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Nexo and Amber Group executives claim ‘exponential’ growth in crypto institutional investment

boss Cryptocurrency Market, News

During the 8th edition of the Blockchain Africa Conference 2022, Cryptox's editor-in-chief Kristina Lucrezia Cornèr moderated a virtual panel titled "Cryptocurrency Institutional Investment: Increasing Returns and Improving Diversification." Panelists Kalin Metodiev, co-founder and managing partner at Nexo, and Dimitrios Kavvathas, chief strategy officer at Amber Group, focused on the opportunities that

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Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients – Bitcoin News

boss Exchanges, News

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.

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Bitcoin’s Price Will Hit $100K by Mid-Year, Nexo Founder Predicts – Markets and Prices Bitcoin News

boss Bitcoin News, News

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

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Nexo partners with Three Arrows Capital to launch NFT lending & art financing service

boss Exchanges, News

Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers

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Fidelity and Nexo are entering institutional lending market

boss Exchanges, News

Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to

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Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’

boss Cryptocurrency Market, News

Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto

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Nexo Eyes SEC Broker Dealer License While U.S. Competitors Face Regulatory Pressure

boss Cryptocurrency Market, News

There’s truly never a dull moment in DeFi. Reports have emerged this week that interest-yielding platform Nexo is pursuing an acquisition of an SEC licensed broker dealer with the intent to offer a “modified version” of the company’s products. How this would impact their current offering is unclear. The move comes

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Nexo CEO Details Crypto Lender’s Plan to Stay Out of Regulators’ Crosshairs — CoinDesk

boss Bitcoin News, News

Crypto lender Unchained Capital, for instance, told CryptoX that it does not offer depository accounts or therefore no yield on deposits. Coinbase, the largest U.S. exchange, said on Friday that it no longer plans to offer a lending product that would have powered a savings account for customers with a

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