Acquisition talks between Vauld and its potential buyer, Nexo, have broken down, according to a report published by Bloomberg on Dec. 26. Vauld was one of several cryptocurrency lending and borrowing ...
Tag: Nexo
Nexo fall out with Vauld ends a potential acquisition deal
Major crypto lender Nexo has terminated a potential acquisition deal previously announced in July 2022. Its co-founder Antoni Trenchev stated that Nexo was in 60 days of due diligence (DD) with Vauld....
Nexo terminates potential deal with troubled crypto lender Vauld
Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions. The potential deal has fallen through after six long months of di...
Major Price Pump Predicted for Sparklo Amid Presales; HEX Coin And NEXO Continue to Rise
Every investor in the crypto space always looks for tokens or coins that would provide substantial gains. As a result, these investors constantly change approaches and strategies to keep up with marke...
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
Nexo Token Up 5% on Ethereum ‘Smart Staking’ Launch
The native token of crypto lending platform Nexo has jumped by around 5.3% following the launch of its Ethereum Smart Staking product. Nexo’s Ethereum Smart Staking enables users to swap ETH for...
Crypto Lending Platform Nexo Introduces Ethereum Smart Staking
5 hours ago | 2 mins read Defi News Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH. It offers staking incentives of between 4% and 12% APY, paid out in NETH. Following t...
Nexo climbs 8% in 24 hours; Here’s why NEXO leads the top 100 pack
As the uncertainty in the cryptocurrency market continues, caused in large part by the collapse of the crypto trading platform FTX and the subsequent sell-off, some digital assets are still going stro...
Crypto Lender Nexo To Leave United States, Citing Lack of Regulatory Clarity
Switzerland-based crypto lender Nexo is announcing plans to cease its business operations in the United States. The crypto lender says that the decision is influenced by the regulatory and policy land...
Will Snowfall Protocol take over Solana and Nexo?
With an industry as competitive as crypto, there is always a rapidly growing alternative. Make way for a new name in the market – Snowfall Protocol (SNW), which is taking the industry by storm and alr...
Snowfall Protocol (Snw) Is Set To See More Returns Than Convex Finance (Cvx) And Nexo In 2023
The majority of crypto tokens are expected to recover in 2023. However, full recovery is still a long way off, with the bull run not expected to begin until mid-2024. For Snowfall Protocol (SNW), 2023...
Nexo Exits US citing Regulatory Restrictions
Trusted crypto lender Nexo is phasing out its services in the US Nexo offers instant loans to crypto users Nexo is placed in top place with 66% of votes The London-based crypto lender Nexo announced t...
Nexo Quits US Operations After Regulatory Actions Over Crypto Lender
Nexo will leave the US soon after the regulatory measures tighten. The crypto lender made major announcements on its blog. Nexo has been sued by eight states for illegal acts. United States says NO! O...
Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’ ⋆ ZyCrypto
Advertisement     Cryptocurrency borrowing and lending platform Nexo has announced that it is withdrawing its products from the United States over the ‘‘coming months’...
Is Nexo safe? Lender withdraws from US market
Nexo, the crypto lending platform, announced Monday that it is pulling out of the US market. It blamed the hostile US regulatory environment for the move, following a collapse in longtime talks with l...
Dealer Nexo gives up – The Cryptonomist
Nexo lends resources to investors in order to make a margin with which to earn money for itself and lavish interest on its customers. The practice was and still is in use on other platforms, and Nexo ...
Nexo announces gradual exit from the United States
Nexo, a leading crypto lender based in the UK, has announced a phased exit from the United States. The latest Nexo news comes just a few months after the company revealed a stake in a US-based bank as...
Nexo Claims Gradually Walking Out of the United States
13 mins ago | 2 mins read Exchange News Nexo announced that they plan to cease their services in the U.S. Nexo no longer accepts new registrations as they are shutting off in the U.S. Nexo, a crypto b...
Crypto Exchange Nexo To Pull Out Of U.S.
Nexo, one of the leading crypto lending institutions in the digital finance industry, announced it has decided to halt its services in the U.S. after regulators “dropped the ball” in dialogues meant t...
Crypto Lending Giant Nexo To Suspend U.S. Operations
On Dec 5, crypto lender Nexo announced that it would discontinue operations in the United States within the next few months. The company specifically mentioned that it would immediately cut off access...
Infura hits back, Nexo leaves US, SBF tries to avoid Congress
ConsenSys’ MetaMask has been criticized for changing its privacy policy to notify users that it will track IP addresses upon sending transactions. The move is seen as a threat to personal privacy, wit...
Nexo halts operations in the United States
Nexo, a crypto savings and lending provider, has decided to end operations in the United States over the next few months. This decision follows over a year of negotiations with US federal and state ag...
Nexo to Leave US After Hitting Brick Wall With Regulators
Crypto lending platform and exchange Nexo will wind down product offerings as it looks to exit the U.S. market after failing to strike a clear path forward with regulators. Starting on Dec. 6, 2022, t...
Nexo leaving US, says country lacks clear regulations
The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision ...
Nexo is Leaving the United States Due to Regulatory Difficulties
Burdened by regulatory pressures, crypto lending firm Nexo has given up on continuing to operate within the United States. The company announced on Monday that it would begin phasing out its products ...
Nexo bows out of US on regulatory uncertainty
Crypto lender Nexo announced on Dec. 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. Today we are announcing the regrettable but necessary...
Crypto lender Nexo will exit United States as it meets dead end
Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troubled one for...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
3 Best Cryptos to Buy Now, December 4: NEXO, CELO and IMPT
Join Our Telegram channel to stay up to date on breaking news coverage Most retail participants in the cryptocurrency market are still in the depression phase due to constant losses since late last ye...
Nexo Reveals No Exposure to FTX in Recent Proof of Reserves
Following the recent turbulence within the crypto industry in the wake of FTX collapse, every other crypto firm seems to take the lesson. Otherwise what could have bothered these firms, including majo...