NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch the world’s first…
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Digital asset business Nexo (NEXO) has launched a new card that allows the company’s customers to spend their funds without selling their digital assets in selected European markets. Nexo is offering its new product in partnership with payments giant Mastercard and Lithuanian fintech DiPocket. … Read More: Nexo Launches New Mastercard for Users to Spend…
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The crypto market traded lower over the weekend, with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward…. Read More: Bitcoin & Crypto Fall as Market Awaits US Inflation Numbers, ‘Overvalued’ Tech Stocks Worry Traders Read…
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Holders of ApeCoin (APE), the newly launched governance and utility token of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) ecosystem, can now for the first time earn a yield. Yield for ApeCoin holders will be made available through the crypto lending and borrowing platform Nexo (NEXO), with returns ranging from 7% to…
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The crypto lending and borrowing platform Nexo (NEXO) has launched a new investment fund focused on the emerging Web3 industry. The fund will invest USD 150m in “early-stage retail and institutional projects” that are “synergetic” to Nexo’s core business, an announcement from the company said. The new investment fund, dubbed Nexo Ventures, will for…
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The Ukrainian government and non-profit organizations providing support to Ukrainians and the military have cumulatively raised nearly USD 53.5m worth of crypto assets, according to SlowMist AML, a blockchain security firm that tracks crypto donations sent to the government and four Ukrainian NGOs. According to SlowMist, crypto addresses shared by Ukraine’s official Twitter account…
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Following the U.S. Securities and Exchange Commission (SEC) charging the crypto lending platform Blockfi with failing to register its retail crypto lending product and fining the firm $100 million, the crypto lender Nexo has announced it will no longer allow U.S. citizens to earn interest on new savings wallet top-ups. However, Nexo customers from the…
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The co-founder and managing partner of Nexo, a major cryptocurrency lender, has predicted that the price of bitcoin will be $100K by mid-2022. He highlighted “two simple reasons” why he is bullish about the price of bitcoin this year. Bitcoin Expected to Reach $100K by Mid-Year Antoni Trenchev, the co-founder and managing partner of Nexo,…
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After failing to reach USD 100,000 by the end of 2021, as many expected, the price of bitcoin (BTC) is likely to hit this milestone during the first half of 2022, two industry leaders have argued. Others, meanwhile, warn that further price consolidation is the most likely outcome as the market enters the first…
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The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors…. Read More: Bitwise, Nexo Add to Financial Products for Rich NFT Investors Read…
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