2022-12-6 22:41 |
Nexo, a crypto savings and lending provider, has decided to end operations in the United States over the next few months. This decision follows over a year of negotiations with US federal and state agencies that have reached a dead… origin »
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Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troublThe post Crypto lender Nexo will exit United States as it meets dead end appeared first on AMBCrypto.
2022-12-6 20:54 | |
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Crypto lender Nexo announced on December 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. The post Nexo bows out of US on regulatory uncertainty appeared first on CryptoSlate.
2022-12-6 20:52 | |
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The biggest news in the cryptoverse for November 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, United States politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse.
2022-11-30 01:26 | |
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Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.
2022-9-30 19:41 | |
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By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States.
2022-9-27 17:00 | |
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The United States of America's federal system, which splits power between the national and state governments, is both a boon and a bane for the crypto-industry. While crypto-mining might be booming inThe post New York's AG hits Nexo, four others with more regulatory action appeared first on AMBCrypto.
2021-10-19 09:30 | |
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Rumors are swirling after an offer to buy out the first platform for decentralized lending. Nexo, a European-based company for cryptocurrency-collateralized lending, has sent a “letter of intent” to buy out SALT Lending, a similar service in New Zealand, the United Kingdom and several states.
2018-7-28 00:28 | |
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Andreessen Horowitz’s blockchain arm, A16z Crypto, has criticized the US Internal Revenue Service (IRS) and the Treasury Department over their new DeFi rules. In a Dec. 30 post on X, Michele Korver, the head of regulation at A16z, announced its support for the legal challenge led by the Blockchain Association, DeFi Education Fund, and Texas […] The post A16z is suing IRS over new DeFi rules appeared first on CryptoSlate.
According to a recent report by Japanese cryptocurrency publication CoinPost, Japan’s Prime Minister Shigeru Ishiba has taken a cautious stance on the proposal to establish a national Bitcoin (BTC) reserve.
Over the weekend, US President-elect Donald Trump announced two significant appointments underlining his continued support for the crypto sector. On Dec. 22, Trump revealed that he has nominated Economist Stephen Miran to lead the Council of Economic Advisors, while Bo Hines has been named Executive Director of the newly formed Crypto Council.
Roman Storm, developer of the crypto-mixing platform Tornado Cash, has filed a motion to dismiss the criminal charges filed against him by US authorities. His request follows a significant legal decision by the Fifth Circuit Court, which ruled that sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on Tornado Cash’s immutable […] The post Tornado Cash’s legal win prompts co-founder Roman Storm to fight charges appeared first on CryptoSlate.
US President-elect Donald Trump is reportedly considering an Executive Order to establish a Strategic Bitcoin Reserve (SBR), according to Satoshi Act Fund founder Dennis Porter. On Dec. 15, Porter shared on social media platform X (formerly Twitter) that Trump plans to use the Treasury’s Exchange Stabilization Fund (ESF) to implement this strategy after his inauguration.
US Senator Cynthia Lummis remains hopeful that her proposal to establish a national Bitcoin reserve could pass within the first 100 days of Donald Trump’s second presidential term. On Nov. 11, Lummis shared on X that bipartisan backing could propel the bill forward if public support strengthens.
Digital asset funds saw inflows of $1. 2 billion last week, marking a fifth straight week of positive momentum, according to crypto asset manager CoinShares. The increase pushed year-to-date inflows to an unprecedented $31.