Nexo Financial News

31.08 / 23:41

MasterCard Nexo Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the European Economic Area (EEA)

In partnership with Mastercard, Nexo launched the world's first "Dual Mode Crypto Card," offering debit and credit functionalities for European Economic Area (EEA) citizens on August 31.

01.12 / 15:13

crypto tax Nexo Koinly Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations

Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting.

31.08 / 14:57

business Blockchain Payments MasterCard credit cards Nexo Nexo launches crypto Mastercard for EEA citizens

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).

27.07 / 16:19

regulation lending cryptocurrency investment Nexo regulatory Nexo joins sanctions association as regulatory scrutiny increases

As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the Association of Certified Sanctions Specialists (ACSS).

01.03 / 21:03

Digital SEC Landmark Nexo settlement Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened

The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.

20.01 / 17:17

SEC lending Nexo settlement Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).

16.01 / 22:21

regulation lending Nexo Caribbean VASP Financial Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.

13.01 / 18:21

Blockchain Twitter Reuters Nexo Withdrawals raid Nexo hit by Withdrawals Tsunami After Bulgaria Raid Office to Investigate Alleged Money Laundering

The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.

27.12 / 14:33

Legal Investment Nexo Vauld NOT 'Nexo Has Not Given Up On Its Attempt to Save Vauld' – This is What Happened

There is no deal (yet) in the acquisition talks between crypto lender Nexo and its rival Vauld, while the latter has less than a month to present a restructuring plan to creditors. That said, there is contradicting information coming from the two sides.

29.11 / 20:39

Twitter Platform Silvergate Nexo Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?

The crypto-friendly US-based bank Silvergate had less than $20m in exposure to the now-bankrupt US-based crypto lender BlockFi. But with yet another bankruptcy in the space, more people are now asking if Nexo – one of the last major crypto lenders still standing – will be the next to go down.

03.11 / 10:01

cryptocurrency coinbase Nexo Vauld Backed Coinbase-backed Vauld seeks 4 months more on moratorium as recast talks continue

Troubled cryptocurrency lending platform Vauld’s parent Defi Payments has filed an application in a Singapore Court seeking a four-month extension of its moratorium till March 7, 2023.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

23.09 / 10:41

Nexo What crisis? High-stakes crypto lending looks here to stay

Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a hit from the collapse of cryptocurrency Terra, raising doubts about its ability to repay. That was a worry for Blockchain.com since it had not taken collateral to secure the loan, court filings show. «This is time sensitive so let's sort if you're available,» Odell said of the repayment. Zhao appeared lost for words.

03.08 / 13:23

cryptocurrency Nexo Vauld creditors In third affidavit, Vauld names its top 20 creditors

In his third affidavit, Vauld co-founder and CEO Darshan Bhatija has disclosed the names of the top 20 creditors of the crypto firm. The first creditor has a sum of $33,937,958 outstanding with Vauld as of June 28, shows the affidavit which has been reviewed by Moneycontrol.

01.08 / 16:25

cryptocurrency Nexo Vauld Singapore court grants three-month moratorium to Vauld

A Singapore court on August 1, granted a three-month moratorium to cryptocurrency lending start-up Vauld till November 7, 2022. Following demand letters from a few creditors, the judge further gave a deadline of four weeks to the company to explore mechanisms for withdrawal for creditors in need.

06.07 / 09:03

cryptocurrency Nexo Celsius Vauld Crypto winter: Nexo likely to acquire Vauld, parties sign indicative term sheet

Nexo is likely to acquire Singapore-headquartered crypto exchange firm Vauld, pending due diligence, as both the parties signed an indicative term sheet today. “The completion of this transaction is pending due diligence — which both teams are working on as we speak. Vauld has strived to deliver long-term value to all customers, and we believe coming under the Nexo umbrella will significantly help achieve this,” co-founder and CEODarshan Bathija wrote on microblogging platform Twitter on Tuesday.

05.07 / 13:29

business cryptocurrency Nexo Vauld Crypto lender Nexo plans to buy fellow lender Vauld

Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble.

27.06 / 13:51

Investing security lending Nexo 5 Risks to Know Before Using Centralized Crypto Lending Platforms

Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans.

13.06 / 13:47

MARKET Altcoins Gemini Nexo 100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help

Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal operations.

13.04 / 15:07

UPS cryptocurrency MasterCard Nexo Backed Nexo, Mastercard Launch "World's First" Crypto-Backed Payment Card

The card can be used at 92 million merchants worldwide where Mastercard is accepted.

29.03 / 16:39

NFT Altcoins Non-fungible tokens Nexo week One Week After Launch, ApeCoin Is Now a Yield-Bearing Asset As Nexo Adds 'Full-Fledged APE Wallet'

Holders of ApeCoin (APE), the newly launched governance and utility token of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) ecosystem, can now for the first time earn a yield.

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