Crypto News

CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins From Earn Program CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins from Crypto Earn 

Crypto.com on Monday eliminated 15 altcoins together with Dogecoin (DOGE) and Shiba Inu (SHIB) from its Crypto Earn program. The delisting of those cryptocurrencies can be efficient from 27 June 2022, 10:00 UTC, the company stated.

It additionally revised the rates of interest of 5 stablecoins and added three new cash to the reward program.

Under the Crypto Earn program, the company provides as much as 10% on stablecoins and as much as 14.5% on cryptocurrencies deposits. It offers help for over 40 property.  

“Existing fixed-term allocations for these tokens will remain unchanged and continue until the term ends. Funds from any active flexible-term allocations for the tokens listed above will be automatically returned to users’ Crypto Wallet by 28 June 2022, 10:00 UTC,” Crypto.com stated in an announcement.  

Other cash that acquired eliminated from its Earn program are Tezos (XTZ), Maker (MKR), Flow (FLOW), Kyber Network Crystal v2 (KNC), EOS (EOS), OMG Network (OMG), ICON (ICX), Compound (COMP), Gas (GAS), Stratis (STRAX), and Bancor (BNT), Beefy Finance (BIFI), Ontology Gas (ONG).

Coins Added to Crypto Earn

The crypto buying and selling platform added three new cash – Zilliqa (ZIL), Fantom (FTM), and NEAR – to the Crypto Earn rewards program. 

“Users can now enjoy rewards rates of up to 5% p.a. for FTM, and 6% p.a. for ZIL and NEAR. We will also be revising the reward rates for select stablecoins,” it stated.

Earlier, CryptoPotato reported that the buying and selling platform is shedding a portion of its workforce given the present market downturn. Other media stories stated the lay-off can be within the vary of 5%, impacting at the very least 260 workers.  

Last week, Crypto.com obtained in-principal approval from the Monetary Authority of Singapore to supply Digital Payment Token (DPT) companies and varied different settlement options.  

Coins With Rates Modified

Besides, the change additionally modified the reward charges for 5 stablecoins TGBP, TAUD, TCAD, TUSD, and USDP.  

“The new rates are only applicable to allocations placed on or after the effective date. The reward rates for allocations that have already been placed will remain unchanged,” it clarified.

Crypto.com’s Private Users holding Rose Gold, Icy White, and Obsidian playing cards will proceed to earn an extra 2% every year on fixed-term allocations. 

In distinction, the company has not modified the Crypto Earn reward charges for 28 cash that embrace Bitcoin, Ethereum, Polygon, Avalanche, and Solana. These will proceed to earn as much as 14.5%. 

The change didn’t provide any clarification as to why it eliminated these 15 cash from the Crypto Earn rewards program, which offers financial savings account-like rates of interest on deposits for versatile and mounted tenures. 

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