crypto ads Archives

CoinFlex to issue tokens after withdrawal freeze

Crypto exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return. The company aims to resume withdrawals after a client failed to repay a $47 million debt. The platform will start to issue $47 million of “Recovery Value USD” tokens on Tuesday. The resumption of withdrawals (targeted for June 30) will depend on the level of demand for the new tokens.

Crypto prices today: Bitcoin falls 2%, ETH down 1.3%

Bitcoin is currently trading at $20,905.4, a decline of 1.9% over the previous day. Ethereum is down 1.3% over the last 24 hours to $1,208.2. Solana fell 4.2% to $38.61, while Cardano is trading lower by 2.49% at $0.489. Avalanche (AVAX) is down 4.38% to $19.62. The global crypto market cap stands at $938.08 billion, a 1.93% decline over the previous day.

Crypto.com removes Dogecoin, Shiba Inu from Earn program

Crypto.com announced it is removing 15 cryptocurrencies from its Crypto Earn rewards program. Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are among those being removed from the list. However, Crypto.com will add Zilliqa (ZIL), Fantom (FTM), and NEAR to the program. The Crypto Earn program enables users to obtain interest on their crypto holdings.

400+ crypto ads found violating ASCI guidelines

The Advertising Standard Council Of India (ASCI) has found more than 400 crypto ads to be potentially violating advertising and promotion guidelines of virtual digital assets (VDAs) and guidelines for influencer advertising. In the first five months of 2022, ASCI took up 453 complaints where 419 crypto ads required modifications.

ASCI issues guidelines for crypto, NFT ads in India

The Advertising Standards Council of India (ASCI) has laid out specific guidelines for advertisements related to virtual digital assets. Ads must now include the disclaimer “Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions”. The guidelines will be applicable to all ads released on or after April 1, 2022.

Crypto prices today: Bitcoin up 3.65%, ETH rises 6%

Bitcoin is currently trading at $38,063, a 3.65% increase over the previous day. Ethereum rose 5.9% over the last 24 hours to $2,667. Solana jumped 8.56% to $89.36, while Cardano rose 9.4% to $0.91. Polygon (MATIC) surged 9.4% to $1.52. The global crypto market cap stands at $1.73 trillion, a 4.38% increase over the previous day.

Coinbase adds support for ledger hardware wallets

Crypto exchange Coinbase announced the support for Ledger, a popular crypto hardware wallet. The Ledger wallet integration is now available through the Coinbase wallet browser extension. Hardware wallets are physical devices designed to store users’ private keys offline instead of keeping them online.

UK law firm becomes first to accept crypto as payment

UK law firm Gunnercooke announced that it is now accepting cryptocurrency as payment for legal and professional services. The firm is partnering with crypto-asset exchange Coinpass to facilitate the exchange of cryptocurrency. Gunnercooke, which has 10 offices spanning across the UK and Germany, has a client base of around 100 crypto developers, platforms, and exchanges.

Solana NFTs Now on Sale in NYC Vending Machine

Solana-based NFT marketplace NEON allows users to buy NFTs at a 24-hour vending machine in New York City. Collectors can buy NFTs with credit or debit cards or Samsung Pay or Apple Pay. Upon purchase, buyers need to scan the QR code of the item and claim the NFT online.

‘Frozen’ Bitcoin Tied to Canadian Protests Lands at Coinbase, Crypto.Com

According to Blockchaindata.com, crypto tied to the Canadian truckers protesting against Covid-19 restrictions has been on the move. Nearly all of the roughly 20 BTC (~$788,000 at current exchange rates) sent to the Tallycoin fundraiser is gone from the address. About 0.14 BTC each ended up at two centralized exchanges, Coinbase and Crypto.com.