• The Data Protection Trust Mark (DPTM) award further strengthened the position of crypto.com as an industry leader in data protection and security
• The FTM/USD coin closed at $1.6437, after setting a high of $1.6437, and a low of $1.5090
• Crypto.com provides a prepaid debit card that enables customers to buy, sell, and spend cryptocurrency

Crypto.com closed at $0.6082, after hitting a high of $0.6243, and a low of $0.5841. CRO/USD continued its bullish momentum for the third consecutive session on Wednesday, amid positive developments.

The cryptocurrency trading platform, Crypto.com, became the first financial technology company to attain enterprise-wide certification, after it was awarded the Data Protection Trust Mark (DPTM). Singapore’s Infocomm Media Development Authority awarded the DPTM to Crypto.com ,as the company put data protection regimes in place to comply with obligations under the Personal Data Protection Act.

This award further strengthened the position of crypto.com as an industry leader in data protection and security. According to the Chief Information Security Officer of Crypto.com, Jason Lau, the DPTM is Singapore’s most prestigious official certification for information security and data privacy.

Crypto.com provides a prepaid debit card that enables customers to buy, sell, and spend cryptocurrency. The company also runs an app for cryptocurrency trading. The recent award from the Singapore agency added strength to the token associated with the company and pushed its prices higher on Wednesday.

The company has recently secured a 20-year contract deal worth $700 million with the Anschutz Entertainment Group (AEG) to purchase the naming rights to the Staples Center in Los Angeles. The name change is scheduled to take effect on Christmas Day, and this news has also supported the prices of the crypto coin.

Furthermore, the weakness of the US dollar also added strength to the CRO/USD prices, as the two are negatively correlated. For instance, the US dollar index, which measures the greenback’s value, dropped to 95.85 on Wednesday. Investors were not placing bets on the USD, as they were cautious ahead of the release of the CPI report, which is due on Friday.

Fantom (FTM) Daily Outlook

The FTM/USD coin closed at $1.6437, after setting a high of $1.6437, and a low of $1.5090. FTM/USD continued its consolidated momentum, but managed to reverse its course and turn green for the day, mainly due to the weak US dollar.

Recently, Swiss-Bangladeshi technology house, SELISE, announced a partnership with Fantom Foundation to bring Fantom’s smart contract functionality to the Bangladeshi financial services industry. The partnership aims to implement digital solutions in mobile payments, securities exchange, insurance and banking, at unparalleled scalability, without compromising reliability and security.

Fantom Live Rate

Fantom’s platform is a highly scalable smart contract platform, capable of running thousands of transactions per second. The platform is instrumental in facilitating the development of dApps that power many disruptive business cases. This partnership has added to the upward pressure on FTM/USD. Furthermore, the return of risk appetite in the market also weighed on the safe-haven US dollar, which added further to the gains in FTM/USD. The pivot point is 1.5988.