• Crypto.com is cutting Dogecoin, Shiba Inu and 13 other cryptocurrencies from its staking rewards program. 
  • The exchange announced the integration of Apple Pay to power cryptocurrency payments through the digital wallet service. 
  • Cronos price plummeted as the exchange excluded meme coins from Earn. 

Crypto.com made significant changes to Crypto Earn, the product that allows users to stake their assets and earn rewards in exchange. Shiba-Inu-themed meme coins and several other cryptocurrencies were pulled out of the program and FTM, ZIL, and NEAR were added. 

Crypto.com removes Dogecoin and Shiba Inu from Crypto Earn

Crypto.com, the leading cryptocurrency exchange, announced a revamp of its staking rewards program Crypto Earn. Effective June 27, 2022 10:00 UTC, the exchange announced the removal of Dogecoin, Shiba Inu and thirteen other tokens from its program. 

New tokens FTM, ZIL and NEAR were added and rates were revised. FTM can be staked for up to 5% p.a, ZIL and NEAR for 6% p.a. Reward rates were revised for select stablecoins as well. Check the following table for new rates:

Revised rates for Crypto Earn

Revised rates for Crypto Earn 

Select tokens, Shiba Inu (SHIB), Dogecoin (DOGE), Tezos (XTZ), Maker (MKR), EOS, OMG, FLOW, KNC, ICX, COMP, BIFI, ONG, GAS, STRAX and BNT. The existing fixed-term allocations for these tokens remain unchanged until the end of the term and funds from active flexible-term allocations will be automatically returned to users by June 28, 2022, 10:00 UTC. 

Crypto.com integrates Apple Pay for crypto purchases

Crypto.com announced the integration of Apple Pay onto its platform, allowing users to purchase crypto quickly and securely. In a new blog post, published on June 24, 2022, the exchange outlined the integration of Apple Pay and explained that the method would be used to purchase crypto within Crypto.com. 

Current debit and credit card fees and trading limits would apply and users should first add their credit/debit card details to their Apple wallet on their iPhone. Once the bank card is updated to the wallet, users can quickly make crypto purchases on the Crypto.com app and pay for them securely through Apple Pay. 

Cronos price plummets after Dogecoin and Shiba Inu removed from Earn 

Cronos (CRO), the utility token of the Crypto.org chain, witnessed a price drop since the update announcement on Earn. As the exchange pulled Dogecoin and Shiba Inu out of the program and revised rates, users slammed the platform for the move. 

Crypto analyst at HueFin evaluated the Crypto.com price chart and believes it is the beginning of the bottom for CRO. There are no indications of a rally in the three-month chart and the analyst argues that CRO price could plummet lower. 

FXStreet analysts believe there is no rush to scoop up CRO at the current price level. For more information, watch this video:

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Spurts of bullish momentum fight resurging bears

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Spurts of bullish momentum fight resurging bears

Bitcoin price sees a bullish uptick in an attempt to clear up any inefficiencies formed during the recent sell-off. Despite its uptrend, Ethereum price remains broadly range bound in the short-term, while XRP price shows strength, to be confirmed at the daily close.

More Bitcoin News

SEC v. Ripple update: Regulator argues Hinman’s speech is not relevant to the lawsuit

SEC v. Ripple update: Regulator argues Hinman’s speech is not relevant to the lawsuit

The SEC has filed a brief on the Hinman speech as its legal battle against Ripple drags on. The US SEC is fighting back in its lawsuit against Ripple Labs and arguing that the Hinman documents Ripple lawyers want brought into evidence are irrelevant to the case. 

More Ripple News

Solana price hints at a 50% upswing under these specific conditions

Solana price hints at a 50% upswing under these specific conditions

Solana price shows an interesting setup as it tries to overcome a stiff resistance level. The fifth attempt to overcome hurdles will likely be successful due to multiple bullish confluences.

More Solana News

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price sees a slow decline in bullish momentum as a major hurdle puts an end to its explosive move. A pullback is emerging for DOGE and is likely an opportunity that will allow bulls to recuperate and prepare for the next rally.

More Dogecoin News

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis

BTC

ETH

XRP