Adoption regulation Asia Crypto.com scores approval from Singapore finance regulators

Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will let the platform provide a range of payment services in the country.

15.06 / 20:03

business coinbase Gemini FINRA FINRA may hire employees terminated from crypto firms: Report

The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up employees recently terminated from crypto companies.

14.06 / 08:01

cryptocurrency Jobs layoffs Bitcoin Amid market rout, Crypto.com, BlockFi lay off staff

With the cryptocurrency markets falling nearly 200 percent from their all-time highs last November, major companies, including Crypto.com and BlockFi, have announced layoffs from their workforce.

14.05 / 13:59

business Blockchain Adoption Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application allowed users to get away with a 30-40x profit on LUNA trades momentarily.

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