Latest news with #Cronos
Business Insider
5 days ago
- Business
- Business Insider
VVS Finance Launches Auto Harvest, Bringing DeFi Yield to Crypto.com Prepaid Cardholders
Leading Cronos DEX and yield farming platform VVS Finance have announced the launch of Auto Harvest for Prepaid Cardholders. The feature enables users to automatically harvest yield from DeFi farms to be used to fund their prepaid card for everyday spending. The feature is live as of today across all farms issuing VVS tokens that are labeled as Auto Harvest on the VVS Finance platform. For users selecting as their harvest destination, rewards (after fees) are converted to fiat via USDC or a local equivalent, and funded to their linked Prepaid Card, subject to regional availability. Esther Wong, Senior Vice President of Cards at said: 'The Prepaid Card is a vital bridge between the fiat and crypto worlds and a stepping stone to participating in decentralized finance. The launch of Auto Harvest reinforces this by allowing VVS Finance users to automatically claim their yield farming rewards and seamlessly use them to enable spending on everyday goods and services.' Mirko Zhao, Cronos Labs Lead said: 'VVS Finance's Auto Harvest feature shows that what happens on Cronos chain doesn't have to stay on Cronos chain. Its native integration with Prepaid Card gives Cronos users the freedom to claim their yield farming rewards and decide where to utilize them – for other DeFi purposes onchain, or to cash them out to their prepaid card.' Yotei, Product Lead at VVS Finance said: 'The launch of Auto Harvest seamlessly connects DeFi and CeFi, making it easy for VVS users to claim rewards and immediately allocate them for everyday spending. It's a breakthrough in making decentralized finance accessible to mainstream users, who can seamlessly claim their rewards and convert tokens with zero friction.' Auto Harvest rewards are automatically harvested daily once they have reached a minimum threshold of $6, though users retain the ability to manually claim from an Auto Harvest farm without any processing fee at any time. Its integration for Prepaid Cardholders makes it easier than ever for users to off-ramp crypto and spend it in the real world without the usual multi-step delays. The incorporation of Auto Harvest into Prepaid Card bridges DeFi with real-world usability. It also reduces the complexity of managing yield farming, making DeFi more accessible to users unfamiliar with onchain mechanics. VVS Finance is the leading DeFi protocol on Cronos with a broad base of active users and a focus on user-friendly financial tools. It forms the gateway to Cronos, empowering DeFi users to trade, stake, earn, and take control of their digital assets. With support for advanced order types and perpetual markets, VVS provides a diverse basket of services within a single platform. About Cronos Cronos is a leading blockchain ecosystem, adopted by more than 500 application developers and partners representing an addressable user base of more than 100 million people around the world. Cronos' mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming. The Cronos universe encompasses 3 chains: Cronos (EVM), the leading Ethereum-compatible blockchain built on Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network. Cronos ranks among the top 15 blockchain ecosystems, with more than 6 billion dollars of user assets stored on the network. Since launching in 2021, it has securely settled more than 100 million transactions. Cronos Labs is the $100M startup accelerator focused on Cronos. Contact Market Across
CNBC
04-06-2025
- Business
- CNBC
Trump's Truth Social takes step toward launching bitcoin ETF with NYSE Arca filing
President Donald Trump's Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president's media company, the latest sign of Trump's expanding push into the crypto world. Known as a 19b-4 form, the filing is required before regulators can decide whether to allow the fund to launch and trade on a U.S. exchange. Called the Truth Social Bitcoin ETF, the fund is designed to track the price of bitcoin and offer a simpler way for investors to gain exposure without holding the asset directly. The filing follows an announced partnership between Trump Media and in March to bring a suite of digital asset products to market later this year, pending regulatory approval. Those planned offerings include baskets of cryptocurrencies, such as bitcoin and native Cronos token, combined with traditional securities. The products will be branded under Trump Media and made available to global investors through major brokerage platforms and the app, which serves more than 140 million users worldwide. Since the January 2024 launch of spot bitcoin ETFs, the market has swelled to more than $130 billion in total assets. BlackRock's iShares Bitcoin Trust (IBIT) accounts for the lion's share, with nearly $69 billion in assets, making it the largest digital asset manager in the world. Trump is the majority owner of Truth Social's parent company, Trump Media & Technology Group, which has made a series of crypto-aligned moves in recent months — from trademarking digital asset products to unveiling a $2.5 billion bitcoin treasury plan last week in Las Vegas. If approved, the ETF would represent one of the most politically connected entries into the booming market for bitcoin funds.
