Crypto lending solution, Nexo has been granted permission to operate as a virtual currency platform in Italy by the regulatory authorities in the country Nexo now live in Italy Nexo, a leading central...
Tag: Nexo
Nexo secures registration in Italy
Crypto lender Nexo has gained a registration as a “virtual currency operator” in Italy, the company said in an announcement today. This allows the European-based firm to legally provide its services t...
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges...
NEXO: crypto exchange company sued
A family of fintech entrepreneurs has sued Nexo, the major crypto exchange. The grounds appear to be that the company prevented the withdrawal of funds and then intimidated the investors themselves in...
Is Nexo safe? What is the crypto lender doing differently & red flags?
Several cryptocurrency lending companies have gone bust amid bad practices and exposure to bankrupt companies, with the latest being BlockFi. Late Monday, BlockFi filed for Chapter 11 bankruptcy prot...
Nexo Yield Bearing Crypto Products Questioned as Market Deflates
Nexo has come under the radar for its high-yield-bearing crypto products when the broader market remains weak. The concerns come a month after the co-founders assured that the platform is solvent. Sev...
Bitcoin, Ethereum, Nexo, and GMX Daily Price Analyses – 23 October Roundup
The global crypto market has continued to grow in value due to inflows. The recent changes for Bitcoin, Ethereum, and others continue to show encouraging results. As the market has continued bullish, ...
Investors Sue Nexo For Blocking $126 Million in Funds in March 2021
Nexo is being sued in London by a family of fintech entrepreneurs who allege that it froze their ability to withdraw up to £107 million ($126 million) of their assets and then intimidated them into se...
Bitcoin, Ethereum, Fantom, and Nexo Daily Price Analyses – 21 November Roundup
The global crypto market has faced a decline in value despite attempts to recover value. The recent changes show that there has been no improvement in the value of Bitcoin and Ethereum. In comparison,...
Nexo Being Sued by Investor Over $126M Withdrawal
6 hours ago | 2 mins read Exchange News Ten days before the complaint was made public, Nexo issued a statement. The investor voiced their concerns for the first time in December 2020. In London, a fam...
FTX Auditor Is Pioneering Proof of Reserves
As FTX customers lament their missing funds, other major crypto exchanges including Kraken, Gate.io, Ledn and Nexo are taking steps to verify their holdings. But each of these companies share somethin...
Investors drag Nexo to court over account issues
Nexo has been dragged to court by a family of investors over the platform’s failure to sanction their withdrawals. According to reports, the group of Fintech entrepreneurs claimed that the firm blocke...
Crypto Giant Nexo Sued For Blocking $126M User Funds
According to a recent report, a group of investors is suing crypto lender Nexo in the London High Court on the grounds that the crypto firm prevented them from withdrawing over $126 million in cryptoc...
Investors file lawsuit against Nexo alleging blocked withdrawals
A family of investing entrepreneurs are suing Nexo for preventing them from withdrawing their funds and claim they were intimidated into selling crypto assets back to the lender at a 60% discount. Nex...
Nexo Announces Non-Custodial Wallet Dubbed ‘The Nexo Wallet’
The Nexo Wallet has been designed to let users maintain their identity profile ownership. Crypto lender Nexo is planning to launch its multifunctional non-custodial smart wallet called “The Nexo Wall...
Nexo reportedly offered $850 million to acquire rival BlockFi in July – crypto.news
\n According to an ‘indicative investment proposition’ document, cryptocurrency lender Nexo made an unfulfilled bid to buy ailing rival BlockFi as part of a planned deal valued at roughly $850 million...
Troubled crypto lender Vauld has $10 million stuck on FTX: Source
Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
Nexo allays customers’ fears as FTX’s death spiral claims more victims – crypto.news
The crypto-lending platform has assured customers that their funds are safe after Genesis’ Crypto-Lending Unit Halted Customer Withdrawals in the wake of the FTX Collapse. The company made this announ...
Nexo set to launch their own non-custodial smart wallet
Nexo is set to launch its own multifunctional, non-custodial, EVM-compatible smart wallet dubbed ‘The Nexo Wallet.’ This self-governed wallet will also function as an identity wallet, allowing users t...
Nexo says ‘real time audit’ error caused by technical malfunction, will be fixed soon
Nexo responded to rumors of insolvency that sprang up on Nov. 16 after its website stopped displaying the real-time audit of its assets versus liabilities and said the attestation would be back up soo...
Snowfall Protocol Is A Much Better Investment Than Both Nexo and Huobi Token – Top Expert Guarantees!
If you’re looking for a solid investment opportunity, you should definitely check out Snowfall Protocol (SNW)! This new cryptocurrency has already generated a lot of buzz in the industry, and top expe...
Nexo Safeguarded User Funds From FTX, but Somerging is off
Nexo, the lending platform, withdrew $219 million from FTX before it paused withdrawals and went insolvent. But there is something unusual taking place. According to the most recent press release, the...
Nexo distances itself from FTX
As the saga of FTX’s utter collapse continues, Nexo tweeted that its exposure is zero following the recent withdrawal of its total balance held with the troubled exchange. .@Nexo has $0 net exposure t...
PAX Gold And Nexo Are Declining In Value For Various Reasons – Experts Suggest Snowfall Protocol Instead!
PAX Gold (PAXG) and Nexo (NEXO) have been on a steady decline for the past few months. This has experts suggesting that investors switch to Snowfall Protocol (SNW) as it is a more lucrative investment...
Bitcoin, Ethereum, Nexo, and Mina Daily Price Analyses – 6 November Roundup
The global crypto market hasn’t been able to revive value over the last few hours. The performance of Bitcoin, Ethereum, and others has continued to show lag. As the value of these coins has lowered, ...
Synthetix (SNX) And Nexo (NEXO) Shows Weakness Compared To Strong Utility Coin The Hideaways
– Advertisement – Today, the DeFi blockchain network, Synthetic (SNX), and centralized finance platform Nexo (NEXO) trade on their support zones, with the latter getting involved in a new ...
Dogeliens, Cardano, And Nexo Are 3 Under $1 Cryptos To Purchase Before The Bull Market. Here’s Why
This guide discusses Dogeliens (DOGET), Cardano (ADA), and Nexo (NEXO) as three amazing cryptos worth purchasing before the return of the bull market. Dogeliens (DOGET) is new. Nevertheless, it boasts...
Oryen 100% Profit in its Presale makes it the Perfect Competitor to Cryptos like Ethereum Name Service and Nexo
Are you looking for a token that has thrived despite recent market turmoil? While the broader crypto market is currently in a dip, only some projects have struggled. That’s why investments are increas...
Clock Is Ticking On Oryen Network, Better Be Fast And Invest Together With Nexo And Litecoin
What will be the next big cryptocurrency? This is a question coming to many investors’ minds. With the explosive growth of Bitcoin and Ethereum, it’s hard to imagine anything else having the same impa...