Crypto.com Cuts Netflix Benefits For Low-Tier Cards, Utel University Accepts Crypto, KuCoin CEO Addresses FUD

Written by Crypto University

July 25, 2022

Crypto.com Cuts Netflix Benefits For Low-Tier Cards

Crypto.com, a Singaporean-based cryptocurrency exchange, is cutting its Spotify and Netflix rebates for low-tier cardholders. Existing users of the Jade Green, Royal Indigo, and Ruby Steel Crypto.com Visa Cards will enjoy their rebate benefits for six more months until the 23rd of January. Thereafter, the company will not reimburse users with CRO tokens for their Netflix and Spotify subscriptions. Instead, users will receive 2% back on spending with the merchants.

“To ensure the long-term sustainability of our card program – with the primary purpose to enable cardholders to spend their crypto safely and easily – we are adjusting our merchant benefits program for select Card tiers,” said Crypto.com in a statement. 

Crypto.com’s Private Members (Icy White, Frosted Rose Gold, or Obsidian Card users) will continue to enjoy the merchant rebate benefits. Users who want to upgrade their membership from a lower to a higher tier will enjoy a six months benefit after activating their cards. 

Utel University Accepts Crypto

Utel University, a Mexico-based online university, has partnered with Bitso to accept 34 cryptocurrencies for tuition payment. The university offers Bachelor’s, Master’s, and Doctorates Degrees to students in over 60 countries and across five continents.

“At Utel, we envision the next scenario of technology applied to finance; the blockchain is a reality and is a trend that is gaining more and more value,” said Rafael Martínez, Director of Institutional Liaison at Utel.

Utel is a 100% online university which also delivers education on par with U.S institutions. The university uses technology to provide world-class educational experiences for its students. Many of their students come from the United States, Mexico, and Peru. 

KuCoin CEO Addresses FUD

Johnny Lyu, the CEO of KuCoin, has responded to the circulating insolvency rumors in a recent blog post. In the blog, he wrote that KuCoin does not have exposure to LUNA. He added that the company diligently practices risk management and has over 300 job openings. 

Rumor is a big challenge for any big company as they also take on a life of their own. One minute it’s just a rumor, but as it spreads across the internet, it often becomes the basis for a fact—even when it isn’t a fact. In most cases, they are triggered unknowingly or intentionally. KuCoin has been facing both lately, and the same people are usually involved, wrote Lyu.

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