On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs. Nexo to Offer Loans for Bored…
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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: Nexo & Fidelity Partnership, Gibraltar’s Blockchain Integration + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the…
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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: Investments in Bitcoin Increased, in Ethereum – Dropped + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks Down on Unregistered Crypto…
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Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December. United States-based crypto lending platform Nexo is facing a class-action lawsuit over suspension of XRP services on Dec. 23, 2020. Lead plaintiff, California resident Junhan Jeong submitted the complaint…
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Traders are taking note of Nexo, Elrond and Blockstack as tokens offering real-world use cases rally higher. The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain…
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Twitter users accuse Nexo Finance of being behind Zeus Capital, the firm who wanted to short Chainlink. Nexo Finance has been accused of being behind the suspicious asset management firm that sought to short Chainlink (LINK) after social media users saw Zeus Capital’s source code pointing to its website. Twitter users found a connection between…
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