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Nexo, a regulated digital asset entity that “unlocks the power of crypto,” has launched a new off-chain and free transfer service for supported cryptocurrencies. Off-Chain Transfer Suits Nexo’s Broad Community As per a press release on August 25, the service is accessible to over two million users. It allows any of the
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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 on April 1. The complaint accuses Nexo of breaching its user agreement by suspending the use of XRP as loan collateral
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Cryptocurrency lender Nexo has launched an exchange service for a range of digital assets within its mobile app. According to an announcement Monday, the new service provides more than 75 cryptocurrency and fiat currency pairs, with 17 cryptocurrencies supported. There are no limits on the number of exchanges a user can
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Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster when compared to the 1000% rallies seen from a handful of
Read MoreNexo co-founder Antoni Trenchev told Cryptox that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to the leak, the world’s leading financial institutions cleared over $2 trillion “suspicious” transactions — and Deutsche Bank alone cleared over $1.3 trillion of that amount. Trenchev said:“The
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Nexo-Tron partnership introduces the first ever TRX-backed fiat credit line to accept TRON (TRX) as collateral.Nexo and TRON Foundation have come together to oversee further TRX adoption through DeFi utility. According to a joint press release, Nexo will list TRX as a collateral for its customers. As a result, it
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After a general slowdown, the global economy has now suffered a secondary blow due to the worldwide coronavirus pandemic which forced a lot of businesses to temporarily suspend operations or stick to minimum capacities. As more people fall sick and cities go on lockdown, the working capital available for individuals
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After a general slowdown, the global economy has now suffered a secondary blow due to the worldwide coronavirus pandemic which forced a lot of businesses to temporarily suspend operations or stick to minimum capacities. As more people fall sick and cities go on lockdown, the working capital available for individuals
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Bitcoin (BTC) can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media. In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost unlike anything ever
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Bitcoin Cash community members are able to borrow against their favorite digital asset in more than 40 fiat currencies across more than
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