Yahoo
02-06-2025
- Business
- Yahoo
Cronos Group Inc. to Speak at the TD Cowen 9th Annual Future of the Consumer Conference
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ('Cronos' or the 'Company'), an innovative global cannabinoid company, today announced that Mike Gorenstein, Chairman, President and CEO, will speak at the TD Cowen 9th Annual Future of the Consumer Conference on Wednesday, June 4, 2025, at 3:30 p.m. EST. A live webcast will be available on the Investors section of the Company's website at About Cronos Group is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®. For more information about Cronos and its brands, please visit: Forward-looking StatementsThis press release may contain information that may constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, 'Forward-looking Statements'). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'plan', 'anticipate', 'intend', 'potential', 'estimate', 'believe' or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about Mr. Gorenstein's intention to speak at the TD Cowen 9th Annual Future of the Consumer Conference and the Company's intention to build an international iconic brand portfolio and develop disruptive intellectual property by advancing cannabis research, technology and product development. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, each of which has been filed on SEDAR+ and EDGAR and can be accessed at and respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. Cronos ContactHarrison Aaron Investor RelationsTel: (416) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
Cronos Group Inc. to Hold Virtual 2025 Annual Meeting of Shareholders
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ('Cronos' or the 'Company') will hold its 2025 Annual Meeting of Shareholders on Friday, June 20, 2025, at 11:00 a.m. ET. Cronos will be conducting the meeting in a virtual-only format via live audio webcast. Registered shareholders and duly appointed proxyholders will have an equal opportunity to participate in the 2025 Annual Meeting online regardless of their geographic location, including a chance to ask questions and vote. The Company's proxy statement describing the formal business to be conducted at the meeting and containing detailed instructions about how to participate in the meeting is available on the Investors section of the Company's website at Access InformationDate: Friday, June 20, 2025Time: 11:00 a.m. ETLive Audio Webcast Online at: ReplayA replay of the Annual Meeting will be available in the investor relations section of the Company's website ( starting about 24 hours after the meeting is finished. About CronosCronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®. For more information about Cronos and its brands, please visit: Forward-looking StatementsThis press release may contain information that may constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, 'Forward-looking Statements'). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'plan', 'anticipate', 'intend', 'potential', 'estimate', 'believe' or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about the Company's intention to build an international iconic brand portfolio and develop disruptive intellectual property by advancing cannabis research, technology and product development. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks. Financial results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which has been filed on SEDAR+ and EDGAR and can be accessed at and respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. Cronos Group ContactHarrison AaronInvestor RelationsTel: (416) in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Cronos Group Inc. to Hold 2025 First Quarter Earnings Conference Call on May 8, 2025
TORONTO, April 24, 2025 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ('Cronos' or the 'Company') will hold its 2025 first quarter earnings conference call on Thursday, May 8, 2025 at 8:30 a.m. ET. Cronos' senior management team will discuss the Company's financial results and will be available for questions from the investment community after prepared remarks. To attend the conference call or webcast, participants should register online at To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. The webcast of the call will be archived for replay on the Company's website. About Cronos Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®. For more information about Cronos and its brands, please visit: Forward-looking Statements This press release may contain information that may constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, 'Forward-looking Statements'). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'plan', 'anticipate', 'intend', 'potential', 'estimate', 'believe' or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about Cronos' intention to build an international iconic brand portfolio and develop disruptive intellectual property. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which has been filed on SEDAR+ and EDGAR and can be accessed at and respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. Cronos ContactHarrison AaronInvestor RelationsTel: (416) in to access your portfolio
