Due to the ongoing crypto bear market, many companies have faced difficulties. Some of these firms couldn’t maintain operations due to financial crises. Nuri, a German-based cryptocurrency bank, has a...
Tag: NURI
Berlin Bitcoin Neobank Nuri Shutters Business, Warns Clients to Withdraw Funds
Berlin-based neobank Nuri has officially closed down the shop, citing “insuperable” challenges, which kept the firm from raising new funds or finding an acquirer. Formerly known as Bitwala, Nuri filed...
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business – Bitcoin News
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurr...
Users Have Until December to Withdraw Assets From Crypto Bank Nuri
The German-based crypto bank – Nuri – revealed it will terminate its operations due to the harsh consequences of the crypto winter and the negative macroeconomic environment. It informed that customer...
German Digital Bank Nuri asks customers to withdraw funds by December 18
Nuri will disable trading facilities on November 30th, 2022. The banking services provider could not survive economic conditions. CEO Kristina Walcker-Mayer wrote an emotional letter explaining the mo...
Nuri Crypto is Officially Bankrupt
Nuri crypto (formerly Bitwala) had big goals in the past. The crypto bank, where it was possible to buy cryptocurrencies directly via the bank account, must now officially close after the bankruptcy i...
Crypto bank Nuri urges customers to withdraw funds before it shuts down
In cryptocurrency news today, crypto bank Nuri, which filed for temporary insolvency in August after a tough year made worse by the collapse of one its business partners and the failure to get an acqu...
Nuri Exchange Goes Under As Bear Market Claims Another Victim
German crypto exchange Nuri will close its doors on Dec. 18, 2022, after failing to raise adequate capital as it reeled from a broader crypto credit contagion related to Celsius Network. Accordingly, ...
German crypto neobank Nuri shuts down business after failing to find buyer
Nuri, a German crypto neobank, is closing its doors as it was unable to find an acquirer after filing for insolvency in August, CEO Kristina Walcker-Mayer said in an Oct. 18 blog post. The CEO said th...
German Crypto Neobank Nuri to Sets Date to Close its Business
Nuri, a cryptocurrency-focused German Neobank has set December 18 as the date it will stop access to its platform and find ways to liquidate its assets. In an open letter to its workers, key stakehold...
German Crypto Exchange Nuri Shuts Down
Trading will remain possible until Nov. 30 Customers have until Dec. 18 to withdraw funds German cryptocurrency exchange Nuri has closed its business after struggling to find investors. The Berlin-bas...
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers’ a...
German fintech Nuri files for insolvency amid market downturn
German fintech firm Nuri, formerly known as Bitwala, filed for insolvency at a Berlin court on Tuesday. The company filed for insolvency to “stay ahead of a lasting strain on the liquidity of [the] ...
German crypto bank Nuri files for bankruptcy, says withdrawal services are running normally
Nuri, a crypto startup bank based in Germany, has filed for bankruptcy. The firm had around 500,000 customers before this filing. It attributed the decision to the crypto bear market and the liquidity...
Nuri Exchange Keeps Deposits Open Despite Filing for Insolvency
German cryptocurrency exchange Nuri has filed for insolvency with a court in Berlin, becoming the latest in a string of digital assets platforms to face credit issues. The company, founded in 2015, de...
Nuri, The German Crypto Bank, Has 500K Users Files For Insolvency
Nuri stated that it has been facing a lasting strain on its business liquidity The reason is – significant macroeconomic headwinds and the cooling down of public and private capital markets However, t...
German crypto bank Nuri with 500K users files for insolvency
Nuri, a German startup crypto bank with 500,000 customers, filed for insolvency on Tuesday, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason fo...
Another One Bites The Dust: German Crypto Bank Nuri Files For Insolvenzrecht
German cryptocurrency-focused bank Nuri has revealed that it has filed for bankruptcy, citing the protracted crypto winter. Customers’ access to the platform’s services and their funds have not been h...
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Unfavorable market conditions have forced German-based crypto bank Nuri to file for insolvency. Nuri announced on August 9 that it has become insolvent due to financial struggles due to the crypto win...
German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter
The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for insolvency before the Berlin court due to the prolonged bearish cycle that the crypto ma...
German crypto broker Nuri (formerly Bitwala) files for insolvency
After a market-wide meltdown submerged the cryptocurrency sector, caused by the collapse of some of its major participants in recent months, another crypto company has found itself in trouble. Indeed,...
German Exchange Nuri Files for Insolvency
Key Takeaways The Berlin-based cryptocurrency exchange Nuri (formerly Bitwala) filed for insolvency in Germany today. The company will continue to allow users to withdraw funds even as it proceeds wit...
German Crypto Exchange Nuri Files for Insolvency
The exchange has struggled to find new investors since its latest Series B round in 2021 The company says the bear market and political uncertainties have played a role in its insolvency Nuri, one of ...
German App NURI Files for Bankruptcy
The recent crypto crash along with the volatile equity market has hit hard on most economies. Nuri app is the latest German firm to file for bankruptcy. The company claims that the bad market dynamics...