The withdrawal queue is down 98% within the last 24 hours.
It remains business as usual at .
Kudos to our team who built resilient blockchain infrastructure — operating normally under load.
Onwards!
The ETH transfers that generated so much FUD & speculation on Twitter today were made over three weeks ago, on October 21st to ’s whitelisted corporate account at .
As promised, our audited Proof of Reserves.
Mazars Group, a reputable audit firm, confirmed that our on-chain reserves exceed customer liabilities for all in-scope assets and that we have full control over the wallets.
Users can now verify 1:1 backing cryptographically.
releases Proof of Reserves audited results.
Mazars Group compared the assets held in on-chain addresses proven to be controlled by with customer balances through an auditor-overseen live query of a production database as of Dec 7.
1) More FUD targeting is coming, this time about a business failure I had very early in my career. I have nothing to hide, and am proud of my battle scars, so here’s the unfiltered story 🧵
While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.
This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b
We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves and will be publishing our audited proof of reserves.
The community has been really vocal with regards to the changes to the card program announced yesterday. We care deeply about the community, we hear you & always listen to you.
As a result, we're revising card staking rates. 🧵
As expected, following this week’s action on the regulatory front, we saw some delistings causing market selloff.
I guess we are in the “then they fight you” stage on the crypto adoption curve.
Make no mistake: crypto industry will go through this and emerge stronger than…
A sad day for the industry.
This once again confirms that building with compliance and security as our foundational pillars is the right long term call.
A lot has happened in the last week and there are a lot of questions which we want to address.
Please join our CEO,
@Kris
for a live AMA today at 3pm SGT / 7am UTC.
Set your notification on YouTube
Submit your questions here 👇
Today serves as a good reminder that markets won’t be down forever.
Those who kept on building and HODLing, even when it was hard, are those who inevitably will be rewarded.
It’s a really rough day for crypto.
The biggest difference between 2018 and what is happening today?
Nobody is questioning crypto’s survival. The industry will come back stronger. It always does.
Stay safe through the storm 🙌
We’ve got some big news! 🗞️
@cronos_chain
, a chain supported by
@cryptocom
, is now available in Ledger Live!
That means you can manage your $CRO via the Cronos blockchain with Ledger.
More info here:
As mentioned in my CNBC interview yesterday, is sitting on plenty of our own capital held in USD and stablecoins above the 1:1 reserves we keep for client funds.
Within 24h,
@cryptocom
has minted a total of 260M of $USDC from
@circle
.
This has increased their stablecoin reserve to $500M as per
@cryptoquant_com
despite the recent large outflow.
Seems like the worst is over?
Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict.
has made a $1M donation to the Red Cross. We urge our community to do what they can to support humanitarian efforts.
Thanks for having me
@andrewrsorkin
— looking forward to more conversations on what
@cryptocom
is doing to increase transparency, compliance and security across the industry
"We are open source contributor to Cronos. We've never utilized it in a way like FTX did. We have a very simple business, and we are regulated," says
@cryptocom
CEO
@kris
.
is actively engaging regulators around the world to help guide the industry through these tough times and assure effective regulation is put in place.
In Canada🇨🇦, we are the only global platform that signed an undertaking with the OSC.
Spent a few days in Canada meeting with Members of Parliament, Department of Finance, and Bank of Canada about digital asset platforms and regulations. 🇨🇦
@cryptocom
is the only major platform to sign an Undertaking with the OSC as we wait for approval to be a restricted dealer
Olá 🇧🇷
We're thrilled to announce our latest milestone in strengthening regulatory compliance, this time in Brazil
has received a Payment Institution License from the Central Bank of Brazil
Details about the license:
Bone ShibaSwap is listed in the App 🔔
Buy $BONE at true cost with USD, EUR, GBP, and 20+ fiat currencies.
Download the App to start trading
#BONE
now!
