A new report from Nexo shines light on the market opportunity and interesting usage patterns of crypto credit cards. In the fourth quarter of 2023, the Nexo Card, developed with Mastercard, saw transactions surpass $50 million, marking a 43% increase from the previous quarter. Nexo CardFeatures: Hybrid debit/credit lets you spend from your crypto balance […]
Nexo Card Data Reveals Emerging Trends In Crypto Card Usage Read More »
In an email to clients, BlockFi has announced the commencement of estate withdrawals and further details of its distribution partners. The email from BlockFiBankruptcyNoticing@noticing.ra.kroll.com (Kroll is BlockFi’s official distribution agent), advises that Kroll will be working with Digital Disbursements, a third-party payment provider, to provide account holders with a distribution of their BlockFi Wallet assets. The
BlockFi Begins ‘Estate’ Withdrawals – Recovery Efforts Continue Read More »
Leading lending protocol Solend has announced the launch of Suilend on the Sui Network, marking its first foray outside the Solana ecosystem. This expansion leverages Solend‘s DeFi experience, where it has amassed over $200 million in total value locked (TVL) and supports more than 70 assets across its 170,000+ user base. The move to Sui indicates
Solend Introduces Suilend on Sui Network: A Strategic Move into DeFi Lending Read More »
Crypto debit and credit cards represent a significant milestone at the intersection of traditional banking and the burgeoning cryptocurrency economy. Here we explain what they are, how they differ, how much they cost – and how to get maximum value from them. Crypto debit and credit cards function similarly to their traditional counterparts but with
What Are Crypto Credit And Debit Cards? Read More »
In the dynamic world of cryptocurrency, the advent of Crypto Loans has introduced a novel avenue for financial flexibility and investment strategy. This article will explore the key risks and advantages of Crypto Loans. Unlike traditional banking systems, crypto loans offer a bridge between the burgeoning potential of digital assets and the liquidity needs of
Navigating Crypto Loans: Choosing the Right Blockchain Platform for Borrowing Read More »
In a significant move within the cryptocurrency loan sector, Nebeus has announced the launch of its new crypto-backed loan program, injecting €250 million in liquidity. Nebeus says the program is designed to cater to both individual and corporate clients and will offer competitive low-interest rates, allowing users to leverage their cryptocurrency assets for tangible financial
Nebeus Launches €250 Million Crypto-Backed Loan Program Read More »
Nexo seeks $3 billion in damages from Bulgaria in ICSID arbitration after Bulgarian prosecutors dropped all charges in a case against the company that marred its activities for most of last year. Nexo AG, along with its subsidiaries, has launched a $3 billion arbitration claim against the Republic of Bulgaria, alleging wrongful and politically motivated
Nexo Hits Back Against Bulgarian Government Read More »
Crypto ‘earn’ products are retreating from the US as numerous agencies and states take action against the platforms offering yield on cryptocurrency staking, lending and borrowing. The future of the crypto ‘Earn’ sector in the United States seems to be at a crossroads. With regulatory bodies taking an increasingly aggressive stance, crypto platforms are having
The Crypto ‘Earn’ Sector Is Under Siege in the United States Read More »
In the ever-evolving landscape of finance, the crypto sector is boldly challenging traditional banking norms by entering the lending arena. Curious about the world of crypto loans? Here we demystify the concept, explore the benefits, and examine how you can tap the full potential of a crypto loan. Crypto Loans: A Path to Financial Flexibility
Unlocking the Power of Crypto Loans: A Borrower’s Guide Read More »
In the last 12 months Nexo has reworked its product offering in an initiative it has branded ‘Nexonomics’. The Nexo Booster is the latest in a series of innovations from the company, but what exactly is it – and what is its risk profile? In the last year, Nexo has developed an impressive track record
What is the Nexo Booster? Read More »
