Search results for: nexo

After years in regulatory shadows, Nexo returns with powerful partners and a new strategies.

Credit contraction deepens across Nexo and Aave as speculative positioning unwinds.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The daily chart was highly bullish at press time.  Monthly holders outperformed quarterly NEXO holders. Nexo [NEXO] outperformed Bitcoin [BTC] in the past week (19 -25 March ). It hiked by about 19%, whileContinue reading “NEXO reclaims its mid-February levels of $0.78 – Are sellers subdued”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The volatility of the past few days meant Monday could establish important levels for lower timeframe XRP traders The bias remained strongly bearish for XRP The markets were dominated by sellers and fear wasContinue reading “XRP witnesses large volatility but likely to slide inexorably lower”

Nexo’s settlement with the SEC amounted to millions.  The SEC ‘expected compliance’ from all firms that traded securities, as per the Director of the SEC’s Division of Enforcement.  The Securities and Exchange Commission (SEC) charged Nexo with selling unregistered securities on 19 January 2023. Allegedly, the company failed to register with the SEC before offeringContinue reading “Crypto lender Nexo settles with SEC at this absurd amount… Details inside”

Crypto lender Nexo stated that it was still in talks with Vauld about a possible acquisition. Nexo denied any rumors of the acquisition falling through Crypto lender Nexo iterated that it was still in talks with troubled rival crypto lender Vauld about a possible acquisition of the Singapore-based company. Nexo denied reports that its talksContinue reading “Nexo, Vauld, and everything latest around the acquisition of the latter”

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 lending platforms. Nexo – a UK-based crypto lender – is the latest one to hit the headlines. The companyContinue reading “Crypto lender Nexo will exit United States as it meets dead end”

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 session was hosted by Nexo co-founders and managing partners Antoni Trenchev and Kalin Metodiev. Both of them addressed the concerns raised by users.  ReassuranceContinue reading “This is what Nexo executives said about solvency concerns”

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc. State regulators from California, Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont have claimed that Nexo allegedly failed to register its “Earn Interest Product” as a security andContinue reading “Crypto-lender Nexo faces charges from eight U.S states”

The United States of America’s federal system, which splits power between the national and state governments, is both a boon and a bane for the crypto-industry. While crypto-mining might be booming in Texas, crypto-platforms in New York have been coming under increasing regulatory pressure. What exactly happened? In the state of New York, crypto-lending platformsContinue reading “New York’s AG hits Nexo, four others with more regulatory action”

Tokyo-based video game maker Nexon became the latest publicly listed technology firm to buy bitcoin. Established in 1994, Nexon catered to produce, develop, and operate online games and virtual worlds. The firm went public on the Tokyo Stock Exchange in December 2011 and operated more than 50 online games. BREAKING: @Nexon_America purchases $100M worth ofContinue reading “Nexon joins the likes of Tesla, MicroStrategy; buys 1,717 Bitcoin”

UK-based crypto loan provider, Nexo has been sued for allegedly causing over $5 million worth of losses by suspending XRP payments in December last year. This was after SEC accused Ripple of an alleged illegal securities offering. The class-action lawsuit has been filed by Plaintiff Junhan Jeong, a California resident, on behalf of other XRPContinue reading “Nexo sued for causing over $5 million in damages by ‘unlawful’ suspension of XRP payments”