👉
For more details -
@Shibtoken
Merry Christmas to team
@CoinMarketCap
who a week after my response to their poorly worded tweet arbitrarily reduced our exchange ranking to 14th 😁
We are 2nd/3rd on
@coingecko
so you guys know where to look for real and market neutral data 🤣
We've collaborated with
@Samsung
to empower
#Web3
communities with the best smartphone experience in the market.
Advanced app features on Galaxy Z Fold devices will enable increased productivity and enhanced trading & analysis capabilities.
Learn more:
In a few years, when every person in the world holds crypto, we’ll all look back at this historic moment knowing this was the day cryptocurrency crossed the chasm and went mainstream.
We're extremely proud to announce that Staples Center, Los Angeles' most iconic arena is getting a new name:
Arena
As part of this 20 year partnership, we're also excited to welcome the
@Lakers
&
@LAKings
as our newest partners!
The long awaited
#Bitcoin
#ETF
approval in the US is the latest evidence that
#crypto
is here to stay and built for all, and also importantly, that the US market is a long term crypto market.
#FFTB
Lots of volatility and an incessant barrage of traffic — about 10x vs last week. The platform performed reliably with 100% uptime. Proud of our team, who spent two years of the bear market optimizing every single db query and API call.
Onwards!
@ledgerstatus
@jconorgrogan
It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. We worked with Gate team and the funds were subsequently returned to our cold storage. New process and features were implemented to prevent this from reoccurring.
In 2021, tens of billions of dollars in capital went into crypto.
Every day the smartest engineers leave Google, FB, etc to build products in crypto.
The entire industry is on a breakout trajectory.
Smart money knows this and is just waiting for an opportunity to accumulate.
Honoured to have been granted the Major Payment Institution License by the Monetary Authority of
#Singapore
🇸🇬
continues building on solid foundation of regulatory compliance, security and privacy.
We're excited to share our latest regulatory achievement in one of the world's leading crypto hubs,
#Singapore
🇸🇬
has been granted the Major Payment Institution Licence by The Monetary Authority of Singapore
@MAS_sg
Learn more:
✅ Ruby Steel cashback is increasing from .5% to 1%
✅ Jade & Indigo cashback is increasing from 1.5% to 2%
✅ Current card rewards will be locked-in for six months if you re-stake before June 1, 2022
✅ We will waive the card upgrade fee ($50) until further notice
is actively looking to acquire companies that would strengthen our position for the next cycle.
If you are a founder of a company that would be a great strategic fit, please DM me.
#CROfam
— please feel free to throw ideas to add to our shopping list…
Epic Day 1 at
@cronos_chain
✅ Mainnet Launch
✅ App integrated
✅ Exchange integrated
✅ DeFi Wallet integrated
✅ Cronos Bridge live
✅ First CRC20 assets created
✅
#CRO
ATH
Huge thank you to the entire
#CRO
community
🚀🔴
Incredibly proud to secure EMI authorisation from UK’s FCA.
UK🇬🇧 is one of the most important markets for the crypto industry and we are proud to provide stable, robust and trusted solutions to all UK users.
We are proud to announce that has been authorised as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA), building on our position in the UK market.
Full details:
We've been engaging with the community all week about card rewards, and we're making a few more updates based on your feedback.
The process has been far from ideal, but it's important to take your feedback into account, and deliver an attractive yet balanced offering.
As part of our usual custody operations to ensure continued safety and security, we will be rebalancing several assets across new addresses. This will have no impact for our customers and we have updated our asset dashboard on Nansen for full transparency. No need to FUD, thanks.
3.5 billion people watched the 2018 World Cup
Excited to take crypto adoption up a notch as the exclusive crypto partner of FIFA World Cup Qatar 2022 🏆
Some thoughts from me on the last 24 hours:
- no customer funds were lost
- the downtime of withdrawal infra was ~14 hours
- our team has hardened the infrastructure in response to the incident
We will share a full post mortem after the internal investigation is completed.
We're excited to announce our full operational approval from Dubai’s Virtual Assets Regulatory Authority 🇦🇪
Crypto․com Exchange will be available for institutional investors as our first launch in the region 🙌
In terms of requests per minute, these were traffic levels not seen since 2021.
