NEXO risks 50% drop due to regulatory pressure and investor concerns
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify. Go to Source Powered by WPeMatico
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Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.” Go to Source Powered by WPeMatico
Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside? Go to Source Powered by WPeMatico
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager. Go to Source Powered by WPeMatico
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
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 … Read more
Celsius token CEL rises 300% in one week amid a GameStop-like ‘short squeeze’ event
The crypto lending platform’s Insolvency risks puts CEL price at risk of a 70% drop. Go to Source Powered by WPeMatico
Crypto lending platform Babel Finance reaches counterparty debt agreement
The firm emphasized that it will “actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks.” Go to Source Powered by WPeMatico
Crypto Lending Company Blockfi Cuts Staff by 20%
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to … Read more
First for SEC: Crypto Lending Platform Charged — Blockfi Agrees to Pay $100 Million in Penalties
The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency lending platform Blockfi in a first-of-its-kind action. The crypto lender has agreed to pay $100 million to settle the charges and pursue necessary registrations. SEC Charges Crypto Lending Platform Blockfi The U.S. Securities and Exchange Commission (SEC) announced Monday that crypto lending platform Blockfi has … Read more
Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022
Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company’s lending and yielding brand. Go to Source Powered by WPeMatico
