The performance of the global crypto market has shown promise as the gains increased gradually. It has been a great relief after the shaking losses for Bitcoin and others, which affected the market fo...
Tag: Nexo
Nexo hires Citibank to advise on acquisitions during market turmoil
Crypto lending platform Nexo says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firm...
Nexo Taps Citibank for Assistance on Potential Acquisitions as Crypto Markets Struggle
The current bear market has left many crypto-related businesses reeling. Between the Luna fiasco and assets dropping close to levels not seen in 2 years, crypto mainstays are struggling to stay afloat...
Nexo hires Citibank amid market crash for acquisitions advice
Crypto financing platform Nexo has engaged Citibank to help it acquire struggling crypto companies during the present market volatility. The company has stated that its robust balance sheet will offer...
Nexo Hires Citigroup to Advise on Potential Acquisitions
Nexo, a crypto lending platform based in Switzerland, announced on Wednesday that it has tapped Citigroup to advise it on the potential acquisition of other crypto firms hit by the recent market downt...
Nexo and Citigroup to explore consolidation of crypto lending space
Nexo is working towards consolidation of the crypto lending space as different players explore how best to protect retail investors in the crypto market. The leading crypto firm’s efforts have seen it...
Nexo Review 2020: Fast Cash Loans Backed By Crypto
Nexo is a project that is part of a burgeoning decentralized finance (DeFi) sector that is aiming to replicate and replace a range of financial services that have been offered by more established, and...
Three Worst Hit Altcoins by the Current Market Onslaught: ETH, NEXO, and XMR
While there is a growing bullish trend in the digital currency ecosystem across the board at the time of writing, the industry is notably not exhibiting a sign of persistent health as we are unsure if...
Nexo Co-Founder: Crypto Crash ‘Like Panic of 1907’
Antoni Trenchev, the co-founder and managing partner of crypto lending platform Nexo, has likened the current crypto crash to the Panic of 1907—the first global financial crisis of the 20th century, d...
Nexo Offers to Buy Celsius – Is Nexo Safe Though?
The crypto crash has flipped the optimistic outlook of most crypto exchanges. Coinbase and Crypto.com have laid off their staff, Celsius has frozen withdrawals, and more than a few lenders might not g...
Nexo Denies Exposure To Three Arrows Capital Amid Liquidation Risk
The ongoing cryptocurrency collapse has proved to be an alarming call for many investment firms dealing with digital assets. The same has happened with Three Arrows Capital (3AC). However, Crypto Lend...
DeFi contagion fears and rumors of Celsius and 3AC insolvency could weigh on NEXO price
The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market. Meanwhile, Nexo has denied rumors of exposure to Three Arrows ...
Nexo is hiring, says its growth is ‘organic’
Despite the market conditions and the swelling contagion fears, Nexo is marching on with its growth ambitions. Nexo says its plans to hire more staff amid the current bear market is due to its busine...
Will NEXO Bounce Back From 40% Dips?
NEXO dips 40% in 3 days. Nexo denies any partnership with Three Arrows Capital (3A). NEXO ought to bounce back once the market crisis is over. It’s so far been more than five days since the market cra...
Nexo Proposes Buyout of Celsius Assets as Crypto Lending Rival Halts Withdrawals
Digital asset manager Nexo responded to the news of its rival Celsius pausing withdrawals by tabling a proposal for a buyout of certain of the firm’s liquid assets. Pointing to “what appears to be the...
Did Nexo know already about Celsius’ trouble before its freezing withdrawal?
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Why did Crypto lending platform NEXO propose to buyout rival platform Celsius?
Amidst the crypto market going through huge crashes and seeking steep decline, crypto lending protocol Celsius freezed it’s operations This came as quite a surprise when a prominent crypto...
Nexo Extends Offer to Purchase Celsius Collateralized Loan
Only time will tell whether this offer to help will be accepted as it expires on the 20th of June. Cryptocurrency lender Nexo AG has extended an offer to lend a hand of help to Celcius, one of its top...
Celsius Rival Nexo Offers Acquisition Bid With an Expiry Date Amid Withdrawal Halt
2 hours ago | 2 mins read Defi News In effect, it has drafted an offer to Celsius in the form of an intent letter. Celsius said today that it stopped withdrawals, swaps, and transfers. The Celsius eve...
Nexo makes unsolicited offer to acquire Celsius’ assets after it halts withdrawals
? Want to work with us? CryptoSlate is hiring for a handful of positions! Leading crypto lending platform Nexo made an unsolicited offer to acquire “any remaining qualifying” assets of rival Celsius N...
Nexo is Ready to Buy Crypto Assets from Celsius Network – crypto.news
Financial services provider Nexo capital has announced it has the capacity to buy crypto assets from its troubled rival Celsius. The former stated it ‘is in a solid position to acquire any remaining q...
Celsius pauses withdrawals, rival firm Nexo proposes buyout
This week began with another terrible news for the cryptocurrency market. According to statistics from CoinMarketCap, Bitcoin (BTC) and Ethereum (ETH) have plummeted to fresh 52-week lows of $22,920 a...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets – Bitcoin News
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto com...
Nexo Circles Celsius for Potential Loan Asset Buyout
Key Takeaways Crypto lender Nexo has offered to buy Celsisus’ qualifying assets as the rival deals with what appears to be a severe liquidity crisis. The offer, valid until Jun. 20, proposes buy...
Nexo offers to buy out Celsius’ loans amid withdrawal suspension
There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is tryin...
Crypto Lender Nexo Plans To Acquire Celsius’ Remaining Assets
Cryptocurrency lending platform, Nexo has come forward to put an acquiring offer in front of its competitor Celsius. Earlier, Celsius announced that it will be halting all its services between the acc...
Three Cryptocurrencies That Could Help You Make A Fortune: Parody Coin (PARO), Nexo (NEXO) And The Graph (GRT)
– Advertisement – More and more people are becoming fascinated each day by cryptocurrency and how it made people millionaires overnight. But, unfortunately, cryptocurrencies are prone to a...
Bitcoin, Binance Coin, OKB, and NEXO Daily Price Analyses – 01 June Morning Price Prediction
The performance of the global crypto market has suffered because of the changing influx of capital. The market performed better recently as Bitcoin, and other coins attracted significant amounts over ...
Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interes...
If You’re Looking For Unique Community-Serving Cryptocurrencies, These Three will Surely Meet Your Needs – Nexo (NEXO), Pacman Frog (PAC) And Holo (HOLO)
– Advertisement – There are lots of cryptocurrencies on the market and the majority of them fall under the same category. It’s either Defi, Blockchain, DAO-system, or GameFi. Community-dri...