Leticia James – New York’s attorney general – is joining several other states in a class-action lawsuit against cryptocurrency firms Nexo Inc. and Nexo Capital Inc. for allegedly lying to clients abou...
Tag: Nexo
Vauld seeks another four months of protection against creditors
Troubled Asian crypto lender Vauld needs more time to sort out its financial problems, as the firm has applied for another four months of protection against creditors, according to court documents obt...
Analysts See Uniglo 55% Price Surge Just As The Beginning, Buy Alongside Nexo And Solana
Uniglo has had an explosive start seeing an incredible 55% price surge at ICO, bucking current bear market trends and placing itself at the center of the market’s attention. Experts are watching close...
Bitcoin, Binance Coin, Nexo, and Casper Daily Price Analyses – 18 October Morning Prediction
The global crypto market has witnessed a continuation of the positive trend. The recent changes for Bitcoin, Binance Coin, and others show that they retained their gains. As the market has been bullis...
Big Eyes Coin is ready to take over Avalanche and Nexo
Cryptocurrency, often known as digital money, is a digital currency transacted on the internet using a decentralized digital ledger. Cryptocurrencies could potentially assist in maintaining economic s...
Nexo integrates blockchain indexer Zash to create new NFT pricing tools
Join Our Telegram channel to stay up to date on breaking news coverage According to its recent announcement, Zash, which is an enterprise-grade blockchain indexer, just partnered with Nexo — the self-...
Nexo integrates enterprise-grade blockchain indexer Zash
Zash, an enterprise-grade blockchain indexer, has announced a partnership with Nexo. As part of the partnership, Nexo will integrate Zash into its platform in order to develop new valuation and pricin...
Passive Income Is No Longer Unattainable with Oryen (ORY), Olympus (OHM), Nexo (NEXO) and Binance Coin (BNB)
Place/Date: – October 5th, 2022 at 6:21 pm UTC · 3 min read Source: Oryen The way to earn whilst asleep. The way to earn whilst at work. The way to earn whilst on holiday. Passive income is a ke...
This is what Nexo executives said about solvency concerns
After days of speculation over Nexo’s financial health and solvency, the crypto lender’s executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session. The ...
Nexo co-founders address recent cease and desist orders from US state regulators
Nexo co-founders Antoni Trenchev and Kalin Metodiev hosted an AMA on Oct. 4 in which they addressed recent cease and desist orders issued by several U.S state regulators. Given the turmoil of the last...
Nexo Clarifies Over $153M Worth Wrapped BTC Withdrawal
2 seconds ago | 2 mins read Defi News Earlier, officials in Kentucky claimed that Nexo was insolvent. Nexo created three loans and sent $530 million to MakerDao. A cryptocurrency wallet address identi...
Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO
There has been panic in the digital space amidst rumors of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labeled as Nexo Ox8fd. This comes j...
Uniglo.io (GLO) Is In A League Of Its Own, Likelihood Of Outpacing Kava (KAVA), Nexo (NEXO) And Ravencoin (RVN) High
In the world of cryptocurrency, there are always a few that overshadow the rest. These are the ones that have the potential to make a real difference in the world and have the backing to make it happe...
NEXO risks 50% drop due to regulatory pressure and investor concerns
Crypto lending firm Nexo is at risk of losing half of the valuation of its native token by the end of 2022 as doubts about its potential insolvency grow in the market. Is Nexo too centralized? For the...
Wrapped Bitcoin Locked on MakerDAO Falls to 2022 Low After Nexo Withdraws Massive Amount of WBTC: Santiment
Blockchain analytics firm Santiment says that crypto lender Nexo has pulled a huge portion of Wrapped Bitcoin (WBTC) off of decentralized finance (DeFi) platform MakerDAO following the firm’s legal tr...
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo, stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities vio...
Crypto Lender Nexo Acquires Stake in US Chartered Bank
Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Compt...
Crypto Lender Nexo Buys Stake in U.S. Chartered Bank
Cryptocurrency lender Nexo has acquired a stake in the U.S. federally chartered financial institution Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), which was established in 1...
Crypto Loan Platform Nexo Responds to Enforcement Actions From Multiple State Regulators
Crypto lender Nexo has issued a statement regarding the enforcement actions it’s facing from eight different states pertaining to its Earn Interest Product (EIP). Earlier this week, state regulators i...
Nexo acquires stake in US chartered bank
Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance its ability to serve retail and...
Should you buy Nexo after it acquired a stake in US Bank?
Nexo has acquired a stake in the bank holding company that owns Summit National Bank, which is the US federally chartered bank regulated by the Office of Comptroller of the Currency. Nexo is a blockch...
Nexo Buys Stake in Federally Chartered US Bank Summit National
Crypto lending platform Nexo announced today that it was taking a stake in Summit National Bank, based in Wyoming. By taking a stake in the US federally chartered bank, which is regulated by the Offic...
Nexo Defends Itself Against Cease and Desist Allegations
Key Takeaways Nexo has defended itself against charges that were issued by various state regulators in the U.S. yesterday. Regulators say that Nexo offered interest rates as high as 36% without inform...
More Than a Half Dozen US Securities Regulators File Actions Against Nexo
Blockfi paid $100 million in penalties Blockfi’s CEO said the firm lost $80 million from the bankrupt company Kentucky, Vermont, South Carolina, etc have all filed similar actions against Nexo State a...
Nexo Says It Doesn’t Offer High Interest Rates
Key Takeaways Nexo has defended itself against charges that were issued by various state regulators in the U.S. yesterday. Regulators say that Nexo offered interest rates as high as 36% without inform...
California, New York and other U.S. states take action against crypto lender Nexo
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday. California’s Department of Financial Protection and Innovation issued a cease and desis...
Multiple State Financial Regulators Allege Crypto Loan Platform Nexo Violates Securities Laws
Cryptocurrency lender Nexo is facing regulatory actions in eight US states for allegedly offering an investment product that violates securities laws. State regulators in California, New York, Washing...
Nexo sued in eight US states
Trouble is brewing for crypto platform Nexo which is being sued by authorities in as many as eight US states. Nexo indicted by eight US states Crypto platform Nexo is reportedly being sued by eight US...
Nexo comes under regulatory attack
Yet another crypto lending platform, in the form of Nexo, has come under regulatory fire. Eight U.S. states file lawsuits accusing the lender of offering non-registered securities. Enforcement action ...
What is happening with Nexo? 1
Nexo Group, the company under whose umbrella the Nexo lending platform is operating, has been slammed with a filing. According to the report’s details, the filing was submitted by regulators across se...