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Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the…
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited…
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 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....
Cryptocurrency lender Nexo has come under fire from California regulators and seven other US state securities watchdogs for its unregistered crypto interest account program, which the authorities classified as securities.…
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...
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…
According to Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – Ethereum’s Merge is “the most significant thing” that has happened in the protocol’s history. However, he does…
Cryptocurrency exchange Nexo announced this Aug. 30 the allocation of another $50 million to execute discretionary and periodic buybacks of its NEXO token on the open market. According to the…
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto…