While Cardano has established itself as a prominent blockchain platform, Retik Finance distinguishes itself through its focus on accessibility, innovation in DeFi, and an aggressive pricing strategy. While Cardano has established itself as a reliable long-term investment, Retik Finance’s tokenomics present an opportunity for more rapid and substantial returns, albeit with higher risk. Retik Finance’s journey from an affordable presale price to a projected 50x return in 2024 is a captivating narrative in the world of cryptocurrency investments. As investors closely watch the development of this emerging project, it’s clear that Retik Finance is positioning itself as a strong contender in the blockchain space. As with any investment, due diligence and a comprehensive understanding of the project’s fundamentals are key to making informed decisions in the ever-evolving world of cryptocurrency. There are more than 2 million cryptocurrencies in existence, in addition to 701 cryptocurrency exchanges where investors can trade them, according to crypto markets website CoinMarketCap.
- A new report from digital asset fund manager CoinShares reveals that investors are withdrawing funds from high-profile crypto funds.
- One of the factors contributing to Retik Finance’s rising popularity is its commitment to transparency and security.
- When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
- On January 18, 2023, the Cronos team announced that its latest mainnet upgrade, “Galileo” (version 1.0), had been completed.
- Kingdom Wealth Exchange, the only crypto exchange selling the INDX token was inexplicably shut down on November 1, according to the Denver Post.
People who love cryptocurrencies and investors are always searching for the next exciting thing in the ever-changing world of digital money. One project creating a lot of excitement is Retik Finance, positioning itself as a strong alternative to the well-known Cardano (ADA). With a tempting price of $0.09 in its presale phase, Retik Finance is catching eyes because of its ambitious goals, strong features, and the chance for a whopping 50x return on investment in 2024.
Cronos Chain has an ambitious roadmap for 2022 from which it has ticked off several achievements made in Q1 and Q2 of the year. One such item is the launch of the Cronos Chain Ambassador Program (CROnauts) to reward active community members. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Cronos Chain. Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank.
Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary. Regalado said in the video that he will go to court to address the allegations against him and his wife. In a nine-minute long video, Regalado acknowledged on Friday that the allegations that he made $1.3 million from investors “are true.” This sudden increase in the token price seems like a new attempt of CRPT to break above the $0.50 resistance level, last reached on July 13 following the announcement that Crypterium burned 100,000 CRPT.
Retik Finance, however, has managed to stand out with its unique value proposition and strategic positioning as a viable alternative to Cardano, one of the leading blockchain platforms. CoinShares suggests that investors seeking exposure to digital assets are shifting their money into the new Bitcoin ETFs. The report notes that “incumbent, higher cost issuers suffered in the U.S., seeing $2.9 billion of outflows, while newly issued ETFs have now seen a total of $4.13 billion inflows since launch.” Crypto.com launched Cronos Chain as an EVM-compatible sidechain of its flagship Crypto.org Chain. Cronos Chain, an Ethereum-compatible blockchain, was recently launched to run in parallel to Crypto.org blockchain. Cronos Chain’s mainnet beta went live on Nov. 8, 2021, and is built on the Cosmos SDK, utilizing a proof-of-authority (PoA) consensus mechanism.
Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities. Cronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. Colorado Securities Commissioner (CSC) Tung Chan filed civil fraud charges against Eligo and Kaitlyn Regalado last week in Denver District Court, according to a statement from the Colorado Department of Regulatory Agencies. The complaint accuses the Regalados of targeting members of the state’s Christian community, enriching themselves by promoting a cryptocurrency token that the Denver couple launched called the INDXcoin. In a market dominated by well-known cryptocurrencies, finding a hidden gem with significant growth potential can be akin to discovering a needle in a haystack.
The Hong Kong Securities and Futures Commission (SFC) has set a minimum insurance requirement of 50% for licensed crypto exchanges handling customers’ assets. This requirement aims crpt coinmarketcap to safeguard investors’ funds in the event of a security breach or insolvency. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
A new report from digital asset fund manager CoinShares reveals that investors are withdrawing funds from high-profile crypto funds. Learn about BNB and HT, two other popular tokens designed to power and incentivize the use of their parent platforms. Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.
However, Grayscale, which manages billions of dollars worth of crypto assets, has experienced significant outflows. The Grayscale’s Bitcoin Trust (GBTC) recently converted to a Bitcoin ETF, and investors have been cashing out rapidly. CoinShares reports that over $2.2 billion has been withdrawn from GBTC since its conversion.
The ERC-20 CRPT token was among the Top 5 daily gainers as of the time of this writing, adding 44.88 percent at $0.3741. There are https://cryptolisting.org/ several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Cronos Chain hosts various decentralized applications (dApps) and has a total value locked (TVL) of over $781.86 million, at the time of writing, making it one of the largest EVM-compatible chains. It is the first blockchain that enables interoperability between the Ethereum and Cosmos ecosystems. According to the CSC, the Regalados had no prior experience operating a cryptocurrency exchange or creating a virtual token before minting INDX two years ago. Almost anyone can create a cryptocurrency token, the agency noted in its statement. The couple allegedly sold the “illiquid and practically worthless” tokens from June 2022 to April 2023 through a cryptocurrency exchange they created called Kingdom Wealth Exchange, Commissioner Chan said in the statement.
Of the 10 ETFs currently trading, BlackRock’s iShares Bitcoin Trust is the best performer, with $1.3 billion in assets under management. In 2021, Crypto.com announced its big token burn and permanently removed 70 billion CRO tokens from circulation. The exchange also forged multiple partnerships in a drive to get crypto to up to 1 billion users. On January 18, 2023, the Cronos team announced that its latest mainnet upgrade, “Galileo” (version 1.0), had been completed. The upgrade marks the blockchain’s transition out of beta, having handled more than 65 million transactions for more than 1 million users without downtime.
Ethereum Virtual Machine (EVM) compatibility means that the thousands of DApps built on Ethereum can be ported on to the Cronos Chain. Furthermore, it also supports the Inter Blockchain Communications (IBC) protocol, which allows it to bridge to the Cosmos ecosystem of DApps. The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency.
The SFC’s minimum insurance requirement is part of its broader efforts to regulate the cryptocurrency industry in Hong Kong. Since opening crypto trading to retail investors last August, only OSL and HashKey have been granted virtual asset trading licenses. To obtain a license, applicants must pass stringent due diligence checks, including a traditional financial audit that is broader in scope than proof-of-reserves. With listings on reputable platforms such as CoinMarketCap and CoinGecko, Retik has solidified its presence in the market. These listings not only provide exposure but also serve as indicators of the project’s legitimacy and potential for future growth. If you would like to know where to buy Cronos at the current rate, the top cryptocurrency exchanges for trading in Cronos stock are currently BlueBit, OKX, Bybit, Bitunix, and DigiFinex.