Tag: nexo

Nexo has defended itself against various U.S. regulators by claiming it promises modest interest rates. Nexo Says It Offers Nominal Rates Nexo says that it doesn't offer high interest rates....

Nexo has defended itself against various U.S. regulators by claiming it promises modest interest rates. Nexo Says It Offers Nominal Rates Nexo has defended itself against cease and desist orders...

Nexo, a digital asset lending platform, announced that it has acquired a stake in Summit National Bank. The company now owns an unspecified stake in Hulett Bancorp, the holding company that owns the federally chartered bank. Nexo called the acquisition an "industry-changing transaction," as it will expand...

Nexo revealed that it stopped onboarding new U.S. clients to its Earn Interest Product in February 2022 after financial regulators in eight states initiated legal actions against it. According to the U.S., Nexo violated securities law by offering their residents interest-bearing crypto accounts. California issues cease and refrain order California's Department of Financial Protection and Innovation...

Multiple U.S. state regulators have issued cease and desist orders against the crypto lending platform Nexo. C&D Issued Against Nexo Eight U.S. states are taking legal action against Nexo for...

Crisis = Opportunity. At least that’s how the famous Chinese saying goes. Over the past few months, because of the unwise decisions of a few crypto lending players on providing uncollateralized loans and maintaining high-risk exposure. CeFi has really taken a...

After a few weeks of rather sideways trading, the cryptocurrency market has demonstrated a slight growth in valuation last week. While the total market capitalizations accounted for almost exactly $1 trillion last Sunday, the total valuation of all cryptocurrencies combined stood at almost $1.1 trillion at the beginning of Week 37. Nevertheless, some cryptos exceeded the market average growth of 10%. These include...

Celsius Network was a leading cryptocurrency lending platform and interest account where users could earn interest on their digital assets and take out cryptocurrency loans. With over 1.7 million users and over $8 billion in loans, the platform was the first place many crypto enthusiasts went to earn a yield on their digital assets or take out cryptocurrency loans. Now investors are looking...

The crypto bear market had largely been brought about by the crash of various lending platforms. Crypto lending firms such as Voyager Digital and Celsius had quickly gone into bankruptcy after being unable to keep up with the market decline. Others, such as Nexo, had felt the heat from these crashes as a result of the bank runs that ensued. But it seems...

Crypto lending platform Nexo had on Tuesday allocated an additional $50 million to the company’s buyback initiative. The long-standing initiative from the company last saw the infusion of $100 in May this year. The latest approval...

Nexo, a leading cryptocurrency lending platform and exchange, has introduced a new feature on its platform — the Nexo Booster. Launched earlier this year as part of the Nexo app, the Booster is now set to bring more functionalities to the platform's web users and enable them to grow their holdings further. The Nexo Booster brings leverage trading to the platform, enabling...

Cryptocurrency interest accounts are an experiment that challenges various traditional yield generation strategies. The S&P 500 averaged around 10% to 11% per year since 1926 Real estate averages around 9.4%. Most popular cryptocurrency interest accounts offered around...

Cryptocurrency interest accounts are an experiment that challenges various traditional yield generation strategies. The S&P 500 averaged around 10% to 11% per year since 1926 Real estate averages around 9.4%. Most popular cryptocurrency interest accounts offered around...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...

Being an innovative and unique token, Nexo can boast high utility, so it's no surprise it has been quite popular lately. People are wondering whether it is worth investing in Nexo and what the future holds for this currency. In this article, we will show you our Nexo price prediction and share why we think it is a good investment! Nexo Overview Created...