[Nov 26 12:30 PM] Nexo, a digital assets wealth platform, has announced the launch of personal USD, EUR, and GBP fiat accounts. This new offering provides clients in over 150 countries with a seamless way to conduct bank transfers directly in their name, enabling…
[Oct 31 9:44 PM] Nexo has announced a rebranding initiative, repositioning itself as a digital asset wealth platform aimed at long-term crypto wealth management. Nexo Targets Wealthy Investors With Rebrand Amid Crypto Market Changes According to the announcement…
[Sep 5 8:30 PM] Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with…
[Sep 3 11:04 AM] The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection.
[Apr 2 11:38 AM] Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital…
[Mar 12 9:00 AM] Today, more than 25 leading Bitcoin organizations joined forces under the banner of the 'Bitcoin Deserves an Emoji' movement. Spearheaded by Nexo, this global initiative is dedicated to securing an official Bitcoin emoji for digital keyboards…
[Mar 6 2:30 AM] On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the…
[Mar 5 7:00 AM] Nexo, a company offering digital asset services, has won initial approval as a licenced entity in Dubai from the region's Virtual Assets Regulatory Authority (VARA), it announced Tuesday.
[Feb 15 11:30 AM] The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which…
[Jan 24 5:32 AM] Nexo has accused the country of making "wrongful and politically motivated actions...involving unjustified and oppressive criminal investigations."
[Jan 1 2:00 PM] As the crypto market marches into 2024, various industry experts and financial analysts have recently cast their respective Bitcoin (BTC) predictions for the year. Among the voices offering insights, Mark Mobius of Mobius Capital Partners LLP…
[Dec 26, 2023 1:30 AM] The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed…
[Dec 22, 2023 2:22 PM] The Bulgarian Prosecutor's Office reported to have said that it found “no evidence of criminal activity,” adding that “no evidence of tax offenses or computer fraud was found against the defendants, either.”
[Aug 31, 2023 4:30 PM] Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending. Nexo Unveils Dual Mode Card Capabilities to Streamline…
[Feb 12, 2023 6:59 PM] The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…
[Jan 20, 2023 5:00 PM] The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail…
[Jan 19, 2023 11:30 PM] The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest…
[Jan 17, 2023 9:00 AM] The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the…
[Jan 16, 2023 2:15 PM] While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.
[Jan 16, 2023 1:15 PM] The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators' enforcement actions in its decision to deny registration.
[Jan 15, 2023 12:15 PM] A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations.
[Jan 13, 2023 2:30 PM] Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.
[Jan 13, 2023 11:30 AM] After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that…
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