Crypto.com's CRO Firm Despite SEC Lawsuit Fears, Time To Watch The Token?

CRO, the native token of the Cronos blockchain, an open-source, interoperable, and Cosmos-based platform, a centralized crypto asset exchange, is steady despite some community members fearing that the United States Securities and Exchange Commission (SEC), the primary securities regulator in that country, could soon target Crypto.com, the crypto exchange and developer of the blockchain. CRO Stabilizes Despite Fears The SEC Might Sue Crypto.com As of writing on June 8, CRO is trading at $0.05889, stable in the last 24 hours against the USD, Bitcoin, and Ethereum.

Timeline of Cronos

Cronos Labs has recently announced the launch of its second cohort for its accelerator program. With a substantial $100 million investment, the program aims to support early-stage cryptocurrency projects by offering mentorship and funding opportunities.

Global blockchain technology company and start-up accelerator Cronos Labs announced that it will participate as the main blockchain network partner of the ‘Seoul Web 3.0 Festival 2023' (SWF2023), organized by the Seoul Metropolitan Government.

Cronos (CRO) has joined the league of high-performing altcoins after soaring as high as 11.24% over the past 24 hours to $0.07841. The growth of the CRO token is even more pronounced over the week-to-date (WTD) period, during which it has added to its overall valuation with more than 15% growth.

Amazon Web Services (AWS), a cloud computing platform and a subsidiary of e-commerce giant Amazon, is partnering with Cronos Labs, the development team behind Cronos Chain; to scale and grow web3 startups through the Cronos Accelerator Program.

The native token of Crypto.com is soaring after unveiling a new partnership with Amazon Web Services. In an announcement on LinkedIn, Amazon says that it is partnering up with Cronos to support Web3 start-ups, including decentralized finance (DeFi) and infrastructure.

Crypto.com (CRO) price went parabolic on Wednesday after the developers announced a new partnership with Amazon AWS. Cronos token jumped to a high of $0.076, the highest point since March 2. In all, the coin has jumped by more than 21% from the lowest level in March.

Amazon Web Services, the cloud computing subsidiary of e-commerce giant Amazon, on Wednesday announced a partnership with Cronos, deepening its roots in the crypto space. Amazon keeps expanding its presence in the crypto, blockchain, Web3, and NFT areas considering major advancements in the future.

According to court documents filed on Tuesday, FTX, the defunct cryptocurrency exchange, is offering a $4 million bonus program to retain its staff. FTX's CEO, John J. Ray III, wants to offer bonuses up to 94% of salary to prevent employees with knowledge of programming or company accounting practices from quitting.

With March beginning with plenty of news and excitement, let's take a look at the weekly performances from Optimism (OP), Cronos (CRO), and the African sensation DPA Token (DPAT), the protocol opening up African investments to the global crypto community.

Latest crypto news regarding Cronos (CRO) and GMX. Cronos (CRO) is the cryptocurrency issued by Crypto.com, the popular crypto exchange. It was launched in 2016, along with Crypto.com itself.