Happy to see that optimisation work our team has done during the bear market allowed us to withstand this first battle test of 2024.
152% increase in crypto purchase with fiat funds yesterday.
I guess nobody wants to be stuck on the sidelines holding worthless paper.
#FlighttoQuality
In the depths of the previous bear market, it was quite common to hear people saying that we will never see a run like in 2017 again.
Then 2021 came.
The next cycle always leaves the previous one in dust, making it look like a blip on a long forgotten chart.
Apologies to everyone for long CS response times. We have already hired an extra 480 customer service reps to deal with the increased volumes, but it does take time to train & onboard them all.
We will continue to scale until we reach sub 60s response time to all queries.
If…
Wishing the entire crypto community happy, peaceful Christmas 🎄
It was a tremendous year and we all deserve a break from looking at the charts.
Like 3 hours 🤣
In this particular case the whitelisted address belonged to one of our corporate accounts in a 3rd party exchange instead of our cold wallet. We have since strengthened our process and systems to better manage these internal transfers.
It’s great to see a major overhang removed — bodes extremely well for the market.
Looking forward to the next chapter of its development, led by companies with the required regulatory setup.
Coinmarketcap price feeds broke a few hours ago leading to inflated prices in coin tracker within our app. It was a display-only issue that didn’t affect any trading activity. It is fixed now.
So, we are not all trillionaires yet, requires some more HODLing.
10 days later, Bitcoin is back at $27,000.
I’m looking forward to the new ATH and the industry coming back together with it.
It’s inevitable.
As always, only the select few will do their homework and act on it.
As always, the rest will call them lucky.
As expected, following this week’s action on the regulatory front, we saw some delistings causing market selloff.
I guess we are in the “then they fight you” stage on the crypto adoption curve.
Make no mistake: crypto industry will go through this and emerge stronger than…
We’re proud to announce our latest milestone in global regulatory compliance and licensure.
has secured its MVP Preparatory License from the Virtual Asset Regulatory Authority in Dubai. 🇦🇪
Learn more:
If you are a founder thinking which chain to build on, Cronos should be on the top of your list: EVM compatible, fast, low fees and most importantly an amazing community.
Example of $MMF from 0 to $800m FDV and a listing on in 5 months.
Build on Cronos!
Our team completed review of the Luna glitch case and all user accounts have been re-enabled.
Apologies for the incident. We will improve to serve our community better.
@WuBlockchain
1. There are very restrictive limits, please read fine print.
2. Our total brand marketing budget is a very reasonable 10% of annual revenue.
3. Burned 70% supply in Feb 2021.
4. We hold customer assets 1:1 which will be demonstrated in audited Proof of Reserves
In spite of what by all accounts was a rough year for crypto, global ownership grew 39% to a cool 425 million.
continued advancing its core mission of cryptocurrency adoption, reaching 80m users on our platform.
Thanks for the support
#crofam
🙌
425 🄼🄸🄻🄻🄸🄾🄽
That’s how many cryptocurrency owners there were by the end of 2022; with the market growing 39% year on year.
💪
#CROFam
has also continued to grow, now at over 80 million strong.
Get all the details:
One of our core values at is "Remain Humble" - this means we don't seek lime light, always try to take the high road and do the right thing.
That also means I tend to ignore noise, avoid commenting and prove people wrong with actions, not words.
Zero trading fees on core pairs are coming this Friday.
So following our Gen 3.0 migration you now get:
Low latency ✅
One wallet for Spot, Margin, Derivs ✅
0 fees ✅
The GEN 3.0 Exchange is the gift that keeps on giving 🎁
Enjoy 0% trading fees for selected USD trading pairs this holiday season, including BTC/USD, ETH/USD, and DOGE/USD 📈
🕛 Begins 11 November, 00:00 UTC
Learn More👇
Get ready,
#crofam
! The release of
#Cronos
V1.0 Galileo is coming 🔜
Mark your calendars 📅 18 January 2023
Turn on your 🔔 notifications to learn more about what's new in V1.0 as we approach the launch date 🚀