Tag: Nexo

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Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

July 6, 2022

Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other…
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Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’

July 5, 2022

Singapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO). The news was announced by Vauld CEO Darshan Bathija today, stating that the exchange has signed “an indicative term sheet” with Nexo to buy “up to 100% of Vauld.” The CEO added that, “The completion of this transaction is pending due diligence…
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Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News

June 27, 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: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

5 Risks to Know Before Using Centralized Crypto Lending Platforms

June 25, 2022

  Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. … Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’

June 22, 2022

  As the crypto market has entered “a state of fear,” and “nobody can say” whether the bottom is already behind us, major crypto lender Nexo (NEXO) is eyeing possibilities to acquire troubled companies, according to its co-founders…. Read More: Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’  Read more »Pay,…
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Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

June 13, 2022

On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around…
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100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help

June 13, 2022

  Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal operations…. Read More: 100º Celsius: Industry Debating Possible…
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Nexo offers to buy out Celsius’ loans amid withdrawal suspension

June 13, 2022

Nexo platform could rescue Celsius’ customers after “what appears to be the insolvency of the Celsius Network.” There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as…
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IMF Not Happy About Bitcoin Again, DEX Hack, Starbucks’ NFTs + More News

May 5, 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: IMF Not Happy About Bitcoin Again, DEX Hack, Starbucks’ NFTs + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

2 key metrics point toward further downside for the entire crypto market

April 30, 2022

Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain. The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and…
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