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Crypto Lender Nexo to Leave the USA After Discussions with Regulators Hit a Stalemate
6.12.2022
Major crypto lender Nexo will be leaving the United States over the next few months, as the company was unable to reach an agreement with the country's regulators.
In a blog post published on Monday, Nexo stated that it would be "phasing out its products and services in the United States in...
Nexo leaving US, says country lacks clear regulations
5.12.2022
The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down
Nexo to Depart US After Regulator Discussions Hit 'Dead End'
5.12.2022
Crypto lender Nexo announced Monday it would stop offering services to U.S. customers over the next several months, and would immediately suspend Earn access in eight states
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
30.11.2022
Entry into Italy's registry for virtual currency operators is mandatory to operate in the country
Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?
29.11.2022
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...
News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo
21.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21: Report
21.11.2022
Nexo is being sued by a group of investors for allegedly blocking 107 million British pounds ($126 million) worth of crypto in 2020-21, according to a report
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
12.11.2022
When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets, blockchain analytics firm Nansen...
Nexo dodges $219M bullet just days before FTX’s solvency crisis
9.11.2022
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange
Big Eyes Coin enters stage 4 of presale; Ready to take over the market like Avalanche and Nexo
15.10.2022
Cryptocurrency, often known as digital money, is a digital currency transacted on the internet using a decentralized digital ledger. Cryptocurrencies could potentially assist in maintaining economic stability due to their decentralization from regulating organizations such as governments. There...
Insolvency not in 'Nexo's reality,' says co-founder during AMA
5.10.2022
Co-founder Kalin Metodiev stated that comparisons between Celsius, Voyager and Nexo are “very far from reality” and that the firm is focused on building in a sustainable way
Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
1.10.2022
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd
NEXO risks 50% drop due to regulatory pressure and investor concerns
30.9.2022
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify
Nexo ‘surprised’ by state regulators' actions, says co-founder
29.9.2022
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”
California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News
27.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables...
Nexo acquires stake in US chartered bank
27.9.2022
By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
27.9.2022
Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC)
Crypto Lender NEXO Faces Cease-and-Desist Order From California
27.9.2022
All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.
The desist-and-refrain order which was filed by California's Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold "unqualified securities"...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
California files order against Nexo interest account, says it’s 8th state to take action
26.9.2022
The state Department of Financial Protection & Innovation says the crypto-interest account is an unqualified security; Nexo has limited the accounts since the BlockFi settlement with the SEC