Tagged: nexo

Nexo Hit with SEC Charges, Settles for $45 Million

Beleaguered crypto firm Nexo has had to pony up a $45 million penalty following charges filed by the Securities and Exchange Commission (SEC). Without admitting or denying the SEC’s findings, Nexo agreed to a cease-and-desist order. Nexo had previously announced its exit from the United… Read More

Nexo’s Offices Raided in Bulgaria, Four Individuals Charged in Allegations of Money Laundering

It has not been that long since Nexo decided to exit the US market, but in recent days the offices of Nexo have been raided in Bulgaria according to multiple reports. While based in London, Nexo is affiliated with a former member of the Bulgarian… Read More

Nexo Continues Expansion of European Compliance, Obtains Regulatory Approval in Poland

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.” This development in Poland “builds on the crypto-native FinTech’s longstanding effort to… Read More

Digital Asset Firm Nexo Acquires Stake in Chartered Bank – Summit National Bank

Nexo, a digital asset firm that describes itself as the “world’s leading regulated institution for digital assets,” has acquired an ownership stake in Hulett Bancorp (DBA Mode Eleven), the parent company of Summit National Bank. Summit National Bank is a federally chartered financial institution. Terms… Read More

NY AG Joins 7 Other States to Sue Digital Asset Platform Nexo

New York Attorney General Letitia James has sued Nexo, a large digital asset platform. James is joining 7 other states in pursuing the crypto firm. New Y0rk is being joined in the action by the following states: California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont…. Read More

Fear Spreads: BlockFi Says They Are Operating Normally, Nexo Looks to Acquire Some Celsius Assets

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

Nexo Introduces Card Backed by a Crypto Credit Line With Mastercard, DiPocket

Nexo, the regulated institution for digital assets, has launched the Nexo Card, a crypto-backed Mastercard card, “in select European markets.” For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users “access to cryptocurrency-powered liquidity across 92M+ merchant sites worldwide.” The Nexo Card… Read More

Nexo, a Regulated Crypto-Assets Service Provider, Acquires Stake in Texture Capital Holdings Corp.

Nexo, one of the regulated institutions for crypto-assets, has reportedly acquired a stake in Texture Capital Holdings Corp., which is the parent firm of Financial Industry Regulatory Authority (FINRA) member and SEC-registered broker-dealer Texture Capital. As mentioned in an update shared with CI, this investment… Read More

Nexo to Integrate Cardano’s ADA

Digital assets firm Nexo has begun to integrate Cardano’s ADA into its full suite of financial services. The process begins with buy and sell services for ADA on the Nexo Exchange, yields of up to eight per cent interest, and the option to borrow against… Read More

Nexo Reports how Public Software Firm Became First to Add Ethereum to Balance Sheet, as Morgan Stanley Offers Bitcoin to Wealthy Clients

Nexo, a crypto lending platform and exchange, recently commented on how Morgan Stanley became the first major bank to offer Bitcoin (BTC) to its wealthy clients. The Nexo team also revealed how a public software firm now has $50 million worth of Ethereum (ETH) on… Read More

Antoni Trenchev from Nexo, which has Partnered with Ledger Vault, Reveals how he Accurately Predicted $50K Bitcoin Price

Ledger Vault has reportedly entered into agreement with Nexo in order to secure and protect clients’ funds. Ledger Vault aims to provide institutional-grade self-custody to Nexo. Through the partnership, which was announced on February 10, 2020, the companies will be focused on providing clients with… Read More

As Bitcoin Surges, Nexo’s AUM Top $4 Billion – Insurance Coverage Rises to $375 Million

Nexo, a crypto lending platform and exchange, says that assets under management have “surged” to more than $4 billion. The comments may come as no surprise as Bitcoin has rocketed to new highs as Tesla announced it had purchased $1.5 billion in BTC and expectations… Read More

Digital Asset Platform Nexo Introduces In-App Cryptocurrency Exchange Service

    Nexo, a UK-based regulated financial institution for digital assets, announced on Monday the launch of its in-app cryptocurrency service, Nexo Exchange. According to Nexo, the Nexo Exchange allows immediate, no-limits conversion between more than 75 crypto and fiat currency pairs directly within the Nexo… Read More

Cryptocurrency Lender Nexo Introduces PAX Gold Credit Line for Retail Investors

Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is… Read More

Report: Former Wall Street Traders Warn of Crypto Lending Bubble

The availability of cheap, cryptocurrency-collateralized loans is growing unsustainably and could induce a crisis, two former Wall Street traders now working in crypto lending have told Bloomberg. According to the outlet, the crypto-collateralized loan industry is a relatively new one that mostly emerged in the… Read More

Fintech Predictions for 2019. Where We Have Been & Where We Are Going

As we head into a market correction, 2019 and beyond will be very interesting for the evolving Fintech industry. This sector of finance saw significant M&A activity and massive fundraising during the 2nd half of 2018 and I predict that we will see more of… Read More

Stablecoin TrueUSD Tops $200 Million in Market Cap & Over $1 Billion in Monthly Trading while Focusing on Compliance: “Tokenizing Assets is the Next Big Wave”

Stablecoins are currently a hot sector of crypto. Tied to an asset like fiat currency like the US dollar, or a commodity, these digital currencies are designed not to fluctuate dramatically in a crypto world with endemic volatility. A recent report indicated that more than… Read More

Nexo Teams Up With UTRUST to Integrate Instant Loan Solution on Crypto Payment Platform

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Nexo, a crypto-backed loans platform, has formed a partnership with secure crypto platform UTRUST to integrate its instant loan solution on the UTRUST platform. Nexo reported its crypto-backed lending capabilities on will provide UTRUST crypto with an option to make delayed payment purchases. According to… Read More

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